Reliv' International, Inc. and Subsidiaries
EXHIBIT (11) -- Statement Re: Computation of Per Share Earnings
Quarter Ended Six Months Ended
June 30 June 30
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1997 1996 1997 1996
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(in thousands, except per share data)
Primary:
Average shares outstanding 9,578 10,084 9,578 10,084
Net effect of warrants and options 845 251 845 251
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Totals 10,423 10,335 10,423 10,335
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Net Income $ 595 $ 302 $ 1,414 $ 580
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Per share amount $ 0.06 $ 0.03 $ 0.14 $ 0.06
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Fully Diluted:
Average shares outstanding 9,578 10,084 9,578 10,084
Net effect of warrants and options 845 448 845 448
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Totals 10,423 10,531 10,423 10,531
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Net Income $ 595 $ 302 $ 1,414 $ 580
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Per share amount $ 0.06 $ 0.03 $ 0.14 $ 0.06
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Note: Per share data reflects the effect of the Company's 10 percent stock
dividend declared on January 31, 1997 and distributed on February 28, 1997. The
1996 data reflects the pro forma effect of the dividend.