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EXHIBIT NO. 11
ROTARY POWER INTERNATIONAL, INC. AND SUBSIDIARY
COMPUTATION OF INCOME (LOSS) PER COMMON SHARE
(UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND 1999
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<CAPTION>
Six Months Ended June 30th
2000 1999
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<S> <C> <C>
BASIC
Shares outstanding, beginning of period 6,212,855 6,112,855
Weighted average number of shares issued,
retired and issuable share equivalents 460,998 33,333
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Weighted average number of common and common equivalents
shares outstanding 6,673,853 6,146,188
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Net loss $ (918,882) $ (623,261)
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Net loss per common share $ (0.14) $ (0.10)
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DILUTED
Weighted average number of common and
common equivalent shares outstanding as
adjusted to full dilution 7,570,556 6,946,188
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Net loss $ (918,882) $ (623,261)
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Net loss per common share (0.12)* $ (0.09)*
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* These calculations are submitted in accordance with SEC requirements, although
they are not in accordance with APB Opinion No. 15 because they are
anti-dilutive.