TOP AIR MANUFACTURING, INC. AND SUBSIDIARIES
EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
TOP AIR MANUFACTURING, INC. AND SUBSIDIARIES
EXHIBIT 11 - COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
Three Months Ended Three Months Ended
August 31, August 31,
2000 1999
------------------ ------------------
Basic:
Common shares outstanding at
the beginning of the period 4,954,803 4,968,957
Weighted average of common shares
issued (retired) during the period -- 6,315
--------- ---------
Weighted average common shares
outstanding 4,954,803 4,975,272
========= =========
Net income (loss) $(504,153) $(511,607)
========== =========
Net income (loss) per share $ (.10) $ (.10)
========== =========
Fully Diluted:
Weighted average common shares
outstanding 4,954,803 4,975,272
Net effect of dilutive securities:
convertible debentures and
employee stock options # -- --
----------- ---------
Weighted average common and
common equivalent shares 4,954,803 4,975,272
=========== =========
Net income (loss) $ 504,153 $(511,607)
=========== =========
Net income (loss) per share $ (.10) $ (.10)
=========== =========
# The convertible debentures and stock options have not been included because
they are antidilutive.