1 PART II, ITEM 6, EXHIBIT 11. EGAN SYSTEMS, INC. COMPUTATION OF PER SHARE EARNINGS Six Months Ended June 30, 1996 1995 Net income (loss) applicable to common stock $ (9,074) $ (58,670) Outstanding shares - common stock at January 1, 10,185,000 8,435,000 Dilutive effect of stock options and warrants 4,230,000 1,400,000 Weighted average shares issued during period - 66,667 Weighted average common shares outstanding - primary and fully diluted - June 30, 14,415,000 9,901,667 Net income per common share - primary and fully diluted - June 30, $ 0.00 $ (0.01) 10