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EXHIBIT 11.1
COMPUTATIONS OF NET LOSS PER SHARE
The following table sets forth the computation of basic and diluted loss per
share as calculated in accordance with FASB 128.
<TABLE>
<CAPTION>
For the three months ended For the nine months ended
September 30, September 30,
------------------------------ ------------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Numerator:
Numerator for basic and diluted loss per share -
Loss before extraordinary expense $ (1,635,564) $ (1,297,620) $ (8,835,637) $ (2,902,395)
Extraordinary expense -- (318,023) -- (318,023)
------------ ------------ ------------ ------------
Net loss $ (1,635,564) $ (1,615,643) $ (8,835,637) $ (3,220,418)
============ ============ ============ ============
Denominator:
Denominator for basic loss per share -
Weighted average shares 80,687,459 54,512,750 78,654,882 49,565,500
Effect of dilutive securities:
Stock options and warrants -- -- -- --
Dilutive potential common shares -- -- -- --
------------ ------------ ------------ ------------
Denominator for diluted earnings per share -
adjusted weighted average shares and assumed
conversions 80,687,459 54,512,750 78,654,882 49,565,500
============ ============ ============ ============
BASIC LOSS PER SHARE $ (0.0203) $ (0.0296) $ (0.1123) $ (0.0650)
============ ============ ============ ============
DILUTED LOSS PER SHARE $ (0.0203) $ (0.0296) $ (0.1123) $ (0.0650)
============ ============ ============ ============
</TABLE>
As MigraTEC incurred a net loss for the three and nine months ended September
30, 2000 and 1999, there were no adjustments for potentially dilutive securities
as the adjustments would have been anti-dilutive.
