Exhibit 11

OURPET'S COMPANY AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF NET INCOME PER SHARE

For the years ended December 31, 2006 and December 31, 2005



|                                                                                    |  |      |            |   |      |   |            |  
|----------------------------------------------------------------------------------- |  | ---- | ---------- | - | ---- | - | ---------- | -
|                                                                                    |  | 2006 |            |   | 2005 |  
|Income before extraordinary item                                                    |  | $    | 473,425    |   |      | $ | 254,238    |  
|Preferred Stock dividend requirements                                               |  |      | (33,660    | ) |      |   | (26,400    | )
|Stock options expense                                                               |  |      | (22,500    | ) |      |   | (16,203    | )
|                                                                                    |  |      |            |   |      |   |            |  
|Income before extraordinary item attributable to common stockholders                |  | $    | 417,265    |   |      | $ | 211,635    |  
|                                                                                    |  |      |            |   |      |   |            |  
|Weighted average number of common and dilutive common equivalent shares outstanding |  |      | 15,520,362 |   |      |   | 11,927,371 |  
|                                                                                    |  |      |            |   |      |   |            |  
|Income before extraordinary item per common share                                   |  | $    | 0.03       |   |      | $ | 0.02       |  
|                                                                                    |  |      |            |   |      |   |            |  
|Extraordinary item                                                                  |  | $    | 87,500     |   |      | $ |           |  
|                                                                                    |  |      |            |   |      |   |            |  
|Extraordinary item per common share                                                 |  | $    |           |   |      | $ |           |  
|                                                                                    |  |      |            |   |      |   |            |  
|Net income                                                                          |  | $    | 560,925    |   |      | $ | 254,238    |  
|Preferred Stock dividend requirements                                               |  |      | (33,660    | ) |      |   | (26,400    | )
|Stock options expense                                                               |  |      | (22,500    | ) |      |   | (16,203    | )
|                                                                                    |  |      |            |   |      |   |            |  
|Net income attributable to common stockholders                                      |  | $    | 504,765    |   |      | $ | 211,635    |  
|                                                                                    |  |      |            |   |      |   |            |  
|Net income per common share                                                         |  | $    | 0.03       |   |      | $ | 0.02       |  
|                                                                                    |  |      |            |   |      |   |            |