EXHIBIT 11.1
GALAGEN INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (LOSS)
For the Year Ended December 31
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1997 1996 1995
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BASIC LOSS PER SHARE:
Weighted average shares outstanding 7,184,722 6,604,902 1,904,059
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Net loss applicable to common stockholders $(5,635,134) $(14,783,591) $(5,474,038)
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Basic net loss per share applicable to common
stockholders $ (.78) $ (2.24) $ (2.87)
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DILUTED LOSS PER SHARE:
Weighted average shares outstanding 7,184,722 6,604,902 1,904,059
Dilutive potential common shares - - -
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Total 7,184,722 6,604,902 1,904,059
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Net loss applicable to common stockholders $(5,635,134) $(14,783,591) $(5,474,038)
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Diluted net loss per share applicable to common
stockholders $ (.78) $ (2.24) $ (2.87)
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