Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)



|                                                      |  |                                 |           |   |                                 |   |                               |  |   |                               |   |  |   |           
|----------------------------------------------------- |  | ------------------------------- | --------- | - | ------------------------------- | - | ----------------------------- |  | - | ----------------------------- | - |  | - | ----------
|                                                      |  | Three Months EndedJune 30, 2005 |           |   | Three Months EndedJune 30, 2006 |   | Six Months EndedJune 30, 2005 |  |   | Six Months EndedJune 30, 2006
|Net income (loss)                                     |  | $                               | 108       |   |                                 | $ | 823                           |  | $ | (66                           | ) |  | $ | 1,188     
|Accretion and dividends on preferred stock            |  |                                 | 191       |   |                                 |   | 285                           |  |   | 377                           |   |  |   | 565       
|                                                      |  |                                 |           |   |                                 |   |                               |  |   |                               |   |  |   |           
|Net (loss) income attributable to common shareholders |  | $                               | (83       | ) |                                 | $ | 538                           |  | $ | (443                          | ) |  | $ | 623       
|                                                      |  |                                 |           |   |                                 |   |                               |  |   |                               |   |  |   |           
|(Loss) earnings per common share - basic              |  | $                               | (0.01     | ) |                                 | $ | 0.07                          |  | $ | (0.06                         | ) |  | $ | 0.08      
|                                                      |  |                                 |           |   |                                 |   |                               |  |   |                               |   |  |   |           
|(Loss) earnings per common share - dilusted           |  | $                               | (0.01     | ) |                                 | $ | 0.05                          |  | $ | (0.06                         | ) |  | $ | 0.06      
|                                                      |  |                                 |           |   |                                 |   |                               |  |   |                               |   |  |   |           
|Weighted average shares outstanding - basic           |  |                                 | 6,967,339 |   |                                 |   | 7,467,339                     |  |   | 6,967,339                     |   |  |   | 7,467,339 
|                                                      |  |                                 |           |   |                                 |   |                               |  |   |                               |   |  |   |           
|Weighted average shares outstanding                   |  |                                 | 6,967,339 |   |                                 |   | 7,467,339                     |  |   | 6,967,339                     |   |  |   | 7,467,339 
|Effect of convertible preferred stock                 |  |                                 |          |   |                                 |   | 4,285,714                     |  |   |                              |   |  |   | 4,285,714 
|Effect of options                                     |  |                                 |          |   |                                 |   | 175,919                       |  |   |                              |   |  |   | 178,131   
|                                                      |  |                                 |           |   |                                 |   |                               |  |   |                               |   |  |   |           
|Weighted average shares outstanding - diluted         |  |                                 | 6,967,339 |   |                                 |   | 11,928,972                    |  |   | 6,967,339                     |   |  |   | 11,931,184
|                                                      |  |                                 |           |   |                                 |   |                               |  |   |                               |   |  |   |           



60