Ourpets (OPCO) 10-Q 2015 Q2 Quarterly report

Exhibit 11

OURPET’S COMPANY AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF NET INCOME PER SHARE

(Unaudited)

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Net income	$	262,076		$	147,755		$	475,868		$	282,184
Preferred Stock dividend requirements		(11,399	)		(27,826	)		(22,672	)		(55,346	)
Net income attributable to common stockholders	$	250,677		$	119,929		$	453,196		$	226,838
Basic weighted average number of common shares outstanding		17,558,838			16,897,781			17,555,973			16,798,259
Preferred Stock Common Share Equivalents		1,236,160			-			1,236,160			-
Dilutive Stock Options outstanding for the Period		104,772			586,293			57,958			692,864
Dilutive Warrants outstanding for the Period		301,649			721,475			322,755			753,503
Diluted Weighted average number of common and equivalent shares outstanding		19,201,418			18,205,549			19,172,847			18,244,626
Basic and Diluted Net income per common share	$	0.01		$	0.01		$	0.02		$	0.01