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EXHIBIT 11
NATIONAL RECORD MART, INC.
CALCULATION OF NET LOSS PER COMMON SHARE
FOR THE THIRTEEN WEEKS ENDED JUNE 30, 2001 AND JUNE 24, 2000
NET LOSS PER COMMON SHARE
The computation of weighted average common shares and equivalents outstanding
for the periods presented is as follows:
Thirteen Weeks Ended
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June 30, June 24,
2001 2000
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Weighted average common
shares outstanding 5,051,167 5,051,167
Common Stock Equivalents
which are dilutive * *
Treasury stock assumed to
be repurchased using
proceeds from options and
warrants -- --
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Weighted average common
shares and equivalents
outstanding 5,051,167 5,051,167
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Net loss $(6,529,059) $(4,176,480)
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Basic net loss per share $(1.29) $(0.83)
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Diluted net loss per share $(1.29) $(0.83)
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* Shares not included in calculation as the effects of such shares would be
anti-dilutive.
(12)