ENERGY BIOSYSTEMS CORPORATION
EXHIBIT 11.1
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
The following schedules reflect the information used in calculating the
number of shares in the computation of net loss per share for each of the
periods set forth in the Statements of Operations.
17
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF PER SHARE EARNINGS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997
WEIGHTED AVERAGE SHARES OUTSTANDING:
TOTAL # DAYS
SHARES OUTSTANDING
- ---------------------------------------
11,497,135 x 15 = 172,457,025
11,502,135 x 1 = 11,502,135
11,502,235 x 7 = 80,515,645
11,502,395 x 18 = 207,043,110
11,505,395 x 8 = 92,043,160
11,506,053 x 13 = 149,578,689
11,507,163 x 6 = 69,042,978
11,605,377 x 52 = 603,479,604
11,712,758 x 63 = 737,903,754
11,763,593 x 20 = 235,271,860
11,764,343 x 36 = 423,516,348
11,765,343 x 8 = 94,122,744
11,777,924 x 24 = 282,670,176
11,778,204 x 1 = 11,778,204
11,780,704 x 1 = 11,780,704
--- -------------
273 = 3,182,706,136
3,182,706,136 / 273 = 11,658,264
----------
----------
LOSS PER SHARE:
Net Loss plus dividend accrual
plus accretion of offering costs ($9,447,419) = ($0.81)
- -------------------------------- ------------- ----------
Weighted Avg. Shares 11,658,264 ----------
18
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF PER SHARE EARNINGS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1997
WEIGHTED AVERAGE SHARES OUTSTANDING:
TOTAL # DAYS
SHARES OUTSTANDING
- ---------------------------------------
11,712,758 x 2 = 23,425,516
11,763,593 x 20 = 235,271,860
11,764,343 x 36 = 423,516,348
11,765,343 x 8 = 94,122,744
11,777,924 x 24 = 282,670,176
11,778,204 x 1 = 11,778,204
11,780,704 x 1 = 11,780,704
--- -------------
92 1,082,565,552 / 92 = 11,767,017
----------
----------
LOSS PER SHARE:
Net Loss plus dividend accrual
plus accretion of offering costs ($3,449,012) = ($0.29)
- -------------------------------- ------------- ----------
Weighted Avg. Shares 11,767,017 ----------
19
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF PER SHARE EARNINGS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996
WEIGHTED AVERAGE SHARES OUTSTANDING:
TOTAL # DAYS
SHARES OUTSTANDING
- ---------------------------------------
10,584,268 x 23 = 243,438,164
11,107,568 x 14 = 155,505,952
11,139,268 x 27 = 300,760,236
11,140,768 x 8 = 89,126,144
11,142,868 x 55 = 612,857,740
11,301,975 x 28 = 316,455,300
11,302,025 x 16 = 180,832,400
11,303,525 x 7 = 79,124,675
11,309,295 x 1 = 11,309,295
11,309,355 x 5 = 56,546,775
11.310,855 x 7 = 79,175,985
11,311,955 x 5 = 56,559,775
11,316,955 x 4 = 45,267,820
11,318,210 x 28 = 316,909,880
11,320,010 x 4 = 45,280,040
11,320,210 x 23 = 260,364,830
11,325,210 x 19 = 215,178,990
--- -------------
274 3,064,694,001 11,185,015
--- ------------- ----------
--- ------------- ----------
LOSS PER SHARE:
Net Loss plus dividend accrual
plus accretion of offering costs ($7,780,444) = ($0.70)
- -------------------------------- ------------- ----------
Weighted Avg. Shares 11,185,015 ----------
20
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF PER SHARE EARNINGS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1996
WEIGHTED AVERAGE SHARES OUTSTANDING:
TOTAL # DAYS
SHARES OUTSTANDING
- ---------------------------------------
11,309,355 x 2 = 22,618,710
11,310,855 x 7 = 79,175,985
11,311,955 x 5 = 56,559,775
11,316,955 x 4 = 45,267,820
11,318,210 x 28 = 316,909,880
11,320,010 x 4 = 45,280,040
11,320,210 x 23 = 260,364,830
11,325,210 x 19 = 215,178,990
--- -------------
92 / 1,041,356,030 = 11,319,087
--- ------------- ----------
--- ------------- ----------
LOSS PER SHARE:
Net Loss plus dividend accrual
plus accretion of offering costs ($2,716,413) = ($0.24)
- -------------------------------- ------------- ----------
Weighted Avg. Shares 11,319,087 ----------
21