Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE





|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|----------------------------------------------------- |  | ---------------------------------- | --------- | - | ---------------------------------- | - | --------------------------------- |  | --------------------------------- | ---------- |  | - | ----------
|(Dollars in thousands, except per share data)         |  | Three MonthsEndedSeptember 30,2008 |           |   | Three MonthsEndedSeptember 30,2007 |   | Nine MonthsEndedSeptember 30,2008 |  | Nine MonthsEndedSeptember 30,2007
|Net (loss) income                                     |  | $                                  | (336      | ) |                                    | $ | 1,204                             |  | $                                 | 1,473      |  | $ | 2,398     
|Dividends on preferred stock                          |  |                                    | 389       |   |                                    |   | 366                               |  |                                   | 1,140      |  |   | 1,071     
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|Net (loss) income attributable to common shareholders |  | $                                  | (725      | ) |                                    | $ | 838                               |  | $                                 | 333        |  | $ | 1,327     
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|(Loss) earnings per common share  basic              |  | $                                  | (0.09     | ) |                                    | $ | 0.11                              |  | $                                 | 0.04       |  | $ | 0.17      
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|(Loss) earnings per common share  diluted            |  | $                                  | (0.09     | ) |                                    | $ | 0.07                              |  | $                                 | 0.04       |  | $ | 0.12      
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|Weighted average shares outstanding  basic           |  |                                    | 8,421,819 |   |                                    |   | 7,828,981                         |  |                                   | 8,345,177  |  |   | 7,828,981 
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|Weighted average shares outstanding                   |  |                                    | 8,421,819 |   |                                    |   | 7,828,981                         |  |                                   | 8,345,177  |  |   | 7,828,981 
|Effect of convertible preferred stock                 |  |                                    |          |   |                                    |   | 4,285,714                         |  |                                   | 4,285,714  |  |   | 4,285,714 
|Effect of stock options                               |  |                                    |          |   |                                    |   | 229,266                           |  |                                   | 243,724    |  |   | 208,646   
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|Weighted average shares outstanding  diluted         |  |                                    | 8,421,819 |   |                                    |   | 12,343,961                        |  |                                   | 12,874,615 |  |   | 12,323,341
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |