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Exhibit 11
ENVIRONMENTAL ELEMENTS CORPORATION
STATEMENT REGARDING COMPUTATION OF INCOME PER SHARE
FOR THE YEARS ENDED MARCH 31, 2000, 1999, AND 1998
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BASIC: 2000 1999 1998
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<S> <C> <C> <C>
Weighted average number of common shares........ 7,098,728 7,053,446 6,989,739
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DILUTED:
Weighted average number of common shares........ 7,098,728 7,053,446 6,989,739
Dilutive effect of common stock equivalents:
Stock options................................ --- 138,097 108,583
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Weighted average number of common equivalent
shares outstanding............................. 7,098,728 7,191,543 7,098,322
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