Ourpets (OPCO) 10-Q 2010 Q3 Quarterly report

Exhibit 11

OURPET’S COMPANY AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF NET INCOME PER SHARE

	Three Months Ended September 30,						Nine Months Ended September 30,
	2010			2009			2010		2009
Net income	$	34,837		$	183,086		$	589,995	$	456,631
Preferred Stock dividend requirements		(27,393	)		(7,985	)				(23,695	)
Net income attributable to common stockholders	$	7,444		$	175,101		$	589,995	$	432,936
Weighted average number of common shares outstanding		15,579,374			15,312,984			15,458,405		15,312,984
Preferred Stock Common Share Equivalents		—			—			—		—
Dilutive Stock Options outstanding for the Period		847,982			301,083			791,403		56,559
Dilutive Warrants outstanding for the Period		1,722,329			92,626			1,438,011		5,118
Weighted average number of common and equivalent shares outstanding		18,149,685			15,706,693			17,687,819		15,374,661
Net income per common share	$	—		$	0.01		$	0.03	$	0.03