Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)

	Three Months Ended June 30, 2005			Three Months Ended June 30, 2006		Six Months Ended June 30, 2005			Six Months Ended June 30, 2006
Net income (loss)	$	108		$	823	$	(66	)	$	1,188
Accretion and dividends on preferred stock		191			285		377			565
Net (loss) income attributable to common shareholders	$	(83	)	$	538	$	(443	)	$	623
(Loss) earnings per common share - basic	$	(0.01	)	$	0.07	$	(0.06	)	$	0.08
(Loss) earnings per common share - dilusted	$	(0.01	)	$	0.05	$	(0.06	)	$	0.06
Weighted average shares outstanding - basic		6,967,339			7,467,339		6,967,339			7,467,339
Weighted average shares outstanding		6,967,339			7,467,339		6,967,339			7,467,339
Effect of convertible preferred stock		—			4,285,714		—			4,285,714
Effect of options		—			175,919		—			178,131
Weighted average shares outstanding - diluted		6,967,339			11,928,972		6,967,339			11,931,184

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