| 2009 | 2010 | 2011 | 2012 | 2013 | ||||||||||||||||||
| Pre-tax income from continuing operations (4) | (7,694 | ) | (11,778 | ) | (543 | ) | (7,358 | ) | (4,886 | ) | ||||||||||||
| Interest expense | 1,454 | 2,136 | 875 | 2,065 | 830 | |||||||||||||||||
| Amortization of Capitalized expenses on debt grant | 469 | 920 | 224 | 31 | 0 | |||||||||||||||||
| Preference security dividend requirements | N/A | N/A | N/A | N/A | N/A | |||||||||||||||||
| Earnings | (5,771 | ) | (8,722 | ) | 556 | (5,262 | ) | (4,056 | ) | |||||||||||||
| Fixed Charges | 1,923 | 3,056 | 1,099 | 2,096 | 830 | |||||||||||||||||
| Ratio of earnings to fixed charges (1) | [- | ] | [- | ] | [- | ] | [- | ] | [- | ] | ||||||||||||
Ratio of earnings to combined fixed charges and preferred share dividends (1) (3) | [- | ] | [- | ] | [- | ] | [- | ] | [- | ] | ||||||||||||
| (1) Earnings were insufficient to cover fixed charges by: | Euro (in thousands) | 7,694 | 11,778 | 543 | 7,358 | 4,886 | ||||||||||||||||
| US Dollar (in millions) (2) | 10,737 | 15,565 | 760 | 9,499 | 6,500 | |||||||||||||||||
(2) Dollar amounts have been translated solely for the convenience of the reader at the following exchange rates: | 1.3955 | 1.3215 | 1.4002 | 1.2909 | 1.3303 | |||||||||||||||||
(3) The Company did not have any outstanding preferred shares over the indicated periods. | ||||||||||||||||||||||
| (4) Pre-tax incomes from continuing operations include the following non-cash changes in fair value: income / (loss) | (2,718 | ) | (6,052 | ) | 2,434 | (374 | ) | 1,007 | ||||||||||||||
