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,
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1996 1995 1996 1995
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(unaudited) (unaudited)
Net loss $ (967,000) $ (874,000) $(2,114,000) $(1,702,000)
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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
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Weighted average common shares outstanding 5,881,719 4,819,540 5,669,214 4,819,540
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Pro forma net loss per share $(0.16) $(0.18) $(0.37) $(0.35)
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