Ourpets (OPCO) 10-Q 2010 Q2 Quarterly report

Exhibit 11

OURPET’S COMPANY AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF NET INCOME PER SHARE

	Three Months Ended June 30,					Six Months Ended June 30,
	2010			2009		2010			2009
Net income (loss)	$	292,911		$	194,933	$	555,157		$	273,543
Preferred Stock dividend requirements		(14,480	)		—		(28,801	)		—
Net income (loss) attributable to common stockholders	$	278,431		$	194,933	$	526,356		$	273,543
Weighted average number of common shares outstanding		15,409,491			15,312,984		15,396,918			15,312,984
Preferred Stock Common Share Equivalents		1,236,160			660,000		1,050,308			660,000
Dilutive Stock Options outstanding for the Period		823,259			32,253		546,062			11,796
Dilutive Warrants outstanding for the Period		1,585,197			—		1,269,812			—
Weighted average number of common and equivalent shares outstanding		19,054,107			16,005,237		18,263,100			15,984,780
Net income (loss) per common share	$	0.01		$	0.01	$	0.03		$	0.02