Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Year Ended December 31, | Six-months ended | Proforma Six-months ended | ||||||||||||||||||||||||||
1999 | 2000 | 2001 | 2002 | 2003 | 26-Jun-04 | 26-Jun-04 | ||||||||||||||||||||||
Fixed Charges— | ||||||||||||||||||||||||||||
Interest expense on indebtedness | $ | 867 | $ | 843 | $ | 692 | $ | 1,936 | $ | 990 | $ | 1,541 | $ | 3,598 | ||||||||||||||
Estimated interest on rental expense | 299 | 305 | 341 | 329 | 300 | 962 | 962 | |||||||||||||||||||||
Amortization of deferred closing costs related to convertible notes | — | — | — | 294 | 156 | 112 | 403 | |||||||||||||||||||||
Amortization of discount on convertible notes | — | — | — | 511 | 271 | |||||||||||||||||||||||
Total Fixed Charges | $ | 1,166 | $ | 1,148 | $ | 1,033 | $ | 3,070 | $ | 1,717 | $ | 2,615 | $ | 4,963 | ||||||||||||||
Earnings (loss)— | ||||||||||||||||||||||||||||
Loss before income taxes | $ | (3,940 | ) | $ | (5,847 | ) | $ | (10,090 | ) | $ | (34,017 | ) | $ | (29,789 | ) | $ | (36,746 | ) | $ | (39,206 | ) | |||||||
Fixed charges per above | 1,166 | 1,148 | 1,033 | 3,070 | 1,717 | 2,615 | 4,963 | |||||||||||||||||||||
Coverage deficiency Total loss | $ | (2,774 | ) | $ | (4,699 | ) | $ | (9,057 | ) | $ | (30,947 | ) | $ | (28,072 | ) | $ | (34,131 | ) | $ | (34,243 | ) | |||||||