AVAX Technologies, Inc. Exhibit 11.1
Computation of Earnings (Loss) Per Share 10K
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Month of Months O/S Three Months Three Months Quaarter Quaarter
Issuance For Number of Each Given Ended Ended Ended Ended
F/S Purposes Shares Year 6/30/99 6/30/00 6/30/99 6/30/00
------------ ------ ---- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C>
January '90 582,500 582,500 582,500 582,500 582,500
August '91 230,000 230,000 230,000 230,000 230,000
June '92 287,098 287,098 287,098 287,098 287,098
July '93 7,358
November '93 1,359
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8,717 8,717 8,717 8,717 8,717
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July '94 3,750 3,750 3,750 3,750 3,750
April '95 (111,330)
May '95 (196,618) -- --
September '95 402,490
November '95 1,374,728 -- --
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1,469,270 1,469,270 1,469,270 1,469,270 1,469,270
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March '96 (77,901)
May & June '96 321,875
May & June '96 129,099
June '96 9,875 -- --
July '96 146,875
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529,823 529,823 529,823 529,823 529,823
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June '97 407,093
July, August & Sept '97 661,901
Oct, Nov & Dec '97 402,153
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1,471,147 1,471,147 1,471,147 1,471,147 1,471,147
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Jan, Feb & March '98 285,832 285,832 285,832 285,832 285,832
April, May & June '98 353,236 353,236 353,236 353,236 353,236
July, Aug & Sept 4,319,243 4,319,243 4,319,243 4,319,243 4,319,243
Oct., Nov. & Dec '98 466,503 464,329 464,329 464,329 466,503
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5,424,814
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Jan, Feb & March '99 305,570 305,570 305,570 229,178 305,570
April, May & June '99 442,897 221,449 442,897 110,724 442,897
July, Aug & Sept '99 165,648 -- 165,648 165,648
Oct., Nov. & Dec '99 119,056 -- 119,056 119,056
Sept '99 Warrant Exercise Shares 37,500 -- 37,500 37,500
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1,070,671
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Jan, Feb & March '00 4,438,439 4.5 -- 4,438,439 -- 3,328,829
April, May & June '00 6,068 1.5 -- 3,034 1,517
------------ ------------ ------------- ------------
Weighted Average Shares 10,531,964 15,517,089 10,344,847 14,408,136
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Net Income (Loss) Attributable to Common Stockholders (1,902,897) (2,386,968) (3,542,808) (4,653,816)
Net Income (Loss) Per Share (0.18) (0.15) (0.34) (0.32)
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