1 PART II, ITEM 6, EXHIBIT 11. EGAN SYSTEMS, INC. COMPUTATION OF PER SHARE EARNINGS Nine Months Ended September 30, 1996 1995 Net income (loss) applicable to common stock $ 14,154 $ (97,448) Outstanding shares - common stock at January 1, 10,185,000 8,435,000 Dilutive effect of stock options and warrants - Weighted average shares issued during period - 1,477,777 Weighted average common shares outstanding - primary and fully diluted - September 30, 10,185,000 9,912,777 Net income per common share - primary and fully diluted - September 30, $ 0.00 $ (0.01)