Exhibit 11



ALLIN CORPORATION



CALCULATION OF NET INCOME PER COMMON SHARE



(Dollars in thousands, except per share data)



|                                                        |  |                                 |           |   |                                 |   |           |                              |  |   |                              |   |  |   |           |  
|------------------------------------------------------- |  | ------------------------------- | --------- | - | ------------------------------- | - | --------- | ---------------------------- |  | - | ---------------------------- | - |  | - | --------- | -
|                                                        |  | Three MonthsEnded June 30, 2004 |           |   | Three MonthsEnded June 30, 2005 |   |           | Six MonthsEnded June 30,2004 |  |   | Six MonthsEnded June 30,2005 |  
|Net (loss) income                                       |  | $                               | (138      | ) |                                 | $ | 108       |                              |  | $ | 43                           |   |  | $ | (66       | )
|                                                        |  |                                 |           |  
|Accretion and dividends on preferred stock              |  |                                 | 183       |   |                                 |   | 191       |                              |  |   | 364                          |   |  |   | 377       |  
|                                                        |  |                                 |           |   |                                 |   |           |                              |  |   |                              |   |  |   |           |  
|Net loss attributable to common shareholders            |  | $                               | (321      | ) |                                 | $ | (83       | )                            |  | $ | (321                         | ) |  | $ | (443      | )
|                                                        |  |                                 |           |   |                                 |   |           |                              |  |   |                              |   |  |   |           |  
|Loss per common share - basic and dilusted              |  | $                               | (0.05     | ) |                                 | $ | (0.01     | )                            |  | $ | (0.05                        | ) |  | $ | (0.06     | )
|                                                        |  |                                 |           |   |                                 |   |           |                              |  |   |                              |   |  |   |           |  
|Weighted average shares outstanding - basic and diluted |  |                                 | 6,967,339 |   |                                 |   | 6,967,339 |                              |  |   | 6,967,339                    |   |  |   | 6,967,339 |  
|                                                        |  |                                 |           |   |                                 |   |           |                              |  |   |                              |   |  |   |           |