Exhibit 11.1 - Computation of per Share Loss
RYKA Inc. and Subsidiary
FOR THE YEAR ENDED
DECEMBER 31,
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1996 1995 1994
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PRIMARY:
Weighted average number of
common shares outstanding 51,368,619 34,560,653 24,210,083
Net effect of dilutive stock
options and warrants (based
on the Treasury Stock Method
using average market price) - - -
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Total 51,368,619 34,560,653 24,210,083
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Net (loss)
(Loss) before extraordinary item ($1,879,757) ($5,279,733) ($ 511,415)
Extraordinary item - 1,650,256 -
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Net (loss) ($1,879,757) ($3,629,477) ($ 511,415)
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Net (loss) share:
(Loss) before extraordinary item ($ .04) ($ .15 ($ .02)
Extraordinary item ( .04) .05 -
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Net (loss) per share ($ .04) ($ .10) ($ .02)
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FULLY DILUTED:
Weighted average number of
common shares outstanding 51,368,619 34,560,653 24,210,083
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) - - -
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Total 51,368,619 34,560,653 24,210,083
=========== =========== ===========
Net (loss):
(Loss) before extraordinary item ($1,863,757) ($5,279,733) ($ 511,415)
Extraordinary item - 1,650,256 -
----------- ----------- -----------
Net (loss): ($1,863,757) ($3,629,477) ($ 511,415)
=========== =========== ===========
Net (loss):
(Loss) before extraordinary item ($ .04) ($ .15) ($ .02)
Extraordinary item - .05 -
----------- ----------- -----------
Net (loss) per share ($ .04) ($ .10) ($ .02)
=========== =========== ===========