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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 six months ended
June 30, June 30,
--------------------------- -----------------------------
2000 1999 2000 1999
------------ ---------- ------------ ------------
<S> <C> <C> <C> <C>
Numerator:
Numerator for basic and diluted loss per share -
NET LOSS $ (2,974,983) $ (821,969) $ (7,200,073) $ (1,604,777)
============ ========== ============ ============
Denominator:
Denominator for basic loss per share -
Weighted average shares 79,922,566 48,838,776 77,394,364 47,050,875
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 79,922,566 48,838,776 77,394,364 47,050,875
============ ========== ============ ============
BASIC LOSS PER SHARE $ (0.037) $ (0.017) $ (0.093) $ (0.034)
============ ========== ============ ============
DILUTED LOSS PER SHARE $ (0.037) $ (0.017) $ (0.093) $ (0.034)
============ ========== ============ ============
</TABLE>
As MigraTEC incurred a net loss for the three and six months ended June 30, 2000
and 1999, there were no adjustments for potentially dilutive securities as the
adjustments would have been anti-dilutive.
