Exhibit 11.1 Statement of Computation of Earnings Per Share Weighted Average --------------------------------- Total Shares Three Months Year ------------ ------------ ------------ Shares outstanding January 1, 2002 553,808 553,808 553,808 Issuance of shares for Criticom September 30, 2002 155,911 155,911 38,977 ------------ ------------ ------------ Shares outstanding December 31, 2002 709,719 709,719 592,785 ============ ============ ============ Net loss $ (2,499,491) $ (5,647,212) ============ ============ Net loss per share $ (3.52) $ (9.53) ============ ============ Shares outstanding January 1, 2003 709,719 709,719 709,719 Shares issued for IASI and Morlyn on January 31, 2003 881,192 881,192 806,351 334/365 Shares issued upon IPO on July 29, 2003 22,000,000 22,000,000 9,402,740 156/365 Shares issued upon exercise of overallotment on August 27, 2003 982,729 982,729 341,936 127/365 Shares issued to Criticom shareholders, earn-out, December 2, 2003 34,091 10,746 29/92 2,709 29/365 ------------ ------------ ------------ Shares outstanding December 31, 2003 24,607,731 24,584,386 11,263,455 ============ ============ ============ Net loss $ (1,522,758) $(22,004,560) ============ ============ Net loss per share $ (0.06) $ (1.95) ============ ============