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EXHIBIT 11
INTERNATIONAL DIVERSIFIED INDUSTRIES, INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
For the three months ended For the nine months ended
September 30, September 30,
------------------------------- ---------------------------
1998 1997 1998 1997
--------- ------- --------- -------
Balance, January 1, 3,788,589 598,339 3,788,589 598,339
Shares issued upon exercise of
options and warrants - 5,875 - 5,222
--------- ------- --------- -------
Common stock and equivalents 3,788,589 604,214 3,788,589 603,561
========= ======= ========= =======
Three months Nine months
Weighting factor Weighting factor
(in months) (in months)
-------------------------- ------------------------
1998 1997 1998 1997
----- ----- ----- ----
Balance, January 1, 3 3 9 9
Shares issued upon exercise of
options and warrants N/A See Below N/A See Below
Computation of weighted average number of shares issued upon exercise of options
and warrants:
Period ended September 30, Three months Nine months
weighting factor weighting factor
Shares (in days) (in days)
------ ---------------- ----------------
Date Issued 1997 1997
---- ------ ---------------- ----------------
01/31/97 5,875 5,875 5,222