ATOMIC BURRITO, INC.
COMPUTATION OF EARNINGS PER SHARE
(UNAUDITED)
Three Months Ended Six Months Ended
March 31 June 30,
2000 1999 2000 1999
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BASIC EARNINGS PER SHARE:
Net income $(256,253) $ (27,987) $(391,583) $ 133,810
Dividends on preferred stock - - - (3,204)
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Net income applicable to
common stock $(256,253) $ (27,987) $(391,583) $ 130,606
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Shares used in computing basic
earnings per share 4,364,214 3,735,270 4,310,499 3,734,721
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Basic earnings per common share $ (.06) $ (0.007) $ (.09) $ 0.35
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DILUTED EARNINGS PER SHARE:
Net income N/A N/A N/A N/A
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Shares used in computing basic
earnings per share * * * 3,734,997
Effect of shares issuable under
conversion of preferred stock * * * 44,685
Effect of shares issuable under
common stock warrants under
treasury stock method * * * 204,221
Effect of shares issuable under
common stock options using
treasury stock method * * * 137,324
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Shares used in computing diluted
earnings per share * * * 4,121,227
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Diluted earnings per common
share $ N/A $ N/A $ N/A $ 0.032
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* Anti-dilutive