Year Ended December 31, | ||||||||||||||||||||
From Inception on April 18, 2008 Through December 31, 2008 | 2009 | 2010 | 2011 | For Six Months Ended June 30 2012 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Net Income | $ | 16,734 | $ | (2,277,192 | ) | $ | (4,268,569 | ) | $ | (1,345,054 | ) | $ | (7,217,278 | ) | ||||||
Income Taxes | 6,454 | - | 65,240 | - | - | |||||||||||||||
Amortization of Capitalized Interest | - | - | - | - | - | |||||||||||||||
Rent expense/office lease | - | - | 15,767 | 15,203 | 24,342 | |||||||||||||||
Interest Expense | - | - | 629,026 | 2,036,032 | 685,235 | |||||||||||||||
23,188 | (2,277,192 | ) | (3,558,536 | ) | 706,181 | (6,507,701 | ) | |||||||||||||
Fixed Charges | ||||||||||||||||||||
Rent expense/office lease | - | - | 15,767 | 15,203 | 24,342 | |||||||||||||||
Interest incurred (expense or capitalized) | - | - | 629,026 | 2,036,032 | 685,235 | |||||||||||||||
Ratio of earnings to fixed charges | #DIV/0! | #DIV/0! | -5.52 | 0.34 | -9.17 | |||||||||||||||
Deficiency ($) | $ | 4,203,329 | $ | 1,345,054 | $ | 7,217,278 |