EXHIBIT 12.1
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(in thousands)
Years Ended December 31, | Six Months Ended June 30, | ||||||||||||||||||||
1999 | 2000 | 2001 | 2002 | 2003 | 2003 | 2004 | |||||||||||||||
Net loss | (6,947 | ) | (12,941 | ) | (19,512 | ) | (19,453 | ) | (18,457 | ) | (9,189 | ) | (24,370 | ) | |||||||
Add: fixed charges | 274 | 343 | 493 | 510 | 1,012 | 252 | 12,782 | ||||||||||||||
Earnings as defined | (6,673 | ) | (12,598 | ) | (19,019 | ) | (18,943 | ) | (17,445 | ) | (8,937 | ) | (11,588 | ) | |||||||
Fixed charges: | |||||||||||||||||||||
Interest expense | 206 | 247 | 260 | 267 | 768 | 131 | 12,656 | ||||||||||||||
Estimated interest component of rent | 68 | 96 | 233 | 243 | 244 | 121 | 126 | ||||||||||||||
Total fixed charges | 274 | 343 | 493 | 510 | 1,012 | 252 | 12,782 | ||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) |
(1) | Earnings (as defined) for the period were insufficient to cover fixed charges by an amount equal to the net loss for the period. |