Exhibit 12.1
Skyline Medical Inc.
Computation of Ratio of Earnings to Fixed Charges
| Six Months ended | ||||||||||||||||||||||||
| June 30, | Year ended December 31, | |||||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
| Determination of earnings | ||||||||||||||||||||||||
| Loss before income taxes | $ | (4,737,650 | ) | $ | (4,790,530 | ) | $ | (6,833,568 | ) | $ | (9,406,304 | ) | $ | (7,422,155 | ) | $ | (4,486,878 | ) | ||||||
| Add: | ||||||||||||||||||||||||
| Fixed charges - per below | - | 407,305 | 377,733 | 636,736 | 259,350 | 230,374 | ||||||||||||||||||
| Total loss | (4,737,650 | ) | (4,383,225 | ) | (6,455,835 | ) | (8,769,568 | ) | (7,162,805 | ) | (4,256,504 | ) | ||||||||||||
| Fixed charges: | ||||||||||||||||||||||||
| Interest expense | - | 188,208 | 130,395 | 636,736 | 259,350 | 230,374 | ||||||||||||||||||
| Original Issue Discount | - | 219,097 | 247,338 | |||||||||||||||||||||
| Total Fixed charges | - | 407,305 | 377,733 | 636,736 | 259,350 | 230,374 | ||||||||||||||||||
| Ratio of earnings to fixed | ||||||||||||||||||||||||
| charges (1) | ||||||||||||||||||||||||
| Deficiency of earnings to | ||||||||||||||||||||||||
| cover fixed charges | $ | 4,737,650 | $ | 4,790,530 | $ | 6,833,568 | $ | 9,406,304 | $ | 7,422,155 | $ | 4,486,878 | ||||||||||||
(1) For all periods presented, no ratios are provided as earnings were insufficient to cover fixed charges.
