EXHIBIT 11-- SCHEDULE OF COMPUTATION OF NET EARNINGS PER SHARE
YEAR ENDED JUNE 30,
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2000 1999 1998
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Net income (loss) $ 495,758 $(1,852,806) $ (148,619)
BASIC
Weighted average number
shares outstanding
during the year: 7,408,821 6,562,140 6,617,153
Basic income (loss) per share:
Net income (loss) $ 0.07 $ (0.28) $ (0.02)
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DILUTED
Weighted average number of
shares outstanding
during the year: 7,408,821 6,562,140 6,617,153
Effect of dilutive securities:
Common stock equivalent
shares (determined using the
"treasury stock" method)
representing shares issuable
upon exercise of common
stock options 2,278 1,704 52,210
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Weighted average number of
shares used in calculation of
diluted earnings per share 7,411,099 6,563,844 6,669,363
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Diluted income (loss) per share:
Net income (loss) $ 0.07 $ (0.28) $ (0.02)
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