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<SEC-DOCUMENT>0000890566-96-000048.txt : 19960124
<SEC-HEADER>0000890566-96-000048.hdr.sgml : 19960124
ACCESSION NUMBER:		0000890566-96-000048
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19960122
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		19960123
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DOCUCON INCORPORATED
		CENTRAL INDEX KEY:			0000843006
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				742418590
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10185
		FILM NUMBER:		96506174

	BUSINESS ADDRESS:	
		STREET 1:		7461 CALLAGHAN RD
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78229
		BUSINESS PHONE:		2105259221

	MAIL ADDRESS:	
		STREET 1:		7461 CALLAGHAN ROAD
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78229
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>CURRENT REPORT ON FORM 8-K
<TEXT>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 29549

                                  ------------
                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) of the
                        SECURITIES EXCHANGE ACT OF 1934

                        Date of Report January 22, 1996

                             DOCUCON, INCORPORATED
               (Exact name of registrant as specified in charter)

        DELAWARE                    1-10185                   74-2418590
(State or other jurisdiction      (Commission                (IRS employer
     of incorporation)            file number)            identification no.)

   7461 CALLAGHAN RD., SAN ANTONIO, TEXAS                        78230
  (Address of principal executive offices)                      (Zip Code)

                                 (210) 525-9221
              (Registrant's telephone number, including area code)
<PAGE>
ITEM 5

     The Company announced that it was granted an exception to the NASDAQ bid
price requirement on January 17, 1996. NASDAQ indicated that the Company may
achieve compliance with NASDAQ listing requirements if the bid price of its
common stock remains at or above $1 for ten consecutive trading days or when it
presents NASDAQ with financial statements evidencing the Company's compliance
with the alternative capital and surplus requirement of $2,000,000.

     Fourth quarter earnings (unaudited) of $283,000 and equity contributions of
$32,000 from the Employee Stock Purchase Plan resulted in a capital and surplus
balance in excess of $2,000,000. An unaudited balance sheet reflecting those
results is filed as an exhibit to this Form 8-K. That balance sheet indicates
that the NASDAQ minimum standards have been achieved by the Company. As of the
date of this filing, the Company is requesting that NASDAQ accept the Company's
compliance with the listing requirements. Until that time, the Company's
securities will be traded under the symbol DOCUC.

ITEM 7

     The unaudited balance sheet as of December 31, 1995 is filed herewith as
Exhibit 1.

<PAGE>

                                 EXHIBIT INDEX

Exhibit No                     Description
- -----------                    -----------
    1          -- Unaudited balance sheet as of December 31, 1995

<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned thereunto duly authorized.

                                             Docucon, Incorporated
                                             (Registrant)

Date: January 23, 1996                       By EDWARD P. GISTARO
                                                Edward P. Gistaro
                                                Chief Executive Officer
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<DESCRIPTION>UNAUDITED BALANCE SHEET
<TEXT>

                                                                       EXHIBIT 1
DOCUCON, INC.
BALANCE SHEET
DECEMBER 31, 1995
(PRELIMINARY AND UNAUDITED)

                                     ASSETS

CURRENT ASSETS:
  Cash and temporary cash investments .........................     $    76,971
  Accounts receivable -- trade, net of allowance for
   doubtful accounts of $7,683
    U.S. Government ...........................................         594,090
    Commercial ................................................       1,278,796
  Unbilled revenues ...........................................         579,821
  Other receivables ...........................................           1,648
  Prepaid expenses ............................................         118,423
                                                                    -----------
      Total current assets ....................................       2,649,749
                                                                    -----------
PROPERTY AND EQUIPMENT ........................................       6,564,717
  Less - Accumulated depreciation .............................       4,182,671
                                                                    -----------
      Net property and equipment ..............................       2,382,046
                                                                    -----------
SOFTWARE DEVELOPMENT COSTS, net ...............................         335,091
                                                                    -----------
GOODWILL, net .................................................         338,824
                                                                    -----------
      Total assets ............................................     $ 5,705,710
                                                                    ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
  Accounts payable ............................................     $   660,610
  Accrued liabilities .........................................         775,122
  Line of credit ..............................................         400,000
  Note payable ................................................       1,500,000
  Current maturities of capital lease obligations .............           3,107
  Deferred revenues ...........................................         339,558
                                                                    -----------
      Total current liabilities ...............................       3,678,397

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY:
  Preferred stock, $1.00 par value, 10,000,000 shares
   authorized -- Series A, 60 authorized, 21 shares
   outstanding as of December 31, 1995 ........................              21
  Common stock, $.01 par value, 25,000,000 shares
   authorized -- 11,771,228 shares issued and
   outstanding as of December 31, 1995 ........................         117,712
  Additional paid-in capital ..................................       9,506,563
  Accumulated deficit .........................................      (7,596,983)
                                                                    -----------
      Total stockholders' equity ..............................       2,027,313
                                                                    -----------
      Total liabilities and stockholders' equity ..............     $ 5,705,710
                                                                    ===========

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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