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STRATUS SERVICES GROUP, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Three Months Ended December 31, | Year Ended September 30, | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2002 | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||
Earnings | ||||||||||||||||
Earnings (loss) from continuing operations before income taxes | $81,543 | ($690,405 | ) | ($4,433,132 | ) | ($7,085,633 | ) | ($5,600,772 | ) | ($727,474 | ) | ($1,824,007 | ) | |||
Adjustments: | ||||||||||||||||
(Earnings) loss from equity investments | 14,953 | 2,969 | (30,473 | ) | (46,312 | ) | 36,344 | — | — | |||||||
Fixed charges | 509,294 | 474,763 | 2,160,900 | 1,929,935 | 1,971,821 | 717,023 | 915,422 | |||||||||
Earnings (loss) as adjusted | 605,790 | 212,673 | (2,302,705 | ) | (5,202,010 | ) | (3,592,607 | ) | (10,451 | ) | (908,585 | ) | ||||
Combined fixed charges: | ||||||||||||||||
Interest expense, including debt discount amortization | 453,194 | 437,063 | 1,887,900 | 1,689,635 | 1,762,721 | 631,023 | 858,422 | |||||||||
Portion of rental expense representative of interest factor (assumed to be 30%) | 56,100 | 37,700 | 273,000 | 240,300 | 209,100 | 86,000 | 57,000 | |||||||||
Fixed charges | $509,294 | 474,763 | $2,160,900 | $1,929,935 | $1,971,821 | $717,023 | $915,422 | |||||||||
Ratio of Earnings to Fixed Charges | 1.2x | —(1 | ) | —(1 | ) | —(1 | ) | —(1 | ) | —(1 | ) | —(1 | ) | |||
Amount of earnings deficiency for coverage of combined fixed charges | $— | ($687,436 | ) | ($4,463,605 | ) | ($7,131,945 | ) | ($5,564,428 | ) | ($727,474 | ) | ($1,824,007 | ) | |||
(1) Less than 1.0x
STRATUS SERVICES GROUP, INC. CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES