EXHIBIT 11

STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

Net income (loss) per common share are based upon the weighted average
number of shares outstanding as well as the dilutive effect of stock options and
warrants. If applicable, dividends on preferred stock are deducted from earnings
available for common shares.

1995 1994
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Net income (loss)................................................. $(3,316,000) $ 720,000
Preferred Stock Dividends......................................... 0 98,000
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Net Income (Loss) Attributable to Common Shares................... $(3,316,000) $ 622,000
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Weighted Average Shares Outstanding During the Period............. 13,595,382 10,782,203
Dilutive Effect of Stock Options and Warrants..................... 0 2,084,824
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Total Weighted Average Number of Common Shares Outstanding........ 13,595,382 12,867,027
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Net Income (Loss) Per Common Share................................ $ (0.24) $ (0.04)