**Exhibit 11**

**ALLIN CORPORATION**

**CALCULATION OF NET(LOSS) INCOME PER COMMON SHARE**

| **(Dollars in thousands, except per share data)**                         |   | **Year Ended December 31, 2000** |               | **Year Ended December 31, 2001** |   | **Year Ended December 31, 2002** |   |
|---------------------------------------------------------------------------|--------|----------------------------------|--------------------|----------------------------------|--------|----------------------------------|--------|
|                                                                           |   |                                  |               |                                  |   |                                  |   |
| (Loss) income from continuing operations                                  |   | $                                | (2,583             | )                                | $      | (11,257                          | )      | $ | 999 |   |
| (Loss) income from discontinued operations                                |   |                             | (371               | )                                |   | (689                             | )      |   | 10 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| Net (loss) income                                                         |   |                             | (2,954             | )                                |   | (11,946                          | )      |   | 1,009 |   |
| Accretion and dividends on preferred stock                                |   |                             | 637                |                             |   | 660                              |   |   | 684 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| Net (loss) income attributable to common shareholders                     |   | $                                | (3,591             | )                                | $      | (12,606                          | )      | $ | 325 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| (Loss) income per common share from continuing operations - basic         |   | $                                | (0.50              | )                                | $      | (1.71                            | )      | $ | 0.05 |   |
| (Loss) income per common share from discontinued operations - basic       |   |                             | (0.06              | )                                | $      | (0.10                            | )      | $ | 0.00 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| Net (loss) income per common share - basic                                |   | $                                | (0.56              | )                                | $      | (1.81                            | )      | $ | 0.05 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| (Loss) income per common share from continuing operations - diluted       |   | $                                | (0.50              | )                                | $      | (1.71                            | )      | $ | 0.04 |   |
| (Loss) income per common share from discontinued operations - diluted     |   |                             | (0.06              | )                                | $      | (0.10                            | )      | $ | 0.00 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| Net (loss) income per common share - diluted                              |   | $                                | (0.56              | )                                | $      | (1.81                            | )      | $ | 0.04 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| Weighted average common shares outstanding during the period - basic      |   |                             | 6,371,827          |                             |   | 6,966,365                        |   |   | 6,967,339 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| Weighted average common shares outstanding during the period              |   |                             | 6,371,827          |                             |   | 6,966,365                        |   |   | 6,967,339 |   |
| Effect of convertible preferred stock                                     |   |                             | —   |                             |   | —                 |   |   | 4,285,714 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |
| Weighted average number of shares outstanding during the period - diluted |   |                             | 6,371,827          |                             |   | 6,966,365                        |   |   | 11,253,053 |   |
|                                                                      |   |                                  |                    |                             |        |                                  |   |  |  |   |