Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
|
| Three Months Ended |
| Year Ended December 31, |
| ||||||||
|
| March 31, 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expensed and capitalized |
| 414 |
| 408 |
| 51 |
| 19 |
| 25 |
| 41 |
|
Amortized discounts related to indebtedness |
| 243 |
| 87 |
| — |
| — |
| — |
| — |
|
Total Fixed Charges (as defined) |
| 657 |
| 495 |
| 51 |
| 19 |
| 25 |
| 41 |
|
|
|
|
|
|
|
|
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Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations before income taxes |
| (3,460 | ) | (20,294 | ) | (19,361 | ) | (11,066 | ) | (11,804 | ) | (9,756 | ) |
Fixed Charges |
| 657 |
| 495 |
| 51 |
| 19 |
| 25 |
| 41 |
|
Total Earnings (as defined) |
| (2,803 | ) | (19,799 | ) | (19,310 | ) | (11,047 | ) | (11,779 | ) | (9,715 | ) |
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|
Coverage Deficiency |
| (3,460 | ) | (20,294 | ) | (19,361 | ) | (11,066 | ) | (11,804 | ) | (9,756 | ) |
