EX-12.1 6 v117307_ex12-1.htm
Exhibit 12.1

Discovery Laboratories, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)

 
  
Fiscal year Ended December 31,
  
Three
Months
Ended
March 31,
  
 
  
2003
  
2004
  
2005
  
2006
  
2007
  
2008
  
Net loss
  
$
(24,280
)
$
(46,203
)
$
(58,904
)
$
(46,333
)
$
(40,005
)
$
(9,714
)
Add: fixed charges
    
320
    
913
    
1,031
    
1,570
    
2,194
    
486
  
Less: capitalized interest
    
-
    
-
    
-
    
-
    
35
    
-
  
Adjusted earnings
    
(23,960
)
  
(45,290
)
  
(57,873
)
  
(15,709
)
  
(37,846
)
  
(9,228
)
Interest expenses and capitalized
    
297
    
882
    
954
    
1,498
    
2,122
    
468
  
Estimated interest component of rent
    
23
    
31
    
77
    
72
    
72
    
18
  
Total fixed charges
    
320
    
913
    
1,031
    
1,570
    
2,194
    
486
  
Ratio (1)
    
—
    
—
    
—
    
—
    
—
    
—
  
 
(1)
Adjusted earnings, as shown above, were insufficient to cover fixed charges in each period. We have not included a ratio of earnings to combined fixed charges and preferred stock dividends because we do not have any preferred stock outstanding.