1
Computer Integration Corp.
and Subsidiary
Exhibit 11 - Statement Re: Computation of Per-Share Earnings
Three months ended
December 31
1996 1995
-----------------------------
Primary:
Average shares outstanding 6,954,299 6,915,000
Net effect of dilutive stock options and warrants--based
on the treasury stock method using average market
price of $1.87 per share in 1995 - 235,107
-----------------------------
Total 6,954,299 7,150,107
=============================
Net income (loss) applicable to common stock $ (234,543) $ 672,813
=============================
Per-share amount, net income (loss) applicable to common stock $ (.03) $ .09
=============================
Fully diluted:
Average shares outstanding 6,954,299 6,915,000
Net effect of dilutive stock options and warrants--based on
the treasury stock method using the period end market
price, if higher than average market price - 235,107
Assumed conversion of 9% Series D and Series E cumulative,
convertible, redeemable preferred stock - 1,270,000
-----------------------------
Total 6,954,299 8,420,107
=============================
Net income (loss) applicable to common stock $ (234,543) $ 672,813
Add required dividends on Series D and Series E cumulative,
convertible, redeemable preferred stock - 55,010
-----------------------------
Total $ (234,543) $ 727,823
=============================
Per share amount, net income (loss) applicable to
common stock $ (.03) $ .09
=============================
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2
Computer Integration Corp.
and Subsidiary
Exhibit 11 -- Statement Re: Computation of Per-Share Earnings (continued)
Six months ended
December 31
1996 1995
-------------------------
Primary:
Average shares outstanding 6,951,246 6,915,000
Net effect of dilutive stock options and warrants--based on
the treasury stock method using average market price of
$1.64 and $1.87 per share in 1996 and 1995, respectively 200,780 235,107
--------------------------
Total 7,152,026 7,150,107
==========================
Net income applicable to common stock $ 317,968 $1,956,988
==========================
Per-share amount, net income applicable to common stock $ .04 $ .27
==========================
Fully diluted:
Average shares outstanding 6,951,246 6,915,000
Net effect of dilutive stock options and warrants--based on
the treasury stock method using the period end market
price, if higher than average market price 200,780 235,107
Assumed conversion of 9% Series D and Series E
cumulative, convertible, redeemable preferred stock 1,270,000 1,270,000
--------------------------
Total 8,422,026 8,420,107
==========================
Net income applicable to common stock $ 317,698 $1,956,988
Add required dividends on Series D and Series E cumulative,
convertible, redeemable preferred stock 110,022 110,020
--------------------------
Total $ 427,720 $2,067,008
==========================
Per share amount, net income applicable to common stock $ .05 $ .25
==========================
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