EX-12.1 5 a2233667zex-12_1.htm EX-12.1

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

 

 

 

Three Months
Ended

 

Year Ended December 31,

 

 

 

30-Jun-17

 

2016

 

2015

 

2014

 

Fixed charges:

 

 

 

 

 

 

 

 

 

Interest expense

 

$

—

 

$

—

 

$

159

 

$

—

 

Portion of rental expense which represents interest factor

 

79

 

351

 

202

 

132

 

Total Fixed charges

 

$

79

 

$

351

 

$

361

 

$

132

 

Earnings available for fixed charges:

 

 

 

 

 

 

 

 

 

Pre-tax loss

 

$

(12,663

)

$

(28,882

)

$

(13,962

)

$

(5,503

)

Add: Fixed charges

 

79

 

351

 

361

 

132

 

Total Earnings available for fixed charges

 

$

(12,584

)

$

(28,531

)

$

(13,601

)

$

(5,371

)

Ratio of earnings to fixed charges

 

*

 

*

 

*

 

*

 

 

* - Earnings for the quarter ended June 30, 2017 and the years ended December 31, 2016, 2015 and 2014 were inadequate to cover fixed charges by $12,663, $28,882, $13,962 and $5,503, respectively.

 

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