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TOUCHSTONE APPLIED SCIENCE ASSOCIATES, INC.
AND SUBSIDIARIES
EXHIBIT II
COMPUTATION OF EARNINGS PER COMMON SHARE
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Six Months Ended Three Months Ended
April 30, April 30,
(Unaudited) (Unaudited)
2 0 0 0 1 9 9 9 2 0 0 0 1 9 9 9
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<S> <C> <C> <C> <C>
Basic and diluted earnings:
Net loss $ (829,379) $ (209,704) $ (73,506) $ (9,347)
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Shares:
Weighted common shares
outstanding 2,314,866 2,141,801 2,493,759 2,141,801
Total weighted shares
outstanding 2,314,866 2,141,801 2,493,759 2,141,801
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Basic and diluted loss
per common share $ (.36) $ (.10) $ (.03) $ --
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