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EXHIBIT 11.1
AWARE, INC.
COMPUTATION OF PRIMARY AND FULLY DILUTED
NET INCOME (LOSS) PER SHARE
THREE MONTHS ENDED
JUNE 30,
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1997 1996
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Net income (loss) ...................................................... $ (275,398) $ 48,668
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Weighted average number of common and common stock equivalent shares
outstanding:
Common stock ..................................................... 19,284,218 7,248,575
Convertible preferred common stock equivalents ................... -- 7,473,518
Option common stock equivalent shares ............................ -- 985,922
Effect of SAB 83 ................................................. -- 882,289
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Common and common stock equivalent shares outstanding for
purpose of calculating primary net income (loss) per share 19,284,218 16,590,304
Incremental shares to reflect full dilution ...................... -- --
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Total shares for purpose of calculating fully diluted net
income (loss) per share ................................. 19,284,218 16,590,304
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Primary net income (loss) per share .................................... $ (0.01) $ 0.00
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Fully diluted net income (loss) per share .............................. $ (0.01) $ 0.00
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SIX MONTHS ENDED
JUNE 30,
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1997 1996
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Net income (loss) ...................................................... $ (551,700) $ 89,819
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Weighted average number of common and common stock equivalent shares
outstanding:
Common stock ..................................................... 19,170,086 4,299,939
Convertible preferred common stock equivalents ................... -- 10,136,647
Option common stock equivalent shares ............................ -- 875,861
Effect of SAB 83 ................................................. -- 882,289
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Common and common stock equivalent shares outstanding for
purpose of calculating primary net income (loss) per share 19,170,086 16,194,736
Incremental shares to reflect full dilution ...................... -- 110,061
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Total shares for purpose of calculating fully diluted net
income (loss) per share ................................. 19,170,086 16,304,797
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Primary net income (loss) per share .................................... $ (0.03) $ 0.01
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Fully diluted net income (loss) per share .............................. $ (0.03) $ 0.01
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