EXHIBIT 11
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
----------------------------------------------
BASIC EARNINGS PER SHARE SHARES
------------------------ ------
Basic shares outstanding at September 30, 2000 1,955,379
NET LOSS $ (122,166) $ (.06) PER SHARE
------------------------ ----------- -----------------
Basic shares outstanding 1,955,379
DILUTED EARNINGS PER SHARE SHARES
-------------------------- ------
Basic shares outstanding at September 30, 2000 1,955,379
Stock Options-common stock equivalents 76,927
---------
Diluted shares outstanding at September 30, 2000 2,032,306
NET LOSS $ (122,166) $ (.06) PER SHARE
-------------------------- ---------- -----------------
Diluted shares outstanding 2,032,306