Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
| Six Months | Year Ended December 31, | |||||||||||||||
| Ended June 30, | ||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | |||||||||||||
Fixed charges: | ||||||||||||||||
Interest expense on indebtedness | $ | 13 | $ | 25 | $ | 14 | $ | 0 | ||||||||
Interest expense on portion of rent expense representative of interest | $ | 62 | 122 | 92 | 18 | |||||||||||
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Total fixed charges | $ | 75 | $ | 147 | $ | 106 | $ | 18 | ||||||||
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Preferred stock deemed dividend | $ | 0 | $ | 0 | $ | 0 | $ | 3,230 | ||||||||
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Total fixed charges and preferred dividend | $ | 75 | $ | 147 | $ | 106 | $ | 3,248 | ||||||||
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Net loss | (27,529 | ) | (114,522 | ) | (47,453 | ) | (25,404 | ) | ||||||||
Fixed charges per above | 75 | 147 | 106 | 18 | ||||||||||||
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Total earnings (loss) | (27,454 | ) | (114,375 | ) | (47,347 | ) | (25,386 | ) | ||||||||
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Ratio of earnings to fixed charges | N/A | N/A | N/A | N/A | ||||||||||||
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Deficiency of earnings available to cover fixed charges | (27,529 | ) | (114,522 | ) | (47,453 | ) | (28,634 | ) | ||||||||
