<PAGE> 1
Exhibit 11
STATEMENT RE: COMPUTATION OF EARNINGS (LOSS) PER SHARE (RESTATED)
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<TABLE>
<CAPTION>
FOR THE THREE MONTHS ENDED
JUNE 30, 1995
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ASSUMING
PRIMARY FULL DILUTION
------------ ----------------
<S> <C> <C>
Weighted average of outstanding shares 20,826,527 20,826,527
Common equivalent shares:
Outstanding stock options 394,297 394,297
Other potentially dilutive securities: N/A 3,895,652
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Shares used in computing net income (loss) per share 21,220,824 25,116,476
============ ============
Net income (loss) $ (533,000) $ (533,000)
Adjustments assuming full dilution: N/A N/A
------------ ------------
Net income (loss) $ (533,000) $ (533,000)
============ ============
Net income (loss) per share $ (0.03) $ (0.03)
Dilution percentage assuming full dilution (1) N/A N/A
Net income (loss) per share $ (0.03) $ (0.03)
============ ============
</TABLE>
<TABLE>
<CAPTION>
FOR THE SIX MONTHS ENDED
JUNE 30, 1995
--------------------------------
ASSUMING
PRIMARY FULL DILUTION
------------- ---------------
<S> <C> <C>
Weighted average of outstanding shares 20,518,375 20,518,375
Common equivalent shares:
Outstanding stock options 435,984 449,422
Other potentially dilutive securities: N/A 3,895,652
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Shares used in computing net income (loss) per share 20,954,359 24,863,449
============= ===============
Net income (loss) $ (2,571,000) $ (2,571,000)
Adjustments assuming full dilution: N/A N/A
============= ===============
Net income (loss) $ (2,571,000) $ (2,571,000)
============= ===============
Net income (loss) per share $ (0.12) $ (0.12)
Dilution percentage assuming full dilution (1) N/A N/A
Net income (loss) per share $ (0.12) $ (0.12)
============= ===============
</TABLE>
NOTES:
(1) Provided that dilution is greater than 3%, the convertible debentures
are considered dilutive in the calculation and presentation of per
share data. In periods of net losses, dilutive earnings per share
equals primary earnings per share.