Exhibit 11.1 Computation of Per Share Earnings
For the Three Months Ended For the Nine Months Ended
September 30, September 30,
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1998 1997 1998 1997
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Weighted average common stock ......................... 7,916,148 5,929,873 7,896,767 5,825,632
Weighted average common stock equivalents ............. 264,020 227,247 301,374 197,479
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Weighted average common stock and equivalents ......... 8,180,168 6,157,120 8,198,141 6,023,111
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Net income ............................................ $ 885,489 $ 751,146 $ 4,729,202 $ 2,804,191
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Net income per share - Basic .......................... $ 0.11 $ 0.13 $ 0.60 $ 0.48
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Net income per share - Diluted ........................ $ 0.11 $ 0.12 $ 0.58 $ 0.47
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