Exhibit 12.1
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
June 12, 2008 | ||||||||||||
(Inception) | ||||||||||||
Through | Year Ended | Nine Months Ended | ||||||||||
December 31, 2008 | December 31, 2009 | September 30, 2010 | ||||||||||
Fixed Charges: | ||||||||||||
Interest costs (both expensed and capitalized | 1 | 194 | 96 | |||||||||
Amortization of debt expense and discount or premium | — | — | — | |||||||||
Portion of rental expense that can be demonstrated to be an interest factor (SEC will acccept 1/3 of rental expense related ti operating leases as the interest portion) | 8 | 51 | 38 | |||||||||
Total Fixed Charges | 9 | 245 | 134 | |||||||||
Earnings | ||||||||||||
Add | ||||||||||||
pre-tax income from continuing operations | (14,074 | ) | (28,587 | ) | (41,185 | ) | ||||||
fixed charges from above | 9 | 245 | 134 | |||||||||
amortization of capital interest | — | — | — | |||||||||
distributed income to investees | — | — | — | |||||||||
Less | ||||||||||||
interest capitalized | — | — | — | |||||||||
Total Earnings | (14,065 | ) | (28,342 | ) | (41,051 | ) | ||||||
Shortage for year | (14,074 | ) | (28,587 | ) | (41,185 | ) |