EX-11 2 cmw1424a.htm COMPUTATION OF NET LOSS PER COMMON SHARE

Exhibit 11

THE MIDDLETON DOLL COMPANY AND SUBSIDIARIES
COMPUTATION OF NET LOSS PER COMMON SHARE

For the Three Months
Ended March 31,
2005
 2004

Net income (loss) applicable to		            
   common shareholders   $ (352,955 ) $ (720,936 )

Determination of shares:		  
   Weighted average common shares  
   outstanding (basic)    3,727,589    3,727,589  
   Assumed conversion of stock options    --    --  

   Weighted average common shares		  
   outstanding (diluted)    3,727,589    3,727,589  

Basic income (loss) per share		   $ (0.09 ) $ (0.19 )
Diluted income (loss) per share   $ (0.09 ) $ (0.19 )