Exhibit 11

ALLIN CORPORATION

CALCULATION OF EARNINGS PER COMMON SHARE

(Dollars in thousands, except per share data)

	Three Months Ended March 31, 2008		Three Months Ended March 31, 2007
Net income	$	828	$	792
Dividends on preferred stock		373		348
Net income attributable to common shareholders	$	455	$	444
Earnings per common share - basic	$	0.06	$	0.06
Earnings per common share - diluted	$	0.04	$	0.04
Weighted average shares outstanding during the period - basic		8,271,819		7,828,981
Weighted average shares outstanding during the period		8,271,819		7,828,981
Effect of convertible preferred stock		4,285,714		4,285,714
Effect of options		242,966		168,323
Weighted average number of shares outstanding during the period - diluted		12,800,499		12,283,018