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PART LL, ITEM 6, EXHIBIT II.
EGAN SYSTEMS, INC.
COMPUTATION OF PER SHARE EARNINGS
Computation of per share earnings:
The following data show the amounts used in computing earnings per share and the
effect on (loss) income and the weighted average number of shares of dilutive
potential common stock.
Nine Months Ended
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1998 1997
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(Loss) income available to common stockholders
used in primary EPS $ (93,401) $ 13,284
Interest expense on convertible note payable 625 3,750
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(Loss) income available to common stockholders
after assumed conversions of dilutive securities $ (92,776) $ 17,034
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Weighted average number of common shares in
primary EPS $ 18,541,652 $ 15,559,652
Effect of dilutive securities 2,866,452 3,867,548
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Weighted average number of common shares and
dilutive potential common stock used in
fully diluted EPS $ 21,408,104 $ 19,427,200
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Net (loss) income per common share:
Primary $ (0.01) $ 0.00
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Fully diluted $ 0.00 $ 0.00
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For 1998, the effect of dilutive securities were not included in computing fully
diluted EPS because their effects are anti-dilutive.
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