COMPREHENSIVE CARE CORPORATION Exhibit 11 - Calculation of Loss Per Share Year Ended May 31, --------------------------------------------- 1994 1993 1992 1991 1990 ==== ==== ==== ==== ==== (Amounts in thousands, except per share data) Primary and Fully Diluted: Loss applicable to common stock: Loss before extraordinary item (a) $(7,852) $(11,600) $(4,562) $(27,500) $(59,308) Extraordinary item - gain on debenture conversion --- --- --- 11,465 --- ------ ------ ----- ------ ------ Net loss $(7,852) $(11,600) $(4,562) $(16,035) $(59,308) ===== ====== ===== ====== ====== Average number of shares of common stock and common stock equivalents outstanding 21,987 21,957 21,900 12,118 10,172 ===== ====== ===== ====== ====== Loss per common and common equivalent share: Loss before extraordinary item $(0.36) $(0.53) $(0.21) $(2.27) $(5.83) Extraordinary item - gain on debenture conversion --- --- --- .95 --- ----- ----- ----- ----- ----- Net loss $(0.36) $(0.53) $(0.21) $(1.32) $(5.83) ==== ==== ==== ==== ====