Exhibit 12.1
TREVENA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
| 2011 |
| 2012 |
| 2013 |
| 2014 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Determination of earnings |
|
|
|
|
|
|
|
|
| ||||
Income/(loss) before income taxes |
| $ | (15,810,004 | ) | $ | (15,635,658 | ) | $ | (23,251,435 | ) | $ | (49,700,875 | ) |
Add: |
|
|
|
|
|
|
|
|
| ||||
Fixed Charges |
| 215,036 |
| 339,798 |
| 302,852 |
| 233,920 |
| ||||
Total Earnings/(loss) |
| (15,594,968 | ) | (15,295,860 | ) | (22,948,583 | ) | (49,466,955 | ) | ||||
|
|
|
|
|
|
|
|
|
| ||||
Fixed charges: |
|
|
|
|
|
|
|
|
| ||||
Interest expense and amortization of debt discount and deferred financing costs |
| 74,217 |
| 193,740 |
| 149,756 |
| 70,650 |
| ||||
Estimated interest component of rent expense |
| 140,819 |
| 146,058 |
| 153,096 |
| 163,270 |
| ||||
Total fixed charges |
| 215,036 |
| 339,798 |
| 302,852 |
| 233,920 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Ratio of earnings to fixed charges (1) |
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Deficiency of earnings to cover fixed charges |
| $ | 15,810,004 |
| $ | 15,635,658 |
| $ | 23,251,435 |
| $ | 49,700,875 |
|
(1) For all periods presented, no ratios are provided as earnings were insufficient to cover fixed charges.
