|
|
|
|
|
|
|
|
|
EXHIBIT 11.
DVL, INC. and Subsidiaries
Computation of Earnings Per Share
(in thousands except share and per share data)
(unaudited)
Three Months Ended
September 30,
-------------------------
2000 1999
------------ ----------
Income before extraordinary gain $ 43 $ 42
Extraordinary gain 107 25
------------ -----------
Net income $ 150 $ 67
============ ===========
Weighted average number of common
shares outstanding - basic 16,560,450 16,560,450
Shares issuable upon exercise of
dilutive options and warrants 113,097,546 57,386,819
Less shares assumed repurchased (22,543,082) (9,776,900)
------------ -----------
Weighted average number of common
shares outstanding - diluted 107,114,914 64,170,369
============ ===========
Basic earnings per share:
Income before extraordinary gain $ .00 $ .00
Extraordinary gain .01 .00
------------ -----------
Net income $ .01 $ .00
============ ===========
Diluted earnings per share:
Income before extraordinary gain $ .00 $ .00
Extraordinary gain .00 .00
------------ -----------
Net income $ .00 $ .00
============ ===========
<PAGE>
EXHIBIT 11.
DVL, INC. and Subsidiaries
Computation of Earnings Per Share
(in thousands except share and per share data)
(unaudited)
Nine Months Ended
September 30,
-------------------------
2000 1999
----------- ----------
(Loss) income before extraordinary gain $ (64) $ 914
Extraordinary gain 256 1,258
----------- -----------
Net income $ 192 $ 2,172
=========== ===========
Weighted average number of common
shares outstanding - basic 16,560,450 16,560,450
Shares issuable upon exercise of
dilutive options and warrants -- 57,386,819
Less shares assumed repurchased - (9,776,900)
----------- ----------
Weighted average number of common
shares outstanding - diluted 16,560,450 64,170,369
=========== ===========
Basic earnings per share:
(Loss) income before extraordinary gain $ (.00) $ .05
Extraordinary gain .01 .08
----------- -----------
Net income $ .01 $ .13
=========== ===========
Diluted earnings per share:
(Loss) Income before extraordinary gain $ (.00) $ .01
Extraordinary gain .01 .02
----------- -----------
Net income $ .01 $ .03
=========== ============
|
|