EX-12.1 2 dex121.htm STATEMENT RE CALCULATION OF RATIO OF EARNINGS Statement Re Calculation of Ratio of Earnings

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 )