SURGE COMPONENTS, INC. AND SUBSIDIARY EXHIBIT 11.1 COMPUTATION OF EARNINGS PER COMMON SHARE ---------------------------------------- Three Months Ended February 28, 1998 1997 ---- ---- Basic earnings: Net income $ 28,137 $ 8,231 Shares: Weighted common shares outstanding 4,823,958 4,823,958 Employees stock options -- -- ---------- ---------- Total weighted shares outstanding 4,823,958 4,823,958 ---------- ---------- Basic earnings per common share $ .01 $ -- ========== ========== Diluted earnings: Net income $ 28,137 $ 8,231 Shares: Weighted common shares outstanding 4,823,958 4,823,958 Employees stock options 149,451 48,968 ---------- ---------- Total weighted shares outstanding 4,973,409 4,872,926 ---------- ---------- Diluted earnings per common share $ .01 $ -- ========== ==========