1 EXHIBIT 11 (CONTINUED) COMPUTATION OF EARNINGS PER SHARE UNAUDITED DILUTED EARNINGS PER SHARE Three Months Ended March 31, 2000 1999 ---- ---- Weighted average shares outstanding--basic 26,345,353 26,395,692 Plus incremental shares from assumed conversions 2,293,365 1,017,398 ------------- ------------- Number of shares for computation of diluted net income (loss) per share 28,638,718 27,413,090 Net income (loss) $ (1,526,071) $ 2,793,748 ------------- ------------- Diluted net income (loss) per share $ (0.05) $ 0.10 ============= =============