Exhibit 12.1
Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges and Preferred Stock Dividends |
Year ended December 31, | ||||||||||||||||||||
2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 104 | $ | 104 | $ | 97 | $ | 94 | $ | 90 | ||||||||||
Estimate of interest expense within rental expense | 129 | 129 | 153 | 204 | 220 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total fixed charges | $ | 233 | $ | 233 | $ | 250 | $ | 298 | $ | 310 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Earnings before fixed charges: | ||||||||||||||||||||
Net loss before provision for income taxes | $ | (27,168 | ) | $ | (23,953 | ) | $ | (25,159 | ) | $ | (32,177 | ) | $ | (2,318 | ) | |||||
Add fixed charges | 233 | 233 | 250 | 298 | 310 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total earnings (loss) before fixed charges | $ | (26,935 | ) | $ | (23,720 | ) | $ | (24,909 | ) | $ | (31,879 | ) | $ | (2,008 | ) | |||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Deficiency of earnings to cover fixed charges: | $ | (27,168 | ) | $ | (23,953 | ) | $ | (25,159 | ) | $ | (32,177 | ) | $ | (2,318 | ) | |||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Earnings before fixed charges and preferred stock dividends: | ||||||||||||||||||||
Net loss before provision for income taxes | $ | (27,168 | ) | $ | (23,953 | ) | $ | (25,159 | ) | $ | (32,177 | ) | $ | (2,318 | ) | |||||
Add fixed charges | 233 | 233 | 250 | 298 | 310 | |||||||||||||||
Add preferred stock dividends | — | — | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total earnings (loss) before fixed charges and preferred stock dividends | $ | (26,935 | ) | $ | (23,720 | ) | $ | (24,909 | ) | $ | (31,879 | ) | $ | (2,008 | ) | |||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Deficiency of earnings to cover fixed charges and preferred stock dividends: | $ | (27,168 | ) | $ | (23,953 | ) | $ | (25,159 | ) | $ | (32,177 | ) | $ | (2,318 | ) | |||||
|
|
|
|
|
|
|
|
|
|