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EXHIBIT 11

HemaCare Corporation
Exhibit 11
Basic and Diluted Net Income per Share

	For the three months ended September 30,						For the nine months ended September 30,
	2009			2008			2009			2008
BASIC
Weighted average common shares used to compute basic earnings per share		10,050,000			9,696,000			9,994,000			9,415,000
Net income—continuing operations	$	246,000		$	455,000		$	697,000		$	708,000
Basic net income per share—continuing operations	$	0.02		$	0.05		$	0.07		$	0.08
Net (loss) income—discontinued operations	$	(13,000	)	$	(170,000	)	$	(37,000	)	$	92,000
Basic net (loss) income per share—discontinued operations	$	(0.00	)	$	(0.02	)#	$	(0.00	)	$	0.01
Total net income	$	233,000		$	285,000		$	660,000		$	800,000
Total basic net income per share	$	0.02		$	0.03		$	0.07		$	0.08
DILUTED
Weighted average common shares used to compute basic earnings per share		10,050,000			9,696,000			9,994,000			9,415,000
Dilutive common equivalent shares attributable to stock options (based on average market price)		207,000			246,000			92,000			173,000
Weighted average common shares and equivalents used to compute diluted earnings per share		10,257,000			9,942,000			10,086,000			9,588,000
Net income—continuing operations	$	246,000		$	455,000		$	697,000		$	708,000
Diluted net income per share—continuing operations	$	0.02		$	0.05		$	0.07		$	0.07
Net (loss) income—discontinued operations	$	(13,000	)	$	(170,000	)	$	(37,000	)	$	92,000
Diluted net loss per share -discontinued operations	$	(0.00	)	$	(0.02	)	$	(0.00	)	$	0.01
Total net income	$	233,000		$	285,000		$	660,000		$	800,000
Total diluted net income per share	$	0.02		$	0.03		$	0.07		$	0.08

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EXHIBIT 11

HemaCare Corporation Exhibit 11 Basic and Diluted Net Income per Share