Three Months Ended June 30,
Primary 2000 1999
Net loss $(1,079,317) $ (233,468)
Less - preferred stock
dividends (8,193) (10,125)
Net loss applicable for
common shares $(1,087,510) $ (243,593)
Weighted average number of
common shares outstanding
during the year 7,805,544 7,757,260
Basic loss per common share $ (.14) $ (.03)
Fully Diluted
Net loss applicable for
common share $(1,087,510) $ (243,593)
Add - dividends on
convertible preferred stock - -
Net (loss) for fully diluted
net income per share $(1,087,510) $ (243,593)
Weighted average number of
shares used in calculating
primary loss per common share 7,805,544 7,757,260
Assuming conversion of
convertible preferred stock
and stock options
(weighted average) - -
Weighted average number of
common shares outstanding
as adjusted 7,805,544 7,757,260
Fully diluted loss per
common share $ (.14) $ (.03)
Nine Months Ended June 30,
Primary 2000 1999
Net income (loss) $(2,522,780) $ 886,976
Less - preferred stock dividends (25,485) (39,468)
Net income (loss) applicable
for common shares $(2,548,265) $ 847,508
Weighted average number of
common shares outstanding
during the year 7,799,027 7,700,320
Basic income (loss) per
common share $ (.33) $ .11
Fully Diluted
Net income (loss) applicable
for common share $(2,548,265) $ 847,508
Add - dividends on
convertible preferred stock - 39,468
Net income (loss) for
fully diluted net income
per share $(2,548,265) $ 886,976
Weighted average number of
shares used in calculating
primary income (loss) per
common share 7,799,027 7,700,320
Assuming conversion of
convertible preferred
stock and stock options
(weighted average) - 273,420
Weighted average number
of common shares
outstanding as adjusted 7,799,027 7,973,740
Fully diluted earnings (loss)
per common share $ (.33) $ .11
