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EXHIBIT 11

HemaCare Corporation
Exhibit 11
Basic and Diluted Net Income per Share

	For the three months ended June 30,					For the six months ended June 30,
	2009			2008		2009			2008
BASIC
Weighted average common shares used to compute basic earnings per share		10,028,000			9,635,000		9,966,000			9,272,000
Net income—continuing operations	$	369,000		$	165,000	$	450,000		$	252,000
Basic net income per share—continuing operations	$	0.04		$	0.02	$	0.05		$	0.03
Net (loss) income—discontinued operations	$	(12,000	)	$	263,000	$	(25,000	)	$	263,000
Basic net income per share—discontinued operations	$	(0.00	)	$	0.02	$	(0.00	)	$	0.03
Total net income	$	357,000		$	428,000	$	425,000		$	515,000
Total basic net income per share	$	0.04		$	0.04	$	0.05		$	0.06
DILUTED
Weighted average common shares used to compute basic earnings per share		10,028,000			9,635,000		9,966,000			9,272,000
Dilutive common equivalent shares attributable to stock options (based on average market price)		81,000			19,000		64,000			11,000
Weighted average common shares and equivalents used to compute diluted earnings per share		10,109,000			9,654,000		10,030,000			9,283,000
Net income—continuing operations	$	369,000		$	165,000	$	450,000		$	252,000
Diluted net income per share—continuing operations	$	0.04		$	0.02	$	0.04		$	0.03
Net (loss) income—discontinued operations	$	(12,000	)	$	263,000	$	(25,000	)	$	263,000
Diluted net (loss) income per share—discontinued operations	$	(0.00	)	$	0.02	$	(0.00	)	$	0.03
Total net income	$	357,000		$	428,000	$	425,000		$	515,000
Total diluted net income per share	$	0.04		$	0.04	$	0.04		$	0.06

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EXHIBIT 11

HemaCare Corporation Exhibit 11 Basic and Diluted Net Income per Share