Exhibit 12
CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
The following table sets forth our consolidated ratio of earnings to fixed charges and our coverage deficiency for each of the periods indicated. You should read this table in conjunction with the consolidated financial statements and notes incorporated by reference in this prospectus.
| December 31, 2015 | December 31, 2014 | December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||
Net Loss | $ | (132,376 | ) | $ | (55,005 | ) | $ | (3,483 | ) | $ | (702 | ) | $ | (20,957 | ) | |||||
Consolidated ratios of earnings to fixed charges (1) | N/A | N/A | N/A | N/A | N/A | |||||||||||||||
Coverage deficiency | $ | (132,376 | ) | $ | (55,005 | ) | $ | (3,483 | ) | $ | (702 | ) | $ | (20,957 | ) | |||||
| (1) | We did not record earnings for the years ended December 31, 2015, 2014, 2013, 2012 and 2011. Accordingly, our earnings were insufficient to cover fixed charges for such periods, and we are unable to disclose a ratio of earnings to fixed charges for such periods. |
