EXHIBIT 11
ATOMIC BURRITO, INC.
COMPUTATION OF EARNINGS PER SHARE
(UNAUDITED)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
March 31 September 30
2000 1999 2000 1999
---------- ---------- ----------- ----------
<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE:
Net income $(668,800) $ (45,215) $(1,060,384) $ 88,595
Dividends on preferred stock (15,500) (10,001) (15,500) (13,205)
--------- ---------- --------- ---------
Net income applicable to
common stock $(684,300) $ (55,216) $(1,075,884) $ 75,390
========= ========== ========= =========
Shares used in computing basic
earnings per share 4,482,003 3,805,917 4,425,987 3,758,897
========= ========== ========== =========
Basic earnings per common share $ (.15) $ (0.015) $ (0.24) $ 0.02
========= ========== ========== =========
DILUTED EARNINGS PER SHARE:
Net income $(684,300) $ (55,216) $(1,075,884) $ 75,390
========= ========== ========== =========
Shares used in computing basic
earnings per share * * * 3,758,897
Effect of shares issuable under
conversion of preferred stock * * * *
Effect of shares issuable under
common stock warrants under
treasury stock method * * * 295,588
Effect of shares issuable under
common stock options using
treasury stock method * * * 180,840
--------- ---------- ---------- ----------
Shares used in computing diluted
earnings per share * * * 4,235,325
--------- ---------- ---------- ==========
Diluted earnings per common
share $ N/A $ N/A $ N/A $ .018
========= ========== ======== ===========
</TABLE>
* Anti-dilutive
