<PAGE>

EXHIBIT (11)

STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (LOSS):

    (A)  Computation of the weighted average number of shares of common stock
         outstanding for the year ended September 30, 2001, 2000 and 1999:

<TABLE>
<CAPTION>
                                                                             WEIGHTED
                             SHARES OF    NUMBER OF DAYS    NUMBER OF     NUMBER OF SHARES
                           COMMON STOCK    OUTSTANDING      SHARE DAYS      OUTSTANDING
                           ------------   --------------  --------------  ----------------
<S>                        <C>            <C>             <C>             <C>
2001
----
October 1 - September 30     7,027,409         365         2,565,004,126
Shares Issued                   37,399       Various           9,275,766
                             ---------                     -------------
                             7,064,808                     2,574,279,892      7,052,822
                             =========                     =============      =========

2000
----
October 1 - September 30     6,926,125         366         2,534,962,023
Shares Issued                  101,284       Various          23,114,861
                             ---------                     -------------
                             7,027,409                     2,558,076,884      6,989,281
                             =========                     =============      =========

1999
----
October 1 - September 30     6,861,252         365         2,504,356,980
Treasury Stock Purchases        (4,119)      Various            (436,212)
Shares Issued                   68,992       Various           9,751,910
                             ---------                     -------------
                             6,926,125                     2,513,672,678      6,886,774
                             =========                     =============      =========
</TABLE>
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    (B)  Computation of Earnings (Loss) Per Share:

         Computation of earnings (loss) per share is net earnings (loss)
         divided by the weighted average number of shares of common stock
         outstanding for the years ended September 30,

<TABLE>
<CAPTION>
                                            2001         2000          1999
                                         ----------   ----------   -----------
<S>                                      <C>          <C>          <C>
Basic:
 Weighted average number of shares
  of common stock outstanding             7,052,822    6,989,281     6,886,774
                                         ----------   ----------   -----------

 Net earnings (loss)                     $  450,899   $  880,139   ($2,235,627)
                                         ----------   ----------   -----------

 Net earnings (loss) per share           $     0.06   $     0.13   ($     0.32)
                                         ==========   ==========   ===========

Assumuming dilution:
 Weighted average number of shares
  of common stock outstanding             7,052,822    6,989,281     6,886,774
 Net effect of dilutive stock
  options-not included if the
  effect was antidilutive                    40,135       31,349             0
                                         ----------   ----------   -----------
 Total                                    7,092,957    7,020,630     6,886,774
                                         ----------   ----------   -----------

 Net earnings (loss)                     $  450,899   $  880,139   ($2,235,627)
                                         ----------   ----------   -----------

 Net earnings (loss) per share           $     0.06   $     0.13   ($     0.32)
                                         ==========   ==========   ===========
</TABLE>