EXHIBIT 11 (Unaudited) COMPUTATION OF NET EARNINGS PER SHARE BASIC DILUTED Six Months Ended Six Months Ended December 31, December 31, ---------------- ---------------- 2000 1999 2000 1999 ------------ ------------ ---------- ------------ Net income $ 3,096,004 $ 1,315,902 $ 3,096,004 $ 1,315,902 ================================================================ Weighted average common shares outstanding 5,947,129 5,954,671 5,947,129 5,954,671 ============================== Weighted average common share equivalents: Options - - 571,605 506,862 ------- ------- Weighted average common shares and common share equivalents 5,947,129 5,954,671 6,518,734 6,461,533 ================================================================ Net income per share $ .52 $ .22 $ .47 $ .20 =========== =========== =========== =========== BASIC DILUTED Three Months Ended Three Months Ended December 31, December 31, ---------------- ---------------- 2000 1999 2000 1999 ------------ ------------ ---------- ------------ Net income $ 761,844 $ 710,574 $ 761,844 $ 710,574 ================================================================ Weighted average common shares outstanding 5,969,213 5,951,872 5,969,213 5,951,872 ========================== Weighted average common share equivalents: Options - - 552,102 499,608 ------- ------- Weighted average common shares and common share equivalents 5,969,213 5,951,872 6,521,315 6,451,480 ================================================================ Net income per share $ .13 $ .12 $ .12 $ .11 =========== =========== =========== ===========