EXHIBIT 11 Calculation of Weighted Average Shares Outstanding for Net Income Per Share Three Months Ended March 31, 2000 2001 -------------- -------------- Earnings: Net Income ................................................................ $ 193,889 $ 155,483 ============= ============== Shares: Weighted Average Number of Common Shares Outstanding............................................................. 9,240,861 10,279,780 ------------- -------------- Average Common Shares Outstanding and Equivalents.......................... 9,547,893 10,514,364 ============= ============== Net Income Per Share-Basic................................................. $ 0.02 $ 0.02 ============= ============== Net Income Per Share-Diluted............................................... $ 0.02 $ 0.01 ============= ==============