**Exhibit 11**

**ALLIN CORPORATION**

**CALCULATION OF NET LOSS PER COMMONSHARE**

        ** (Dollars in thousands, except per share data)**

|                                                                     |                                   |           |                                   |        |                                 |        |                                 |           |        |        |            |
|---------------------------------------------------------------------|-----------------------------------|-----------|-----------------------------------|--------|---------------------------------|--------|---------------------------------|-----------|--------|--------|------------|
| ** **                                                          | **Three MonthsEndedJune 30,2002** | ****      | **Three MonthsEndedJune 30,2003** | ****   | **Six MonthsEndedJune 30,2002** | ****   | **Six MonthsEndedJune 30,2003** |
| Income (loss) from continuing operations                            | $                                 | 171       |                              | $      | 454                             |   | $                               | (37       | )      | $      | 700        |
| Loss from discontinued operations                                   |                              | 12        |                              |   | —                          |   |                            | 5         |   |   | —     |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |
| Net income (loss)                                                   |                              | 159       |                              |   | 454                             |   |                            | (42       | )      |   | 700        |
| Accretion and dividends on preferred stock                          |                              | 170       |                              |   | 176                             |   |                            | 336       |   |   | 349        |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |
| Net (loss) income attributable to common shareholders               | $                                 | (11       | )                                 | $      | 278                             |   | $                               | (378      | )      | $      | 351        |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |
| Income (loss) per common share from continuing operations - basic   | $                                 | 0.00      |                              | $      | 0.04                            |   | $                               | (0.05     | )      | $      | 0.05       |
| Loss per common share from discontinued operations - basic          | $                                 | 0.00      |                              | $      | 0.00                            |   | $                               | 0.00      |   | $      | 0.00       |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |
| Net (loss) income per common share - basic                          | $                                 | 0.00      |                              | $      | 0.04                            |   | $                               | (0.05     | )      | $      | 0.05       |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |
| Income (loss) per common share from continuing operations - diluted | $                                 | 0.00      |                              | $      | 0.03                            |   | $                               | (0.05     | )      | $      | 0.04       |
| Loss per common share from discontinued operations - diluted        | $                                 | 0.00      |                              | $      | 0.00                            |   | $                               | 0.00      |   | $      | 0.00       |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |
| Net (loss) income per common share - diluted                        | $                                 | 0.00      |                              | $      | 0.03                            |   | $                               | (0.05     | )      | $      | 0.04       |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |
| Weighted average shares outstanding - basic and diluted             |                              | 6,967,339 |                              |   | 6,967,339                       |   |                            | 6,967,339 |   |   | 6,967,339  |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |
| Weighted average shares outstanding - basic and diluted             |                              | 6,967,339 |                              |   | 11,262,163                      |   |                            | 6,967,339 |   |   | 11,257,959 |
|                                                                     |                                   |           |                                   |        |                                 |        |                                 |