EXHIBIT 11.1 YES! ENTERTAINMENT CORPORATION STATEMENT REGARDING COMPUTATION OF NET LOSS PER SHARE (in thousands, except per share amounts) Three months Six months ended June 30, ended June 30, ------------------ ----------------- 1996 1995 1996 1995 ------- ------- ------- ------- Net loss $(1,214) $(2,495) $(2,106) $(3,897) Computation of weighted average common and common equivalent shares outstanding: Weighted average common share outstanding 13,995 2,503 13,761 1,452 Weighted average options outstanding Weighted average warrants outstanding Common equivalent shares from stock options granted or issued during the twelve-month period prior to the Company's proposed initial public offering 75 88 ------- ------- ------- ------- Shares used in computing net loss per share 13,995 2,578 13,761 1,540 ======= ====== ======= ======= Net loss per share $ (0.09) $(0.97) $ (0.15) $ (2.53) ======= ====== ======= =======