Exhibit 12.1
PARKERVISION, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands of dollars)
For the Nine Months Ended September 30, 2008 | For the Year Ended December 31, 2007 | For the Year Ended December 31, 2006 | For the Year Ended December 31, 2005 | For the Year Ended December 31, 2004 | For the Year Ended December 31, 2003 | |||||||||||||||||||
Pretax loss from continuing operations | $ | (17,346 | ) | $ | (18,213 | ) | $ | (15,816 | ) | $ | (23,099 | ) | $ | (22,588 | ) | $ | (18,635 | ) | ||||||
Fixed charges: | ||||||||||||||||||||||||
Estimate of interest portion of rental expense (A) | 154 | 253 | 218 | 247 | 228 | 199 | ||||||||||||||||||
Total Earnings | (17,192 | ) | (17,960 | ) | (15,598 | ) | (22,852 | ) | (22,360 | ) | (18,436 | ) | ||||||||||||
Ratio of earnings to fixed charges | (B) | (C) | (D) | (E) | (F) | (G) | ||||||||||||||||||
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(A) | Estimated as one-third of rental expense. |
(B) | Due to the Company’s loss for the nine month period ended September 30, 2008, the ratio coverage was less than 1:1. The Company must generate additional earnings of $17,346 to achieve a coverage ratio of 1:1. |
(C) | Due to the Company’s loss in 2007, the ratio coverage was less than 1:1. The Company must generate additional earnings of $18,213 to achieve a coverage ratio of 1:1. |
(D) | Due to the Company’s loss in 2006, the ratio coverage was less than 1:1. The Company must generate additional earnings of $15,816 to achieve a coverage ratio of 1:1. |
(E) | Due to the Company’s loss in 2005, the ratio coverage was less than 1:1. The Company must generate additional earnings of $23,099 to achieve a coverage ratio of 1:1. |
(F) | Due to the Company’s loss in 2004, the ratio coverage was less than 1:1. The Company must generate additional earnings of $22,588 to achieve a coverage ratio of 1:1. |
(G) | Due to the Company’s loss in 2003, the ratio coverage was less than 1:1. The Company must generate additional earnings of $18,635 to achieve a coverage ratio of 1:1. |