EXHIBIT 11
CYTOCLONAL PHARMACEUTICS INC.
COMPUTATION OF NET (LOSS) PER COMMON SHARE
(unaudited)
THREE MONTHS SIX MONTHS
ENDED JUNE 30, ENDED JUNE 30,
------------------------------ ------------------------------
1999 1998 1999 1998
------------ ------------ ------------ ------------
Net (loss) $ (827,000) $ (169,000) $ (1,912,000) $ (959,000)
Add cumulative preferred dividend (45,000) (51,000) (89,000) (103,000)
------------ ------------ ------------ ------------
NET (LOSS) USED FOR COMPUTATION $ (872,000) $ (220,000) $ (2,001,000) $ (1,062,000)
Weighted average number of common shares
outstanding--basic and diluted 10,342,000 9,727,000 10,305,000 9,286,000
------------ ------------
Net (loss) per common share--basic and
diluted $ (0.08) $ (0.02) $ (0.19) $ (0.11)
9