Exhibit 11 Computation of Pro Forma Loss Per Share
Fiscal Year Ended Fiscal Year Ended December 31, 1996 December 31, 1995 ----------------- ----------------- Net Loss ($3,456,600) ($2,943,600) ============== ================= Shares utilized in computing pro forma loss per share: Weighted average shares 4,063,108 3,621,248 outstanding Common Stock equivalent 755,256 1,055,829 shares outstanding during the -------------- ----------------- period 4,818,364 4,677,077 ============== ================= Pro forma net loss per share ($0.72) ($0.63) ============== =================
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