EXHIBIT 12.1
Published on March 16, 2012
EXHIBIT 12.1
Ratio of Earnings to Fixed Charges
Our earnings are inadequate to cover fixed charges. The following table sets forth the dollar amount of the coverage deficiency (in thousands) for the periods indicated.
|
Year Ended December 31,
|
||||||||||||||||||||
|
2011
|
2010
|
2009
|
2008
|
2007
|
||||||||||||||||
|
EARNINGS:
|
||||||||||||||||||||
|
Net loss
|
$ | (11,345 | ) | $ | (14,022 | ) | $ | (2,903 | ) | $ | (3,682 | ) | $ | (4,442 | ) | |||||
|
Plus fixed charges
|
58 | 56 | 64 | 74 | 72 | |||||||||||||||
|
Total loss to cover fixed charges
|
(11,287 | ) | (13,966 | ) | (2,839 | ) | (3,608 | ) | (4,370 | ) | ||||||||||
|
FIXED CHARGES:
|
||||||||||||||||||||
|
Interest portion of rental expense (see below)
|
58 | 56 | 64 | 74 | 72 | |||||||||||||||
|
DEFICIENCY OF EARNINGS TO COVER FIXED CHARGES
|
$ | (11,345 | ) | $ | (14,022 | ) | $ | (2,903 | ) | $ | (3,682 | ) | $ | (4,442 | ) | |||||
The estimate of the interest portion of rental expense is calculated as one-third of total rental expense for the period.