EXHIBIT 11.1

COMPUTATION OF EARNINGS PER COMMON SHARE

(Unaudited)

|                         |                                            |   |                      |           |                    |   |           |           |      |   |           |           |  |   |           |           | 
|------------------------ | ------------------------------------------ | - | -------------------- | --------- | ------------------ | - | --------- | --------- | ---- | - | --------- | --------- |  | - | --------- | --------- | 
|                         |                                            |   | For The Three Months |           | For The Six Months
|                         |                                            |   | Ended June 30,       |           | Ended June 30     
|                         |                                            |   |                      |           |                   
|                         |                                            |   | 2001                 |           | 2000               |   | 2001      |           | 2000
|                         |                                            |   |                      |           |                    |   |           |           |     
|NET INCOME               |                                            | $ | 44,842               |           |                    | $ | 29,887    |           |      | $ | 39,500    |           |  | $ | 78,328    |          
|                         |                                            |   |                      |           |                    |   |           |           |      |   |           |           |  |   |           |          
|WEIGHTED AVERAGE SHARES: |                                            |   |                      |           |                    |   |           |           |      |   |           |           |  |   |           |          
|                        
|                        
|                        
|                        
|                         | Common shares outstanding                  |   |                      | 7,705,607 |                    |   |           | 6,201,625 |      |   |           | 7,624,695 |  |   |           | 5,802,437 | 
|                        
|                        
|                        
|                        
|                         | Assumed conversion of options and warrants |   |                      | 177,946   |                    |   |           | 309,179   |      |   |           | 169,623   |  |   |           | 154,589   | 
|                         |                                            |   |                      |           |                    |   |           |           |      |   |           |           |  |   |           |          
|                         |                                            |   | 7,883,553            |           |                    |   | 6,510,804 |           |      |   | 7,794,318 |           |  |   | 5,957,026 |          
|                         |                                            |   |                      |           |                    |   |           |           |      |   |           |           |  |   |           |          
|INCOME PER COMMON SHARE: |                                            |   |                      |           |                    |   |           |           |      |   |           |           |  |   |           |          
|                        
|                        
|                        
|                        
|                         | Basic                                      |   | $                    | .01       |                    |   | $         |          |      |   | $         | .01       |  |   | $         | .01       | 
|                        
|                        
|                        
|                        
|                         | Diluted                                    |   | $                    | .01       |                    |   | $         |          |      |   | $         | .01       |  |   | $         | .01       | 

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