EXHIBIT 11
THE GREAT AMERICAN BACKRUB STORE, INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Six Months Ended Three Months ended
June 30, June 30,
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1997 1996 1997 1996
---- ---- ---- ----
Issuance of common stock, June 1993 375,000 375,000 375,000 375,000
Sale of common stock, October 1993 125,000 125,000 125,000 125,000
Sale of common stock, March 1995
1,250,000 shares 1,250,000 1,250,000 1,250,000 1,250,000
Sale of common stock through the issuance of options and
warrants in prior periods 631,854 40,553 631,854 75,782
Shares issued upon exercise of options and warrants 19,583 - 23,500
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Common stock and equivalents 2,401,437 1,790,553 2,405,354 1,825,782
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Six months' Three months'
weighting factor weighting factor
(in months) (in months)
----------- -----------
1997 1996 1997 1996
---- ---- ---- ----
Issuance of common stock, June 1993 6 6 3 3
Sale of common stock, October 1993 6 6 3 3
Sale of common stock, March 1995
1,250,000 shares 6 6 3 3
Sale of common stock through the issuance of options and
warrants in prior periods 6 see below 3 see below
Shares issued upon exercise of options and warrants see below see below
Common stock and equivalents
Computation of weighted average number of shares issued upon exercise of
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options and warrants:
- ---------------------
Period ended June 30, 1996 Six months' Three months' Period ended June 30, Six months' Three months'
weighting factor weighting factor 1997 weighting factor weighting factor
Shares (in days) (in days) Shares (in days) (in days)
Date Issued 1996 1996 Date Issued 1997 1997
---- ------ ---- ---- ---- ------ ---- ----
5/1/96 12,500 4,167 8,333 1/31/97 23,500 19,583 23,500
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6/1/96 200,000 33,333 66,667
6/3/96 12,500 1,875 563
6/7/96 4,000 511 131
6/18/96 4,000 267 36
6/18/96 6,000 400 53
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Total 40,553 75,782
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