Exhibit 12.1
Kopin Corporation
Ratio of Earnings to Fixed Charges
(dollar amounts in thousands except for ratio)
(excludes discontinued operations for all periods)
Fiscal Years Ended December | ||||||||||||||||||
2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||||
Earnings: | ||||||||||||||||||
(Loss) income from continuing operations, before taxes | $ | (16,744 | ) | $ | 7,995 | $ | (7,461 | ) | $ | (10,254 | ) | $ | 4,188 | |||||
Interest expense(1) | 146 | 148 | 148 | 154 | 147 | |||||||||||||
Total Earnings: | (16,598 | ) | 8,143 | (7,313 | ) | (10,100 | ) | 4,335 | ||||||||||
Fixed Charges: | ||||||||||||||||||
Interest expense (1) | 146 | 148 | 148 | 154 | 147 | |||||||||||||
Total Fixed Charges: | $ | 146 | $ | 148 | $ | 148 | $ | 154 | $ | 147 | ||||||||
Ratio of Earnings to Fixed Charges | N/A | 55.2 | N/A | N/A | 29.4 | |||||||||||||
Excess (deficiency) of earnings to Fixed Charges | $ | (16.568 | ) | $ | 8,143 | $ | (7,313 | ) | $ | (10,100 | ) | $ | 4,335 |
(2) | Kopin Corporation has no debt beyond normal trade payables. Interest expense represents an estimate of the interest portion of our rent expense incurred under operating leases. |