ACCESS CORPORATION
CALCULATION OF NET EARNINGS (LOSS) PER COMMON SHARE
AND COMMON SHARE EQUIVALENTS
YEAR ENDED APRIL 30
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1991 1992 1993 1994 1995
Net earnings (loss) applicable to
Common Share and Common Share
Equivalents:
Net earnings (loss) Before
Cumulative Effect of change in
Accounting Principle $ 153,524 $ 614,008 ($ 182,731) ($ 615,239) $ 129,370
Cumulative Effect as of May 1,1992
of a change in the Accounting for
income taxes, net of valuation
allowance of $2,220,000 $ 730,000
Preferred Dividend $ 64,685
Net earnings (loss) applicable to
Common Shares and Common
Share Equivalents After
Cumulative Effect and
Preferred Dividend $ 153,524 $ 614,008 $ 547,269 ($ 615,239) $ 64,685
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Calculation of primary net earnings
(loss) per Common Share and
Common Share Equivalents:
Average number of Common Shares
and Common Share Equivalents
outstanding; 4,809,236 4,865,559 4,865,559 4,865,559 4,865,559
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Average number of Common Shares
and Common Share Equivalents
outstanding; 4,809,236 4,865,559 4,865,559 4,865,559 4,865,559
---------- ---------- ----------- ----------- ----------
Primary net earnings (loss) per
Common Share and Common Share
Equivalent Before Cumulative Effect
of change in Accounting Principle $ 0.03 $ 0.13 ($ 0.04) ($ 0.13) $ 0.01
Cumulative Effect of change in
Accounting Principle per
Common Shares and
Common Share Equivalents $ 0.15
Primary net earnings (loss) per Common
Share and Common Share Equivalent
After Cumulative Effect of change
in Accounting Principle $ 0.03 $ 0.13 $ 0.11 ($ 0.13) $ 0.01