Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)

	Three Months Ended June 30, 2006		Three Months Ended June 30, 2007		Six Months Ended June 30, 2006		Six Months Ended June 30, 2007
Net income	$	823	$	402	$	1,188	$	1,194
Dividends on preferred stock		285		357		565		705
Net income attributable to common shareholders	$	538	$	45	$	623	$	489
Earnings per common share - basic	$	0.07	$	0.01	$	0.08	$	0.06
Earnings per common share - dilusted	$	0.05	$	0.01	$	0.06	$	0.05
Weighted average shares outstanding - basic		7,467,339		7,828,981		7,467,339		7,828,981
Weighted average shares outstanding		7,467,339		7,828,981		7,467,339		7,828,981
Effect of convertible preferred stock		4,285,714		—		4,285,714		4,285,714
Effect of options		175,919		228,858		178,131		198,824
Weighted average shares outstanding - diluted		11,928,972		8,057,839		11,931,184		12,313,519