EXHIBIT - 11.1
MEDIQUIK SERVICES, INC.
COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
Three Months Ended Nine Months and Period
September 30, Ended September 30,
------------- -------------------
1999 1998 1999 1998
(As Restated, (As Restated,
see Note 8) see Note 8)
<S> <C> <C> <C> <C>
Basic common and common equivalent shares
outstanding, beginning of period 5,494,807 4,138,564 4,849,173
Weighted average shares and equivalent shares
outstanding:
Issuance of Founders' shares 117,939
Acquisition of MediQuik Services LLC assets 2,948,460
Issuance of restricted stock 1,023,432
Conversion of Convertible Debt 26,222 13,707
Proceeds from issuance of warrants and
common stock 23,433 12,249
Proceeds from issuance of common stock 322,070
Issuance of common stock under consulting
agreements 143,960
Proceeds from issuance of common stock 31,804 10,718
Common stock issued related to termination of
marketing agreement 233,153 78,571
Issuance of common stock under consulting
agreements 15,913 5,363
Issuance of common stock under employment
agreement 6,630 2,234
----------- ---------- ----------- -----------
Basic weighted average common shares
outstanding, end of period 5,782,307 4,188,219 5,412,089 4,115,787
=========== ========== =========== ===========
Diluted weighted average common shares outstanding 5,728,307 4,188,219 5,412,089 4,115,787
=========== ========== =========== ===========
NET LOSS $(1,265,596) $ (222,940) $(3,021,939) $ (291,734)
----------- ---------- ----------- -----------
BASIC LOSS PER SHARE $ (0.22) $ (0.05) $ (0.56) $ (0.07)
=========== ========== =========== ===========
DILUTED LOSS PER SHARE $ (0.22) $ (0.05) $ (0.56) $ (0.07)
=========== ========== =========== ===========
</TABLE>
16