Precipio (PRPO) S-3 Shelf registration

Exhibit 12.1

STATEMENT REGARDING THE COMPUTATION OF RATIOS

Our earnings are inadequate to cover combined fixed charges and preference dividends. The following table sets forth the dollar amount of the coverage deficiency (in thousands) for the periods indicated.

	Year Ended December 31,															Nine Months Ended September 30,
	2009			2010			2011			2012			2013			2014
Loss before income taxes	$	(1,878	)	$	(2,984	)	$	(9,737	)	$	(8,181	)	$	(16,041	)	$	(7,678	)
Add fixed charges:
Interest expense		-			4			959			232			588			438
Amortization of costs related to indebtedness		-			3			-			56			56			52
Estimated interest factor in rent (1)		247			254			295			325			345			243
Earnings (loss)	$	(1,631	)	$	(2,723	)	$	(8,483	)	$	(7,568	)	$	(15,052	)	$	(6,945	)
Fixed charges and preference dividends:
Interest expense		-			4			959			232			588			438
Amortization of costs related to indebtedness		-			3			-			56			56			52
Estimated interest factor in rent (1)		247			254			295			325			345			243
Total fixed charges		247			261			1,254			613			989			733
Add:
Preferred stock dividends		-			-			1,010			660			726			839
Combined fixed charges and preferred stock dividends	$	247		$	261		$	2,264		$	1,273		$	1,715		$	1,572
Ratio of earnings(loss) to fixed charges		-			-			-			-			-			-
Ratio of earnings(loss) to combined fixed charges and preferred stock dividends		-			-			-			-			-			-
Deficiency of earnings available to cover fixed charges	$	1,878		$	2,984		$	9,737		$	8,181		$	16,041		$	7,678
Deficiency of earnings available to cover combined fixed charges and preference dividends	$	1,878		$	2,984		$	10,747		$	8,841		$	16,767		$	8,517