EX-12 2 ex12.htm EXHIBIT 12 ex12.htm

Exhibit-12

 

 

 

 

For the Year ended December 31,

 

2015

2014

2013

2012

2011

           

Pretax income

8,006,993

(37,682,275)

11,153,895

16,525,130

10,538,928

           

Fixed Charges:

         
           

Interest Expense

918,129

984,428

1,043,786

783,373

343,491

           

Total Earnings

8,925,122

(36,697,847)

12,197,681

17,308,503

10,882,419

           
           

Ratio of earnings to fixed charges

9.72

(37.28)

11.69

22.09

31.68