1 EXHIBIT 11.2 COMPUTATION OF DILUTED EARNINGS PER SHARE THREE MONTHS ENDED MARCH 31, --------------------------- 1998 1997 ----------- ----------- Shares: Weighted average number of common shares outstanding - Basic 5,280,253 3,071,778 Additional shares assuming exercise of stock options and warrants 71,715 -- ----------- ----------- Weighted average shares outstanding - Diluted 5,351,968 3,071,778 =========== =========== Net income (loss) from continuing operations $ 328,013 $ (350,749) Loss from discontinued operations $ -- $ (161,723) ----------- ----------- Net income (loss) $ 328,013 $ (512,472) =========== =========== Diluted income (loss) per share from continuing operations $ 0.06 $ (0.12) Diluted loss per share from discontinued operations $ -- $ (0.05) ----------- ----------- Diluted income (loss) per share $ 0.06 $ (0.17) =========== ===========