EXHIBIT 11 - COMPUTATION OF PER SHARE EARNINGS
RYKA INC. AND SUBSIDIARY
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THREE MONTHS ENDED
MARCH 31,
1997 1996
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PRIMARY:
Weighted average number of shares outstanding 56,635,326 46,615,326
Net effect of dilutive stock options and warrants (based on
the Treasury Stock Method using average market price) - -
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Total 56,635,326 46,615,326
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Net loss ($ 243,432) ($ 230,109)
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Net loss per share ($ - ) ($ .01)
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FULLY DILUTED:
Weighted average number of shares outstanding N/A N/A
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 N/A N/A
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Net loss N/A N/A
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Net loss per share N/A N/A
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