Exhibit 11

ALLIN CORPORATION

CALCULATION OF EARNINGS (LOSS) PER COMMON SHARE

(Dollars in thousands, except per share data)

	Year Ended December 31, 2007		Year Ended December 31, 2006
Net income	$	3,346	$	1,860
Dividends on preferred stock		1,443		1,261
Net income attributable to common shareholders	$	1,903	$	599
Earnings per common share - basic	$	0.24	$	0.08
Earnings per common share - diluted	$	0.17	$	0.06
Weighted average common shares outstanding during the period - basic		7,935,747		7,553,539
Weighted average common shares outstanding during the period		7,935,747		7,553,539
Effect of options		215,926		178,130
Effect of convertible preferred stock		4,285,714		4,285,714
Weighted average number of shares outstanding during the period - diluted		12,437,387		12,017,383

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