Ourpets (OPCO) 10-K 2011 FY Annual report

	Exhibit 11
OURPET'S COMPANY AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF NET INCOME PER SHARE

	Three Months Ended						For the Year Ended
	December 31,						December 31,
	2011			2010			2011			2010
Net income (loss)	$	(152,656	)	$	396,539		$	120,674		$	986,534
Preferred Stock dividend requirements		(23,068	)		(15,471	)		(91,519	)		(61,380	)
Net income (loss) attributable to
common stockholders	$	(175,724	)	$	381,068		$	29,155		$	925,154
Weighted average number of common
shares outstanding		15,785,616			15,703,092			15,746,500			15,520,079
Preferred Stock Common Share Equivalents		-			1,236,160			-			1,143,998
Dilutive Stock Options outstanding for		-			904,849			700,522			821,564
the Period
Dilutive Warrants outstanding for		-			2,021,146			991,242			1,616,405
the Period
Weighted average number of common		15,785,616			19,865,247			17,438,265			19,102,046
and equivalent shares outstanding
Net income (loss) per common share	$	(0.01	)	$	0.02		$	0.00		$	0.05