1 EXHIBIT 11.1 AWARE, INC. COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE Three Months Ended September 30, ----------------------------- 1998 1997 ------------ ------------- Net loss ................................................................. $ (77,772) $(2,145,946) =========== =========== Weighted average number of common shares outstanding: Common stock ........................................................ 20,636,604 19,430,032 Other ............................................................... -- -- ---------- ----------- Common shares outstanding for purpose of calculating basic net loss per share ........................................ 20,636,604 1 9,430,032 Common stock equivalents to reflect dilution: Option common stock equivalent shares ............................. -- -- ----------- ----------- Total shares for purpose of calculating diluted net loss per share ................................................ 20,636,604 19,430,032 ========== =========== Basic net loss per share ................................................. $ (0.00) $ (0.11) ========== ============ Diluted net loss per share ............................................... $ (0.00) $ (0.11) ========== ============ Nine Months Ended September 30, ----------------------------- 1998 1997 ------------ ------------- Net loss ................................................................. $(2,824,187) $(2,697,646) ============ =========== Weighted average number of common shares outstanding: Common stock ........................................................ 20,192,611 19,257,651 Other ............................................................... -- -- ----------- ----------- Common shares outstanding for purpose of calculating basic net loss per share ........................................ 20,192,611 19,257,651 Common stock equivalents to reflect dilution: Option common stock equivalent shares ............................. -- -- ----------- ----------- Total shares for purpose of calculating diluted net loss per share ................................................ 20,192,611 19,257,651 =========== =========== Basic net loss per share ................................................. $ (0.14) $ (0.14) =========== =========== Diluted net loss per share ............................................... $ (0.14) $ (0.14) =========== ===========