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EXHIBIT 11
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Computer Integration Corp.
and Subsidiary
Exhibit 11 - Statement Re: Computation of Per-Share Earnings
THREE MONTHS ENDED
DECEMBER 31
1995 1994
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Primary:
Average shares outstanding 6,915,000 6,402,040
Net effect of dilutive stock options and warrants--
based on the treasury stock method using average
market price of $1.87 and $1.00 per share in 1995
and 1994, respectively 235,107 13,500
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Total 7,150,107 6,415,540
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Net income applicable to common stock $ 672,813 $ 119,606
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Per-share amount, net income applicable to common
stock $ .09 $ .02
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Fully diluted:
Average shares outstanding 6,915,000 6,402,040
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 13,500
Assumed conversion of 9% Series A and Series C
cumulative, convertible, redeemable preferred stock 1,270,000 1,270,000
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Total 8,420,107 7,685,540
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Net income applicable to common stock $ 672,813 $ 119,606
Add required dividends on Series A and Series C cumulative,
convertible, redeemable preferred stock 55,010 55,010
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Total $ 727,823 $ 174,616
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Per share amount, net income applicable to common stock $ .09 $ .02
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Computer Integration Corp.
and Subsidiary
Exhibit 11 - Statement Re: Computation of Per-Share Earnings (continued)
SIX MONTHS ENDED
DECEMBER 31
1995 1994
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Primary:
Average shares outstanding 6,915,000 6,401,208
Net effect of dilutive stock options and warrants--
based on the treasury stock method using average
market price of $1.87 and $1.00 per share in 1995
and 1994, respectively 235,107 13,500
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Total 7,150,107 6,414,708
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Net income applicable to common stock $1,956,988 $ 553,219
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Per-share amount, net income applicable to common
stock $ .27 $ .09
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Fully diluted:
Average shares outstanding 6,915,000 6,401,208
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 13,500
Assumed conversion of 9% Series A and Series C
cumulative, convertible, redeemable preferred stock 1,270,000 1,129,348
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Total 8,420,107 7,544,056
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Net income applicable to common stock $1,956,988 $ 553,219
Add required dividends on Series A and Series C cumulative,
convertible, redeemable preferred stock 110,020 94,069
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Total $2,067,008 $ 647,288
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Per share amount, net income applicable to
common stock $ .25 $ .09
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