Exhibit 11



ALLIN CORPORATION



CALCULATION OF NET LOSS PER COMMON SHARE



(Dollars in thousands, except per share data)



|                                                                    |  | Three MonthsEndedSeptember 30,2002 |           | Three MonthsEndedSeptember 30,2003 |   |           | Nine MonthsEndedSeptember 30,2002 |  |   | Nine MonthsEndedSeptember 30,2003
|------------------------------------------------------------------- |  | ---------------------------------- | --------- | ---------------------------------- | - | --------- | --------------------------------- |  | - | ---------------------------------
|Income from continuing operations                                   |  | $                                  | 200       |                                    | $ | 166       |                                   |  | $ | 162                              
|                                                                    |  |                                    |           |                                   
|Loss from discontinued operations                                   |  |                                    | 11        |                                    |   |          |                                   |  |   | 15                               
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |                                  
|                                                                    |  |                                    |           |                                   
|Net income                                                          |  |                                    | 189       |                                    |   | 166       |                                   |  |   | 147                              
|Accretion and dividends on preferred stock                          |  |                                    | 173       |                                    |   | 179       |                                   |  |   | 509                              
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |                                  
|                                                                    |  |                                    |           |                                   
|Net income (loss) attributable to common shareholders               |  | $                                  | 16        |                                    | $ | (13       | )                                 |  | $ | (362                             
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |                                  
|                                                                    |  |                                    |           |                                   
|(Loss) income per common share from continuing operations  basic   |  | $                                  | 0.00      |                                    | $ | 0.00      |                                   |  | $ | (0.05                            
|Loss per common share from discontinued operations  basic          |  | $                                  | 0.00      |                                    | $ | 0.00      |                                   |  | $ | 0.00                             
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |                                  
|                                                                    |  |                                    |           |                                   
|Net (loss) income per common share  basic                          |  | $                                  | 0.00      |                                    | $ | 0.00      |                                   |  | $ | (0.05                            
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |                                  
|                                                                    |  |                                    |           |                                   
|(Loss) income per common share from continuing operations  diluted |  | $                                  | 0.00      |                                    | $ | 0.00      |                                   |  | $ | (0.05                            
|Loss per common share from discontinued operations  diluted        |  | $                                  | 0.00      |                                    | $ | 0.00      |                                   |  | $ | 0.00                             
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |                                  
|                                                                    |  |                                    |           |                                   
|Net (loss) income per common share  diluted                        |  | $                                  | 0.00      |                                    | $ | 0.00      |                                   |  | $ | (0.05                            
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |                                  
|                                                                    |  |                                    |           |                                   
|Weighted average shares outstanding  basic                         |  |                                    | 6,967,339 |                                    |   | 6,967,339 |                                   |  |   | 6,967,339                        
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |                                  
|                                                                    |  |                                    |           |                                   
|Weighted average shares outstanding  diluted                       |  |                                    | 6,967,339 |                                    |   | 6,967,339 |                                   |  |   | 6,967,339                        
|                                                                    |  |                                    |           |                                    |   |           |                                   |  |   |