EXHIBIT 11 INNOVASIVE DEVICES, INC. Statement Regarding Computation of Net Loss Per Common Share Three months ended March 31, ------------------------ 1997 1996 ---------- ----------- (unaudited) Net loss $ (873,000) $(1,147,000) ========== ============ Weighted average common shares outstanding: a. Shares attributable to common stock outstanding 7,260,870 1,812,015 b. Shares attributable to mandatorily convertible preferred stock 3,518,255 c. Shares attributable to common stock options pursuant to SAB 83 126,438 ---------- ----------- Weighted average common shares outstanding 7,260,870 5,456,708 ========== =========== Net loss per share $ (0.12) $ (0.21) ========== ============