Ourpets (OPCO) 10-Q 2017 Q3 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 Nine Months Ended
	September 30,					September 30,
	2017			2016		2017			2016
Net income	$	432,907		$	495,669	$	1,062,902		$	916,882
Preferred Stock dividend requirements		(28,810	)		-		(113,512	)		(39,457	)
Net income attributable to common stockholders	$	404,097		$	495,669	$	949,390		$	877,425
Basic weighted average number of common shares outstanding		19,526,135			17,709,088		18,543,256			17,665,812
Preferred Stock Common Share Equivalents		-			1,871,160		-			1,236,160
Dilutive Stock Options outstanding for the Period		205,513			132,345		210,007			174,865
Dilutive Warrants outstanding for the Period		270,255			377,774		256,041			413,019
Diluted Weighted average number of common and equivalent shares outstanding		20,001,903			20,090,367		19,009,304			19,489,855
Basic Net income per common share	$	0.02		$	0.03	$	0.06		$	0.05
Diluted Net income per common share	$	0.02		$	0.02	$	0.05		$	0.05