EXHIBIT 11
MANGOSOFT, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE COMPANY)
COMPUTATION OF NET LOSS PER COMMON SHARE
THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998
(UNAUDITED)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
----------------------
1999 1998
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<S> <C> <C>
BASIC NET PER COMMON SHARE:
Net loss applicable to common shares as reported ................. $(15,747,541) $ (3,434,533)
Weighted average number of common shares outstanding:
Common Stock .................................................. 5,288,353 136,949
------------- ------------
Basic net loss per common share ............................... $ (2.98) $ (25.08)
============ ============
DILUTED NET LOSS PER COMMON SHARE:
Net loss applicable to common shares as reported ................. $(15,747,541) $ (3,434,533)
Weighted average number of common shares outstanding:
Common Stock .................................................. 5,288,353 136,949
Effect of common stock equivalents ............................ -- --
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Total ......................................................... 5,288,353 136,949
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Diluted net loss per common share ............................. $ (2.98) $ (25.08)
============ ============
NINE MONTHS ENDED
----------------------
1999 1998
-------- --------
BASIC NET LOSS PER COMMON SHARE:
Net loss applicable to common shares as reported ................. $(20,890,449) $(12,238,100)
Weighted average number of common shares outstanding:
Common Stock .................................................. 1,872,953 136,049
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Basic net loss per common share ............................... $ (11.15) $ (89.95)
============ ============
DILUTED NET LOSS PER COMMON SHARE:
Net loss applicable to common shares as reported ............ (20,890,449) $(12,238,100)
Weighted average number of common shares outstanding:
Common Stock ............................................. 1,872,953 136,909
Effect of common stock equivalents ....................... -- --
------------- ------------
Total .................................................... 1,872,449 136,949
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Diluted net loss per common share ........................ $ (11.15) $ (89.95)
============ ============
</TABLE>
