EXHIBIT 11
MANGOSOFT, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE
THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
(UNAUDITED)
<TABLE>
<CAPTION>
THREE MONTHS ENDED SEPTEMBER 30,
--------------------------------
2000 1999
------------ ------------
<S> <C> <C>
BASIC NET INCOME (LOSS) PER COMMON SHARE:
Net income (loss) applicable to common shares as
reported .............................................. $ 11,130,550 $(15,747,541)
Weighted average number of common shares outstanding:
Common Stock ....................................... 26,887,992 5,288,353
------------ ------------
Basic net income (loss) per common share ........... $ 0.41 $ (2.98)
============ ============
DILUTED NET INCOME (LOSS) PER COMMON SHARE:
Net income (loss) applicable to common shares as reported $ 11,130,550 $(15,747,541)
Weighted average number of common shares outstanding:
Common Stock ....................................... 26,887,992 5,288,353
Effect of common stock equivalents ................. 4,147,451 --
------------ ------------
Total ......................................... 31,035,443 5,288,353
------------ ------------
Diluted net income (loss) per common share ......... $ 0.36 $ (2.98)
============ ============
NINE MONTHS ENDED SEPTEMBER 30,
-------------------------------
2000 1999
------------ ------------
BASIC NET LOSS PER COMMON SHARE:
Net loss applicable to common shares as reported ........ $(15,672,298) $(20,890,449)
Weighted average number of common shares outstanding:
Common Stock ....................................... 24,411,792 1,872,956
------------ ------------
Basic net loss per common share .................... $ (0.64) $ (11.15)
============ ============
DILUTED NET LOSS PER COMMON SHARE:
Net loss applicable to common shares as reported ........ $(15,672,298) $(20,890,449)
Weighted average number of common shares outstanding:
Common Stock ....................................... 24,411,792 1,872,956
Effect of common stock equivalents ................. -- --
------------ ------------
Total ......................................... 24,411,792 1,872,956
============ ============
Diluted net loss per common share .................. $ (0.64) $ (11.15)
============ ============
</TABLE>
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