1 Exhibit 11.1 COMPUTATION OF EARNINGS PER SHARE March 31, March 31, 1995 1996 ---------- ----------- Net income (loss) $1,630,702 $ (742,788) ========== =========== Weighted average shares outstanding 6,093,350 7,161,298 Number of shares calculated using the treasury stock method in accordance with APB15 644,659 607,051 ---------- ----------- Total weighted average shares outstanding 6,738,009 7,768,349 ========== =========== EARNINGS PER SHARE (LOSS) $ 0.24 $ (0.10) ========== ===========