<PAGE>
EXHIBIT 11
MANGOSOFT, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE
THREE AND SIX MONTHS ENDED JUNE 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
THREE MONTHS ENDED JUNE 30,
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2000 1999
-------- --------
<S> <C> <C>
BASIC NET INCOME (LOSS) PER COMMON SHARE:
Net income (loss) applicable to common shares as reported $ 7,067,382 $(2,539,340)
Weighted average number of common shares outstanding:
Common Stock ....................................... 26,142,501 136,949
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Basic net income (loss) per common share ........... $ 0.27 $ (18.54)
=========== ===========
DILUTED NET INCOME (LOSS) PER COMMON SHARE:
Net income (loss) applicable to common shares as reported $ 7,067,382 $(2,539,340)
Weighted average number of common shares outstanding:
Common Stock ....................................... 26,142,501 136,949
Effect of common stock equivalents ................. 3,337,397 --
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Total ......................................... 29,479,898 136,949
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Diluted net income (loss) per common share ......... $ 0.24 $ (18.54)
=========== ===========
<CAPTION>
SIX MONTHS ENDED JUNE 30,
---------------------------
2000 1999
-------- --------
<S> <C> <C>
BASIC NET LOSS PER COMMON SHARE:
Net loss applicable to common shares as reported .... $(26,802,848) $ (5,142,908)
Weighted average number of common shares outstanding:
Common Stock ................................... 23,153,033 136,949
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Basic net loss per common share ................ $ (1.16) $ (37.55)
============ ============
DILUTED NET LOSS PER COMMON SHARE:
Net loss applicable to common shares as reported .... $(26,802,848) $ (5,142,908)
Weighted average number of common shares outstanding:
Common Stock ................................... 23,153,033 136,949
Effect of common stock equivalents ............. -- --
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Total ..................................... 23,153,033 136,949
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Diluted net loss per common share .............. $ (1.16) $ (37.55)
============ ============
</TABLE>
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