1 EXHIBIT 11.1 AWARE, INC. COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE THREE MONTHS ENDED JUNE 30, ------------------------------ 1998 1997 ----------- ----------- Net loss ................................................................ $(1,290,978) $ (275,398) =========== =========== Weighted average number of common shares outstanding: Common stock ....................................................... 20,212,309 19,284,218 Other .............................................................. - - ----------- ----------- Common shares outstanding for purpose of calculating basic ....... 20,212,309 19,284,218 net loss per share Common stock equivalents to reflect dilution: Option common stock equivalent shares ............................ - - ----------- ----------- Total shares for purpose of calculating diluted net loss per share ............................................... 20,212,309 19,284,218 =========== =========== Basic net loss per share ................................................ $ (0.06) $ (0.01) =========== =========== Diluted net loss per share .............................................. $ (0.06) $ (0.01) =========== =========== SIX MONTHS ENDED JUNE 30, ------------------------------ 1998 1997 ----------- ----------- Net loss ................................................................ $(2,746,415) $ (551,700) =========== =========== Weighted average number of common shares outstanding: Common stock ....................................................... 19,966,936 19,170,086 Other .............................................................. - - ----------- ----------- Common shares outstanding for purpose of calculating basic ....... 19,966,936 19,170,086 net loss per share Common stock equivalents to reflect dilution: Option common stock equivalent shares ............................ - - ----------- ----------- Total shares for purpose of calculating diluted net loss per share ............................................... 19,966,936 19,170,086 =========== =========== Basic net loss per share ................................................ $ (0.14) $ (0.03) =========== =========== Diluted net loss per share .............................................. $ (0.14) $ (0.03) =========== ===========