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 | ||||