1 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 . . . . . . . . $(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 . . . . . . . . . . . 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) ==== ==== ==== ==== ====