Exhibit 11

OURPETS COMPANY AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF NET INCOME PER SHARE

For the years ended December 31, 2007 and December 31, 2006



|                                                                                    |  |      |            |   |      |   |            |  
|----------------------------------------------------------------------------------- |  | ---- | ---------- | - | ---- | - | ---------- | -
|                                                                                    |  | 2007 |            |   | 2006 |  
|Income before extraordinary item                                                    |  | $    | 186,886    |   |      | $ | 473,425    |  
|Preferred Stock dividend requirements                                               |  |      | (72,600    | ) |      |   | (33,660    | )
|Stock options expense                                                               |  |      |           |   |      |   | (22,500    | )
|                                                                                    |  |      |            |   |      |   |            |  
|Income before extraordinary item attributable to common stockholders                |  | $    | 114,286    |   |      | $ | 417,265    |  
|                                                                                    |  |      |            |   |      |   |            |  
|Weighted average number of common and dilutive common equivalent shares outstanding |  |      | 17,680,760 |   |      |   | 15,520,362 |  
|                                                                                    |  |      |            |   |      |   |            |  
|Income before extraordinary item per common share                                   |  | $    | 0.01       |   |      | $ | 0.03       |  
|                                                                                    |  |      |            |   |      |   |            |  
|Extraordinary item                                                                  |  | $    |           |   |      | $ | 87,500     |  
|                                                                                    |  |      |            |   |      |   |            |  
|Extraordinary item per common share                                                 |  | $    |           |   |      | $ |           |  
|                                                                                    |  |      |            |   |      |   |            |  
|Net income                                                                          |  | $    | 186,886    |   |      | $ | 560,925    |  
|Preferred Stock dividend requirements                                               |  |      | (72,600    | ) |      |   | (33,660    | )
|Stock options expense                                                               |  |      |           |   |      |   | (22,500    | )
|                                                                                    |  |      |            |   |      |   |            |  
|Net income attributable to common stockholders                                      |  | $    | 114,286    |   |      | $ | 504,765    |  
|                                                                                    |  |      |            |   |      |   |            |  
|Net income per common share                                                         |  | $    | 0.01       |   |      | $ | 0.03       |  
|                                                                                    |  |      |            |   |      |   |            |  



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