Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)



|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|---------------------------------------------- |  | ------------------------------ | ---------- | ------------------------------ | - | ---------------------------- |  | ---------------------------- | ---------- |  | - | ----------
|                                               |  | Three MonthsEndedJune 30, 2008 |            | Three MonthsEndedJune 30, 2007 |   | Six MonthsEndedJune 30, 2008 |  | Six MonthsEndedJune 30, 2007
|Net income                                     |  | $                              | 981        |                                | $ | 402                          |  | $                            | 1,809      |  | $ | 1,194     
|Dividends on preferred stock                   |  |                                | 378        |                                |   | 357                          |  |                              | 751        |  |   | 705       
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Net income attributable to common shareholders |  | $                              | 603        |                                | $ | 45                           |  | $                            | 1,058      |  | $ | 489       
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Earnings per common share - basic              |  | $                              | 0.07       |                                | $ | 0.01                         |  | $                            | 0.13       |  | $ | 0.06      
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Earnings per common share - diluted            |  | $                              | 0.05       |                                | $ | 0.01                         |  | $                            | 0.09       |  | $ | 0.05      
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Weighted average shares outstanding - basic    |  |                                | 8,341,050  |                                |   | 7,828,981                    |  |                              | 8,306,434  |  |   | 7,828,981 
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Weighted average shares outstanding            |  |                                | 8,341,050  |                                |   | 7,828,981                    |  |                              | 8,306,434  |  |   | 7,828,981 
|Effect of convertible preferred stock          |  |                                | 4,285,714  |                                |   |                             |  |                              | 4,285,714  |  |   | 4,285,714 
|Effect of options                              |  |                                | 253,789    |                                |   | 228,858                      |  |                              | 248,658    |  |   | 198,824   
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |           
|Weighted average shares outstanding - diluted  |  |                                | 12,880,553 |                                |   | 8,057,839                    |  |                              | 12,840,806 |  |   | 12,313,519
|                                               |  |                                |            |                                |   |                              |  |                              |            |  |   |