EX-12.1 8 f20357orexv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except for ratios)
     The following table sets forth our ratio of earnings to fixed charges for the fiscal years ended December 31, 2005, 2004, 2003, 2002 and 2001.
                                         
    Year Ended December 31,
    2005   2004   2003   2002   2001
Earnings:
                                        
Income (Loss) before Tax Benefit
     (32,681 )     (10,949 )     (6,356 )     (4,761 )     (2,509 )
Add: Fixed Charges
     612       422       377       563       228  
Less: Capitalized Interest
     —       —       —       —       —  
Earnings, as Defined
     (32,069 )     (10,527 )     (5,979 )     (4,198 )     (2,281 )
Fixed Charges:
                                        
Interest Expense
     555       408       367       555       222  
Estimated Interest Component of Rent Expenses
     57       14       10       8       6  
Total Fixed Charges
     612       422       377       563       228  
Deficiency of Earnings to Cover Fixed Charges
     (32,681 )     (10,949 )     (6,356 )     (4,761 )     (2,509 )
Ratio of Earnings to Fixed Charges
     N/A       N/A       N/A       N/A       N/A