EXHIBIT 11 COMMERCE GROUP CORP. AND CONSOLIDATED SUBSIDIARIES -------------------------------------------------- SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE Years Ended March 31 2007 2009 2008 (Restated) ------------ ------------ ------------ BASIC/DILUTED - ------------- Net income (loss) for primary income per common share $(30,016,783) $(3,052,198) $(2,616,821) ============= ============ ============ Weighted average number of common shares outstanding during the year - basic/diluted 30,723,711 28,401,086 25,457,052 ============= ============ ============ Income (loss) per common share - basic/diluted $ (.98) $ (.11) $ (.10) ============= ============ ============