Exhibit 11
HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND SHARE EQUIVALENTS
Three Months Ended December 31, | Fiscal Years Ended September 30, | |||||||||||||||||||
2017 | 2016 | 2017 | 2016 | 2015 | ||||||||||||||||
(unaudited) | ||||||||||||||||||||
NET INCOME | ||||||||||||||||||||
Net income (loss) applicable to common shares for basic earnings per share | $ | 510,261 | $ | (313,706 | ) | $ | 1,408,396 | $ | 4,632,848 | $ | (122,377 | ) | ||||||||
Net Income (loss) applicable to common shares for diluted earnings per share | $ | 510,261 | $ | (313,706 | ) | $ | 1,408,396 | $ | 4,632,848 | $ | (122,377 | ) | ||||||||
SHARES OUTSTANDING | ||||||||||||||||||||
Weighted average shares for basic earnings per share | 2,888,502 | 2,853,107 | 2,874,926 | 1,943,625 | 1,638,215 | |||||||||||||||
Net effect of dilutive options available under convertible note - based on the treasury stock method using year-end market price, if higher than average market price | 367,510 | 48,477 | 194,151 | 16,496 | - | |||||||||||||||
Total shares for diluted earnings per share | 2,256,012 | 2,901,584 | 3,069,077 | 1,960,121 | 1,638,215 | |||||||||||||||
Basic Earnings Per Common Share | $ | 0.18 | $ | (0.11 | ) | $ | 0.49 | $ | 2.38 | $ | (0.07 | ) | ||||||||
Diluted Earnings Per Common Share | $ | 0.16 | $ | (0.11 | ) | $ | 0.46 | $ | 2.36 | $ | (0.07 | ) |