**Exhibit 11**

**ALLIN CORPORATION**

**CALCULATION OF NET (LOSS) INCOME PER COMMON SHARE**

**(Dollars in thousands, exceptper share data)**

 

|                                                                            |   | **Three Months****Ended****March 31,****2002** |      | **Three Months****Ended****March 31,****2003** |   |
|---------------------------------------------------------------------------------|--------|------------------------------------------------|-----------|------------------------------------------------|--------|
|                                                                            |   |                                                |      |                                                |   |
| (Loss) income from continuing operations                                        |   | $                                              | (209      | )                                              | $      | 246 |   |
| Income from discontinued operations                                             |   |                                           | 8         |                                           |   | — |   |
|                                                                            |   |                                                |           |                                           |        |  |   |
| Net (loss) income                                                               |   |                                           | (201      | )                                              |   | 246 |   |
| Accretion and dividends on preferred stock                                      |   |                                           | 166       |                                           |   | 173 |   |
|                                                                            |   |                                                |           |                                           |        |  |   |
| Net (loss) income attributable to common shareholders                           |   | $                                              | (367      | )                                              | $      | 73 |   |
|                                                                            |   |                                                |           |                                           |        |  |   |
| (Loss) earnings per common share from continuing operations - basic and diluted |   | $                                              | (0.05     | )                                              | $      | 0.01 |   |
|                                                                            |   |                                                |           |                                           |        |  |   |
| Earnings per common share from discontinued operations - basic and diluted      |   | $                                              | 0.00      |                                           | $      | 0.00 |   |
|                                                                            |   |                                                |           |                                           |        |  |   |
| Net (loss) earnings per common share - basic and diluted                        |   | $                                              | (0.05     | )                                              | $      | 0.01 |   |
|                                                                            |   |                                                |           |                                           |        |  |   |
| Weighted average shares outstanding - basic and diluted                         |   |                                           | 6,967,339 |                                           |   | 6,967,339 |   |
|                                                                            |   |                                                |           |                                           |        |  |   |

-49-