EXHIBIT 11.1 - COMPUTATION OF PER SHARE EARNINGS (In thousands, except per share amounts) Three Months Ended Six Months Ended October 31, October 31, ------------------------- -------------------------- 1997 1996 1997 1996 ---------- ---------- ---------- ---------- Primary: Earnings: Net loss $ (467) $ (456) $ (719) $ (1,083) Shares: Weighted average shares outstanding 5,036 5,036 5,036 5,036 Per share amounts: Net loss $ (.09) $ (.09) $ (.14) $ (.22) ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Fully diluted (A): Earnings: Net loss $ (467) $ (456) $ (719) $ (1,083) Shares: Weighted average shares outstanding 5,036 5,036 5,036 5,036 Net shares issuable on exercise of certain stock options -- 25 -- 67 ---------- ---------- ---------- ---------- Weighted average shares outstanding, as adjusted 5,036 5,061 5,036 5,103 Per share amounts: Net loss $ (.09) $ (.09) $ (.14) $ (.21) ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Note A: This calculation is submitted in accordance with Regulation S-K item 601(b)(11) although it is contrary to paragraph 40 of APB Opinion No. 15 because it produces an anti-dilutive result. 27