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 | |||||||||