EXHIBIT 11 (Unaudited)
COMPUTATION OF NET EARNINGS PER SHARE
<TABLE>
<CAPTION>
BASIC DILUTED
THREE MONTHS ENDED THREE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
-------------------------------------------------
<S> <C> <C> <C> <C>
2000 1999 2000 1999
----- ------ ------ ------
Net income $2,334,160 $ 605,328 $2,334,160 $ 605,328
========= ========= ========= =========
Weighted average common
shares outstanding 5,925,045 5,957,470 5,925,045 5,957,470
========= =========
Weighted average common
share equivalents:
Options - - 633,406 776,670
--------- ---------
Weighted average common
shares and common share
equivalents 5,925,045 5,957,470 6,558,451 6,734,140
========= ========== ========= =========
Net income per share $ .39 $ .10 $ .36 $ .09
========= ========== ========= =========
</TABLE>
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