Exhibit 11
HEALTH OUTCOMES MANAGEMENT, INC. & SUBSIDIARIES
Calculation of Earnings Per Share
(Unaudited)
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Three Months Ended
May 31,
2000 1999
__________ __________
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Earnings used in calculations:
Income (loss) from continuing operations $ 37,944 $ 14,836
Income (loss) from discontinued operations (351) 0
__________ __________
Net income (loss) used in per share calculation 37,593 14,836
Shares used in calculations:
BASIC
Average number of shares outstanding 9,198,761 8,872,853
DILUTED
Additional shares issuable assuming exercise
of outstanding stock options 242,263 34,764
Additional shares issuable assuming exercise
of outstanding warrants 0 0
Additional shares issuable assuming exercise
of convertible debt 638,028 5,479
__________ __________
Weighted average number of common and common
equivalent shares outstanding 10,079,052 8,913,096
__________ __________
__________ __________
Basic per share data:
Income (loss) from continuing operations $ .00 $ .00
Income (loss) from discontinued operations (.00) .00
__________ __________
Net income (loss) $ .00 $ .00
Diluted per share data:
Income (loss) from continuing operations $ .00 $ .00
Income (loss) from discontinued operations (.00) .00
__________ __________
Net income (loss) $ .00 $ .00
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