Exhibit 11


                         Claw Island Foods Inc.
              Statement of Computation of Loss Per Share

                                                           Pro forma (1)
                                                      -----------------------
                                                          1995        1996
                                                         ------      ------

Net Loss                                              $(1,276,359) $(1,462,093)
                                                       ==========    =========
Weighted Average Number
  of Common Shares
  Issued and Outstanding                                   45,904       47,955

Common Stock Equivalents
  Weighted Average number of
    preferred shares converted
    to common:
      Series C                                            323,498      332,892
      Series D                                             25,129       50,258
  Cheap Stock securities
      Series E preferred shares                         1,149,212    1,149,212
      Options for common stock                            610,074      610,074
      Warrants for Series E
        convertible preferred shares                      153,846      153,846
                                                        ---------    ---------

Weighted Average Common Stock
  Equivalents                                           2,307,662    2,344,238

Less treasury shares assumed to be
  repurchased                                            (216,927)    (216,927)
                                                        ---------    ---------

Weighted average shares outstanding                     2,090,736    2,127,311
                                                        =========    =========

Loss per share                                             $(0.61)      $(0.69)
                                                        =========    =========

(1) The pro forma numbers of shares reflect a 5.2-for-1 reverse stock split.