nStor Technologies, Inc.Exhibit 11Statement Regarding Computation of Per Share EarningsFor the Years Ended December 31, 2004, 2003 and 2002

Weighted Average Common Shares Considered Outstanding:
|                                                                                                                                           |       |              |       |       |       | Outstanding Common Shares |       |       | Weighted Average Shares |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|--------------|--------------------------------|--------------------------------|--------------------------------|---------------------------|--------------------------------|--------------------------------|-------------------------|
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |
|                                                                                                                                           | 2004 Period                    |              |                                |                                |                                |                           |                                |                                |                         |  |  |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |  |  |
| January 1, 2004 – March 15, 2004                                                                                                    |                                |              |                                |                                |                                | 165,067,838               |                                |                                |                         | 33,825,377 |
| March 16, 2004 – May 20, 2004                                                                                                       |                                |              |                                |                                |                                | 165,077,838               |                                |                                |                         | 29,768,135 |
| May 21, 2004 – December 31, 2004                                                                                                    |                                |              |                                |                                |                                | 165,097,838               |                                |                                |                         | 101,494,572 |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         | 165,088,084 |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
| Loss from continuing operations                                                                                                           |                                | ($7,309,000) |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
| Loss from discontinued operations                                                                                                         |                                | ($2,526,000) |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
| Basic and diluted net loss per common share:                                                                                              |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|      Loss from continuing operations                                                                             |                                | ($.04)       |                                |                                |                                |                           |                                |                                |                         |  |
|      Loss from discontinued operations                                                                           |                                | (.02)        |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                | ($.06)       |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                      |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           | 2003 Period                    |              |                                |                                |                                |                           |                                |                                |                         |  |  |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |  |  |
| January 1, 2003 – March 27, 2003                                                                                                    |                                |              |                                |                                |                                | 142,076,947               |                                |                                |                         | 33,475,664 |
| March 28, 2003 – May 31, 2003                                                                                                       |                                |              |                                |                                |                                | 153,091,995               |                                |                                |                         | 27,262,958 |
| June 1, 2003 – June 12, 2003                                                                                                        |                                |              |                                |                                |                                | 153,391,995               |                                |                                |                         | 5,043,024 |
| June 13,2003 – July 30, 2003                                                                                                        |                                |              |                                |                                |                                | 164,058,662               |                                |                                |                         | 21,574,838 |
| July 31, 2003 – September 10, 2003                                                                                                  |                                |              |                                |                                |                                | 164,188,793               | (a)                            |                                |                         | 18,883,551 |
| September 11, 2003 – September 11, 2003                                                                                             |                                |              |                                |                                |                                | 164,912,106               |                                |                                |                         | 451,814 |
| September 12, 2003 – December 31, 2003                                                                                              |                                |              |                                |                                |                                | 165,067,838               | (a)                            |                                |                         | 50,194,105 |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         | 156,885,954 |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                      |
| (a) The number of outstanding shares changed on several dates during the period; however, for simplicity, each change date is not listed. |
|                                                                                                                                      |                           |              |                           |                           |                           |                           |                           |                           |                    |  |
| Loss from continued operations                                                                                                            |                                | ($5,061,000) |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
| Loss from continued operations                                                                                                            |                                | ($927,000)   |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
| Basic and diluted net loss per common share:                                                                                              |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|      Loss from continued operations                                                                              |                                | ($.03)       |                                |                                |                                |                           |                                |                                |                         |  |
|      Loss from discontinued operations                                                                           |                                | (.01)        |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                | ($.04)       |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                      |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           | 2002 Period                    |              |                                |                                |                                |                           |                                |                                |                         |  |  |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |  |  |
| January 1, 2002 – January 22, 2002                                                                                                  |                                |              |                                |                                |                                | 114,603,144               |                                |                                |                         | 6,907,587 |
| January 23, 2002 – June 6, 2002                                                                                                     |                                |              |                                |                                |                                | 115,049,920               |                                |                                |                         | 42,552,710 |
| June 7, 2002 – October 7, 2002                                                                                                      |                                |              |                                |                                |                                | 137,549,920               |                                |                                |                         | 46,352,439 |
| October 8, 2002 – December 31, 2002                                                                                                 |                                |              |                                |                                |                                | 142,076,947               |                                |                                |                         | 33,086,412 |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         | 128,899,148 |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
| Loss from continuing operations                                                                                                           |                                | ($7,778,000) |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
| Loss from discontinued operations                                                                                                         |                                | ($206,000)   |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
| Basic and diluted net loss per common share:                                                                                              |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|      Loss from continued operations                                                                              |                                | ($.06)       |                                |                                |                                |                           |                                |                                |                         |  |
|      Loss from discontinued operations                                                                           |                                | --           |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                | ($.06)       |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
|                                                                                                                                           |                                |              |                                |                                |                                |                           |                                |                                |                         |  |
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