Nine Months Ended September 30, | ||||||||||||||||||||||||
| Year Ended December 31, | ||||||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||||
| Earnings available to cover fixed charges: | $ | (23,212 | ) | $ | (28,190 | ) | $ | (24,772 | ) | $ | (21,914 | ) | $ | (1,756 | ) | $ | (9,003 | ) | ||||||
| Fixed charges: | 266 | 475 | 601 | 452 | 334 | 280 | ||||||||||||||||||
| Ratio of earnings to fixed charges: | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||
| For all periods presented, earnings are insufficient to cover fixed charges. Coverage is deficient by the following amounts: | ||||||||||||||||||||||||
| $ | (23,478 | ) | $ | (28,665 | ) | $ | (25,373 | ) | $ | (22,366 | ) | $ | (2,090 | ) | $ | (9,283 | ) | |||||||
| Calculation of earnings available: | ||||||||||||||||||||||||
| Net loss | $ | (23,504 | ) | $ | (28,672 | ) | $ | (25,447 | ) | $ | (26,538 | ) | $ | (2,090 | ) | $ | (9,283 | ) | ||||||
| Equity loss from investment in joint venture | 26 | 7 | 74 | 4,172 | - | - | ||||||||||||||||||
| Fixed charges | 266 | 475 | 601 | 452 | 334 | 280 | ||||||||||||||||||
| Earnings available to cover fixed charges | $ | (23,212 | ) | $ | (28,190 | ) | $ | (24,772 | ) | $ | (21,914 | ) | $ | (1,756 | ) | $ | (9,003 | ) | ||||||
| Calculation of fixed charges: | ||||||||||||||||||||||||
| Interest expense | $ | 60 | $ | 155 | $ | 199 | $ | 137 | $ | 177 | $ | 126 | ||||||||||||
| Rent expense estimated interest* | 206 | 320 | 402 | 315 | 157 | 154 | ||||||||||||||||||
| Fixed charges | $ | 266 | $ | 475 | $ | 601 | $ | 452 | $ | 334 | $ | 280 | ||||||||||||
