EX-12.1 3 ex12_1.htm EXHIBIT 12.1
Exhibit 12.1

Statement Regarding the Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
 
Our earnings are inadequate to cover fixed charges. The following table sets forth the dollar amount of the coverage deficiency (in thousands) for the periods indicated.
 
 
 
Year Ended December 31,
 
 
 
Three Months
Ended
March 31,
 2014
 
 
  
  
2009
 
 
 
2010
 
 
 
2011
 
 
 
2012
 
 
 
2013
 
 
 
EARNINGS:
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
  
$
(2,903
) 
 
$
(14,022
) 
 
$
(11,345
) 
 
$
(6,227
) 
 
$
(9,499
) 
 
$
(14,600
) 
Plus fixed charges
  
 
64
  
 
 
56
  
 
 
58
  
 
 
58
  
 
 
61
  
 
 
16
  
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total loss to cover fixed charges
  
 
(2,839
)
 
 
(13,966
) 
 
 
(11,287
) 
 
 
(6,169
) 
 
 
(9,438
) 
 
 
(14,584
) 
 
FIXED CHARGES:
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest portion of rental expense (see below)
  
 
64
  
 
 
56
  
 
 
58
  
 
 
58
  
 
 
61
  
 
 
16
  
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DEFICIENCY OF EARNINGS TO COVER FIXED CHARGES
  
$
(2,903
) 
 
$
(14,022
) 
 
$
(11,345
) 
 
$
(6,227
) 
 
$
(9,499
) 
 
$
(14,600
) 
 
The estimate of the interest portion of rental expense is calculated as one-third of total rental expense for the period.