1
EXHIBIT 12.1
------------------------
Nine months ended
------------------------
FIXED CHARGES: 9-30-2000 9-30-1999 12-31-1999 12-31-1998 12-31-1997 12-31-1996 12-31-1995
---------------------------------------------------------------------------------------
Pre-tax income from continuing operations (16,490,138) (9,748,241) (16,225,127) (12,183,659) (3,860,354) (799,665) (340,413)
Earnings (12,273,293) (8,281,949) (13,688,533) (10,692,799) (3,559,668) (799,541) (316,400)
Fixed charges:
Interest 3,447,895 1,078,342 1,545,027 1,249,442 770,026 124 23,643
Amortization of loan acquisition costs 484,495 3,534 4,712 4,712 22,749 -- 370
Interest element of rental expense 571,328 322,663 897,658 591,327 36,666 -- --
----------- ---------- ----------- ----------- ---------- --------- --------
Total Fixed Charges 4,503,718 1,404,539 2,447,397 1,845,481 829,441 124 24,013
----------- ---------- ----------- ----------- ---------- --------- --------
----------- ---------- ----------- ----------- ---------- --------- --------
Deficiency of earnings to fixed charges (16,777,011) (9,686,488) (16,135,930) (12,538,281) (4,389,109) (799,665) (340,413)
=========== ========== =========== =========== ========== ========= ========