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, 2016 | For the Year Ended December 31, 2015 | For the Year Ended December 31, 2014 | For the Year Ended December 31, 2013 | For the Year Ended December 31, 2012 | For the Year Ended December 31, 2011 | |
Pretax loss from continuing operations | $(15,178) | $(17,075) | $(23,569) | $(27,872) | $(20,322) | $(14,573) |
Fixed charges: | ||||||
Interest | 51 | 22 | 7 | 7 | 9 | 6 |
Estimate of interest portion of rental expense (A) | 136 | 202 | 238 | 237 | 249 | 199 |
Total Earnings | $(14,991) | $(16,851) | $(23,324) | $(27,628) | $(20,064) | $(14,368) |
Ratio of earnings to fixed charges | (B) | (C) | (D) | (E) | (F) | (G) |
(A) | Estimated as one-third of rental expense which the Company believes is a reasonable approximation of the interest factor. |
(B) | Due to the Company’s loss for the nine month period ended September 30, 2016, the ratio coverage was less than 1:1. The Company must generate additional earnings of $15,178 to achieve a coverage ratio of 1:1. |
(C) | Due to the Company’s loss in 2015, the ratio coverage was less than 1:1. The Company must generate additional earnings of $17,075 to achieve a coverage ratio of 1:1. |
(D) | Due to the Company’s loss in 2014, the ratio coverage was less than 1:1. The Company must generate additional earnings of $23,569 to achieve a coverage ratio of 1:1. |
(E) | Due to the Company’s loss in 2013, the ratio coverage was less than 1:1. The Company must generate additional earnings of $27,872 to achieve a coverage ratio of 1:1. |
(F) | Due to the Company’s loss in 2012, the ratio coverage was less than 1:1. The Company must generate additional earnings of $20,322 to achieve a coverage ratio of 1:1. |
(G) | 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. |