1 EXHIBIT 11.1 SCHEDULE OF COMPUTATION OF NET LOSS PER SHARE THREE MONTHS ENDED SIX MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 1999 1998 1999 1998 ---- ---- ---- ---- Net loss applicable to common stock $ (366,142) $ (820,209) $ (500,020) $(1,142,749) Weighted average number of common shares equivalent: Common shares outstanding 5,879,601 4,541,266 5,303,694 4,563,207 Common equivalent shares representing shares issuable upon exercise of stock options and warrants Incremental common equivalent shares (calculated 0 0 0 0 using the higher of end of period or average fair market value) Total weighted average shares - as adjusted 5,879,601 4,541,266 5,303,694 4,563,207 Basic (0.06) (0.18) (0.09) (0.25) Diluted (0.06) (0.18) (0.09) (0.25)