<TABLE>
    RESPONSE USA, INC.
    EARNINGS PER SHARE
    JUNE 30, 1996
<CAPTION>

                                                                                TOTAL     WEIGHTED     TOTAL      AVERAGE
       DATE      DATE                                          EXERCISE DAYS    SHARES     AVERAGE    PROCEEDS    PROCEEDS
      ISSUED    EXPIRE                TRANSACTION               PRICE   O/S     ISSUED    # SHARES   OBTAINABLE  OBTAINABLE
    ------------------------------------------------------------------------------------------------------------------------
    <S>                                                        <C>       <C>  <C>        <C>       <C>            <C> 
    OUTSTANDING SHARES:
    01-Jul-90            ORIGINAL ISSUANCE                               366      37,939     37,939
    17-Aug-90            PURCHASE OF SYSTEMS                             366       6,656      6,656
    13-May-91            ISSUED FOR ASSETS                               366         342        342
    30-Oct-92            PUBLIC OFFERING                                 366      80,000     80,000
    30-Oct-92            BRIDGE LOAN SHARES ISSUED                       366       3,450      3,450
    25-Nov-92            OVER-ALLOTMENT ISSUANCE                         366      12,000     12,000
    30-Jun-93            WARRANTS EXERCISED - GRANTED 2-16-93    0.008   366       5,000      5,000
    30-Jun-93            RESTRICTED OPTIONS EXERCISED            0.008   366       1,429      1,429
    30-Jun-93            RESTRICTED OPTIONS EXERCISED            0.008   366         136        136
    30-Jun-93            RESTRICTED OPTIONS EXERCISED            0.008   366         704        704
    30-Jun-93            RESTRICTED OPTIONS EXERCISED            0.008   366       1,250      1,250
    30-Jun-93            ADDITIONAL OPTIONS                      0.008   366       5,893      5,893
    12-May-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       3,572      3,572
    17-May-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       6,786      6,786
    21-May-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366         715        715
    25-May-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,429      1,429
    01-Jun-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,072      1,072
    02-Jun-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       6,072      6,072
    18-Jun-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       5,714      5,714
    21-Jun-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       2,143      2,143
    23-Jun-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       2,858      2,858
    25-Jun-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,072      1,072
    30-Jun-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       2,143      2,143
    06-Jul-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366         358        358
    09-Jul-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       7,858      7,858
    20-Jul-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,429      1,429
    29-Jul-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       2,858      2,858
    04-Aug-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,072      1,072
    05-Aug-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366         358        358
    13-Aug-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,072      1,072
    20-Aug-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       2,143      2,143
    25-Aug-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366         715        715
    07-Sep-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,072      1,072
    18-Oct-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       2,143      2,143
    19-Oct-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,429      1,429
    28-Oct-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       2,143      2,143
    03-Nov-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       2,500      2,500
    24-Nov-93            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366       1,429      1,429
    31-Jan-94            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366         715        715
    21-Mar-94            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366         715        715
    29-Mar-94            CONVERSION OF CONVERTIBLE NOTES #1       3.50   366         357        357
    11-Mar-96            CONVERSION OF CONVERTIBLE NOTES #1       3.50   111      14,286      4,333
    22-Mar-96            CONVERSION OF CONVERTIBLE NOTES #1/#2    3.50   100      35,715      9,758
    27-Mar-96            CONVERSION OF CONVERTIBLE NOTES #1       3.50    95       7,143      1,854
    09-Apr-96            CONVERSION OF CONVERTIBLE NOTES #1       3.50    82       3,572        800
    09-Apr-96            CONVERSION OF CONVERTIBLE NOTES #1       3.50    82       3,572        800
    26-Apr-96            CONVERSION OF CONVERTIBLE NOTES #1       4.50    65       2,778        493
    10-Jun-96            CONVERSION OF CONVERTIBLE NOTES #1/#2    1.50    20      67,553      3,691
    12-Jun-96            CONVERSION OF CONVERTIBLE NOTES #1       3.50    18       3,571        176
    14-Jun-96            CONVERSION OF CONVERTIBLE NOTES #1       5.75    16       4,348        190
    07-Jul-93            PRIVATE PLACEMENT                        2.50   366      60,000     60,000
    09-Jul-93            PRIVATE PLACEMENT                       0.008   366      15,000     15,000
    04-Mar-94            PURCHASE UVA/NSF (ORIG)                  1.73   366      31,893     31,893
    04-Mar-94            PURCHASE UVA/NSF (ORIG)                  1.73   366      11,676     11,676
    24-Feb-95            PURCHASE UVA/NSF - GUARANTEE            0.375   366       3,126      3,126
    24-Feb-95            PURCHASE UVA/NSF - GUARANTEE            0.375   366       7,838      7,838
    24-Feb-95            PURCHASE UVA/NSF - GUARANTEE            0.375   366      22,199     22,199
    30-Jun-95            PURCHASE UVA/NSF - GUARANTEE          0.40625   366      29,940     29,940
    30-Jun-95            PURCHASE UVA/NSF - GUARANTEE          0.40625   366      27,823     27,823
    30-Jun-95            PURCHASE UVA/NSF - GUARANTEE          0.40625   366       3,650      3,650
    30-Jun-95            PURCHASE UVA/NSF - GUARANTEE          0.40625   366       4,717      4,717
    30-Jun-95            PURCHASE UVA/NSF - GUARANTEE          0.40625   366       7,599      7,599
    30-Jun-95            PURCHASE UVA/NSF - GUARANTEE          0.40625   366      11,735     11,735
    30-Jun-95            PURCHASE UVA/NSF - GUARANTEE          0.40625   366       1,378      1,378
    29-Dec-95            PURCHASE UVA/NSF - GUARANTEE (BB)        3.75   184       4,000      2,011
    02-Feb-96            PURCHASE UVA/NSF - GUARANTEE             5.00   149       9,177      3,736
    02-Feb-96            PURCHASE UVA/NSF - GUARANTEE             5.00   149       9,177      3,736
    12-Mar-96            PURCHASE UVA/NSF - GUARANTEE             4.39   110       6,200      1,863
    12-Mar-96            PURCHASE UVA/NSF - GUARANTEE             4.39   110       6,100      1,833
    12-Mar-96            PURCHASE UVA/NSF - GUARANTEE             4.42   110       4,200      1,262
    12-Mar-96            PURCHASE UVA/NSF - GUARANTEE             4.32   110       3,225        969
    31-May-96            PURCHASE UVA/NSF - GUARANTEE             7.00    30       1,400        115
    30-Jun-96            PURCHASE UVA/NSF - GUARANTEE            0.008     0      11,500          0
    30-Nov-95            PURCHASE USS - GUARANTEE (SL)            3.75   213      18,354     10,681
    18-Jan-96            PURCHASE USS - GUARANTEE (SL)           4.125   164      23,862     10,692
    14-Jul-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      11,000     11,000
    21-Jul-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      46,000     46,000
    22-Jul-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      16,000     16,000
    26-Jul-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      26,000     26,000
    02-Aug-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      13,000     13,000
    11-Aug-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      10,000     10,000
    16-Aug-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366       2,000      2,000
    18-Aug-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366       8,000      8,000
    24-Aug-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      16,000     16,000
    26-Aug-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      18,000     18,000
    06-Sep-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366      13,000     13,000
    09-Sep-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366       2,000      2,000
    23-Sep-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366       8,000      8,000
    04-Oct-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366       2,000      2,000
    07-Oct-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366       2,000      2,000
    14-Oct-94            CONVERSION OF CONVERTIBLE NOTES #2       1.25   366       4,000      4,000
    09-Apr-96            CONVERSION OF CONVERTIBLE NOTES #2       3.50    82       7,143      1,600
    01-May-96            CONVERSION OF CONVERTIBLE NOTES #2       5.00    60       2,500        410
    02-Aug-94            PURCHASE TOTAL SECURITY ACCOUNTS         1.00   366       7,500      7,500
    02-Aug-94            PURCHASE VAULT ACCOUNTS                  1.00   366       1,640      1,640
    24-Feb-95            PURCHASE VAULT ACCOUNTS                  1.00   366       1,860      1,860
    01-Nov-94            PURCHASE UNIVERSAL                       0.75   366      75,689     75,689
    22-Nov-94            PURCHASE ERS                             1.00   366      10,000     10,000
    22-Nov-94            PURCHASE ERS - McGinn                   0.008   366      10,000     10,000
    31-May-96            PURCHASE ERS - GUARANTEE (SPIEGELMANS)   7.00    30       6,000        492
    24-Feb-95            MONITOR ACQUISITION CORP.             0.34375   366      15,000     15,000
    12-May-95            PURCHASE ALERT CENTRE - McGinn        0.40625   366      22,500     22,500
    12-Jul-95            DELAWARE ACQUISITION - KEYSER         0.40625   354      10,000      9,672
    15-Jul-95            WESTERGARD (CONSULTING)               0.40625   351       2,000      1,918
    25-Jul-95            DELAWARE ACQUISITION - MCGINN         0.46875   341      15,000     13,975
    04-Dec-95            ERS - N/P Pay-off                        4.60   209      32,000     18,273
    06-Dec-95            EXERCISE CLASS C WARRANTS                3.75   207      10,800      6,108
    08-Dec-95            EXERCISE CLASS C WARRANTS                3.75   205       3,000      1,680
    14-Dec-95            EXERCISE CLASS C WARRANTS                3.75   199       4,000      2,175
    19-Dec-95            EXERCISE CLASS C WARRANTS                3.75   194       2,000      1,060
    31-Dec-95            EXERCISE CLASS C WARRANTS                3.75   182         500        249
    30-Mar-96            EXERCISE CLASS C WARRANTS (HI-TEL)       3.50    92      17,500      4,399
    04-Jun-96            EXERCISE CLASS C WARRANTS               5.625    26       4,000        284
    10-Jun-96            EXERCISE CLASS C WARRANTS                3.75    20       3,500        191
    12-Jun-96            EXERCISE CLASS C WARRANTS               5.625    18       5,000        246
    18-Jun-96            EXERCISE CLASS C WARRANTS                3.75    12       1,000         33
    20-Jun-96            EXERCISE CLASS C WARRANTS               5.625    10       7,000        191
    20-Jun-96            EXERCISE CLASS C WARRANTS               5.625    10      10,000        273
    20-Jun-96            EXERCISE CLASS C WARRANTS               5.825    10       2,000         55
    20-Jun-96            EXERCISE CLASS C WARRANTS               5.631    10         500         14
    25-Jun-96            EXERCISE CLASS C WARRANTS                3.75     5       2,000         27
    09-Nov-95            CONVERSION OF CONVERTIBLE NOTES #3       0.30   234      75,000     47,951
    13-Nov-95            CONVERSION OF CONVERTIBLE NOTES #3      0.275   230       9,091      5,713
    16-Nov-95            CONVERSION OF CONVERTIBLE NOTES #3       2.00   227      74,306     46,086
    17-Nov-95            CONVERSION OF CONVERTIBLE NOTES #3       2.00   226      75,000     46,311
    21-Nov-95            CONVERSION OF CONVERTIBLE NOTES #3       2.25   222      83,339     50,550
    21-Nov-95            CONVERSION OF CONVERTIBLE NOTES #3       2.25   222      11,112      6,740
    21-Nov-95            CONVERSION OF CONVERTIBLE NOTES #3       2.00   222      12,500      7,582
    21-Nov-95            CONVERSION OF CONVERTIBLE NOTES #3       2.25   222      38,891     23,590
    30-Apr-96            CONVERSION OF CONVERTIBLE NOTES #3       3.75    61       6,667      1,111
    01-May-96            CONVERSION OF CONVERTIBLE NOTES #3       3.75    60       3,334        547
    18-Jan-96            EXERCISE WARRANT (BOULDER)               3.50   164      25,000     11,202
    31-Jan-96            EXERCISE WARRANT (BOULDER)               3.50   151      12,500      5,157
    20-Feb-96            EXERCISE WARRANT (BOULDER)               3.50   131      12,500      4,474
    23-Feb-96            EXERCISE WARRANT (BOULDER)               3.50   128      62,500     21,858
    01-Mar-96            EXERCISE WARRANT (BOULDER)               3.50   121      60,000     19,836
    06-Mar-96            EXERCISE WARRANT (BOULDER)               3.50   116      70,000     22,186
    21-Mar-96            EXERCISE WARRANT (BOULDER)               3.50   101      25,000      6,899
    01-Apr-96            EXERCISE WARRANT (BOULDER)               3.50    90      35,000      8,607
    04-Apr-96            EXERCISE WARRANT (BOULDER)               3.50    87      25,000      5,943
    11-Apr-96            EXERCISE WARRANT (BOULDER)               3.50    80      75,000     16,393
    17-Apr-96            EXERCISE WARRANT (BOULDER)               3.50    74     100,000     20,219
    18-Apr-96            EXERCISE WARRANT (BOULDER)               3.50    73      50,000      9,973
    26-Apr-96            EXERCISE WARRANT (BOULDER)               3.50    65      75,000     13,320
    01-May-96            EXERCISE WARRANT (BOULDER)               3.50    60     100,000     16,393
    02-May-96            EXERCISE WARRANT (BOULDER)               3.50    59     100,000     16,120
    14-May-96            EXERCISE WARRANT (BOULDER)               2.50    47     100,000     12,842
    14-May-96            EXERCISE WARRANT (BOULDER)               3.50    47       2,500        321
    21-May-96            EXERCISE WARRANT (BOULDER)               2.50    40     125,000     13,661
    23-May-96            EXERCISE WARRANT (BOULDER)               2.50    38      70,000      7,268
    14-Jun-96            EXERCISE WARRANT (BOULDER)               2.50    16     125,000      5,464
    10-Jun-96            R. RUBIN (BOULDER-COMMISSION)            2.50    20      60,000      3,279
    02-Feb-96            EXERCISE OPTIONS (J.B.)                  3.75   149       2,500      1,018
    15-Feb-96            EXERCISE OPTIONS (R.B.)                  2.50   136      25,000      9,290
    15-Feb-96            EXERCISE OPTIONS (R.F.)                  2.50   136      25,000      9,290
    07-Feb-96            UNIVERSAL BURG & FIRE - HOLDBACK         4.99   144       7,500      2,951
    12-Mar-96            ACCURATE - HOLDBACK                      4.68   110       7,000      2,104
    12-Mar-96            SHELTON - HOLDBACK (IN ESCROW)          0.008   110      50,000     15,027
    28-Feb-96            PURCHASE MAC                             4.99   123     127,868     42,972
    15-May-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    46     149,998     18,852
    16-May-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    45      52,774      6,489
    17-May-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    44      11,111      1,336
    22-May-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    39      41,663      4,440
    31-May-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    30       5,555        455
    04-Jun-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    26      13,887        987
    10-Jun-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    20       5,555        304
    12-Jun-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    18      30,552      1,503
    13-Jun-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    17      11,111        516
    20-Jun-96            CONVERSION OF CONVERTIBLE NOTES #4       4.50    10       5,555        152
    08-May-96            EXERCISE WARRANTS (Kuzon)                3.50    53      17,500      2,534
    17-May-96            EXERCISE WARRANTS                        3.75    44       2,000        240
    22-May-96            EXERCISE WARRANTS                        3.75    39         500         53
    04-Jun-96            N/P STOCKHOLDERS (TH/JC)                 6.92    26      44,500      3,161
    10-Jun-96            N/P STOCKHOLDERS (RR)                    2.50    20      84,208      4,602
    03-Jun-96            CONVERSION OF CONVERTIBLE NOTES - MCGI   3.26    27     133,436      9,844
    30-Jun-96            MCGINN ANTIDILUTIVE SHARES              0.008     0     115,251          0
                                                                             -----------------------
              TOTAL OUTSTANDING SHARES                                         3,854,944  1,536,537
                                                                             =======================
    COMMON STOCK EQUIVALENTS:
    30-Aug-90  31-Jan-96 RESTRICTED OPTIONS                      $2.80   366       7,142      7,142     $19,998     $19,998
    30-Aug-90  31-Jan-97 RESTRICTED OPTIONS                       2.80   366       7,142      7,142      19,998     $19,998
    30-Jun-93  31-Jan-97 RESTRICTED OPTIONS EXERCISED             2.80   366     (14,284)   (14,284)    (39,995)   ($39,995)
    31-Jan-91  31-Jan-96 RESTRICTED OPTIONS                       7.00   366      21,428     21,428     149,996    $149,996
    31-Jan-91  31-Jan-96 RESTRICTED OPTIONS CANCELLED             7.00   366     (20,070)   (20,070)   (140,490)  ($140,490)
    30-Jun-93  31-Jan-96 RESTRICTED OPTIONS EXERCISED             7.00   366      (1,358)    (1,358)     (9,506)    ($9,506)
    31-Jan-91  31-Jan-96 RESTRICTED OPTIONS (E.E.)               70.00   366       7,142      7,142     499,940    $499,940
    31-Jan-91  31-Jan-96 RESTRICTED OPTIONS (E.E.) Reverse       70.00   366      (6,427)    (6,427)   (449,890)  ($449,890)
    31-Jan-91  31-Jan-96 RESTRICTED OPTIONS (E.E.) EXPIRED       70.00   366        (715)      (715)    (50,050)   ($50,050)
    15-Nov-91  15-Nov-96 RESTRICTED OPTIONS                       4.20   366      10,714     10,714      44,999     $44,999
    15-Nov-91  15-Nov-96 RESTRICTED OPTIONS CANCELLED             4.20   366      (3,680)    (3,680)    (15,456)   ($15,456)
    30-Jun-93  15-Nov-96 RESTRICTED OPTIONS EXERCISED             4.20   366      (7,034)    (7,034)    (29,543)   ($29,543)
    02-Jan-92  02-Jan-97 RESTRICTED OPTIONS                       3.50   366      12,500     12,500      43,750     $43,750
    30-Jun-93  02-Jan-97 RESTRICTED OPTIONS EXERCISED             3.50   366     (12,500)   (12,500)    (43,750)   ($43,750)
    02-Jan-92  02-Jan-97 RESTRICTED OPTIONS (S.A.)                3.75   366       3,571      3,571      13,391     $13,391
    02-Jan-92  02-Jan-97 RESTRICTED OPTIONS - REVRSE STCK SPLIT   3.75   366      (3,213)    (3,213)    (12,049)   ($12,049)
    02-Jan-92  02-Jan-97 RESTRICTED OPTIONS CANCELLED             3.75   366        (358)      (358)     (1,343)    ($1,343)
    30-Oct-92  30-Oct-95 RESTRICTED OPTIONS                       3.75   366      15,000     15,000      56,250     $56,250
    30-Oct-92  30-Oct-95 RESTRICTED OPTIONS - REVERSE             3.75   366     (13,500)   (13,500)    (50,625)   ($50,625)
    30-Oct-92  30-Oct-95 RESTRICTED OPTIONS EXPIRED               3.75   366      (1,500)    (1,500)     (5,625)    ($5,625)
    30-Oct-92  30-Oct-95 RESTRICTED OPTIONS                      52.50   366       5,000      5,000     262,500    $262,500
    30-Oct-92  30-Oct-95 RESTRICTED OPTIONS EXPIRED              52.50   366      (5,000)    (5,000)   (262,500)  ($262,500)
    16-Feb-94  28-Feb-99 RESTRICTED OPTIONS                       3.75   366      15,000     15,000      56,250     $56,250
    16-Feb-94  28-Feb-99 RESTRICTED OPTIONS - REVRSE STCK SPLIT   3.75   366     (13,500)   (13,500)    (50,625)   ($50,625)
    16-Feb-94  28-Feb-99 RESTRICTED OPTIONS CANCELLED             3.75   366      (1,500)    (1,500)     (5,624)    ($5,625)
    15-Nov-95  14-Nov-04 RESTRICTED OPTIONS (SA)                 3.875   228      13,358      8,321      51,763     $32,245
    15-Nov-95  14-Nov-04 RESTRICTED OPTIONS (MG)                 3.875   228      15,000      9,344      58,126     $36,209

    02-Jan-92  02-Jan-97 RESTRICTED OPTIONS (Consultants)        35.00   366      83,929     83,929   2,937,515  $2,937,515
    02-Jan-92  02-Jan-97 RESTRICTED OPTIONS CANCELLED            35.00   366      (6,250)    (6,250)   (218,750)  ($218,750)
    30-Jun-93  02-Jan-97 RESTRICTED OPTIONS EXERCISED            35.00   366     (58,929)   (58,929) (2,062,515)($2,062,515)
    30-Jun-93  02-Jan-97 RESTRICTED OPTIONS (Consult) Reverse    35.00   366     (16,875)   (16,875)   (590,625)  ($590,625)
    30-Jun-93  02-Jan-97 RESTRICTED OPTIONS CANCELLED            35.00   366      (1,250)    (1,250)    (43,750)   ($43,750)
    07-Sep-94  07-Sep-04 RESTRICTED OPTIONS (Consultants R.R.)    3.75   366     150,000    150,000     562,500    $562,500
    01-Feb-95  01-Feb-05 RESTRICTED OPTIONS (Consultants R.R.)    3.75   366     150,000    150,000     562,500    $562,500
    07-Sep-94  07-Sep-04 RESTRICTED OPTIONS CANCELLED             3.75   366    (150,000)  (150,000)   (562,500)  ($562,500)
    01-Feb-95  01-Feb-05 RESTRICTED OPTIONS CANCELLED             3.75   366    (150,000)  (150,000)   (562,500)  ($562,500)
    15-Nov-95  14-Nov-04 RESTRICTED OPTIONS (Consultants R.R.)    2.50   228     300,000    186,885     750,000    $467,213
    01-Aug-95  31-Jul-05 RESTRICTED OPTIONS (Consultants LPI)     4.45   334      41,250     37,643     183,563    $167,513

    01-Feb-95  01-Feb-05 RESTRICTED OPTIONS (Director - SL)       3.75   366      25,000     25,000      93,750     $93,750
    01-Feb-95  01-Feb-05 RESTRICTED OPTIONS (SL) Reverse Split    3.75   366     (22,500)   (22,500)    (84,375)   ($84,375)
    01-Feb-95  01-Feb-05 RESTRICTED OPTIONS (SL) CANCELLED        3.75   366      (2,500)    (2,500)     (9,375)    ($9,375)
    01-Feb-95  01-Feb-05 RESTRICTED OPTIONS (Director - JB)       3.75   366      25,000     25,000      93,750     $93,750
    01-Feb-95  01-Feb-05 RESTRICTED OPTIONS (JB) Reverse Split    3.75   366     (22,500)   (22,500)    (84,375)   ($84,375)
    01-Feb-95  01-Feb-05 RESTRICTED OPTIONS (JB) EXERCISED        3.75   366      (2,500)    (2,500)     (9,375)    ($9,375)
    15-Nov-95  14-Nov-04 RESTRICTED OPTIONS (Director - SL)      3.875   228       2,500      1,557       9,688      $6,035

    28-Aug-92  28-Aug-97 EMPLOYMENT AGREEMENT OPTIONS (R.B.)      3.75   366     133,333    133,333     499,999    $499,999
    31-Aug-94  31-Aug-04 EMPLOYMENT AGREEMENT OPTIONS (R.B.)      3.75   366     300,000    300,000   1,125,000  $1,125,000
    01-Feb-95  01-Feb-05 EMPLOYMENT AGREEMENT OPTIONS (R.B.)      3.75   366     300,000    300,000   1,125,000  $1,125,000
    28-Aug-92  28-Aug-97 EMPLOYMENT OPTIONS (R.B.) CANCELLED      3.75   366    (733,333)  (733,333) (2,749,999)($2,749,999)
    28-Aug-92  28-Aug-97 EMPLOYMENT AGREEMENT OPTIONS (R.F.)      3.75   366      85,067     85,067     319,001    $319,001
    31-Aug-94  31-Aug-04 EMPLOYMENT AGREEMENT OPTIONS (R.F.)      3.75   366     100,000    100,000     375,000    $375,000
    01-Feb-95  01-Feb-05 EMPLOYMENT AGREEMENT OPTIONS (R.F.)      3.75   366     100,000    100,000     375,000    $375,000
    28-Aug-92  28-Aug-97 EMPLOYMENT OPTIONS (R.F.) CANCELLED      3.75   366    (285,067)  (285,067) (1,069,001)($1,069,001)
    28-Aug-92  28-Aug-97 EMPLOYMENT AGREEMENT OPTIONS (H.L.)      5.00   366     181,600    181,600     908,000    $908,000
    28-Aug-92  28-Aug-97 EMPLOYMENT OPTIONS (H.L.) CANCELLED      5.00   366    (181,600)  (181,600)   (908,000)  ($908,000)
    04-Mar-94  31-Mar-99 EMPLOYMENT AGREEMENT OPTIONS (T.H.)      3.75   366     300,000    300,000   1,125,000  $1,125,000
    04-Mar-94  31-Mar-99 EMPLOYMENT OPTIONS (T.H.) CANCELLED      3.75   366    (300,000)  (300,000) (1,125,000)($1,125,000)
    04-Mar-94  31-Mar-99 EMPLOYMENT AGREEMENT OPTIONS (J.C.)      3.75   366     300,000    300,000   1,125,000  $1,125,000
    04-Mar-94  31-Mar-99 EMPLOYMENT OPTIONS (J.C.) CANCELLED      3.75   366    (300,000)  (300,000) (1,125,000)($1,125,000)
    15-Nov-95  14-Nov-04 EMPLOYMENT AGREEMENT OPTIONS (R.B.)      2.50   228     733,333    456,830   1,833,333  $1,142,076
    15-Nov-95  14-Nov-04 EMPLOYMENT OPTIONS (R.B.) EXERCISED      2.50   228     (25,000)   (15,574)    (62,500)   ($38,934)
    15-Nov-95  14-Nov-04 EMPLOYMENT AGREEMENT OPTIONS (R.F.)      2.50   228     285,067    177,583     712,668    $443,957
    15-Nov-95  14-Nov-04 EMPLOYMENT OPTIONS (R.F.) EXERCISED      2.50   228     (25,000)   (15,574)    (62,500)   ($38,934)
    15-Nov-95  14-Nov-04 EMPLOYMENT AGREEMENT OPTIONS (T.H.)      2.50   228     300,000    186,885     750,000    $467,213
    15-Nov-95  14-Nov-04 EMPLOYMENT AGREEMENT OPTIONS (J.C.)      2.50   228     300,000    186,885     750,000    $467,213

    30-Mar-92    NONE    BRIDGE LOAN SHARES ISSUABLE             0.008   366      30,000     30,000         240        $240
    23-Jun-92    NONE    BRIDGE LOAN SHARES ISSUABLE             0.008   366       4,500      4,500          36         $36
    30-Oct-92    NONE    BRIDGE LOAN SHARES ISSUED               0.008   366     (34,500)   (34,500)       (276)      ($276)

    30-Oct-92  30-Oct-95 INCENTIVE OPTIONS (RAS)                  5.25   366      30,500     30,500     160,125    $160,125
    30-Oct-92  30-Oct-95 INCENTIVE OPTIONS (RAS) EXPIRED          5.25   366     (30,500)   (30,500)   (160,125)  ($160,125)
    16-Feb-94  28-Feb-99 INCENTIVE OPTIONS (RAS)                 16.25   366      37,000     37,000     601,250    $601,250
    16-Feb-94  28-Feb-99 INCENTIVE OPTIONS (RAS) CANCELLED       16.25   366     (18,500)   (18,500)   (300,625)  ($300,625)
    16-Feb-94  28-Feb-99 INCENTIVE OPTIONS (RAS) REVERSE SPLIT   16.25   366     (16,650)   (16,650)   (270,563)  ($270,563)
    20-Apr-94  30-Apr-99 INCENTIVE OPTIONS (UVS)                 12.50   366      35,000     35,000     437,500    $437,500
    20-Apr-94  30-Apr-99 INCENTIVE OPTIONS (UVS) CANCELLED       12.50   366     (15,500)   (15,500)   (193,750)  ($193,750)
    20-Apr-94  30-Apr-99 INCENTIVE OPTIONS (USS) REVERSE SPLIT   12.50   366     (17,550)   (17,550)   (219,375)  ($219,375)
    22-Dec-94  22-Dec-99 INCENTIVE OPTIONS (UVS)                  5.00   366      13,000     13,000      65,000     $65,000
    22-Dec-94  22-Dec-99 INCENTIVE OPTIONS (UVS) CANCELLED        5.00   366      (8,000)    (8,000)    (40,000)   ($40,000)
    22-Dec-94  22-Dec-99 INCENTIVE OPTIONS (USS) REVERSE SPLIT    5.00   366      (4,500)    (4,500)    (22,500)   ($22,500)
    27-Nov-95  27-Nov-01 INCENTIVE OPTIONS (USA)                 3.875   216      62,750     63,250      63,250    $143,502

    30-Oct-92  22-Oct-97 CLASS A WARRANTS - IPO                   4.50   366      80,000     80,000     360,000    $360,000
    30-Oct-92  22-Oct-97 CLASS B WARRANTS - IPO                   5.50   366      80,000     80,000     440,000    $440,000
    25-Nov-92  22-Oct-97 CLASS A WARRANTS - OVER ALLOTMENT        4.50   366      12,000     12,000      54,000     $54,000
    25-Nov-92  22-Oct-97 CLASS B WARRANTS - OVER ALLOTMENT        5.50   366      12,000     12,000      66,000     $66,000
    30-Oct-92  30-Oct-96 CLASS A UNDERWRITER WARRANTS             4.50   366       8,000      8,000      36,000     $36,000
    30-Oct-92  22-Oct-97 CLASS A WTS UNDERLYING U/W WTS           4.50   366       8,000      8,000      36,000     $36,000
    30-Oct-92  22-Oct-97 CLASS B WTS UNDERLYING U/W WTS           5.50   366       8,000      8,000      44,000     $44,000
    25-Nov-92  25-Nov-96 CLASS A UNDERWRITER WARRANTS             4.50   366       1,200      1,200       5,400      $5,400
    25-Nov-92  22-Oct-97 CLASS A WTS UNDERLYING U/W WTS           4.50   366       1,200      1,200       5,400      $5,400
    25-Nov-92  22-Oct-97 CLASS B WTS UNDERLYING U/W WTS           5.50   366       1,200      1,200       6,600      $6,600
    16-Feb-93    NONE    WARRANTS                                0.008   366      50,000     50,000         400        $400
    30-Jun-93    NONE    WARRANTS EXERCISED                      0.008   366     (50,000)   (50,000)       (400)      ($400)
    24-Mar-93  31-Mar-96 CLASS B WARRANTS                         5.50   366      17,858     17,858      98,219     $98,219
    31-Mar-93  31-Mar-96 CLASS B WARRANTS                         5.50   366      19,286     19,286     106,073    $106,073
    07-Apr-93  31-Mar-96 CLASS B WARRANTS                         5.50   366      14,643     14,643      80,537     $80,537
    22-Apr-93  31-Mar-96 CLASS B WARRANTS                         5.50   366      17,143     17,143      94,287     $94,287
    26-Apr-93  31-Mar-96 CLASS B WARRANTS                         5.50   366       2,142      2,142      11,781     $11,781
    22-Nov-93  31-Mar-96 CLASS B WARRANTS-PLACEMENT AGENT         5.50   366       7,108      7,108      39,094     $39,094
    22-Nov-93  31-Mar-96 CLASS A WARRANTS (ORIG HOLDERS)          4.50   366      14,215     14,215      63,968     $63,968
    15-Dec-93  30-Nov-96 CLASS A WARRANTS                         4.50   366     133,000    133,000     598,500    $598,500
    15-Dec-93  30-Nov-96 CLASS B WARRANTS                         5.50   366     133,000    133,000     731,500    $731,500
    15-Dec-93  30-Nov-96 CLASS A WARRANTS-PLACEMENT AGENT         4.50   366      13,300     13,300      59,850     $59,850
    15-Dec-93  30-Nov-96 CLASS B WARRANTS-PLACEMENT AGENT         5.50   366      13,300     13,300      73,150     $73,150
    15-Dec-93  30-Nov-96 CLASS B WARRANTS-PLACEMENT AGENT         5.50   366       2,000      2,000      11,000     $11,000
    30-Dec-93  30-Nov-96 CLASS A WARRANTS                         4.50   366      71,000     71,000     319,500    $319,500
    30-Dec-93  30-Nov-96 CLASS B WARRANTS                         5.50   366      71,000     71,000     390,500    $390,500
    30-Dec-93  30-Nov-96 CLASS A WARRANTS-PLACEMENT AGENT         4.50   366       7,100      7,100      31,950     $31,950
    30-Dec-93  30-Nov-96 CLASS B WARRANTS-PLACEMENT AGENT         5.50   366       7,100      7,100      39,050     $39,050
    18-Jan-94  30-Nov-96 CLASS A WARRANTS                         4.50   366      11,000     11,000      49,500     $49,500
    18-Jan-94  30-Nov-96 CLASS B WARRANTS                         5.50   366      11,000     11,000      60,500     $60,500
    18-Jan-94  30-Nov-96 CLASS A WARRANTS-PLACEMENT AGENT         4.50   366       1,100      1,100       4,950      $4,950
    18-Jan-94  30-Nov-96 CLASS B WARRANTS-PLACEMENT AGENT         5.50   366       1,100      1,100       6,050      $6,050
    08-Feb-94  30-Nov-96 CLASS A WARRANTS                         4.50   366       3,000      3,000      13,500     $13,500
    08-Feb-94  30-Nov-96 CLASS B WARRANTS                         5.50   366       3,000      3,000      16,500     $16,500
    08-Feb-94  30-Nov-96 CLASS A WARRANTS-PLACEMENT AGENT         4.50   366         300        300       1,350      $1,350
    08-Feb-94  30-Nov-96 CLASS B WARRANTS-PLACEMENT AGENT         5.50   366         300        300       1,650      $1,650
    10-Mar-95  15-Jan-00 CLASS C WARRANTS - 12%                   3.75   366      20,000     20,000      75,000     $75,000
    17-Mar-95  15-Jan-00 CLASS C WARRANTS - 12%                   3.75   366      10,000     10,000      37,500     $37,500
    07-Apr-95  15-Jan-00 CLASS C WARRANTS - 12%                   3.75   366       4,500      4,500      16,875     $16,875
    21-Apr-95  15-Jan-00 CLASS C WARRANTS - 12%                   3.75   366       2,000      2,000       7,500      $7,500
    10-Mar-96  15-Jan-00 CLASS C WARRANTS - EXERCISED 12%         3.75   112     (20,000)    (6,120)    (75,000)   ($22,951)
    17-Mar-96  15-Jan-00 CLASS C WARRANTS - EXERCISED 12%         3.75   105      (9,300)    (2,668)    (34,875)   ($10,005)
    31-Mar-95  15-Jan-00 CLASS C WARRANTS-PLACEMENT AGENTS        3.75   366      20,000     20,000      75,000     $75,000
    31-Mar-96  15-Jan-00 CLASS A WARRANTS-PLACEMENT AGENTS        4.50    91      92,000     22,874     414,000    $102,934
    28-Jul-95  30-Jun-97 CLASS C WARRANTS - McGinn 13.8%          3.26   338       6,667      6,157      21,734     $20,072
    04-Oct-95  30-Jun-97 CLASS C WARRANTS - McGinn 13.8%          3.26   270       6,667      4,918      21,734     $16,034
    01-Dec-95  30-Jun-97 CLASS C WARRANTS - McGinn 13.8%          3.26   212       6,666      3,861      21,731     $12,587
    10-Jan-96  31-Dec-97 CLASS C WARRANTS - 10%                  5.625   172      27,000     12,689     151,875     $71,373
    22-Jan-96  31-Dec-97 CLASS C WARRANTS - 10%                  5.625   160      17,000      7,432      95,625     $41,803
    31-Jan-96  31-Dec-97 CLASS C WARRANTS - 10%                  5.625   151      12,000      4,951      67,500     $27,848
    28-Feb-96  31-Dec-97 CLASS C WARRANTS - 10%                  5.625   123       5,000      1,680      28,125      $9,452
    10-Jan-96  31-Dec-97 CLASS C WARRANTS - EXERCISED 10%        5.625   172     (27,000)   (12,689)   (151,875)   ($71,373)
    22-Jan-96  31-Dec-97 CLASS C WARRANTS - EXERCISED 10%        5.625   160      (1,500)      (656)     (8,438)    ($3,689)
    30-Jun-96  30-Jun-01 WARRANTS - ECC CONSULTING               5.125     0     200,000          0   1,025,000          $0
    30-Jun-96  01-Jul-00 WARRANTS - BWF CONSULTING - MELLON       4.50     0     100,000          0     450,000          $0
    30-Jun-96  30-Jun-01 WARRANTS - ZANNETT CAPITAL - PREFERRED   6.13     0     500,000          0   3,065,000          $0
    30-Jun-96  30-Jun-01 WARRANTS - ZANNETT CAPITAL - PREFERRED   8.00     0     250,000          0   2,000,000          $0
    30-Jun-96  30-Jun-00 WARRANTS - BWF CONSULTING - PREFERRED    4.50     0      75,000          0     337,500          $0
    30-Jun-96  30-Jun-06 WARRANTS - PUT OPTIONS - MELLON          3.25     0   1,032,135          0   3,354,439          $0
                                                                               ---------  ---------   ---------   ---------
              TOTAL COMMON STOCK EQUIVALENTS                                   5,122,613  2,173,487 $20,068,512  $7,736,439
                                                                               =========  =========   =========   =========
    OTHER POTENTIALLY DILUTIVE SECURITIES:
    24-Mar-93  31-Mar-96 $625,000 CONVERTIBLE NOTES 7%            3.50   366     178,571    178,571    $624,999    $624,999
    31-Mar-93  31-Mar-96 $675,000 CONVERTIBLE NOTES 7%            3.50   366     192,857    192,857    $675,000    $675,000
    07-Apr-93  31-Mar-96 $512,500 CONVERTIBLE NOTES 7%            3.50   366     146,429    146,429    $512,502    $512,502
    22-Apr-93  31-Mar-96 $600,000 CONVERTIBLE NOTES 7%            3.50   366     171,429    171,429    $600,002    $600,002
    26-Apr-93  31-Mar-96 $75,000 CONVERTIBLE NOTES 7%             3.50   366      21,428     21,428     $74,998     $74,998
    15-Dec-93  30-Nov-96 $1,662,500 CONVERTIBLE NOTES 5%          1.25   366   1,330,000  1,330,000  $1,662,500  $1,662,500
    30-Dec-93  30-Nov-96 $887,500 CONVERTIBLE NOTES 5%            1.25   366     710,000    710,000    $887,500    $887,500
    18-Jan-94  30-Nov-96 $137,500 CONVERTIBLE NOTES 5%            1.25   366     110,000    110,000    $137,500    $137,500
    08-Feb-94  30-Nov-96 $37,500 CONVERTIBLE NOTES 5%             1.25   366      30,000     30,000     $37,500     $37,500
    10-Mar-95  31-Dec-96 $500,000 CONVERTIBLE NOTES 12%           2.50   366     200,000    200,000    $500,000    $500,000
    17-Mar-95  31-Dec-96 $250,000 CONVERTIBLE NOTES 12%           2.50   366     100,000    100,000    $250,000    $250,000
    07-Apr-95  31-Dec-96 $112,500 CONVERTIBLE NOTES 12%           2.50   366      45,000     45,000    $112,500    $112,500
    21-Apr-95  31-Dec-96 $50,000 CONVERTIBLE NOTES 12%            2.50   366      20,000     20,000     $50,000     $50,000
                         Adjust for Reverse Stock Split/Price            366  (2,394,238)(2,394,238)($4,256,309)($4,256,309)
    10-Jan-96  31-Dec-97 $675,000 CONVERTIBLE NOTES 10%           4.50   172     150,000     70,492    $675,000    $317,213
    22-Jan-96  31-Dec-97 $425,000 CONVERTIBLE NOTES 10%           4.50   160      94,444     41,287    $425,000    $185,792
    31-Jan-96  31-Dec-97 $300,000 CONVERTIBLE NOTES 10%           4.50   151      66,667     27,505    $300,000    $123,770
    28-Feb-96  31-Dec-97 $125,000 CONVERTIBLE NOTES 10%           4.50   123      27,778      9,335    $125,000     $42,008
    28-Jul-95  30-Jun-97 $145,000 CONVERTIBLE NOTES 13.8%         3.26   338      44,479     41,076    $145,002    $133,909
    04-Oct-95  30-Jun-97 $145,000 CONVERTIBLE NOTES 13.8%         3.26   270      44,479     32,812    $145,002    $106,968
    01-Dec-95  30-Jun-97 $145,000 CONVERTIBLE NOTES 13.8%         3.26   212      44,478     25,763    $144,998     $83,988
    12-May-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (3,572)    (3,572)   ($12,502)   ($12,502)
    17-May-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (6,786)    (6,786)   ($23,751)   ($23,751)
    21-May-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366        (715)      (715)    ($2,503)    ($2,503)
    25-May-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,429)    (1,429)    ($5,002)    ($5,002)
    01-Jun-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,072)    (1,072)    ($3,752)    ($3,752)
    02-Jun-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (6,072)    (6,072)   ($21,252)   ($21,252)
    18-Jun-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (5,714)    (5,714)   ($19,999)   ($19,999)
    21-Jun-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (2,143)    (2,143)    ($7,501)    ($7,501)
    23-Jun-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (2,858)    (2,858)   ($10,003)   ($10,003)
    25-Jun-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,072)    (1,072)    ($3,752)    ($3,752)
    30-Jun-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (2,143)    (2,143)    ($7,501)    ($7,501)
    06-Jul-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366        (358)      (358)    ($1,253)    ($1,253)
    09-Jul-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (7,858)    (7,858)   ($27,503)   ($27,503)
    20-Jul-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,429)    (1,429)    ($5,002)    ($5,002)
    29-Jul-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (2,858)    (2,858)   ($10,003)   ($10,003)
    04-Aug-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,072)    (1,072)    ($3,752)    ($3,752)
    05-Aug-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366        (358)      (358)    ($1,253)    ($1,253)
    13-Aug-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,072)    (1,072)    ($3,752)    ($3,752)
    20-Aug-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (2,143)    (2,143)    ($7,501)    ($7,501)
    25-Aug-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366        (715)      (715)    ($2,503)    ($2,503)
    07-Sep-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,072)    (1,072)    ($3,752)    ($3,752)
    18-Oct-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (2,143)    (2,143)    ($7,501)    ($7,501)
    19-Oct-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,429)    (1,429)    ($5,002)    ($5,002)
    28-Oct-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (2,143)    (2,143)    ($7,501)    ($7,501)
    03-Nov-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (2,500)    (2,500)    ($8,750)    ($8,750)
    24-Nov-93  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366      (1,429)    (1,429)    ($5,002)    ($5,002)
    31-Jan-94  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366        (715)      (715)    ($2,503)    ($2,503)
    21-Mar-94  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366        (715)      (715)    ($2,503)    ($2,503)
    29-Mar-94  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   366        (357)      (357)    ($1,250)    ($1,250)
    11-Mar-96  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   111     (14,286)    (4,333)   ($50,001)   ($15,164)
    22-Mar-96  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50   100      (7,143)    (1,952)   ($25,001)    ($6,831)
    27-Mar-96  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50    95      (7,143)    (1,854)   ($25,001)    ($6,489)
    09-Apr-96  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50    82      (7,144)    (1,601)   ($25,004)    ($5,602)
    26-Apr-96  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       4.50    65      (2,778)      (493)   ($12,501)    ($2,220)
    10-Jun-96  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       1.50    20     (33,333)    (1,821)   ($50,000)    ($2,732)
    12-Jun-96  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       3.50    18      (3,571)      (176)   ($12,499)      ($615)
    14-Jun-96  31-Mar-96 CONVERSION OF CONVERTIBLE NOTES 7%       5.75    16      (4,348)      (190)   ($25,001)    ($1,093)
    14-Jul-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (11,000)   (11,000)   ($13,750)   ($13,750)
    21-Jul-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (46,000)   (46,000)   ($57,500)   ($57,500)
    22-Jul-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (16,000)   (16,000)   ($20,000)   ($20,000)
    26-Jul-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (26,000)   (26,000)   ($32,500)   ($32,500)
    02-Aug-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (13,000)   (13,000)   ($16,250)   ($16,250)
    11-Aug-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (10,000)   (10,000)   ($12,500)   ($12,500)
    16-Aug-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366      (2,000)    (2,000)    ($2,500)    ($2,500)
    18-Aug-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366      (8,000)    (8,000)   ($10,000)   ($10,000)
    24-Aug-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (16,000)   (16,000)   ($20,000)   ($20,000)
    26-Aug-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (18,000)   (18,000)   ($22,500)   ($22,500)
    06-Sep-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366     (13,000)   (13,000)   ($16,250)   ($16,250)
    09-Sep-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366      (2,000)    (2,000)    ($2,500)    ($2,500)
    23-Sep-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366      (8,000)    (8,000)   ($10,000)   ($10,000)
    04-Oct-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366      (2,000)    (2,000)    ($2,500)    ($2,500)
    07-Oct-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366      (2,000)    (2,000)    ($2,500)    ($2,500)
    14-Oct-94  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.25   366      (4,000)    (4,000)    ($5,000)    ($5,000)
    22-Mar-96  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       3.50   100     (28,572)    (7,807)  ($100,002)   ($27,323)
    09-Apr-96  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       3.50    82      (7,143)    (1,600)   ($25,001)    ($5,601)
    01-May-96  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       5.00    60      (2,500)      (410)   ($12,500)    ($2,049)
    10-Jun-96  30-Nov-96 CONVERSION OF CONVERTIBLE NOTES 5%       1.50    20     (33,333)    (1,821)   ($50,000)    ($2,732)
    09-Nov-95  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      3.00   234     (75,000)   (47,951)  ($225,000)  ($143,852)
    13-Nov-95  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%     2.750   230      (9,091)    (5,713)   ($25,000)   ($15,711)
    16-Nov-95  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      2.00   227     (74,306)   (46,086)  ($148,612)   ($92,172)
    17-Nov-95  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      2.00   226     (75,000)   (46,311)  ($150,000)   ($92,623)
    21-Nov-95  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      2.25   222     (83,339)   (50,550)  ($187,513)  ($113,737)
    21-Nov-95  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      2.25   222     (11,112)    (6,740)   ($25,002)   ($15,165)
    21-Nov-95  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      2.00   222     (12,500)    (7,582)   ($25,000)   ($15,164)
    21-Nov-95  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      2.25   222     (38,891)   (23,590)   ($87,505)   ($53,077)
    30-Apr-96  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      3.75    61      (6,667)    (1,111)   ($25,001)    ($4,167)
    01-May-96  31-Dec-96 CONVERSION OF CONVERTIBLE NOTES 12%      3.75    60      (3,334)      (547)   ($12,503)    ($2,050)
    15-May-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    46    (149,998)   (18,852)  ($674,991)   ($84,835)
    16-May-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    45     (52,774)    (6,489)  ($237,483)   ($29,199)
    17-May-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    44     (11,111)    (1,336)   ($50,000)    ($6,011)
    22-May-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    39     (41,663)    (4,440)  ($187,484)   ($19,978)
    31-May-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    30      (5,555)      (455)   ($24,998)    ($2,049)
    04-Jun-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    26     (13,887)      (987)   ($62,492)    ($4,439)
    10-Jun-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    20      (5,555)      (304)   ($24,998)    ($1,366)
    12-Jun-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    18     (30,569)    (1,503)  ($137,561)    ($6,765)
    13-Jun-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    17     (11,111)      (516)   ($50,000)    ($2,322)
    20-Jun-96  31-Dec-97 CONVERSION OF CONVERTIBLE NOTES 10%      4.50    10      (5,555)      (152)   ($24,997)      ($683)
    03-Jun-96  30-Jun-97 CONVERSION OF CONVERTIBLE NOTES 13.8%    3.26    27    (133,436)    (9,844)  ($435,000)   ($32,090)
    30-Jun-96  01-Jun-99 Preferred Stock                          5.00     0   2,010,000          0 $10,050,000          $0
                                                                               ---------  ---------   ---------   ---------
              TOTAL OTHER POTENTIALLY DILUTIVE SECURITIES                      2,081,111    543,690 $10,175,001  $1,576,386
                                                                               =========  =========   =========   =========



              EARNINGS PER SHARE COMPUTATIONS:
              MODIFIED TREASURY STOCK METHOD:

              TOTAL EXERCISE PROCEEDS                                         $7,736,439
                                                                               ---------
              PERIOD-END OUTSTANDING SHARES                                    3,854,944
                                                                               ---------
              20% OF PERIOD-END OUTSTANDING SHARES                               770,989
                                                                               ---------
              AVERAGE SHARE PRICE DURING PERIOD                                    $5.71
                                                                               ---------
              PROCEEDS USED TO PURCHASE SHARES                                 4,402,346
                                                                               ---------
              REMAINING PROCEEDS                                               3,334,093
                                                                               ---------
              PROCEEDS USED TO RETIRE AVERAGE DEBT                             3,334,093
                                                                               ---------
              REMAINING PROCEEDS INVESTED                                            ($0)
                                                                               =========
              ADJUSTED INCOME (LOSS):
               NET INCOME (LOSS)                                             ($4,411,898)
               ACCRETION TO PREFERRED STOCK                                            0
                                                                             ------------
               ADJUSTED INCOME (LOSS)                                         (4,411,898)

              INTEREST (EXPENSE) ON RETIRED DEBT               (25.45%)          846,860
              INTEREST INCOME ON PROCEEDS INVESTED              (3.0%)                (0)
              TAX EFFECT OF INTEREST ADJUSTMENTS               (40%)            (338,744)
                                                                               ---------
              NET INCOME (LOSS) FOR EARNINGS PER SHARE PURPOSES               (3,903,782)
                                                                               ---------
              SHARES:
              WEIGHTED AVERAGE SHARES OUTSTANDING                              1,536,537
              WEIGHTED AVERAGE EQUIVALENT SHARES OUTSTANDING                   2,173,487
              20% OF PERIOD-END OUTSTANDING SHARES                              (770,989)
                                                                               ---------
              TOTAL SHARES FOR EARNINGS PER SHARE PURPOSES                     2,939,036
                                                                               ---------
              NET INCOME (LOSS) PER SHARE                                         ($1.33)
                                                                               =========
              MAXIMUM INCOME (MINIMUM LOSS) PER SHARE:
              ADJUSTED INCOME (LOSS)                                         ($4,411,898)
                                                                               ---------
              WEIGHTED AVERAGE SHARES OUTSTANDING                              1,536,537
                                                                               ---------
              NET INCOME (LOSS) PER SHARE                                         ($2.87)
                                                                               =========
</TABLE>