1 EXHIBIT 11.1 AWARE, INC. COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE THREE MONTHS ENDED MARCH 31, ---------------------------- 1998 1997 ----------- ----------- Net loss ................................................... $(1,455,437) $ (276,302) =========== =========== Weighted average number of common shares outstanding: Common stock ............................................. 19,718,820 19,054,759 Other .................................................... - - ----------- ----------- Common shares outstanding for purpose of calculating basic net loss per share ............................. 19,718,820 19,054,759 Common stock equivalents to reflect dilution: Option common stock equivalent shares .................. - - ----------- ----------- Total shares for purpose of calculating diluted net loss per share ....................................... 19,718,820 19,054,759 =========== =========== Basic net loss per share ................................... $ (0.07) $ (0.01) =========== =========== Diluted net loss per share ................................. $ (0.07) $ (0.01) =========== ===========