Exhibit 11
Apple Homes Corporation
Earnings per share calculation
June 30, 2000
Basic EPS:
Income available to common stockholders (178,384)
Weighted average # of shares outstanding 2,101,367
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Basic EPS (0.085)
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Diluted EPS:
Income available to common stockholders (178,384)
Adjusted for 10% interest charge on
convertible debentures 10,313
Adjusted for income tax effect @ 40.00% (4,125)
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Diluted income available to common stockholders (172,196)
Diluted weighted average # of shares outstanding 2,309,867
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Diluted EPS (0.075)
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ANTIDILUTIVE