Exhibit 11

ALLIN CORPORATION

CALCULATION OF EARNINGS (LOSS) PER COMMON SHARE

(Dollars in thousands, except per share data)



|                                                                          |  |                            |           |                            |   |           |                            |  |   |           |  
|------------------------------------------------------------------------- |  | -------------------------- | --------- | -------------------------- | - | --------- | -------------------------- |  | - | --------- | -
|                                                                          |  | Year EndedDecember 31,2003 |           | Year EndedDecember 31,2004 |   |           | Year EndedDecember 31,2005 | 
|Net income (loss)                                                         |  | $                          | 780       |                            | $ | 284       |                            |  | $ | (954      | )
|Accretion and dividends on preferred stock                                |  |                            | 710       |                            |   | 740       |                            |  |   | 900       |  
|                                                                          |  |                            |           |                            |   |           |                            |  |   |           |  
|Net income (loss) attributable to common shareholders                     |  | $                          | 70        |                            | $ | (456      | )                          |  | $ | (1,854    | )
|                                                                          |  |                            |           |                            |   |           |                            |  |   |           |  
|Earnings (loss) per common share - basic and diluted                      |  | $                          | 0.01      |                            | $ | (0.07     | )                          |  | $ | (0.26     | )
|                                                                          |  |                            |           |                            |   |           |                            |  |   |           |  
|Weighted average common shares outstanding during the period - basic      |  |                            | 6,967,339 |                            |   | 6,967,339 |                            |  |   | 7,185,147 |  
|                                                                          |  |                            |           |                            |   |           |                            |  |   |           |  
|Weighted average common shares outstanding during the period              |  |                            | 6,967,339 |                            |   | 6,967,339 |                            |  |   | 7,185,147 |  
|Effect of options                                                         |  |                            | 12,885    |                            |   |          |                            |  |   |          |  
|                                                                          |  |                            |           |                            |   |           |                            |  |   |           |  
|Weighted average number of shares outstanding during the period - diluted |  |                            | 6,980,224 |                            |   | 6,967,339 |                            |  |   | 7,185,147 |  
|                                                                          |  |                            |           |                            |   |           |                            |  |   |           |