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Previous: CAPITOL COMMUNITIES CORP, 10KSB, 2001-01-16 |
Next: CAPITOL COMMUNITIES CORP, 10KSB, EX-23, 2001-01-16 |
<PAGE>
EXHIBIT 11
Statement of Computation of Earnings Per Share
<TABLE>
<CAPTION>
Twelve Months Ended
September 30,
2000 1999
------------ ------------
<S> <C> <C>
Shares Outstanding Beginning of Period 4,090,361 6,924,500
Shares Issued During Period:
October 1, 1998 60,000
December 15, 1998 (32,305)
December 15, 1998 20,000
February 23, 1999 (66,667)
June 14, 1999 (2,839,689)
June 28, 1999 24,522
March 6, 2000 140,000
------------ ------------
Total Outstanding 4,230,361 4,090,361
Weighted average number of shares outstanding 4,181,348 6,100,537
Shares deemed outstanding from assumed
exercise of stock options - -
------------ ------------
Total 4,181,348 6,100,537
============ ============
Earnings (loss) applicable to common shares $(2,376,488) $(1,022,694)
============ ============
Earnings (loss) per share of common stock $ (0.568) $ (0.168)
============ ============
</TABLE>
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