Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)



|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|----------------------------------------------------- |  | ---------------------------------- | --------- | - | ---------------------------------- | - | --------------------------------- |  | --------------------------------- | ---------- |  | - | ----------
|                                                      |  | Three MonthsEndedSeptember 30,2006 |           |   | Three MonthsEndedSeptember 30,2006 |   | Nine MonthsEndedSeptember 30,2006 |  | Nine MonthsEndedSeptember 30,2006
|Net (loss) income                                     |  | $                                  | (14       | ) |                                    | $ | 1,204                             |  | $                                 | 1,174      |  | $ | 2,398     
|Dividends on preferred stock                          |  |                                    | 346       |   |                                    |   | 366                               |  |                                   | 911        |  |   | 1,071     
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|Net (loss) income attributable to common shareholders |  | $                                  | (360      | ) |                                    | $ | 838                               |  | $                                 | 263        |  | $ | 1,327     
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|(Loss) earnings per common share - basic              |  | $                                  | (0.05     | ) |                                    | $ | 0.11                              |  | $                                 | 0.04       |  | $ | 0.17      
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|(Loss) earnings per common share - diluted            |  | $                                  | (0.05     | ) |                                    | $ | 0.07                              |  | $                                 | 0.03       |  | $ | 0.12      
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|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                                     |  |                                    |          |   |                                    |   | 229,266                           |  |                                   | 178,131    |  |   | 208,646   
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |           
|Weighted average shares outstanding - diluted         |  |                                    | 7,467,339 |   |                                    |   | 12,343,961                        |  |                                   | 11,931,184 |  |   | 12,323,341
|                                                      |  |                                    |           |   |                                    |   |                                   |  |                                   |            |  |   |