EXHIBIT 11.1---STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED)
GALAGEN INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (LOSS)
FOR THE THREE MONTHS ENDED
MARCH 31
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1998 1997
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BASIC LOSS PER SHARE:
Weighted average shares outstanding 7,560,438 7,163,769
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Net loss applicable to common stockholders $(1,217,095) $(1,576,928)
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Basic net loss per share applicable to common
stockholders $(.16) $(.22)
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DILUTED LOSS PER SHARE:
Weighted average shares outstanding 7,560,438 7,163,769
Dilutive potential common shares - -
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Total 7,560,438 7,163,769
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Net loss applicable to common stockholders $(1,217,095) $(1,576,928)
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Diluted net loss per share applicable to
common stockholders $(.16) $(.22)
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