Exhibit 12.1
EndoChoice Holdings, Inc.
Computation of Deficiency of Earnings to Fixed Charges
| Six Months Ended June 30, 2016 | Year Ended December 31, | |||||||||||||||||||
| in thousands | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings (loss): | ||||||||||||||||||||
Net loss | $ | (41,747 | ) | $ | (59,384 | ) | $ | (53,644 | ) | $ | (23,918 | ) | $ | (1,201 | ) | |||||
Fixed charges (from below) | 2,554 | 8,149 | 4,346 | 387 | 386 | |||||||||||||||
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Total loss | $ | (39,193 | ) | $ | (51,235 | ) | $ | (49,298 | ) | $ | (23,531 | ) | $ | (815 | ) | |||||
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Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 2,108 | $ | 4,757 | $ | 3,814 | $ | 104 | $ | 208 | ||||||||||
Non-cash interest expense and discount amortization | 189 | 657 | 136 | — | — | |||||||||||||||
Loss on early retirement of debt | — | 2,282 | — | — | — | |||||||||||||||
Interest portion of rent expense | 257 | 453 | 396 | 283 | 178 | |||||||||||||||
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Total fixed charges | $ | 2,554 | $ | 8,149 | $ | 4,346 | $ | 387 | $ | 386 | ||||||||||
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Coverage deficiency | $ | 41,747 | $ | 59,384 | $ | 53,644 | $ | 23,918 | $ | 1,201 | ||||||||||
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