Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)

	Three Months Ended March 31, 2003		Three Months Ended March 31, 2004
Net income	$	246	$	182
Accretion and dividends on preferred stock		173		181
Net income attributable to common shareholders	$	73	$	1
Earnings per common share - basic and diluted	$	0.01	$	0.00
Weighted average shares outstanding during the period - basic		6,967,339		6,967,339
Weighted average shares outstanding during the period		6,967,339		6,967,339
Effect of options		806		23,675
Weighted average number of shares outstanding during the period - diluted		6,968,145		6,991,014