Exhibit 12.1
Discovery Laboratories, Inc.
Computation of Ratio of Earnings to Fixed Charges
Fiscal year Ended December 31, | Six Months Ended June 30, | |||||||||||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | 2005 | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Net Loss | $ | (10,861) | $ | (11,146) | $ | (17,443) | $ | (24,280) | $ | (46,203) | $ | (19,142) | ||||||||||||
Add: Fixed Charges | 38 | 61 | 199 | 353 | 952 | 527 | ||||||||||||||||||
Adjusted Earnings | (10,823) | (11,085) | (17,244) | (23,927) | (45,251) | (18,615) | ||||||||||||||||||
Estimated interest component of rent | 33 | 35 | 55 | 56 | 70 | 93 | ||||||||||||||||||
Interest expense | 5 | 26 | 144 | 297 | 882 | 434 | ||||||||||||||||||
Total fixed charges | 38 | 61 | 199 | 353 | 952 | 527 | ||||||||||||||||||
Ratio (1) | __ | __ | __ | __ | __ | __ |
(1) | Adjusted earnings, as shown above, were insufficient to cover fixed charges in each period. We have not included a ratio of earnings to combined fixed charges and preferred stock dividends because we do not have any preferred stock outstanding. |