Exhibit 11 INNOVASIVE DEVICES, INC. Statement Regarding Computation of Pro Forma Net Loss Per Common Share Three months ended Six months ended June 30, June 30, ---------------------------- -------------------------- 1996 1995 1996 1995 ---- ---- ---- ---- (unaudited) (unaudited) Net loss $ (967,000) $ (874,000) $(2,114,000) $(1,702,000) ========= ========== ============ =========== Weighted average common shares outstanding: a. Shares attributable to common 3,311,477 1,811,478 2,561,746 1,811,478 stock outstanding b. Shares attributable to mandatorily convertible preferred stock 2,570,242 2,881,624 3,044,249 2,881,624 c. Shares attributable to common stock options pursuant to APB 15 - 126,438 63,219 126,438 and SAB 83 --------- ---------- ------------ ----------- Weighted average common shares outstanding 5,881,719 4,819,540 5,669,214 4,819,540 ========= ========== ============ =========== Pro forma net loss per share $(0.16) $(0.18) $(0.37) $(0.35) ========= ========== ============ ===========