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                                                                      Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET LOSS PER COMMON SHARE

            (Dollars in thousands, except per share data)

<TABLE>
<CAPTION>
                                                                Year                 Year                 Year
                                                                Ended                Ended                Ended
                                                             December 31,         December 31,         December 31,
                                                                1998                 1999                 2000
                                                             -----------          -----------          -----------
<S>                                                          <C>                  <C>                  <C>
Loss from continuing operations                              $    (7,448)         $    (2,677)         $    (2,954)

(Gain) loss from discontinued operations                          (1,657)                  (1)                  --
                                                             -----------          -----------          -----------

Net loss                                                          (5,791)              (2,676)              (2,954)

Accretion and dividends on preferred stock                           779                  699                  637
                                                             -----------          -----------          -----------

Net loss attributable to common shareholders                 $    (6,570)         $    (3,375)         $    (3,591)
                                                             ===========          ===========          ===========

Loss per common share from continuing
   operations - basic and diluted                            $     (1.50)         $     (0.56)         $     (0.56)
                                                             ===========          ===========          ===========

Income (loss) per common share from
   discontinued operations - basic and diluted               $      0.30          $      0.00          $      0.00
                                                             ===========          ===========          ===========

Net loss per common share - basic and diluted                $     (1.20)         $     (0.56)         $     (0.56)
                                                             ===========          ===========          ===========

Weighted average common shares outstanding
   during the period                                           5,491,847            5,989,177            6,371,827

Effect of common stock equivalents                                    --                   --                   --

Effect of restricted stock                                       (24,868)             (17,176)                  --
                                                             -----------          -----------          -----------

Shares used in calculating net loss per common share           5,466,979            5,972,001            6,371,827
                                                             ===========          ===========          ===========
</TABLE>