1 SpectRx, Inc. EXHIBIT 11.1 COMPUTATION OF LOSS PER SHARE (in thousands, except per share data) Nine months September 30, ------------------------ 1999 2000 -------- ------- Net Loss available to Common shareholders ..................................................... (5,399) (6,406) Weighted average Common Stock outstanding during the period ............................................. 8,024 8,406 Basic and Diluted ------ ------ Loss Per Share Basic and Diluted .......................................... $(0.67) $(0.76)