Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)



|                                                                          |  |                                |           |   |                                |   |           
|------------------------------------------------------------------------- |  | ------------------------------ | --------- | - | ------------------------------ | - | ----------
|                                                                          |  | Three MonthsEndedMarch 31,2005 |           |   | Three MonthsEndedMarch 31,2006
|Net (loss) income                                                         |  | $                              | (174      | ) |                                | $ | 365       
|Accretion and dividends on preferred stock                                |  |                                | 187       |   |                                |   | 280       
|                                                                          |  |                                |           |   |                                |   |           
|Net (loss) income attributable to common shareholders                     |  | $                              | (361      | ) |                                | $ | 85        
|                                                                          |  |                                |           |   |                                |   |           
|(Loss) earnings per common share - basic and diluted                      |  | $                              | (0.05     | ) |                                | $ | 0.01      
|                                                                          |  |                                |           |   |                                |   |           
|Weighted average shares outstanding during the period - basic             |  |                                | 6,967,339 |   |                                |   | 7,467,339 
|                                                                          |  |                                |           |   |                                |   |           
|Weighted average shares outstanding during the period                     |  |                                | 6,967,339 |   |                                |   | 7,467,339 
|Effect of convertible preferred stock                                     |  |                                |          |   |                                |   | 4,285,714 
|Effect of options                                                         |  |                                |          |   |                                |   | 180,286   
|                                                                          |  |                                |           |   |                                |   |           
|Weighted average number of shares outstanding during the period - diluted |  |                                | 6,967,339 |   |                                |   | 11,933,339
|                                                                          |  |                                |           |   |                                |   |           



51