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EXHIBIT 11.1 COMPUTATION OF EARNINGS PER SHARE
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Three Months Ended Nine Months Ended
September 30, September 30,
------------------ -----------------
2000 1999 2000 1999
---- ---- ----- -----
<S> <C> <C> <C> <C>
Weighted average common shares 29,529,630 25,624,921 28,945,516 24,612,447
Dilutive effect of stock options and
warrants -- -- -- --
----------- ----------- ----------- -----------
Weighted average common and common
equivalent shares outstanding
-Diluted 29,529,630 25,624,921 28,945,516 24,612,447
Net Income (loss)
Per Share Amount -Basic $ (0.29) $ (0.14) $ (1.31) $ (0.33)
-Diluted $ (0.29) $ (0.14) $ (1.31) $ (0.33)
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