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EXHIBIT 11
LANVISION SYSTEMS, INC.
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
For the three and nine months ended October 31, 2004 and 2003
Three Months Nine Months
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2004 2003 2004 2003
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Net earnings (loss) $ (156,401) $ 481,655 $ (1,039,792) $ 19,459
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Average shares outstanding 9,082,494 9,011,131 9,062,221 8,989,303
Stock options & purchase plan:
Total options & purchase plan shares - 393,487 - 385,662
Assumed treasury stock buyback - (185,468) - (179,111)
Warrants assumed converted - - - -
Convertible redeemable preferred
stock assumed converted - - - -
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Number of shares used in per common
share computation 9,082,494 9,219,150 9,062,221 9,195,854
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Basic net earnings (loss) per share
of common stock $ (0.02) $ 0.05 $ (0.11) $ 0.00
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Diluted net earnings (loss) per share
of common stock $ (0.02) $ 0.05 $ (0.11) $ 0.00
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