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EXHIBIT 11.1
AWARE, INC.
COMPUTATION OF PRIMARY AND FULLY DILUTED
NET INOME (LOSS) PER SHARE
THREE MONTHS ENDED
SEPTEMBER 30,
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1997 1996
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Net income (loss).................................................... $(2,145,946) $ 261,683
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Weighted average number of common and common stock equivalent shares
outstanding:
Common stock...................................................... 19,430,032 15,014,883
Convertible preferred common stock equivalents.................... -- 2,058,232
Option common stock equivalent shares............................. -- 1,998,719
Effect of SAB 83.................................................. -- --
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Common and common stock equivalent shares outstanding for
purpose of calculating primary net income (loss) per share 19,430,032 19,071,834
Incremental shares to reflect full dilution....................... -- 335,411
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Total shares for purpose of calculating fully diluted net
income (loss) per share................................... 19,430,032 19,407,245
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Primary net income (loss) per share.................................. $ (0.11) $ 0.01
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Fully diluted net income (loss) per share............................ $ (0.11) $ 0.01
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NINE MONTHS ENDED
SEPTEMBER 30,
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1997 1996
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Net income (loss)....................................................... $(2,697,646) $ 351,501
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Weighted average number of common and common stock equivalent shares
outstanding:
Common stock...................................................... 19,257,651 8,145,160
Convertible preferred common stock equivalents.................... -- 7,289,474
Option common stock equivalent shares............................. -- 1,710,345
Effect of SAB 83.................................................. -- 400,010
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Common and common stock equivalent shares outstanding for
purpose of calculating primary net income (loss) per share 19,257,651 17,544,989
Incremental shares to reflect full dilution....................... -- 614,609
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Total shares for purpose of calculating fully diluted net
income (loss) per share................................... 19,257,651 18,159,598
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Primary net income (loss) per share..................................... $ (0.14) $ 0.02
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Fully diluted net income (loss) per share............................... $ (0.14) $ 0.02
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