Exhibit 11 INNOVASIVE DEVICES, INC. Statement Regarding Computation of Pro Forma Net Loss Per Common Share (In thousands; except per share data) Year Ended December 31, ------------------------------------ 1996 1995 ---- ---- Net loss $ (4,062) $ (3,734) ========== ========== Weighted average common shares outstanding: a. Shares attributable to common stock outstanding 4,911 1,811 b. Shares attributable to mandatorily convertible preferred stock 1,522 3,002 c. Shares attributable to common stock options pursuant to SAB 83 (1) 32 126 ---------- ---------- Weighted average common shares outstanding 6,465 4,939 ========== ========== Net loss per share $(0.63) $(0.76) ========== ========== __________ (1) No shares were attributed to common stock options subsequent to March 31, 1996, since, in accordance with APB 15, the inclusion of such shares would be anti-dilutive.