EGAN SYSTEMS, INC.
COMPUTATION OF PER SHARE EARNINGS
Computation of per share earnings:
The following data show the amounts used in computing earnings per share and the
effect on (loss) income and the weighted average number of shares of dilutive
potential common stock.
Nine Months Ended
SEPTEMBER 30,
2000 1999
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(Loss) income available to common stockholders $ (429,945) $ 139,348
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Weighted average number of common shares in
primary EPS 19,368,874 18,646,652
Effect of dilutive securities 200,000 4,682,642
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Weighted average number of common shares and
dilutive potential common stock used in
fully diluted EPS 19,568,874 $23,329,294
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Net (loss) income per common share:
Basic $ (0.02) $ 0.01
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Fully diluted $ - $ 0.01
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For 2000, the effect of dilutive securities were not included in computing fully
diluted EPS because their effects are anti-dilutive.
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