1
EXHIBIT 11
17
2
Computer Integration Corp.
and Subsidiary
Exhibit 11 - Statement Re: Computation of Per-Share Earnings
THREE MONTHS ENDED
SEPTEMBER 30
1995 1994
----------------------------
Primary:
Average shares outstanding 6,915,000 6,400,377
Net effect of dilutive stock options and
warrants--based on the treasury stock
method using average market price of
$1.76 and $1.00 per share in 1995 and
1994, respectively 218,864 14,850
---------------------------
Total 7,133,864 6,415,227
===========================
Net income applicable to common stock $1,284,623 $ 433,614
===========================
Per-share amount, net income applicable
to common stock $ .18 $ .07
===========================
Fully diluted:
Average shares outstanding 6,915,000 6,400,377
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 218,864 14,850
Assumed conversion of 9% Series A and
Series C cumulative, convertible,
redeemable preferred stock 1,270,000 988,696
---------------------------
Total 8,403,864 7,403,923
===========================
Net income applicable to common stock $1,284,623 $ 433,614
Add required dividends on Series A and
Series C cumulative, convertible,
redeemable preferred stock 54,562 39,058
---------------------------
Total $1,339,185 $ 472,672
===========================
Per share amount, net income applicable
to common stock $ .16 $ .06
===========================
18