EX-12.1 4 dex121.htm STATEMENT RE: COMPUTATION OF RATIOS STATEMENT RE: COMPUTATION OF RATIOS

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     For the Year Ended December 31,

    Proforma  
     2000

    2001

    2002

    2003

    2004

    2004

 

Earnings (loss) –

                                                

Loss before income taxes

   $ (5,847 )   $ (10,090 )   $ (34,017 )   $ (29,789 )   $ (93,271 )   $ (95,732 )

Add fixed Charges:

                                                

Interest expense on indebtedness

   $ 843     $ 692     $ 1,936     $ 990     $ 4,480     $ 6,537  

Estimated interest on rental expense

     305       341       329       300       1,721       1,721  

Amortization of deferred closing costs related to convertible notes

     —         —         294       156       521       893  

Amortization of discount on convertible notes

     —         —         511       271                  
    


 


 


 


 


 


Total Adjusted Loss

   $ (4,699 )   $ (9,057 )   $ (30,947 )   $ (28,072 )   $ (86,549 )   $ (86,581 )
    


 


 


 


 


 


Fixed Charges –

                                                

Interest expense on indebtedness

   $ 843     $ 692     $ 1,936     $ 990     $ 4,480     $ 6,537  

Estimated interest on rental expense

     305       341       329       300       1,721       1,721  

Amortization of deferred closing costs related to convertible notes

     —         —         294       156       521       893  

Amortization of discount on convertible notes

     —         —         511       271                  
    


 


 


 


 


 


Total Fixed Charges

   $ 1,148     $ 1,033     $ 3,070     $ 1,717     $ 6,722     $ 9,151  

Coverage deficiency

   $ (5,847 )   $ (10,090 )   $ (34,017 )   $ (29,789 )   $ (93,271 )   $ (95,732 )