| Three months ended | ||||||||||||||||||||||||
| Year ended December 31, | March 31, | |||||||||||||||||||||||
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |||||||||||||||||||
| (In $’000) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
| Income (loss) from from continuing operations before income taxes | $ | (14,425 | ) | $ | (15,330 | ) | $ | (11,738 | ) | $ | (18,948 | ) | $ | (25,023 | ) | $ | (6,545 | ) | ||||||
| Add (deduct): | ||||||||||||||||||||||||
| Fixed charges | 1,081 | 1,010 | 1,152 | 1,079 | 1,090 | 308 | ||||||||||||||||||
| Adjusted earnings | (15,506 | ) | (16,340 | ) | (12,890 | ) | (20,027 | ) | (26,113 | ) | (6,853 | ) | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
| Interest expense | 207 | 191 | 172 | 143 | 124 | 28 | ||||||||||||||||||
| Estimate of the interest within rental expense | 874 | 819 | 980 | 936 | 966 | 280 | ||||||||||||||||||
| Total fixed charges | 1,081 | 1,010 | 1,152 | 1,079 | 1,090 | 308 | ||||||||||||||||||
| Excess (deficiency) of earnings available to fixed charges | $ | (16,587 | ) | $ | (17,350 | ) | $ | (14,042 | ) | $ | (21,105 | ) | $ | (27,202 | ) | $ | (7,162 | ) | ||||||
| Ratio of earnings to fixed charges* | NA | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
| * | Our earnings were insufficient to cover fixed charges in each of the years in the five-year period ended December 31, 2007 and for the three-month period ended March 31, 2008, and accordingly ratios are not presented. |
