EXHIBIT 12.1
COMPUTATION OF DEFICIENCY OF EARNINGS TO COVER FIXED CHARGES
NINE MONTHS ENDED JUNE
FISCAL YEAR ENDED SEPTEMBER 30, 30, PRO FORMA
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FISCAL YEAR NINE MONTHS
ENDED ENDED
SEPTEMBER 30, JUNE 30,
1993 1994 1995 1995 1996 1995 1996
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Loss before income tax.. $(846,102) $ (906,461) $ (497,812) $(1,534,186) $(2,524,518) $(1,321,223) $ (449,229)
Interest expense........ 529,720 3,515,752 8,019,072 5,541,417 7,840,218 8,444,956 6,574,231
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Earnings (Loss) to
cover
fixed charges......... (316,382) 2,609,291 7,521,260 4,007,231 5,315,700 7,123,733 6,125,002
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Interest expense........ 529,720 3,515,752 8,019,072 5,541,417 7,840,218 8,444,956 6,574,231
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Fixed Charges.......... 529,720 3,515,752 8,019,072 5,541,417 7,840,218 8,444,956 6,574,231
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Deficiency of Earnings
to Cover
Fixed Charges(1)....... $ 846,102 $ 906,461 $ 497,812 $ 1,534,186 $ 2,524,518 $ 1,321,223 $ 449,229
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(1) Represents the amount earnings are deficient to cover the fixed charges.
This was calculated by subtracting the earnings from fixed charges.