Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)

	Three Months Ended September 30, 2005			Three Months Ended September 30, 2006			Nine Months Ended September 30, 2005			Nine Months Ended September 30, 2006
Net (loss) income	$	(181	)	$	(14	)	$	(247	)	$	1,174
Accretion and dividends on preferred stock		250			346			627			911
Net (loss) income attributable to common shareholders	$	(431	)	$	(360	)	$	(874	)	$	263
(Loss) earnings per common share - basic	$	(0.06	)	$	(0.05	)	$	(0.12	)	$	0.04
(Loss) earnings per common share - diluted	$	(0.06	)	$	(0.05	)	$	(0.12	)	$	0.03
Weighted average shares outstanding - basic		7,331,469			7,467,339			7,090,050			7,467,339
Weighted average shares outstanding		7,331,469			7,467,339			7,090,050			7,467,339
Effect of convertible preferred stock		—			—			—			4,285,714
Effect of options		—			—			—			178,131
Weighted average shares outstanding - diluted		7,331,469			7,467,339			7,090,050			11,931,184