EX-12.1 2 exh_121.htm EXHIBIT 12.1

Exhibit 12.1

 

Skyline Medical Inc.

Computation of Ratio of Earnings to Fixed Charges

 

   Six Months ended               
   June 30,  Year ended December 31,
   2016  2015  2014  2013  2012  2011
Determination of earnings                              
Loss before income taxes  $(4,737,650)  $(4,790,530)  $(6,833,568)  $(9,406,304)  $(7,422,155)  $(4,486,878)
Add:                              
Fixed charges - per below   -    407,305    377,733    636,736    259,350    230,374 
Total loss   (4,737,650)   (4,383,225)   (6,455,835)   (8,769,568)   (7,162,805)   (4,256,504)
Fixed charges:                              
Interest expense   -    188,208    130,395    636,736    259,350    230,374 
Original Issue Discount   -    219,097    247,338                
Total Fixed charges   -    407,305    377,733    636,736    259,350    230,374 
Ratio of earnings to fixed                              
   charges (1)                              
Deficiency of earnings to                              
   cover fixed charges  $4,737,650   $4,790,530   $6,833,568   $9,406,304   $7,422,155   $4,486,878 

 

(1) For all periods presented, no ratios are provided as earnings were insufficient to cover fixed charges.