1 EXHIBIT 11.1 COMPUTATION OF EARNINGS PER SHARE --------------------------------- June 30, June 30, 1996 1997 ---------- ---------- Net income (loss) $2,824,383 $3,353,495 ========== ========== Weighted average shares outstanding 7,214,642 7,371,366 Number of shares calculated using the treasury stock method in accordance with APB15 541,084 515,932 ---------- ---------- Total weighted average shares outstanding 7,752,634 7,887,298 ========== ========== Earnings per share (loss) $ 0.36 $ 0.43 ========== ==========