Exhibit 11
ALLIN CORPORATION
CALCULATION OF NET INCOME PER COMMON SHARE
(Dollars in thousands, except per share data)
| Three Months Ended September 30, 2006 | Three Months Ended September 30, 2006 | Nine Months Ended September 30, 2006 | Nine Months Ended September 30, 2006 | ||||||||||
Net (loss) income | $ | (14 | ) | $ | 1,204 | $ | 1,174 | $ | 2,398 | ||||
Dividends on preferred stock | 346 | 366 | 911 | 1,071 | |||||||||
Net (loss) income attributable to common shareholders | $ | (360 | ) | $ | 838 | $ | 263 | $ | 1,327 | ||||
(Loss) earnings per common share - basic | $ | (0.05 | ) | $ | 0.11 | $ | 0.04 | $ | 0.17 | ||||
(Loss) earnings per common share - diluted | $ | (0.05 | ) | $ | 0.07 | $ | 0.03 | $ | 0.12 | ||||
Weighted average shares outstanding - basic | 7,467,339 | 7,828,981 | 7,467,339 | 7,828,981 | |||||||||
Weighted average shares outstanding | 7,467,339 | 7,828,981 | 7,467,339 | 7,828,981 | |||||||||
Effect of convertible preferred stock | — | 4,285,714 | 4,285,714 | 4,285,714 | |||||||||
Effect of options | — | 229,266 | 178,131 | 208,646 | |||||||||
Weighted average shares outstanding - diluted | 7,467,339 | 12,343,961 | 11,931,184 | 12,323,341 | |||||||||