Exhibit 11

OURPETS COMPANY AND SUBSIDIARIES

STATEMENT OF COMPUTATION OF NET
INCOME PER SHARE



|                                                                    |  |                    |            |   |                    |   |            |      |  |   |            |   |  |   |            |  
|------------------------------------------------------------------- |  | ------------------ | ---------- | - | ------------------ | - | ---------- | ---- |  | - | ---------- | - |  | - | ---------- | -
|                                                                    |  | Three Months Ended |            |   | For the Year Ended |  
|                                                                    |  | December 31,       |            |   | December 31,       |  
|                                                                    |  | 2010               |            |   | 2009               |   |            | 2010 |  |   | 2009       |  
|Net income (loss)                                                   |  | $                  | 396,539    |   |                    | $ | 319,136    |      |  | $ | 986,534    |   |  | $ | 775,767    |  
|Preferred Stock dividend requirements                               |  |                    | (15,471    | ) |                    |   |           |      |  |   | (61,380    | ) |  |   | (38,940    | )
|                                                                    |  |                    |            |   |                    |   |            |      |  |   |            |   |  |   |            |  
|Net income (loss) attributable to common stockholders               |  | $                  | 381,068    |   |                    | $ | 319,136    |      |  | $ | 925,154    |   |  | $ | 736,827    |  
|                                                                    |  |                    |            |   |                    |   |            |      |  |   |            |   |  |   |            |  
|Weighted average number of common shares outstanding                |  |                    | 15,703,092 |   |                    |   | 15,356,745 |      |  |   | 15,520,079 |   |  |   | 15,324,014 |  
|Preferred Stock Common Share Equivalents                            |  |                    | 1,236,160  |   |                    |   | 660,000    |      |  |   | 1,143,998  |   |  |   |           |  
|Dilutive Stock Options outstanding for the Period                   |  |                    | 904,849    |   |                    |   | 519,469    |      |  |   | 821,564    |   |  |   | 169,459    |  
|Dilutive Warrants outstanding for the Period                        |  |                    | 2,021,146  |   |                    |   | 360,832    |      |  |   | 1,616,405  |   |  |   | 29,815     |  
|                                                                    |  |                    |            |   |                    |   |            |      |  |   |            |   |  |   |            |  
|Weighted average number of common and equivalent shares outstanding |  |                    | 19,865,247 |   |                    |   | 16,897,046 |      |  |   | 19,102,046 |   |  |   | 15,523,288 |  
|                                                                    |  |                    |            |   |                    |   |            |      |  |   |            |   |  |   |            |  
|Net income (loss) per common share                                  |  | $                  | 0.02       |   |                    | $ | 0.02       |      |  | $ | 0.05       |   |  | $ | 0.05       |  
|                                                                    |  |                    |            |   |                    |   |            |      |  |   |            |   |  |   |            |