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EXHIBIT 11.1
Statement re Computation of Earnings Per Share
1997 1998 1999
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Numerator:
Net loss and numerator for basic
and diluted loss per share $ 0 $ (816,179) $ (1,052,265)
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Denominator:
Denominator for basic earning per
share - weighted-average shares 6,625,000 8,568,125 11,453,000
Employee stock options -- -- --
Warrants -- -- --
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Dilutive potential common shares -- -- --
Denominator for diluted earnings
per share- adjusted weighted-average
shares and assumed conversions 6,625,000 8,568,125 11,453,000
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Basic loss per share $ 0.00 $ (0.10) $ (0.09)
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Diluted loss per share $ 0.00 $ (0.10) $ (0.09)
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Note: The effect of all potential common shares is anti-dilutive in the
calculation of diluted loss per share and therefore have been excluded from the
calculation.