1 EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS INTERNATIONAL REMOTE IMAGING SYSTEMS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, ----------------------------------------------- 1993 1994 1995 ----------------------------------------------- (as restated) Actual Weighted Average Shares Outstanding for the Period . . . . . . . . . . . . . . . . . . . . . . . . . . 5,123,665 5,383,849 5,994,739 Dilutive Effects of Stock Options and Warrants Using Average Market Price . . . . . . . . . . . . . . . . . . . 231,632 292,741 356,066 ------------ ------------ ------------ Total Shares Based on Shares Outstanding and the Assumption that All Share Equivalents Are Exercised at Average Stock Market Price . . . . . . . . . . . . . . . 5,355,297 5,676,590 6,350,805 Additional dilutive effect of Stock Options and Warrants Being Exercised Using Ending Market Price . . . . -- 22,030 67,713 ------------ ------------ ------------ Total Shares Based on Shares Outstanding and the Assumption That All Stock Options and Warrants are Exercised At Ending Market Price . . . . . . . . . . . . . 5,355,297 5,698,620 6,418,518 ============ ============ ============ Net Income Applicable to Fully Diluted Earnings Per Share . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,322,637 $1,621,564 $2,126,412 ============ ============ ============ Fully Diluted Net Income Per Share . . . . . . . . . . . . . $ 0.25 $ 0.28 $ 0.33 ============ ============ ============