Exhibit 12.1
CPI AEROSTRUCTURES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| For the Year Ended December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Pretax income | $ | (5,674,576 | ) | $ | 8,006,993 | $ | (37,682,275 | ) | $ | 11,153,894 | $ | 16,525,130 | ||||||||
| Fixed charges: | ||||||||||||||||||||
| Interest expense | $ | 1,356,645 | $ | 918,129 | $ | 984,428 | $ | 1,043,786 | $ | 783,373 | ||||||||||
| Total earnings | $ | (4,317,931 | ) | $ | 8,925,122 | $ | (36,697,847 | ) | $ | 12,197,680 | $ | 17,308,503 | ||||||||
| Ratio of earnings to fixed charges | (3.18 | ) | 9.72 | (37.27 | ) | 11.68 | 22.09 | |||||||||||||
| Deficiency of earnings available to cover fixed charges | $ | (5,674,576 | ) | — | $ | (37,682,275 | ) | — | — | |||||||||||
