EX-12.1 3 dex121.htm RATIO OF EARNINGS TO FIX CHARGES Ratio of Earnings to Fix Charges

Exhibit 12.1

COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES

(in thousands, except for ratios)

 

    

Nine Months

Ended

September 30,
2007

   2006    2005    2004

Deficiency of Earnings to Fixed Charges :

           

Loss before Income Taxes

   $ (18,309)    $ (18,593)    $ (5,442)    $ (3)

Add: fixed charges

     —        —        —        —  
                           

Earnings, as defined

   $ (18,309)    $ (18,593)    $ (5,442)    $ (3)
                           

Interest expense

     —        —        —        —  

Fixed charges

   $ —      $ —      $ —        —  
                           

Excess (deficiency) of Earnings to fixed charges

   $ (18,309)    $ (18,593)    $ (5,442)    $ (3)

For purposes of computing the deficiency of earnings available to cover fixed charges, fixed charges represent interest expense, the portion of operating lease rental expense that is considered by us to be representative of interest and amortization of discount related to indebtedness; earnings are defined as net loss from continuing operations before income taxes plus fixed charges; deficiency of earnings consists of loss before income taxes. Historically we have incurred no fixed costs.