1 EXHIBIT 11.1 SpectRx, Inc. COMPUTATION OF LOSS PER SHARE (in thousands, except per share data) Three Months Nine Months September 30, September 30 -------------------------- -------------------------- 1998 1999 1998 1999 -------- -------- -------- -------- Net Loss $ (1,135) $ (1,121) $ (5,130) $ (5,399) Weighted average Common Stock outstanding during the period 8,001 8,030 7,897 8,024 Basic and Diluted -------- -------- -------- -------- Loss Per Share Basic and Diluted $ (0.14) $ (0.14) $ (0.65) $ (0.67)