SPINE-TECH, INC.
Exhibit 11---Statement Re: Computation of Loss Per Share
(unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
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1996 1995 1996 1995
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PRIMARY LOSS PER SHARE:
Weighted average shares outstanding 9,824,959 2,249,514 9,765,828 2,180,573
SAB No. 83 shares -- for stock options
granted at exercise prices less than the
initial public offering price during the
12 months preceding the initial public
offering using the treasury stock method -- 353,742 -- 353,742
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9,824,959 2,603,256 9,765,828 2,534,315
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Net loss $ (585,457) $ (94,122) $ (940,461) $(192,838)
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Primary loss per share $ (0.06) $ (0.04) $ (0.10) $ (0.08)
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FULLY DILUTED LOSS PER SHARE:
Weighted average shares outstanding 9,824,959 6,384,742 9,765,828 6,315,801
SAB No. 83 shares -- for stock options
granted at exercise prices less than the
initial public offering price during the
12 months preceding the initial public
offering using the treasury stock method -- 353,742 -- 353,742
---------- --------- ----------- ---------
9,824,959 6,738,484 9,765,828 6,669,543
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Net loss $ (585,457) $ (94,122) $ (940,461) $(192,838)
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Fully diluted loss per share $ (0.06) $ (0.01) $ (0.10) $ (0.03)
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