1 EXHIBIT 11.1 AWARE, INC. COMPUTATION OF PRO FORMA NET INCOME PER COMMON SHARE (IN THOUSANDS EXCEPT PER SHARE DATA) YEAR ENDED THREE MONTHS ENDED ---------- ----------------------- DEC. 31, MARCH 31, MARCH 31, 1995 1995 1996 ---------- --------- --------- Net Income (Loss).......................................... $ (343) $ (87) $ 41 Weighted Average Number of Common and Common Equivalent Shares Outstanding: Common Stock............................................. 1,163 1,150 1,171 Common Stock Equivalent of Convertible Preferred......... -- -- 12,800 Common Stock Equivalent of Options....................... -- -- 256 ---------- --------- --------- Subtotal.............................................. 1,163 1,150 14,227 Effect of SAB 83......................................... 882 882 882 Total................................................. 2,045 2,032 15,109 Pro Forma Net Income per Common Share...................... $(0.17) $ (0.04) $ 0.00 ---------- --------- ---------