1 EXHIBIT 12.1 ------------------------ Nine months ended ------------------------ Pro forma Pro forma FIXED CHARGES: 9-30-2000 9-30-2000 9-30-1999 12-31-1999 12-31-1999 -------------------------------------------------------------------- Pre-tax income from continuing operations (16,490,138) (17,453,716) (9,748,241) (16,578,497) (16,225,127) Earnings (12,273,293) (12,273,293) (8,281,949) (13,688,533) (13,688,533) Fixed charges: Interest 3,447,895 4,411,473 1,078,342 1,898,397 1,545,027 Amortization of loan acquisition costs 484,495 484,495 3,534 4,712 4,712 Interest element of rental expense 571,328 571,328 322,663 897,658 897,658 ----------- ---------- --------- ----------- ---------- Total Fixed Charges 4,503,718 5,467,296 1,404,539 2,800,767 2,447,397 ----------- ---------- --------- ----------- ---------- ----------- ---------- --------- ----------- ---------- Deficiency of earnings to fixed charges (16,777,011) (17,740,589) (9,686,488) (16,489,300) (16,135,930) =========== ========== ========= =========== ========== FIXED CHARGES: 12-31-1998 12-31-1997 12-31-1996 12-31-1995 -------------- ------------ ----------- --------- Pre-tax income from continuing operations (12,183,659) (3,860,354) (799,665) (340,413) Earnings (10,692,799) (3,559,668) (799,541) (316,400) Fixed charges: Interest 1,249,442 770,026 124 23,643 Amortization of loan acquisition costs 4,712 22,749 -- 370 Interest element of rental expense 591,327 36,666 -- -- ----------- ---------- --------- -------- Total Fixed Charges 1,845,481 829,441 124 24,013 ----------- ---------- ----------- ----------- ----------- ---------- ----------- ----------- Deficiency of earnings to fixed charges (12,538,281) (4,389,109) (799,665) (340,413) =========== ========== =========== ===========