Exhibit 11

The Middleton Doll Company and Subsidiaries
Computation Of Net Loss Per Common Share

	For the Year Ended December 31,
	2006			2005
Net loss available to common shareholders	$	(376,088	)	$	(1,554,602	)
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 loss per share	$	(0.10	)	$	(0.42	)
Diluted losss per share	$	(0.10	)	$	(0.42	)