EXHIBIT 11
COMPUTATION OF PER SHARE DATA
(UNAUDITED)
Nine Months Ended Three Months Ended
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Sept 30, Sept 30, Sept 30, Sept 30,
1996 1995 1996 1995
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Net Loss $ (288,000) $(2,404,000) $ (90,000) $ (304,000)
Preferred Stock dividend (292,000) (257,000) (97,000) (97,000)
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Loss applicable to Common Stock $ (580,000) $(2,661,000) $ (187,000) $ (401,000)
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Primary:
Weighted average number of common
shares outstanding 4,681,765 4,408,044 4,681,765 4,503,719
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Net loss per share of Common Stock
(primary): $ (.01) $ (.60) $ (.00) $ (.09)
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Assuming Full Dilution:
Weighted average number of common
shares outstanding 4,681,765 4,408,044 4,681,765 4,503,710
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Net loss per share of Common Stock
(assuming full dilution) (a) $ (.01) $ (.60) $ (.00) $ (.09)
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(a) Not presented because dilution is less than 3 percent from primary amounts.
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