EXHIBIT 11 MERIS LABORATORIES, INC. COMPUTATION OF EARNINGS PER COMMON SHARE Q3-96 YTD 9/96 ------------ -------------- Primary Earnings Income (loss) applicable to common shares ($5,986) ($11,953) Shares Weighted average number of common shares outstanding 8,011 7,998 Primary earnings per common share Net income (Loss) ($0.75) ($1.49) Assuming full dilution Earnings Income (Loss) before extraordinary items ($5,986) ($11,953) Add after tax interest expense applicable to 10% Convertible Senior Subordinated Debt 283 834 Net income (Loss) adjusted ($5,703) ($11,119) Shares Weighted average number of common shares outstanding 8,011 7,998 Assuming conversion of 10% convertible 3,188 3,188 Assuming conversion of options reduced by the number of shares which could have been purchased with the proceeds from exercise of such options 0 0 Weighted average number of common shares outstanding (adjusted) 11,199 11,186 Earnings per common share assuming full dilution Net income (Loss) ($0.51) ($0.99)