Exhibit 11

ALLIN CORPORATION

CALCULATION OF EARNINGS PER COMMON SHARE

(Dollars in thousands, except per share data)



|                                                                          |  |                                |            |                                |   |           
|------------------------------------------------------------------------- |  | ------------------------------ | ---------- | ------------------------------ | - | ----------
|                                                                          |  | Three MonthsEndedMarch 31,2006 |            | Three MonthsEndedMarch 31,2007
|Net income                                                                |  | $                              | 365        |                                | $ | 792       
|Dividends on preferred stock                                              |  |                                | 280        |                                |   | 348       
|                                                                          |  |                                |            |                                |   |           
|Net income attributable to common shareholders                            |  | $                              | 85         |                                | $ | 444       
|                                                                          |  |                                |            |                                |   |           
|Earnings per common share - basic and diluted                             |  | $                              | 0.01       |                                | $ | 0.06      
|                                                                          |  |                                |            |                                |   |           
|(Loss) earnings per common share - basic and diluted                      |  | $                              | 0.01       |                                | $ | 0.04      
|                                                                          |  |                                |            |                                |   |           
|Weighted average shares outstanding during the period - basic             |  |                                | 7,467,339  |                                |   | 7,828,981 
|                                                                          |  |                                |            |                                |   |           
|Weighted average shares outstanding during the period                     |  |                                | 7,467,339  |                                |   | 7,828,981 
|Effect of convertible preferred stock                                     |  |                                | 4,285,714  |                                |   | 4,285,714 
|Effect of options                                                         |  |                                | 180,286    |                                |   | 168,323   
|                                                                          |  |                                |            |                                |   |           
|Weighted average number of shares outstanding during the period - diluted |  |                                | 11,933,339 |                                |   | 12,283,018
|                                                                          |  |                                |            |                                |   |