1 EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) BASIC EARNINGS PER SHARE Three Months Ended March 31, 2000 1999 ---- ---- Weighted average shares outstanding--basic 26,345,353 26,395,692 Net income (loss) $ (1,526,071) $ 2,793,748 ------------- ------------- Basic net income (loss) per share $ (0.06) $ 0.11 ============= =============