Exhibit 11: (Loss) earnings per share
The following table reconciles the numerators and denominators of the basic and
diluted (loss) earnings per share:
THREE MONTHS ENDED FEBRUARY 28,
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2002 2001
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BASIC (LOSS) EARNINGS PER COMMON SHARE:
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NUMERATOR
Net (loss) earnings available to common shareholders $ (112,586) $ 309,506
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DENOMINATOR
Weighted average number of shares outstanding 1,415,833 1,345,584
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PER SHARE AMOUNTS
Net (loss) earnings available to common shareholders $ (0.08) $ 0.23
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DILUTED EARNINGS PER SHARE
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NUMERATOR
Net (loss) earnings available to common shareholders $ (112,586) $ 309,506
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DENOMINATOR
Weighted average number of shares outstanding 1,415,833 1,345,584
Effect of dilutive securities:
Options and warrants - 27,200
Stock acquired with proceeds - (23,477)
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Weighted average common shares and assumed
conversions outstanding 1,415,833 1,349,307
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PER SHARE AMOUNTS
Net (loss) earnings available to common shareholders $ (0.08) $ 0.23
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