Exhibit 11.1 VITRONICS CORPORATION AND SUBSIDIARY CALCULATION OF NET INCOME PER COMMON SHARE (For the years ended December 31, 1995 and December 31, 1994) December 31, 1995 Primary Fully Diluted ---------- ------------- Net income $2,775,000 $ 2,848,000 Weighted average shares outstanding: Common stock 8,576,217 8,576,217 Convertible debentures -- 1,492,603 Warrants 139,150 143,253 Stock options 452,790 475,648 ---------- ---------- Weighted averaged shares outstanding 9,168,158 10,687,721 Income per share $ .30 $ .27 December 31, 1994 Primary Fully Diluted ---------- ------------- Net income $ 602,000 $ 722,000 Weighted average shares outstanding: Common stock 7,496,798 7,496,798 Convertible debentures -- 2,400,000 Warrants 103,125 119,423 Stock options 138,622 174,168 ---------- ---------- Weighted averaged shares outstanding 7,738,545 10,190,389 Income per share $ .03 $ .03