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 | |||||||||