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Exhibit 11
NOISE CANCELLATION TECHNOLOGIES, INC. AND SUBSIDIARIES
COMPUTATION OF NET (LOSS) PER SHARE
(IN THOUSANDS EXCEPT PER SHARE AMOUNT)
SIX MONTH ENDED JUNE 30, ,
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PRIMARY 1995 1996
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Net (loss) ($2,470) ($3,948)
Less: reduction of interest expense or interest
earned attributable to utilization of assumed
proceeds from exercise of options and warrants
in excess of amounts required to repurchase
20% of the outstanding common stock at average
market price
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ADJUSTED NET (LOSS) ($2,470) ($3,948)
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Weighted average number of shares outstanding. 86,215 94,468
Add: common equivalent shares (determined using
the "Treasury Stock" method) representing shares
issuable upon assumed exercise of options and
warrants in excess of average market price 1,959 2,514
Shares issuable upon conversion of Series B
preferred shares - -
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SHARES USED FOR COMPUTATION 88,174 96,982
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PRIMARY NET (LOSS) PER SHARE ($0.03) ($0.04)
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FULLY DILUTED
Net (loss) ($2,470) ($3,948)
Less: reduction of interest expense or interest
earned attributable to utilization of assumed
proceeds from exercise of options and warrants
in excess of amounts required to repurchase
20% of the outstanding common stock at year-end
market price if greater than average market price
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ADJUSTED NET (LOSS) ($2,470) ($3,948)
===================== ========================
Weighted average number of shares outstanding. 86,215 94,468
Add: common equivalent shares (determined using
the "Treasury Stock" method) representing shares
issuable upon assumed exercise of options and
warrants in excess of year-end market price
if greater than average market price 1,959 2,514
Shares issuable upon conversion of Series B
preferred shares - -
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SHARES USED FOR COMPUTATION 88,174 96,982
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FULLY DILUTED NET (LOSS) PER SHARE ($0.03) ($0.04)
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The above per share data are not reported on the statement of operations
because such data is anti-dilutive.
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