Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)



|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|---------------------------------------------- |  | ------------------------------ | ---------- | ------------------------------ | - | ---------------------------- |  | ---------------------------- | ---------- |  | - | ----------
|                                               |  | Three MonthsEndedJune 30, 2006 |            | Three MonthsEndedJune 30, 2007 |   | Six MonthsEndedJune 30, 2006 |  | Six MonthsEndedJune 30, 2007
|Net income                                     |  | $                              | 823        |                                | $ | 402                          |  | $                            | 1,188      |  | $ | 1,194     
|Dividends on preferred stock                   |  |                                | 285        |                                |   | 357                          |  |                              | 565        |  |   | 705       
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Net income attributable to common shareholders |  | $                              | 538        |                                | $ | 45                           |  | $                            | 623        |  | $ | 489       
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Earnings per common share - basic              |  | $                              | 0.07       |                                | $ | 0.01                         |  | $                            | 0.08       |  | $ | 0.06      
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Earnings per common share - dilusted           |  | $                              | 0.05       |                                | $ | 0.01                         |  | $                            | 0.06       |  | $ | 0.05      
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Weighted average shares outstanding - basic    |  |                                | 7,467,339  |                                |   | 7,828,981                    |  |                              | 7,467,339  |  |   | 7,828,981 
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Weighted average shares outstanding            |  |                                | 7,467,339  |                                |   | 7,828,981                    |  |                              | 7,467,339  |  |   | 7,828,981 
|Effect of convertible preferred stock          |  |                                | 4,285,714  |                                |   |                             |  |                              | 4,285,714  |  |   | 4,285,714 
|Effect of options                              |  |                                | 175,919    |                                |   | 228,858                      |  |                              | 178,131    |  |   | 198,824   
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Weighted average shares outstanding - diluted  |  |                                | 11,928,972 |                                |   | 8,057,839                    |  |                              | 11,931,184 |  |   | 12,313,519
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |