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EXHIBIT 11.1
STATEMENT REGARDING COMPUTATION OF NET LOSS PER SHARE
THREE MONTHS ENDED SEPTEMBER 30, 2000
<TABLE>
<CAPTION>
Net Loss Weighted Average Shares Outstanding Loss per Share
-------- ----------------------------------- --------------
<S> <C> <C> <C>
Basic $1,293,890 divided by 11,316,069 = $0.11
Diluted $1,293,890 divided by 11,316,069 = $0.11
</TABLE>
NINE MONTHS ENDED SEPTEMBER 30, 2000
<TABLE>
<CAPTION>
Net Loss Weighted Average Shares Outstanding Loss per Share
-------- ----------------------------------- --------------
<S> <C> <C> <C>
Basic $4,234,189 divided by 11,297,850 = $0.37
Diluted $4,234,189 divided by 11,297,850 = $0.37
</TABLE>
