EXHIBIT 12.1
Published on May 26, 2017
Exhibit 12.1
Statement Regarding the Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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 presented.
|
For the
Three Months Ended
|
For the Year Ended December 31,
|
|||||||||||||||||||||||
|
Statement of Operations Data:
|
March 31, 2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
||||||||||||||||||
|
Earnings:
|
||||||||||||||||||||||||
|
Net loss
|
$
|
(21,611
|
)
|
$
|
(9,307
|
)
|
$
|
(14,385
|
)
|
$
|
(18,522
|
)
|
$
|
(9,499
|
)
|
$
|
(6,227
|
)
|
||||||
|
Plus fixed charges
|
20
|
81
|
78
|
68
|
61
|
58
|
||||||||||||||||||
|
Total loss to cover fixed charges
|
(21,591
|
)
|
(9,227
|
)
|
(14,307
|
)
|
(18,454
|
)
|
(9,438
|
)
|
(6,169
|
)
|
||||||||||||
|
Fixed Charges:
|
||||||||||||||||||||||||
|
Interest portion of rental expense (see below)
|
20
|
81
|
78
|
68
|
61
|
58
|
||||||||||||||||||
|
Deficiency of earnings to cover fixed charges
|
$
|
(21,611
|
)
|
$
|
(9,307
|
)
|
$
|
(14,385
|
)
|
$
|
(18,522
|
)
|
$
|
(9,499
|
)
|
$
|
(6,227
|
)
|
||||||
The estimate of the interest portion of rental expense is calculated as one-third of the total rental expense for the period.