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EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE DATA
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<CAPTION>
YEARS ENDED MARCH 31,
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2000 1999 1998
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<S> <C> <C> <C>
Net earnings (loss) $ (570,733) $(7,497,657) $5,466,225
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Per share data:
Basic earnings (loss) per share $ (0.13) $ (1.79) $ 1.37
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Dilutive earnings (loss) per share $ (0.13) $ (1.79) $ 1.36
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Net earnings (loss) per share $ (0.13) $ (1.79) $ 1.36
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Shares used in the calculation of per share amounts:
Basic common shares 4,400,210 4,178,840 4,000,210
Dilutive impact of stock options -- -- 25,329
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Diluted common shares 4,400,210 4,178,840 4,025,539
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Diluted earnings per share of Common Stock includes the impact of
outstanding dilutive stock options for the year ended March 31, 1998.
There were no dilutive options during the years ended March 31, 2000 and
1999.