EXHIBIT 11
DOCUCON, INCORPORATED
COMPUTATION OF EARNINGS (LOSS) PER SHARE
YEAR ENDED DECEMBER 31
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1995 1994 1993
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COMPUTATION OF PRIMARY EARNINGS (LOSS) PER SHARE:
Net income (loss) $ (605,563) $ (1,722,701) $ 207,509
Less- Preferred stock dividend requirements (60,334) (63,170) (91,813)
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Net income (loss) applicable to common stockholders used for computation $ (665,897) $ (1,785,871) $ 115,696
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WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING 11,690,161 11,542,636 11,096,093
WEIGHTED AVERAGE INCREMENTAL SHARES OUTSTANDING UPON ASSUMED CONVERSION OF
OPTIONS AND WARRANTS - 7,273 531,290
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WEIGHTED AVERAGE COMMON SHARES AND COMMON SHARE EQUIVALENTS USED FOR COMPUTATION 11,690,161 11,549,909 11,627,383
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PRIMARY EARNINGS (LOSS) PER COMMON SHARE AND COMMON SHARE EQUIVALENT $(.06) $(.15) $.01
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COMPUTATION OF FULLY DILUTED EARNINGS (LOSS) PER SHARE:
Net income (loss) $ (605,563) $ (1,722,701) $ 207,509
Preferred stock dividend requirements (60,334) (63,170) (91,813)
Increase in net income applicable to Common Stock forPreferred stock
dividends not incurred upon assumed conversion of
preferred stock 60,334 63,170 91,813
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Net income (loss) applicable to common stockholders used for computation $ (605,563) $ (1,722,701) $ 207,509
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WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING 11,690,161 11,542,636 11,096,093
WEIGHTED AVERAGE INCREMENTAL SHARES OUTSTANDING UPON ASSUMED CONVERSION OF
OPTIONS AND WARRANTS - 7,273 531,290
WEIGHTED AVERAGE INCREMENTAL SHARES OUTSTANDING UPON ASSUMED CONVERSION OF THE
PREFERRED STOCK 731,542 766,659 1,102,547
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WEIGHTED AVERAGE SHARES USED FOR COMPUTATION 12,421,703 12,316,568 12,729,930
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EARNINGS (LOSS) PER COMMON SHARE AND COMMON SHARE EQUIVALENT ASSUMING FULL
DILUTION (a) $(.05)(a) $(.14)(a) $.02(a)
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(a) This calculation is submitted in accordance with Item 601(b)(11) of
Regulation S-K although it is not required by APB Opinion No. 15 because it
results in dilution of less than 3 percent or is antidilutive.