Exhibit 11.1

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

	For the Three Months
	Ended March 31,
	2008			2007
Net Loss	$	(799,145	)	$	(847,675	)
Determination of shares:
Weighted average common shares
outstanding (basic)		3,817,241			3,727,589
Assumed conversion of stock options		--			--
Weighted average common shares
outstanding (diluted)		3,817,241			3,727,589
Basic and diluted loss per share	$	(0.21	)	$	(0.23	)