Exhibit 11



ALLIN CORPORATION



CALCULATION OF (LOSS) EARNINGS PER COMMON SHARE



(Dollars in thousands, except per share data)

(Unaudited)



|                                                              |  |                                    |           |   |                                    |   |           |                                   |  |   |                                   |   |  |   |           |  
|------------------------------------------------------------- |  | ---------------------------------- | --------- | - | ---------------------------------- | - | --------- | --------------------------------- |  | - | --------------------------------- | - |  | - | --------- | -
|                                                              |  | Three MonthsEndedSeptember 30,2004 |           |   | Three MonthsEndedSeptember 30,2005 |   |           | Nine MonthsEndedSeptember 30,2004 |  |   | Nine MonthsEndedSeptember 30,2005 |  
|Net loss                                                      |  | $                                  | (356      | ) |                                    | $ | (181      | )                                 |  | $ | (313                              | ) |  | $ | (247      | )
|Accretion and dividends on preferred stock                    |  |                                    | 187       |   |                                    |   | 250       |                                   |  |   | 551                               |   |  |   | 627       |  
|                                                              |  |                                    |           |   |                                    |   |           |                                   |  |   |                                   |   |  |   |           |  
|Net loss attributable to common shareholders                  |  | $                                  | (543      | ) |                                    | $ | (431      | )                                 |  | $ | (864                              | ) |  | $ | (874      | )
|                                                              |  |                                    |           |   |                                    |   |           |                                   |  |   |                                   |   |  |   |           |  
|Loss per common share - basic and diluted                     |  | $                                  | (0.08     | ) |                                    | $ | (0.06     | )                                 |  | $ | (0.12                             | ) |  | $ | (0.12     | )
|                                                              |  |                                    |           |   |                                    |   |           |                                   |  |   |                                   |   |  |   |           |  
|Weighted average shares outstanding during the period - basic |  |                                    | 6,967,339 |   |                                    |   | 7,331,469 |                                   |  |   | 6,967,339                         |   |  |   | 7,090,050 |  
|                                                              |  |                                    |           |   |                                    |   |           |                                   |  |   |                                   |   |  |   |           |  



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