EXHIBIT 1 DOCUCON, INC. BALANCE SHEET DECEMBER 31, 1995 (PRELIMINARY AND UNAUDITED) ASSETS CURRENT ASSETS: Cash and temporary cash investments ......................... $ 76,971 Accounts receivable -- trade, net of allowance for doubtful accounts of $7,683 U.S. Government ........................................... 594,090 Commercial ................................................ 1,278,796 Unbilled revenues ........................................... 579,821 Other receivables ........................................... 1,648 Prepaid expenses ............................................ 118,423 ----------- Total current assets .................................... 2,649,749 ----------- PROPERTY AND EQUIPMENT ........................................ 6,564,717 Less - Accumulated depreciation ............................. 4,182,671 ----------- Net property and equipment .............................. 2,382,046 ----------- SOFTWARE DEVELOPMENT COSTS, net ............................... 335,091 ----------- GOODWILL, net ................................................. 338,824 ----------- Total assets ............................................ $ 5,705,710 =========== LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable ............................................ $ 660,610 Accrued liabilities ......................................... 775,122 Line of credit .............................................. 400,000 Note payable ................................................ 1,500,000 Current maturities of capital lease obligations ............. 3,107 Deferred revenues ........................................... 339,558 ----------- Total current liabilities ............................... 3,678,397 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY: Preferred stock, $1.00 par value, 10,000,000 shares authorized -- Series A, 60 authorized, 21 shares outstanding as of December 31, 1995 ........................ 21 Common stock, $.01 par value, 25,000,000 shares authorized -- 11,771,228 shares issued and outstanding as of December 31, 1995 ........................ 117,712 Additional paid-in capital .................................. 9,506,563 Accumulated deficit ......................................... (7,596,983) ----------- Total stockholders' equity .............................. 2,027,313 ----------- Total liabilities and stockholders' equity .............. $ 5,705,710 ===========