EX-12.1 5 dex121.htm STATEMENT REGARDING CALCULATION OF RATIO OF EARNINGS STATEMENT REGARDING CALCULATION OF RATIO OF EARNINGS

Exhibit 12.1

Calculation of Ratio of Earnings to Fixed Charges

 

     2001     2002     2003     2004     2005    

Six-months ended

30-Jun-06

 

Earnings (loss)–

            

Loss before income taxes

   $ (10,090 )   $ (34,017 )   $ (29,789 )   $ (93,271 )   $ (88,593 )   $ (43,130 )

Add fixed charges:

            

Interest expense on indebtedness

   $ 692     $ 1,936     $ 990     $ 4,480     $ 6,556     $ 3,286  

Estimated interest on rental expense

     341       329       300       1,611       1947       973  

Amortization of deferred closing costs related to convertible notes

     —         294       156       521       816       408  

Amortization of discount on convertible notes

     —         511       271        
                                                

Total Adjusted Loss

   $ (9,057 )   $ (30,947 )   $ (28,072 )   $ (86,659 )   $ (79,274 )   $ (38,463 )
                                                

Fixed Charges–

            

Interest expense on indebtedness

   $ 692     $ 1,936     $ 990     $ 4,480     $ 6,556     $ 3,286  

Estimated interest on rental expense

     341       329       300       1,611       1,947       973  

Amortization of deferred closing costs related to convertible notes

     —         294       156       521       816       408  

Amortization of discount on convertible notes

     —         511       271        
                                                

Total Fixed Charges

   $ 1,033     $ 3,070     $ 1,717     $ 6,612     $ 9,319     $ 4,667  

Coverage deficiency

   $ (10,090 )   $ (34,017 )   $ (29,789 )   $ (93,271 )   $ (88,593 )   $ (43,130 )