1 Exhibit 11 LANVISION SYSTEMS, INC. COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE Three Months Ended Nine Months Ended October 31, October 31, ------------------------------------ ------------------------------------ 1996 1995 1996 1995 ----------------- ----------------- ----------------- ----------------- Net (loss) $ (1,179,460) $ (284,157) $ (2,098,222) $ (769,931) ================= ================= ================= ================= Average shares outstanding 8,896,500 4,488,000 6,582,024 4,488,000 Stock options: Total options - 586,858 - 586,858 Assumed treasury stock buyback - (380,533) - (380,533) Convertible redeemable preferred stock assumed converted - 1,496,000 1,496,000 1,496,000 ----------------- ----------------- ----------------- ----------------- Number of shares used in per common share computation 8,896,500 6,190,325 8,078,024 6,190,325 ================= ================= ================= ================= Net (loss) per share of common stock $ (.13) $ (.05) $ (.26) $ (.12) ================= ================= ================= ================= 18