Exhibit 11

ALLIN CORPORATION

CALCULATION OF EARNINGS PER COMMON SHARE

(Dollars in thousands, except per share data)



|                                                                          |  |                                |            |                                |   |           
|------------------------------------------------------------------------- |  | ------------------------------ | ---------- | ------------------------------ | - | ----------
|                                                                          |  | Three MonthsEndedMarch 31,2008 |            | Three MonthsEndedMarch 31,2007
|Net income                                                                |  | $                              | 828        |                                | $ | 792       
|Dividends on preferred stock                                              |  |                                | 373        |                                |   | 348       
|                                                                          |  |                                |            |                                |   |           
|Net income attributable to common shareholders                            |  | $                              | 455        |                                | $ | 444       
|                                                                          |  |                                |            |                                |   |           
|Earnings per common share - basic                                         |  | $                              | 0.06       |                                | $ | 0.06      
|                                                                          |  |                                |            |                                |   |           
|Earnings per common share - diluted                                       |  | $                              | 0.04       |                                | $ | 0.04      
|                                                                          |  |                                |            |                                |   |           
|Weighted average shares outstanding during the period - basic             |  |                                | 8,271,819  |                                |   | 7,828,981 
|                                                                          |  |                                |            |                                |   |           
|Weighted average shares outstanding during the period                     |  |                                | 8,271,819  |                                |   | 7,828,981 
|Effect of convertible preferred stock                                     |  |                                | 4,285,714  |                                |   | 4,285,714 
|Effect of options                                                         |  |                                | 242,966    |                                |   | 168,323   
|                                                                          |  |                                |            |                                |   |           
|Weighted average number of shares outstanding during the period - diluted |  |                                | 12,800,499 |                                |   | 12,283,018
|                                                                          |  |                                |            |                                |   |