EXHIBIT 11 Reliv' International, Inc. and Subsidiaries Exhibit (11) -- Statement Re: Computation of Per Share Earnings Quarter ended Nine Months Ended September 30 September 30 ------------- ----------------- 1996 1995 1996 1995 (In thousands, except per share data) PRIMARY: Average shares outstanding 9,044 9,352 9,044 9,352 Net effect of warrants and options 391 36 391 36 ------ ------ ------ ------ Totals 9,435 9,388 9,435 9,388 ====== ====== ====== ====== Net Income $ 338 $ 94 $ 918 $ 495 ====== ====== ====== ====== Per share amount $ 0.04 $ 0.01 $ 0.10 $ 0.05 ====== ====== ====== ====== FULLY DILUTED: Average shares outstanding 9,044 9,352 9,044 9,352 Net effect of warrants and options 674 36 674 36 ------ ------ ------ ------ Totals 9,718 9,388 9,718 9,388 ====== ====== ====== ====== Net Income $ 338 $ 94 $ 918 $ 495 ====== ====== ====== ====== Per share amount $ 0.03 $ 0.01 $ 0.09 $ 0.05 ====== ====== ====== ======