U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
Commission File Number 000-19318
SPARTA FOODS, INC.
(exact name of small business issuer as specified in its charter)
Minnesota 41-1618240
(state or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
2570 Kasota Avenue, St. Paul, MN 55108
(Address of principal executive offices)
(612) 646-1888
(Issuer's telephone number)
Check whether the Issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 12 months (or for such
shorter period that the Registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes X No
State the number of shares outstanding of each of the Issuer's classes of
common equity, as of the latest practicable date:
6,674,049 shares of Common Stock at August 2, 1996
Transitional Small Business Disclosure Format: Yes No __X__
<PAGE>
This Form 10-QSB/A is being filed to amend Part II, Exhibit 11 of Form
10-QSB for the quarter ended June 30, 1996, which Exhibit 11 is hereby amended
and restated as set forth below.
PART II. OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
11 Computation of Earnings per Common Share.
(b) Reports on Form 8-K
A report on Form 8-K was not filed during the quarter ended June 30, 1996.
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
SPARTA FOODS, INC.
(Registrant)
Dated: August 19, 1996 By:/s/ Joel P. Bachul
------------------
Joel P. Bachul,
President and Chief
Executive Officer
Dated: August 19, 1996 By: /s/ A. Merrill Ayers
--------------------
A. Merrill Ayers
Treasurer, Secretary and
Chief Financial Officer
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Sparta Foods, Inc.
Exhibits Index
Exhibit Description
Number
11 Computation of Earnings per Common Share
COMPUTATION OF EARNINGS PER COMMON SHARE Exhibit 11
(unaudited)
<TABLE>
<CAPTION>
For the three months ended For the nine months ended
June 30 June 30
------- -------
1996 1995 1996 1995
<S> <C> <C> <C> <C>
Net income (loss) $122,900 $(32,971) $ 31,182 $(545,350)
- ----------------- ======== ========= ========== ==========
Primary earnings per share:
Adjusted net income under treasury stock method
(reduced interest expense) $135,434 --- $ 46,597 ---
========= ========== ========== ===========
Shares:
Weighted average number of
common shares outstanding 6,667,304 4,062,799 5,477,580 3,829,028
Excess of shares issuable for the assumed
exercise of options and warrants over the
number of shares possible of repurchase using
the proceeds from the exercise of such options
and warrants, at the average market price
(treasury stock method) 2,495,186 --- 1,028,286 ---
--------- --------- ---------- ----------
Weighted average number of common and
common equivalent shares outstanding 9,162,490 4,062,799 6,505,866 3,829,028
========= ========= ========= =========
Primary earnings per share (loss) $ .01 $ (.01) $ .01 $ (.14)
- --------------------------------- ========= ========== ========== =========
Fully diluted earnings per share
- --------------------------------
Shares:
Weighted average number of common shares
outstanding 6,667,304 4,062,799 5,477,580 3,829,028
Excess of shares issuable for the assumed
exercise of options and warrants over the number
of shares possible of repurchase using the
proceeds from the exercise of such options and warrants,
at the closing market price (treasury stock method) 2,624,806 ---- 1,640,456 ---
---------- ---------- ---------- ---------
Weighted average number of common and
common equivalent shares outstanding 9,292,110 4,062,799 7,118,036 3,829,028
========= ========= ========= ==========
Fully diluted earnings (loss) per share $ .01 $ (.01) $ --- $ (.14)
- --------------------------------------- =========== =========== ========== ===========
</TABLE>
