Exhibit 11 INNOVIR LABORATORIES, INC. (A DEVELOPMENT STAGE ENTERPRISE) STATEMENT OF COMPUTATION OF PER SHARE DATA For the years ended September30, 1994, 1995 and 1996 1994 1995 1996 -------------------------- -------------------------- -------------------------- Primary Fully Diluted Primary Fully Diluted Primary Fully Diluted ----------- ------------- ----------- ------------- ----------- ------------- Net loss ................................... $(3,463,878) $(3,463,878) $(4,989,974) $(4,969,974) $(9,391,605) $(9,391,605) Reduction of net loss assuming a portion of the proceeds from the exercise of options and warrants was used to repay the company's term note payable and related accrued interest, and capital lease obligations, and to invest in short-term government securities in accordance with the treasury stock method ....................... 1,058,959 452 363 ----------- ----------- ----------- ----------- ----------- ----------- Net loss .................................. $(3,463,878) $(2,404,919) $(4,989,974) $(4,537,611) $(9,391,605) $(9,391,605) =========== =========== =========== =========== =========== =========== Weighted average number of common shares outstanding .......................... 3,089,090 3,089,090 3,510,047 3,510,047 5,671,248 5,671,248 Shares issuable upon conversion of convertible equity securities ............... 245,115 2,415,791 Shares issuable upon exercise of outstanding options and warrants ............ 5,379,940 6,167,726 834,850 Shares assumed to be repurchased under the treasury stock method ............. (640,110) (797,268) (116,356) ----------- ----------- ----------- ----------- ----------- ----------- Number of common shares used in computing per share data .................... 3,089,090 7,828,920 3,510,047 9,125,620 5,671,248 8,805,533 =========== =========== =========== =========== =========== =========== Net loss per share ........................ $ (1.12) $ (0.31) $ (1.42) $ (0.50) $ (1.66) $ (1.07) =========== =========== =========== =========== =========== ===========