EX-12 6 ex12-1.txt EXHIBIT 12.1
EXHIBIT 12.1 Neoware Systems, Inc. Schedule of Ratio of Earnings to Fixed Charges Nine Months ended Fiscal Year ended June 30, March 31, 1998 1999 2000 2001 2002 2002 2003 -------------------------------------------------------------------------------------- Income (loss) from continuing operations (5,752,025) (2,795,709) (2,112,011) (468,463) 2,982,275 705,058 2,001,282 Add: Fixed Charges 411,172 83,357 25,746 45,372 105,154 71,289 89,702 Earnings as Adjusted (5,340,853) (2,712,352) (2,086,265) (423,091) 3,087,429 776,347 2,090,984 Fixed Charges: Interest Expense 387,587 65,691 17,026 6,400 26,753 16,600 25,028 Portion of rent under operating leases deemed by us to be representative of the interest factor 23,585 17,666 8,720 38,972 78,401 54,689 64,674 Fixed Charges 411,172 83,357 25,746 45,372 105,154 71,289 89,702 Inadequate earnings to cover fixed charges (5,752,025) (2,795,709) (2,112,011) (468,463) - - - Ratio of earnings to fixed charges - - - - 29 11 23
Nine Months ended Fiscal Year ended June 30, March 31, 1998 1999 2000 2001 2002 2002 2003 -------------------------------------------------------------------------------------- Portion of rent attributable to interest: 400 Feheley Drive 23,585 17,666 8,720 38,972 48,696 37,713 29,577 410 Feheley Drive - - - - 1,932 - 6,753 Activ-e, Plymouth Meeting - - - - 21,357 12,516 23,616 Germany - - - - 6,416 4,460 4,728 -------------------------------------------------------------------------------------- 23,585 17,666 8,720 38,972 78,401 54,689 64,674