1 Exhibit 11 Statement re computation of per share earnings For the three For the three For the six For the six months ended months ended months ended months ended June 30, 1996 June 30, 1996 June 30, 1996 June 30, 1996 Primary Fully diluted Primary Fully diluted Weighted average common shares outstanding 3,385,805 3,385,805 3,385,805 3,385,805 Dilutive effect of common stock equivalents 261,584 306,524 212,336 306,524 ---------- ---------- ---------- ---------- Weighted average common and common equivalent shares outstanding 3,647,389 3,692,329 3,598,141 3,692,329 ========== ========== ========== ========== Net income $ 71,181 $ 71,181 $ 202,206 $ 202,206 ========== ========== ========== ========== Net income per common share $ 0.02 $ 0.02 $ 0.06 $ 0.06 ========== ========== ========== ==========