Exhibit 12.1
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS
|
| Period From |
| Period From |
| ||
|
|
|
| ||||
Income (Loss) Before Income Taxes |
| $ | 26,705,983 |
| $ | (10,015,097 | ) |
Fixed Charges |
|
| 26,659,038 |
|
| 12,261,115 |
|
Amortization of Capitalized Interest |
|
| 37,939 |
|
| — |
|
Capitalized Interest |
|
| (381,191 | ) |
| (107,111 | ) |
|
|
|
| ||||
Earnings |
| $ | 53,021,769 |
| $ | 2,138,907 |
|
|
|
|
| ||||
Interest Expense |
| $ | 24,189,649 |
| $ | 10,640,988 |
|
Portion of Rent Related to Interest |
|
| 2,088,198 |
|
| 1,513,016 |
|
Capitalized Interest |
|
| 381,191 |
|
| 107,111 |
|
|
|
|
| ||||
Fixed Charges |
|
| 26,659,038 |
|
| 12,261,115 |
|
|
|
|
| ||||
Preferred Stock Dividends |
|
| — |
|
| — |
|
|
|
|
| ||||
Combined Fixed Charges and Preferred Stock Dividends |
| $ | 26,659,038 |
| $ | 12,261,115 |
|
|
|
|
| ||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
|
| 2.0 |
|
| — |
|
|
|
|
| ||||
Deficiency |
| $ | — |
| $ | 10,122,208 |
|
|
|
|
| ||||