EXHIBIT 11.2
CTI Industries Corporation
Computation of Earnings (Loss) Per Share
And Equivalent Share of Common Stock
for the six months ended April 30, 1996 and 1997
Six Months Ended Six Months Ended
April 30, 1996 April 30, 1997
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Fully Fully
Primary Diluted Primary Diluted
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Line
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AVERAGE SHARES OUTSTANDING
1 Weighted average number
of shares of common stock
outstanding during the period 1,060,385 1,060,385 987,125 987,125
2 Net additional shares assuming
stock options and warrants
exercised and proceeds used to
purchase treasury shares 263,695 263,695 263,695 263,695
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3 Weighted average number of shares
and equivalent shares
of common stock outstanding
during the period 1,324,080 1,324,080 1,250,820 1,250,820
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EARNINGS (LOSS)
4 Net earnings (loss) $(68,538) $(68,538) $390,691 $390,691
5 Less dividends applicable to
convertible preferred stock (10,294) (10,294) ($65,000) ($65,000)
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6 Amount for per share computation ($78,832) ($78,832) $325,691 $325,691
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PER SHARE AMOUNTS
Loss applicable to common shares
(line 8 / line 3) ($.06) ($.06) $.26 $.26
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Earnings (loss) per share is computed by dividing net earnings (loss), less
convertible preferred stock dividends, by the weighted average number of shares
of common stock and common stock equivalents (common stock warrannts and
convertible preferred stock) outstanding during the period.