Exhibit 12.1
PARKERVISION, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands of dollars)
For the Six Months Ended June 30, 2012 | For the Year Ended December 31, 2011 | For the Year Ended December 31, 2010 | For the Year Ended December 31, 2009 | For the Year Ended December 31, 2008 | For the Year Ended December 31, 2007 | |||||||||||||||||||
Pretax loss from continuing operations | $ | (5,061 | ) | $ | (14,573 | ) | $ | (15,028 | ) | $ | (21,530 | ) | $ | (23,074 | ) | $ | (18,213 | ) | ||||||
Fixed charges: | ||||||||||||||||||||||||
Estimate of interest portion of rental expense (A) | 114 | 205 | 219 | 248 | 226 | 253 | ||||||||||||||||||
Total Earnings | $ | (4,947 | ) | $ | (14,368 | ) | $ | (14,809 | ) | $ | (21,282 | ) | $ | (22,848 | ) | $ | (17,960 | ) | ||||||
Ratio of earnings to fixed charges | (B) | (C) | (D) | (E) | (F) | (G) |
(A) | Estimated as one-third of rental expense. |
(B) | Due to the Company’s loss for the six month period ended June 30, 2012, the ratio coverage was less than 1:1. The Company must generate additional earnings of $5,061 to achieve a coverage ratio of 1:1. |
(C) | Due to the Company’s loss in 2011, the ratio coverage was less than 1:1. The Company must generate additional earnings of $14,573 to achieve a coverage ratio of 1:1. |
(D) | Due to the Company’s loss in 2010, the ratio coverage was less than 1:1. The Company must generate additional earnings of $15,028 to achieve a coverage ratio of 1:1. |
(E) | Due to the Company’s loss in 2009, the ratio coverage was less than 1:1. The Company must generate additional earnings of $21,530 to achieve a coverage ratio of 1:1. |
(F) | Due to the Company’s loss in 2008, the ratio coverage was less than 1:1. The Company must generate additional earnings of $23,074 to achieve a coverage ratio of 1:1. |
(G) | 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. |