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Previous: PET QUARTERS INC, S-1/A, EX-5.1, 2000-07-10 |
Next: PET QUARTERS INC, S-1/A, EX-23.1, 2000-07-10 |
<PAGE> 1
EXHIBIT 11.1
Statement re Computation of Earnings Per Share
<TABLE>
<CAPTION>
1997 1998 1999
------------ ------------ ------------
<S> <C> <C> <C>
Numerator:
Net loss and numerator for basic
and diluted loss per share $ 0 $ (816,179) $ (1,052,265)
============ ============ ============
Denominator:
Denominator for basic earning per
share - weighted-average shares 6,625,000 8,568,125 11,453,000
Employee stock options -- -- --
Warrants -- -- --
------------ ------------ ------------
Dilutive potential common shares -- -- --
Denominator for diluted earnings
per share- adjusted weighted-average
shares and assumed conversions 6,625,000 8,568,125 11,453,000
============ ============ ============
Basic loss per share $ 0.00 $ (0.10) $ (0.09)
============ ============ ============
Diluted loss per share $ 0.00 $ (0.10) $ (0.09)
============ ============ ============
</TABLE>
Note: The effect of all potential common shares is anti-dilutive in the
calculation of diluted loss per share and therefore have been excluded from the
calculation.
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