**EXHIBIT11.1**

 

**ENCHIRABIOTECHNOLOGY CORPORATION**

**BASICAND DILUTED EARNINGS PER SHARE COMPUTATION**

**YEARENDED DECEMBER 31, 1999**

** **
| **Weighted Average Shares Outstanding**:                         |
|------------------------------------------------------------------|
| **TOTAL  SHARES**                                                |   |   |   | **# DAYS  OUTSTANDING** |   |   | ** ** |   |   |   |   |   |   |
| 2,179,124                                                        |   | x |   | 19 |   | = |   | 41,403,356 |   |   |   |   |   |
| 2,179,713                                                        |   | x |   | 30 |   | = |   | 65,391,390 |   |   |   |   |   |
| 2,180,358                                                        |   | x |   | 20 |   | = |   | 43,607,160 |   |   |   |   |   |
| 2,180,691                                                        |   | x |   | 54 |   | = |   | 117,757,314 |   |   |   |   |   |
| 2,182,661                                                        |   | x |   | 3 |   | = |   | 6,547,983 |   |   |   |   |   |
| 2,315,663                                                        |   | x |   | 13 |   | = |   | 30,103,619 |   |   |   |   |   |
| 2,328,667                                                        |   | x |   | 7 |   | = |   | 16,300,669 |   |   |   |   |   |
| 2,355,070                                                        |   | x |   | 15 |   | = |   | 35,326,050 |   |   |   |   |   |
| 6,150,401                                                        |   | x |   | 11 |   | = |   | 67,654,411 |   |   |   |   |   |
| 6,569,890                                                        |   | x |   | 178 |   | = |   | 1,169,440,420 |   |   |   |   |   |
| 6,572,135                                                        |   | x |   | 15 |   | = |   | 98,582,025 |   |   |   |   |   |
|                                                             |   |   |   | 365 |   |   |   | 1,692,114,397 |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   | 1,692,114,397 | /365 | = |   | 4,635,930 |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss Per Share:                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss plus  dividend accrual plus accretion of offering costs |   |   |   |   |   |   | $ | (8,259,546 | )  | = |   | $ | (1.78 | ) |
| Weighted Avg.  Shares                                            |   |   |   |   |   |   | 4,635,930 |   |   |   |   |   |
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

 

 

1

----

 

**ENCHIRABIOTECHNOLOGY CORPORATION**

**BASICAND DILUTED EARNINGS PER SHARE COMPUTATION**

**YEARENDED DECEMBER 31, 2000**

 

 
| **Weighted Average Shares Outstanding:**                        |
|-----------------------------------------------------------------|
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| **TOTAL  SHARES**                                               |   |   | **# DAYS  OUTSTANDING** |   |   |   |   |   |   |   |   |   |
|                                                            |
| 6,572,135                                                       |   | x | 3 |   | = |   | 19,716,405 |   |   |   |   |   |
| 6,574,135                                                       |   | x | 7 |   | = |   | 46,018,945 |   |   |   |   |   |
| 6,576,135                                                       |   | x | 15 |   | = |   | 98,642,025 |   |   |   |   |   |
| 6,578,135                                                       |   | x | 14 |   | = |   | 92,093,890 |   |   |   |   |   |
| 6,591,135                                                       |   | x | 1 |   | = |   | 6,591,135 |   |   |   |   |   |
| 6,596,135                                                       |   | x | 6 |   | = |   | 39,576,810 |   |   |   |   |   |
| 6,624,189                                                       |   | x | 8 |   | = |   | 52,993,512 |   |   |   |   |   |
| 6,629,189                                                       |   | x | 1 |   | = |   | 6,629,189 |   |   |   |   |   |
| 6,691,762                                                       |   | x | 6 |   | = |   | 40,150,572 |   |   |   |   |   |
| 6,706,762                                                       |   | x | 1 |   | = |   | 6,706,762 |   |   |   |   |   |
| 6,723,424                                                       |   | x | 3 |   | = |   | 20,170,272 |   |   |   |   |   |
| 6,734,224                                                       |   | x | 14 |   | = |   | 94,279,136 |   |   |   |   |   |
| 6,734,917                                                       |   | x | 4 |   | = |   | 26,939,668 |   |   |   |   |   |
| 6,772,512                                                       |   | x | 6 |   | = |   | 40,635,072 |   |   |   |   |   |
| 7,016,029                                                       |   | x | 7 |   | = |   | 49,112,203 |   |   |   |   |   |
| 7,018,059                                                       |   | x | 4 |   | = |   | 28,072,236 |   |   |   |   |   |
| 7,020,039                                                       |   | x | 17 |   | = |   | 119,340,663 |   |   |   |   |   |
| 7,020,342                                                       |   | x | 5 |   | = |   | 35,101,710 |   |   |   |   |   |
| 7,021,002                                                       |   | x | 20 |   | = |   | 140,420,040 |   |   |   |   |   |
| 7,034,921                                                       |   | x | 46 |   | = |   | 323,606,366 |   |   |   |   |   |
| 7,042,398                                                       |   | x | 17 |   | = |   | 119,720,766 |   |   |   |   |   |
| 7,054,860                                                       |   | x | 46 |   | = |   | 324,523,560 |   |   |   |   |   |
| 9,054,860                                                       |   | x | 45 |   | = |   | 407,468,700 |   |   |   |   |   |
| 9,055,285                                                       |   | x | 22 |   | = |   | 199,216,270 |   |   |   |   |   |
| 9,056,285                                                       |   | x | 9 |   | = |   | 81,506,565 |   |   |   |   |   |
| 9,067,075                                                       |   | x | 20 |   | = |   | 181,341,500 |   |   |   |   |   |
| 9,067,700                                                       |   | x | 19 |   | = |   | 172,286,300 |   |   |   |   |   |
|                                                            |   |   | 366 |   | = |   | 2,772,860,272 |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   | 2,772,860,272 | / 366 | = |   | 7,576,121 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss Per Share:                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss plus dividend accrual plus accretion of offering costs |   |   |   |   |   |   | $ |  (8,336,096 | ) | = |   | $ |    (1.10 | ) |
| Weighted Avg. Shares                                            |   |   |   |   |   |   | 7,576,121 |   |   |   |   |   |
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

 

 

2

----

 

**ENCHIRABIOTECHNOLOGY CORPORATION**

**BASICAND DILUTED EARNINGS PER SHARE COMPUTATION**

**YEARENDED DECEMBER 31, 2001**

** **

 
| **Weighted  Average Shares Outstanding:**                       |   |   |   |                   |   |   |          |       |   |   |      |
|-----------------------------------------------------------------|--------|--------|--------|------------------------|--------|--------|---------------|------------|--------|--------|-----------|
|                                                            |   |   |   |                   |   |   |          |       |   |   |      |   |
| **TOTAL  SHARES**                                               |   |   |   | **# DAYS OUTSTANDING** |   |   |          |       |   |   |      |   |
| 9,067,700                                                       |   | x      |   | 5                      |   | =      | 45,338,500    |       |   |   |      |   |
| 9,077,338                                                       |   | x      |   | 2                      |   | =      | 18,154,676    |       |   |   |      |   |
| 9,078,463                                                       |   | x      |   | 10                     |   | =      | 90,784,630    |       |   |   |      |   |
| 9,078,888                                                       |   | x      |   | 22                     |   |   | 199,735,536   |       |   |   |      |   |
| 9,079,313                                                       |   | x      |   | 53                     |   | =      | 481,203,589   |       |   |   |      |   |
| 9,267,993                                                       |   | x      |   | 45                     |   | =      | 417,059,685   |       |   |   |      |   |
| 9,278,711                                                       |   | x      |   | 82                     |   | =      | 760,854,302   |       |   |   |      |   |
| 9,280,821                                                       |   | x      |   | 37                     |   | =      | 343,390,377   |       |   |   |      |   |
| 10,170,739                                                      |   | x      |   | 17                     |   | =      | 172,902,563   |       |   |   |      |   |
| 10,207,890                                                      |   | x      |   | 23                     |   | =      | 234,781,470   |       |   |   |      |   |
| 10,231,756                                                      |   | x      |   | 28                     |   | =      | 286,489,168   |       |   |   |      |   |
| 10,360,026                                                      |   | x      |   | 14                     |   | =      | 145,040,364   |       |   |   |      |   |
| 10,837,354                                                      |   | x      |   | 10                     |   | =      | 108,373,540   |       |   |   |      |   |
| 10,843,320                                                      |   | x      |   | 17                     |   | =      | 184,336,440   |       |   |   |      |   |
|                                                            |   |   |   | 365                    |   |   | 3,488,444,840 |       |   |   |      |   |
|                                                            |   |   |   |                   |   |   |          |       |   |   |      |   |
|                                                            |   |   |   |                   |   |   | 3,488,444,840 | /365       | =      |   | 9,557,383 |   |
|                                                            |   |   |   |                   |   |   |          |       |   |   |      |   |
| Loss Per Share:                                                 |   |   |   |                   |   |   |          |       |   |   |      |   |
|                                                            |   |   |   |                   |   |   |          |       |   |   |      |   |
| Net Loss plus  dividend accrualplus accretion of offering costs |   |   |   |                   |   |   | $             | (9,027,019 | )      | =      |      | $ | (0.94 | ) |
| Weighted Avg.  Shares                                           |   |   |   |                   |   |   | 9,557,383     |       |   |   |      |   |
|                                                                 |        |        |        |                        |        |        |               |            |        |        |           |  |  |  |  |  |  |  |  |  |  |

 

 

3

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