FORM 10-QSB
EXHIBIT 11
HICKOK
INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
|
Three Months Ended |
Six Months Ended |
|
|
2007 |
2006 |
2007 |
2006 |
|
|
|
|
|
|
|
NET INCOME |
|
|
|
|
|
Net Income <loss> applicable to common shares for basic earnings per share |
$<741,416> |
$<105,972> |
$<1,132,160> |
$<1,469> |
|
|
|
|
|
|
|
Net Income <loss> applicable to common shares for diluted earnings per share |
$<741,416> |
$<105,972> |
$<1,132,160> |
$<1,469> |
|
|
|
|
|
|
|
SHARES OUTSTANDING |
|
|
|
|
|
Weighted average shares for basic earnings per share |
1,211,245 |
1,211,245 |
1,211,245 |
1,211,245 |
|
|
|
|
|
|
|
Net effect of diluted stock options – based on the treasury stock method using year-end market price, if higher than average market price |
-* |
-* |
-* |
-* |
|
|
|
|
|
|
|
Total shares for diluted earnings per share |
1,211,245 |
1,211,245 |
1,211,245 |
1,211,245 |
|
|
|
|
|
|
|
Basic Earnings Per Common Share |
$ <.61> |
$ <.09> |
$ <.93> |
$ <.00> |
|
|
|
|
|
|
|
Diluted Earnings Per Common Share |
$ <.61> |
$ <.09> |
$ <.93> |
$ <.00> |
|
|
|
|
|
|
* Net effect of stock options
was antidilutive for the period.