Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Year ended December 31, | Nine months ended September 30, | |||||||||||||||||||||||
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Consolidated loss from continuing operations | $ | (10,224 | ) | $ | (2,768 | ) | $ | (17,725 | ) | $ | (17,184 | ) | $ | (15,941 | ) | $ | (8,850 | ) | ||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | — | — | — | 358 | 241 | — | ||||||||||||||||||
Amortization of debt issuance costs | — | — | — | 12 | 44 | — | ||||||||||||||||||
Estimated interest portion of rental expense | 332 | 356 | 480 | 574 | 1,035 | 992 | ||||||||||||||||||
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Total fixed charges | 332 | 356 | 480 | 944 | 1,320 | 992 | ||||||||||||||||||
Net loss from continuing operations plus fixed charges | $ | (9,892 | ) | $ | (2,412 | ) | $ | (17,245 | ) | $ | (16,240 | ) | $ | (14,621 | ) | $ | (7,858 | ) | ||||||
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Ratio of earnings to fixed charges(1) | N/A | N/A | N/A | N/A | N/A | N/A |
(1) | Due to the Company's consolidated loss from continuing operations for the years ended December 31, 2008, 2009, 2010, 2011 and 2012 and for the nine months ended September 30, 2013, earnings were insufficient to cover fixed charges by $10,224,000, $2,768,000, $17,725,000, $17,184,000, $15,941,000 and $8,850,000, respectively. |