HemaCare Corporation
EXHIBIT 11
Net Income (Loss) per Common and Common Equivalent Share
Years Ended December 31,
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1997 1996 1995
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INCOME (LOSS)
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Income from continuing operations........ $ 37,000 $(1,090,000) $ 480,000
Loss from discontinued operations........ - - (902,000)
Gain(loss) on disposal of discontinued
operations, including provision for
operating losses during phase-out
period................................ 293,000 600,000 (3,114,000)
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Net income (loss)....................... $ 330,000 $ (490,000) $(3,536,000)
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BASIC
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Weighted average number of shares
outstanding.......................... 7,189,000 6,350,000 5,693,000
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Basic income (loss) per share based
on common and common equivalent
shares - primary:
Income from continuing operations...... $ 0.01 $ (0.17) $ 0.08
Loss from discontinued operations...... - - (0.15)
Gain (loss) on disposal of discontinued
operations, including provision for
operating losses during phase-out
period................................ 0.04 0.09 (0.55)
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Net income (loss)...................... $ 0.05 $ (0.08) $ (0.62)
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DILUTED
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Weighted average number of shares
outstanding......................... 7,189,000 6,350,000 5,693,000
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Dilutive common equivalent shares
attributable to stock options (based
on higher of ending or average
market price)........................ 11,000 - 122,000
Dilutive common equivalent shares
attributable to warrants (based on
higher of ending or average market
price)............................... 5,000 - 29,000
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Total common and common equivalent
shares - fully loaded................ 7,205,000 6,350,000 5,844,000
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Diluted income(loss) per share based
on common and common equivalent shares:
Income from continuing operations...... $ 0.01 $ (0.17) $ 0.08
Loss from discontinued operations...... - - (0.16)
Gain (loss) on disposal of discontinued
operations, including provision for
operating losses during phase-out
period................................ 0.04 0.09 (0.53)
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Net income (loss)...................... $ 0.05 $ (0.08) $ (0.61)
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