Exhibit 11

ALLIN CORPORATION

CALCULATION OF NET INCOME PER COMMON SHARE

(Dollars in thousands, except per share data)	Three Months Ended September 30, 2008			Three Months Ended September 30, 2007		Nine Months Ended September 30, 2008		Nine Months Ended September 30, 2007
Net (loss) income	$	(336	)	$	1,204	$	1,473	$	2,398
Dividends on preferred stock		389			366		1,140		1,071
Net (loss) income attributable to common shareholders	$	(725	)	$	838	$	333	$	1,327
(Loss) earnings per common share – basic	$	(0.09	)	$	0.11	$	0.04	$	0.17
(Loss) earnings per common share – diluted	$	(0.09	)	$	0.07	$	0.04	$	0.12
Weighted average shares outstanding – basic		8,421,819			7,828,981		8,345,177		7,828,981
Weighted average shares outstanding		8,421,819			7,828,981		8,345,177		7,828,981
Effect of convertible preferred stock		—			4,285,714		4,285,714		4,285,714
Effect of stock options		—			229,266		243,724		208,646
Weighted average shares outstanding – diluted		8,421,819			12,343,961		12,874,615		12,323,341