Exhibit 11



ALLIN CORPORATION



CALCULATION OF NET (LOSS) INCOME PER COMMON SHARE



(Dollars in thousands, except per share data)



|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|------------------------------------------------------------------------- |  | --------------------------- | --------- | - | ---------------------------- | - | ---------------------------- |  | - | ---------
|                                                                          |  | Year EndedDecember 31, 2001 |           |   | Year Ended December 31, 2002 |   | Year Ended December 31, 2003
|(Loss) income from continuing operations                                  |  | $                           | (11,257   | ) |                              | $ | 999                          |  | $ | 780      
|(Loss) income from discontinued operations                                |  |                             | (689      | ) |                              |   | 10                           |  |   |         
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|Net (loss) income                                                         |  |                             | (11,946   | ) |                              |   | 1,009                        |  |   | 780      
|Accretion and dividends on preferred stock                                |  |                             | 660       |   |                              |   | 684                          |  |   | 710      
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|Net (loss) income attributable to common shareholders                     |  | $                           | (12,606   | ) |                              | $ | 325                          |  | $ | 70       
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|(Loss) income per common share from continuing operations - basic         |  | $                           | (1.71     | ) |                              | $ | 0.05                         |  | $ | 0.01     
|(Loss) income per common share from discontinued operations - basic       |  |                             | (0.10     | ) |                              | $ | 0.00                         |  | $ | 0.00     
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|Net (loss) income per common share - basic                                |  | $                           | (1.81     | ) |                              | $ | 0.05                         |  | $ | 0.01     
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|(Loss) income per common share from continuing operations - diluted       |  | $                           | (1.71     | ) |                              | $ | 0.04                         |  | $ | 0.01     
|(Loss) income per common share from discontinued operations - diluted     |  |                             | (0.10     | ) |                              | $ | 0.00                         |  | $ | 0.00     
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|Net (loss) income per common share - diluted                              |  | $                           | (1.81     | ) |                              | $ | 0.04                         |  | $ | 0.01     
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|Weighted average common shares outstanding during the period  basic      |  |                             | 6,966,365 |   |                              |   | 6,967,339                    |  |   | 6,967,339
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|Weighted average common shares outstanding during the period              |  |                             | 6,966,365 |   |                              |   | 6,967,339                    |  |   | 6,967,339
|Effect of convertible preferred stock                                     |  |                             |          |   |                              |   | 4,285,714                    |  |   |         
|Effect of options                                                         |  |                             |          |   |                              |   |                             |  |   | 12,885   
|                                                                          |  |                             |           |   |                              |   |                              |  |   |          
|Weighted average number of shares outstanding during the period  diluted |  |                             | 6,966,365 |   |                              |   | 11,253,053                   |  |   | 6,980,224
|                                                                          |  |                             |           |   |                              |   |                              |  |   |