Exhibit 11

                        COMPUTATION OF NET LOSS PER SHARE

                                                     Year Ended December 31,
                                                     -----------------------
                                                      1999             1998
                                                      ----             ----
NET LOSS PER SHARE

  Loss from Operations applicable to Common Stock    $(1,238,028)   $(1,915,461)
                                                    ============   ============
  Weighted Average Common Shares Outstanding           3,894,045      3,728,594
                                                    ------------   ------------
Net Loss Per Share                                       $ (0.32)       $ (0.51)
                                                    ============   ============

NET LOSS PER SHARE - ASSUMING DILUTION

  Loss from Operations applicable to Common Stock    $(1,238,028)   $(1,915,461)
                                                    ============   ============
  Weighted Average Common Shares Outstanding           3,894,045      3,728,594
  Add:  (A)  Assumed Conversion of Preferred Stock       125,589              -
           (B)  Assumed Exercise of Stock Options         79,796        119,737
           (C)  Assumed Exercise of Warrants              16,069         42,745
                                                    ------------   ------------
  Weighted Average Common Shares

         Outstanding - Assuming Dilution               4,115,499      3,891,076
                                                    ============   ============
Net Loss Per Share - Assuming Dilution                   $ (0.30)       $ (0.49)
                                                    ============   ============

NOTE:

The calculation  for Net Loss Per Common Share - Assuming  Dilution is submitted
in accordance with Securities Exchange Act of 1934 Release No. 9083 although not
required by Financial  Accounting  Standards  Board No. 128 "Earnings Per Share"
("FASB 128") since the results are anti-dilutive.

(A) - For the dilutive  options (i.e.,  the average market price is greater than
the exercise price),  assume that options are exercised and proceeds realized as
indicated  below.  Next, using the treasury stock method with the average market
price per share during each period and the total shares assumed to be reacquired
as  of  the  beginning  of  each  period,  the  additional  shares  included  as
outstanding are indicated below.

                                                  Year Ended December 31,
                                                  -----------------------
                                                   1999                 1998
                                                   ----                 ----
  Options assumed exercised                       247,550              179,550
  Proceeds assumed realized                     $ 243,243            $ 334,353
  Shares assumed reacquired:
  - During 1999 ($243,243/$1.45)                  167,754
  - During 1998 ($334,353/$5.59)                                        59,813
  Net additional shares assumed outstanding        79,796              119,737

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(B) - For the dilutive  warrants (i.e., the average market price is greater than
the exercise price), assume that warrants are exercised and proceeds realized as
indicated  below.  Next, using the treasury stock method with the average market
price per share during each period and the total shares assumed to be reacquired
as  of  the  beginning  of  each  period,  the  additional  shares  included  as
outstanding are indicated below.

                                                  Year Ended December 31,
                                                  -----------------------
                                                     1999          1998
                                                     ----          ----
  Warrants assumed exercised                        60,000        115,661
  Proceeds assumed realized                       $ 63,700       $407,600
  Shares assumed reacquired:
  - During 1999 ($63,700/$1.45)                     43,931
  - During 1998 ($407,600/$5.59)                                   72,916
  Net additional shares assumed outstanding         16,069         42,745