Exhibit 11.1 - Computation of Per Share Loss
RYKA Inc. and Subsidiary
FOR THE YEAR ENDED
DECEMBER 31,
1995 1994 1993
----------- ------------------- ------
PRIMARY:
Weighted average number of
common shares outstanding 34,560,653 24,210,083 23,573,316
Net effect of dilutive stock
options and warrants (based
on the Treasury Stock Method
using average market price) - - -
------------ ------------ ------------
Total 34,560,653 24,210,083 23,573,316
============ ============ ============
Net (loss):
(Loss) before extraordinary item ($ 5,279,733) ($ 511,415) ($ 3,428,491)
Extraordinary item 1,650,256 - -
------------ ------------ ------------
Net (loss) ($ 3,629,477) ($ 511,415) ($ 3,428,491)
============ ============ ============
Net (loss) per share:
(Loss) before extraordinary item ($ .15) ($ .02) ($ .15)
Extraordinary item .05 - -
------------ ------------ ------------
Net (loss) per share ($ .10) ($ .02) ($ .15)
============ ============ ============
FULLY DILUTED:
Weighted average number of
common shares outstanding 34,560,653 24,210,083 23,573,316
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 market
price) - - -
------------ ------------- ------------
Total 34,560,653 24,210,083 23,573,316
============ ============= ============
Net (loss):
(Loss) before extraordinary item ($ 5,279,733) ($ 511,415) ($ 3,428,491)
Extraordinary item 1,650,256 - -
------------ ------------ ------------
Net (loss): ($ 3,629,477) ($ 511,415) ($ 3,428,491)
============ ============ ============
Net (loss):
(Loss) before extraordinary item ($ .15) ($ .02) ($ .15)
Extraordinary item .05 - -
------------ ------------- ------------
Net (loss) per share ($ .10) ($ .02) ($ .15)
============ ============= ============