EXHIBIT 11.1

COMPUTATION OF EARNINGS PER SHARE

For the following periods the registrant had no securities that were dilutive
for the calculation of earnings per share.

<Table>
<Caption>
                                                                              Weighted average number of basic
      Summary from unaudited financial        Basic and diluted loss per       and diluted common stock shares
                 statements                          common share                        outstanding
   ---------------------------------------- -------------------------------- ------------------------------------
                                                                       
   Six months ended 11/30/2001                                       (0.09)                           13,127,684
   Three months ended 11/30/2001                                     (0.06)                           13,154,538
   Six months ended 11/30/2000                                       (0.08)                           12,428,043
   Three months ended 11/30/2000
                                                                     (0.04)                           12,637,533
</Table>