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Computer Integration Corp.
and Subsidiary
Exhibit (11)--Statement Re: Computation of Per Share Earnings
THREE MONTHS ENDED
SEPTEMBER 30
1996 1995
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Primary:
Average shares outstanding 6,948,193 6,915,000
Net effect of dilutive stock options and warrants--based on the
treasury stock method using average market price of $1.80 and
$1.76 per share in 1996 and 1995, respectively 244,222 218,864
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Total 7,192,415 7,133,864
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Net income applicable to common stock $ 552,241 $1,284,623
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Per-share amount $ .08 $ .18
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Fully diluted:
Average shares outstanding 6,948,193 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 244,222 218,864
Assumed conversion of 9% Series D and Series E cumulative, convertible,
redeemable preferred stock 1,270,000 1,270,000
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Total 8,462,415 8,403,864
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Net income applicable to common stock $ 552,241 $1,284,623
Add required dividends on Series D and Series E cumulative,
convertible, redeemable preferred stock 55,010 54,562
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Total $ 607,251 $1,339,185
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Per share amount $ .07 $ .16
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