FORM 10-Q
EXHIBIT 11
HICKOK
INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
Three Months Ended |
Six Months Ended |
|
2015 |
2014 |
2015 |
2014 |
|
|
|
|
|
NET INCOME |
|
|
|
|
Net Income (loss) applicable to common shares for basic earnings per share |
$(276,663) |
$(297,655) |
$(547,319) |
$(617,942) |
|
|
|
|
|
Net Income (loss) applicable to common shares for diluted earnings per share |
$(276,663) |
$(297,655) |
$(547,319) |
$(617,942) |
|
|
|
|
|
SHARES OUTSTANDING |
|
|
|
|
Weighted average shares for basic earnings per share |
1,638,215 |
1,638,215 |
1,638,215 |
1,638,215 |
|
|
|
|
|
Net effect of dilutive stock options – based on the treasury stock method using year-end market price, if higher than average market price |
-* |
-* |
-* |
-* |
|
|
|
|
|
Total shares for diluted earnings per share |
1,638,215 |
1,638,215 |
1,638,215 |
1,638,215 |
|
|
|
|
|
Basic Earnings Per Common Share |
$(.17) |
$(.18) |
$(.33) |
$(.38) |
|
|
|
|
|
Diluted Earnings Per Common Share |
$(.17) |
$(.18) |
$(.33) |
$(.38) |
|
|
|
|
|
* Net effect of stock
options was antidilutive for the period.