EXHIBIT 11 - COMPUTATION OF PER SHARE EARNINGS
RYKA INC. AND SUBSIDIARY
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THREE MONTHS ENDED
MARCH 31,
1996 1995
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PRIMARY:
Weighted average number of shares outstanding 46,615,326 26,474,326
Net effect of dillutive stock options and
warrants (based on the Treasury Stock
Method using average market price) - -
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Total 46,615,326 26,474,326
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Net loss ($ 263,606) ($ 2,240,328)
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Net loss per share ($ .01) ($ .08)
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FULLY DILUTED
Weighted average number of shares outstanding N/A N/A
Net effect of dilutive stock options and
warrants (based on the Treasury Stock
Method using the quarter-end market
price, if greater than the average price) - -
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Total N/A N/A
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Net loss N/A N/A
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Net loss per share N/A N/A
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