EX-12.1 5 t81513_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

Applied DNA Sciences, Inc.

RATIO OF EARNINGS TO FIXED CHARGES

 

The following table sets forth the ratio of earnings to fixed charges for Applied DNA Sciences, Inc. for each of the last five fiscal years and for the three months ended December 31, 2014.

      Fiscal Year Ended September 30,
   Three months ended December 31, 2014  2014  2013  2012  2011  2010
Net loss  $(7,828,644)  $(13,066,661)  $(17,686,472)  $(7,150,712)  $(10,515,124)  $(7,909,600)
Fixed charges                              
Interest expense   1,012,717    11,875    —      643,063    2,458,667    792,549 
                               
Total fixed charges  $1,012,717   $11,875   $—     $643,063   $2,458,667   $792,549 
                               
Earnings/Loss adjusted   (6,815,927)   (13,054,786)   (17,686,472)   (6,507,649)   (8,056,457)   (7,117,051)
                               
Ratio of Earnings to Fixed Charges                         (a)                        (b)    (c)                      (d)                          (e)                      (f) 

 

(a) Due to the loss for the fiscal quarter ended December 31, 2014, the ratio of earning to fixed charges for that period was less than 1.00. The deficiency of earnings to total fixed charges was approximately $7,828,644.

(b) Due to the loss for the fiscal year ended September 30, 2014, the ratio of earnings to fixed charges for that period was less than 1.00. The deficiency of earnings to total fixed charges was approximately $13,066,661.

(c) Due to the loss for the fiscal year ended September 30, 2013, the ratio of earnings to fixed charges for that period was less than 1.00. The deficiency of earnings to total fixed charges was approximately $17,686,472.

(d Due to the loss for the fiscal year ended September 30, 2012, the ratio of earnings to fixed charges for that period was less than 1.00. The deficiency of earnings to total fixed charges was approximately $7,150,712.

(e) Due to the loss for the fiscal year ended September 30, 2011, the ratio of earnings to fixed charges for that period was less than 1.00. The deficiency of earnings to total fixed charges was approximately $10,515,124.

(f) Due to the loss for the fiscal year ended September 30, 2010, the ratio of earnings to fixed charges for that period was less than 1.00. The deficiency of earnings to total fixed charges was approximately $7,909,600.

 

Applied DNA Sciences, Inc. has no shares of preferred stock outstanding and has not declared or paid any dividends on preferred stock for the periods set forth above.