MACE SECURITY INTERNATIONAL, INC.
Exhibit 11
Schedule of Computation of Primary Net Income
Per Share
---------
Three Months Ended September 30, Nine Months ended September 30,
- -------------------------------- -------------------------------
1997 1996 1997 1996
---- ---- ---- ----
7,081,666 6,825,000 Common stock outstanding at 7,081,666 6,825,000
end of period
Adjustment to ending shares to
arrive at weighted average for
the period: Shares issued to
Robert D. Norman in accordance
-- -- with Employment Agreement(1) -- 6,788
-- -- Shares issued in connection with 53,040 --
MSP, Inc. Acquisition(2)
136,340 -- Shares issued in connection with 163,076 --
MSPR, Inc. Acquisition(3)****
- --------- --------- ----------- -----------
6,945,326 6,825,000 Weighted average 6,865,550 6,818,212
========= ========= =========== ===========
$(297,219) $(252,547) Net loss $ (555,541) $ (143,013)
========= ========= =========== ===========
$ (0.04) $ (0.04) Net loss per share $ (0.08) $ (0.02)
========= ========= =========== ===========
- ----------
(1)Shares offered for the nine months:
September 30, 1996 20,000 x (93/274) 6,788
(2)Shares offered for the nine months:
September 30, 1997 80,000 x (181/273) 53,040
(3)Shares offered for the nine months:
September 30, 1997 176,666 x (252/273) 163,076
Shares offered for the three months:
September 30, 1997 176,666 x (71/92) 136,340
Above calculated as follows:
Number of shares outstanding multiplied by the reciprocal of the number of days
outstanding divided by the number of days in the period.