Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET LOSS PER COMMON SHARE

         (Dollars in thousands, except per share data)

	Three Months Ended June 30, 2002			Three Months Ended June 30, 2003		Six Months Ended June 30, 2002			Six Months Ended June 30, 2003
Income (loss) from continuing operations	$	171		$	454	$	(37	)	$	700
Loss from discontinued operations		12			—		5			—
Net income (loss)		159			454		(42	)		700
Accretion and dividends on preferred stock		170			176		336			349
Net (loss) income attributable to common shareholders	$	(11	)	$	278	$	(378	)	$	351
Income (loss) per common share from continuing operations - basic	$	0.00		$	0.04	$	(0.05	)	$	0.05
Loss per common share from discontinued operations - basic	$	0.00		$	0.00	$	0.00		$	0.00
Net (loss) income per common share - basic	$	0.00		$	0.04	$	(0.05	)	$	0.05
Income (loss) per common share from continuing operations - diluted	$	0.00		$	0.03	$	(0.05	)	$	0.04
Loss per common share from discontinued operations - diluted	$	0.00		$	0.00	$	0.00		$	0.00
Net (loss) income per common share - diluted	$	0.00		$	0.03	$	(0.05	)	$	0.04
Weighted average shares outstanding - basic and diluted		6,967,339			6,967,339		6,967,339			6,967,339
Weighted average shares outstanding - basic and diluted		6,967,339			11,262,163		6,967,339			11,257,959