EXHIBIT 11 - COMPUTATION OF PER SHARE EARNINGS RYKA INC. AND SUBSIDIARY SIX MONTHS ENDED JUNE 30, ----------------------- 1997 1996 ---------- ---------- PRIMARY: Weighted average number of shares outstanding 57,607,568 46,576,864 Net effect of dilutive stock options and warrants (based on the Treasury Stock Method using average market price) -- -- ---------- ---------- Total 57,607,568 46,576,864 ========== ========== Net loss ($ 323,925) ($ 833,706) ========== ========== Net loss share ($ .01) ($ .02) ========== ========== 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) -- -- ---------- ---------- Total N/A N/A ========== ========== Net loss N/A N/A ========== ========== Net loss per share N/A N/A ========== ==========