EXHIBIT 11
HEMACARE CORPORATION
BASIC AND DILUTED NET INCOME PER SHARE
Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
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BASIC
Weighted average common shares used to compute basic
earnings per share................................... 7,625,054 7,392,238 7,561,490 7,336,679
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Net income.................................... $ 326,586 $ 201,252 $ 651,805 $ 444,252
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Basic net income per share............................. $ 0.04 $ 0.03 $ 0.09 $ 0.06
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DILUTED
Weighted average common shares used to compute
basic earnings per share............................. 7,625,054 7,392,238 7,561,490 7,336,679
Dilutive preferred equivalent shares................... 500,000 500,000 500,000 500,000
Dilutive common equivalent shares attributable to
stock options (based on average market price)......... 714,787 457,614 771,465 72,394
Dilutive common equivalent shares attributable to
warrants (based on average market price).............. 64,984 32,171 72,404 15,379
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Weighted average common shares and equivalents used
to compute diluted earnings per share................. 8,904,825 8,382,023 8,905,359 7,924,452
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Net income.................................... $ 326,586 $ 201,252 $ 651,805 $ 444,252
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Diluted net income per share........................... $ 0.04 $ 0.02 $ 0.07 $ 0.06
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