Ourpets (OPCO) 10-Q 2011 Q3 Quarterly report

Exhibit 11

OURPET'S COMPANY AND SUBSIDIARIES

 STATEMENT OF COMPUTATION OF NET INCOME PER SHARE

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
Net income	$	(285,055	)	$	34,837		$	273,329		$	589,995
Preferred Stock dividend requirements		(23,068	)		(27,393	)		(68,451	)		(77,415	)
Net income attributable to     common stockholders	$	(308,123	)	$	7,444		$	204,878		$	512,580
Weighted average number of common shares outstanding		15,737,314			15,579,374			15,733,380			15,458,405
Preferred Stock Common Share Equivalents		-			-			-			-
Dilutive Stock Options outstanding for the Period		688,798			847,982			761,825			791,403
Dilutive Warrants outstanding for the Period		1,188,496			1,722,329			1,480,825			1,438,011
Weighted average number of common and equivalent shares outstanding		17,614,608			18,149,685			17,976,030			17,687,819
Net income (loss) per common share	$	(0.02	)	$	-		$	0.01		$	0.03