EX-12.1 2 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

Statement of Ratio of Earnings to Fixed Charges

 

FARO Technologies, Inc.

 

     Nine months
ended
October 2,
    Year Ended December 31,
  
     2004
    2003
    2002
     2001
     2000
    1999
  

Pretax Income <loss>

    $ 12,231,756    $ 9,435,270    $ (1,804,831 )   $ (2,506,226 )   $ 464,198    $ (8,516,286 )

Interest Expense

      6,006      46,351      28,036       1,747       1,334      1,924  

Interest Portion of Rent Expense

      427,200      459,200      401,600       440,400       448,000      389,200  
    
  
  
 
 
  

ADJUSTED EARNINGS <LOSS>

    $ 12,664,962    $ 9,940,821    $ (1,375,195 )   $ (2,064,079 )   $ 913,532    $ (8,125,162 )
    
  
  
 
 
  

Interest Expense

    $ 6,006    $ 46,351    $ 28,036     $ 1,747     $ 1,334    $ 1,924  

Interest Portion of Rent Expense

      427,200      459,200      401,600       440,400       448,000      389,200  
    
  
  
 
 
  

FIXED CHARGES

    $ 433,206    $ 505,551    $ 429,636     $ 442,147     $ 449,334    $ 391,124  
    
  
  
 
 
  

Ratio of earnings to fixed charges

      29.2      19.7      N/A       N/A       2.0      N/A  
    
  
  
 
 
  

Insufficiency of earnings to cover fixed charges

                  $ 1,804,831     $ 2,506,226            $ 8,516,286