ADVANCED AERODYNAMICS & STRUCTURES, INC.
(A Development Stage Enterprise)
Statement Re: Computation of Per Share Earnings
For the Three Months Ended For the Six Months Ended
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1996 1997 1996 1997
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Net loss $(1,005,000) $(1,358,000) $(1,346,000) $(1,877,000)
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Weighted average number of Class B
Common Stock shares outstanding 2,000,000 2,000,000 2,000,000 2,000,000
Common Stock equivalents from the issuance
of Bridge Warrants computed using the
treasury stock method 1,400,000 1,400,000
Weighted average number of Class A
Common Stock shares outstanding 6,900,000 6,900,000
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3,400,000 8,900,000 3,400,000 8,900,000
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Net loss per share ($.30) ($.15) ($.40) ($.21)
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