EXHIBIT 11



STATEMENT REGARDING COMPUTATION

OF PER
SHARE EARNINGS



|                                             |  |   |           |  |   |  |                |        |          
|-------------------------------------------- |  | - | --------- |  | - |  | -------------- | ------ | ---------
|                                             |  |   |           |  |   |  |                | SHARES
|For the three months ended March 31, 2005    |  |   |           |  |   |  |                |        |          
|                                             |  |   |           | 
|Basic Shares outstanding at March 31, 2005   |  |   |           |  |   |  |                |        | 1,762,447
|                                             |  |   |           |  |   |  |                |        |          
|                                             |  |   |           | 
|Net income after tax                         |  | $ | 98,899    |  | = |  | $.06 per share |        |          
|                                             |  |   |           |  |   |  |                |        |          
|Basic Shares outstanding                     |  |   | 1,762,447 |  |   |  |                |        |          
|                                             |  |   |           | 
|For the nine months ended March 31, 2005     |  |   |           |  |   |  |                |        |          
|                                             |  |   |           | 
|Basic Shares outstanding at March 31, 2005   |  |   |           |  |   |  |                |        | 1,762,447
|                                             |  |   |           |  |   |  |                |        |          
|                                             |  |   |           | 
|Net income after tax                         |  | $ | 72,381    |  | = |  | $.04 per share |        |          
|                                             |  |   |           |  |   |  |                |        |          
|Basic Shares outstanding                     |  |   | 1,762,447 |  |   |  |                |        |          
|                                             |  |   |           | 
|For the three months ended March 31, 2005    |  |   |           |  |   |  |                |        |          
|                                             |  |   |           | 
|Diluted Shares outstanding at March 31, 2005 |  |   |           |  |   |  |                |        | 1,835,226
|                                             |  |   |           |  |   |  |                |        |          
|                                             |  |   |           | 
|Net income after tax                         |  | $ | 98,899    |  | = |  | $.05 per share |        |          
|                                             |  |   |           |  |   |  |                |        |          
|Diluted Shares outstanding                   |  |   | 1,835,226 |  |   |  |                |        |          
|                                             |  |   |           | 
|For the nine months ended March 31, 2005     |  |   |           |  |   |  |                |        |          
|                                             |  |   |           | 
|Diluted Shares outstanding at March 31, 2005 |  |   |           |  |   |  |                |        | 1,835,226
|                                             |  |   |           |  |   |  |                |        |          
|                                             |  |   |           | 
|Net income after tax                         |  | $ | 72,381    |  | = |  | $.04 per share |        |          
|                                             |  |   |           |  |   |  |                |        |          
|Diluted Shares outstanding                   |  |   | 1,835,226 |  |   |  |                |        |          



Note: Basic earnings per share is
computed as earnings divided by weighted average basic shares outstanding. Diluted Shares outstanding includes the difference between 105,501 stock options outstanding less 32,722 shares that could be purchased using the option exercise proceeds
should all stock options be exercised. When a loss occurs, Diluted (loss) per share and Basic (loss) per share are the same.



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