Form: S-1/A

General form for registration of securities under the Securities Act of 1933

August 25, 1997

Documents

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

Published on August 25, 1997



EXHIBIT 11.1

SCM Microsystems, Inc. and Subsidiaries
Statement Regarding Computation of Net Income Per Share
(in thousands, except per share data)




Six month
Year ended, period ended,
December 31, 1996 June 30, 1997
----------------- --------------

Net loss $(1,110) $ (410)

Accretion on redeemable convertible preferred stock (287) (478)
Interest expense on convertible notes payable 96 --
------- ------
Net loss used in earnings per share calculation $(1,301) $ (888)
------- ------

Weighted average common shares outstanding 1,280 1,665

Weighted average convertible preferred stock and notes payable 2,631 3,992

Staff Accounting Bulletin No. 83 issuances and grants(1) 1,361 1,361
------- ------

Shares used to compute pro forma net loss per share 5,272 7,018
------- ------

Pro forma net loss per share $ (0.25) $(0.13)
------- ------


(1) Pursuant to Securities and Exchange Commission Staff Accounting Bulletin No.
83, common stock, convertible preferred stock and convertible notes payable
issued for consideration below the assumed initial public offering (IPO) price,
and stock options and warrants granted with exercise prices below the IPO price
during the 12-month period preceding the date of the initial filing of the
Registration Statement, have been included in the calculation of common
equivalent shares, using the treasury stock method, as if they were outstanding
for all periods presented.