<PAGE>

Exhibit 11.1

<TABLE>
<S>                  <C>          <C>    <C>            <C>
                                         -------------
Beginning Balance                           51,769,238
                                         -------------
    # of shares       Date        Days     Weighted Av
  ----------------------------------------------------
         10,000       4-Jan         4           9,854
         10,000       4-Jan         4           9,854
        200,000       6-JAN         6         195,620
            500       6-Jan         6             489
         15,000       6-Jan         6          14,672
          2,000       7-Jan         7           1,949
          2,000       7-Jan         7           1,949
          2,500       7-Jan         7           2,436
          3,000      10-Jan        10           2,891
          7,500      10-Jan        10           7,226
         10,000      10-Jan        10           9,635
         25,000      10-Jan        10          24,088
         42,100      11-Jan        11          40,410
         25,300      12-Jan        12          24,192
          3,500      13-Jan        13           3,334
         60,000      13-Jan        13          57,153
        106,060      13-JAN        13         101,028
          7,600      14-Jan        14           7,212
        600,000      14-JAN        14         569,343
         25,000      17-Jan        17          23,449
          5,000      18-Jan        18           4,672
         16,000      19-Jan        19          14,891
         10,000      19-Jan        19           9,307
          6,000      19-Jan        19           5,584
         35,500      19-Jan        19          33,038
         25,000      19-Jan        19          23,266
        256,502      20-JAN        20         237,779
         15,266      20-JAN        20          14,152
         10,000      21-Jan        21           9,234
         30,000      21-Jan        21          27,701
      2,500,000      21-Jan        21       2,308,394
         10,000      24-Jan        24           9,124
             -       24-Jan        24              -
         13,000      24-Jan        24          11,861
         75,000      24-Jan        24          68,431
         62,500      24-JAN        24          57,026
          6,000      26-JAN        26           5,431
        122,054      26-JAN        26         110,472
         62,500      26-JAN        26          56,569
         20,000      27-Jan        27          18,029
        100,000      31-JAN        31          88,636
        105,105      31-JAN        31          93,214
         98,461      31-JAN        31          87,321
         62,500      31-JAN        31          55,429
        124,117      31-JAN        31         110,075
        182,927      31-JAN        31         162,231
            500      31-Jan        31             443
         62,500       3-FEB        34          54,745
         62,500       3-FEB        34          54,745
         76,220       3-FEB        34          56,762
             -        3-Feb        34              -
        110,488       4-FEB        35          96,375
         54,589       7-FEB        38          47,018
            500       8-Feb        39             429
          4,000      18-Feb        49           3,285
         70,000      21-Feb        52          56,715
        110,000      21-FEB        52          89,124
         27,175      21-FEB        52          22,018
          1,000      22-Feb        53             807
         25,000       6-Mar        66          18,978
          1,000      15-Mar        75             726
         50,000      15-Mar        75          38,314
        200,000      20-Mar        80         141,606
         12,200      21-Mar        81           8,593
            100      23-Mar        83              70
         10,000      23-Mar        83           6,971
         16,483      27-Mar        87          11,238
         12,800      29-Mar        89           8,642
------------------------------------------------------
TOTAL MARCH2000                            57,223,537
------------------------------------------------------
------------------------------------------------------

         15,000       Apr6/00      97           9,690
        500,000       Apr7/00      98         321,168
       (500,000)      Apr7/00      98        (321,168)
        500,000       Apr7/00      98         321,168
      1,084,000       Apr13/00    104         672,555
          9,146       Apr17/00    108           5,541
          6,250       Apr19/00    110           3,741
         10,000       Apr19/00    110           5,985
         10,000       Apr20/00    111           5,949
         10,000       Apr20/00    111           5,949
         10,000       Apr27/00    118           5,693
        (10,000)      Apr27/00    118          (5,693)
         40,000       May1/00     122          22,190
        141,688       May2/00     123          78,071
          1,000       May9/00     130             526
          5,798       May16/00    137           2,899
         15,000       May16/00    137           7,500
          9,146       May16/00    137           4,573
            500       May17/00    138             248
        141,687       May30/00    151          63,595
          1,000       May31/00    152             445
          2,000       June1/00    153             683
          1,000       June5/00    157             427
            500       June6/00    158             212
            500       June6/00    158             212
            500       June6/00    158             212
            500       June6/00    158             212
         40,000       June15/00   167          15,820
        106,250       June22/00   174          38,777
------------------------------------------------------
TOTAL M June30/00                       58,490,716.07
------------------------------------------------------
------------------------------------------------------

         15,000       July14/00   196           4,270
         10,000       July14/00   196           2,847
          5,000       Sept14/00   227             858
        100,000       Aug29/00    242          11,679
         35,625       Aug15/00    229           5,851
     100,000.00       Sept7/00    251           8,394
      31,250.00       Sept12/00   256           2,053
      77,727.00       Sept13/00   257           4,822
      31,250.00       Sept14/00   258           1,825
------------------------------------------------------
TOTAL M Sept30/00                          57,502,937
------------------------------------------------------
------------------------------------------------------

                                        Net Loss        -23,073,263
                                        Loss per share        -0.40
                                        --------------
</TABLE>