EXHIBIT 11.1 CALCULATION OF WEIGHTED AVERAGE FOR THE PERIOD ENDED SEPTEMBER 30, 2001 BEGINNING BALANCE 44,099,333 DATE NO OF SHARES CONTRIBUTION TO ISSUED WEIGHTED AVERAGE ENDING BALANCE - ------------------------------------------------------------------------- Feb. 26, 2001 3,300,000 2,610,989 46,710,322 Mar. 15, 2001 4,800,000 3,498,901 50,209,223 Jun. 26, 2001 2,773,523 975,305 51,184,528 Aug. 30, 2001 295,455 33,550 51,218,078 Sep. 06, 2001 25,000 2,198 51,220,276 Net Loss for the period: 1,378,611 Weighted average shares: 51,220,276 Net Loss per share: $(0.03)