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EXHIBIT 11.1
COMPUTATION OF PER SHARE EARNINGS
We calculated net income per share in accordance with FASB Statement
No. 128 by dividing net income by the weighted average number of shares of
common stock outstanding to arrive at the Net Income Per Common Share - Basic.
We calculated Net Income Per Common Share - Diluted by dividing net income by
the weighted average number of shares of common stock and dilutive stock
equivalents from the exercise of stock options and warrants using the treasury
stock method. The results for March 1999 and prior reflect the conversion of MJK
shares into Stockwalk.com Group, Inc. shares at a rate of 3.72382 to 1.
<TABLE>
<CAPTION>
FOR YEAR ENDED MARCH 31,
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PROFORMA
1996 1997 1998 1999 2000 2000
----------- ----------- ------------ ----------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C>
Weighted average shares
outstanding - basic.... 15,103,700 15,848,500 15,848,500 15,848,500 18,849,200 30,311,200
Dilutive effect of stock
options, warrants and
convertible notes
after application of
the treasury stock
method................. - - - - 149,200 3,688,800
----------- ----------- ------------ ----------- ------------ -----------
Weighted average shares
outstanding - diluted.. 15,103,700 15,848,500 15,848,500 15,848,500 18,998,400 34,000,000
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</TABLE>
Exhibit 11.1-1
