Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
| | Year Ended 31-Dec-04 | |
|---|---|---|
| Earnings | 0 | |
| Fixed Charges | ||
| Interest expensed and capitalized | 5,427,748 | |
| Amortized premiums, discounts, and expenses related to indebtedness | 637,710 | |
| An estimate of the interest within rental expenses | — | |
| Total fixed charges | 6,065,458 | |
| Amount of the deficiency | 6,065,458 |
