EXHIBIT 12.2
Cascade Entertainment Group, LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Nine Months
Year ended Year ended Year ended Year ended Ended Ended
December 31, December 31, December 31, December 31, September 30, September 30,
1998 1999 2000 2001 2002 2001
---------------------------------------------------------- -----------------------------
Computation of earnings
Income (loss) before income taxes
and extraordinary item $ (373,064) $(1,431,448) $ (12,836,506) $ (10,072,255) $ (12,873,038) $ (7,525,838)
Add:
Fixed charges 5,551 148,460 852,321 1,362,430 1,073,345 1,043,038
----------------------------------------------------------- -----------------------------
Earnings, as adjusted $ (367,513) $(1,282,988) $ (11,984,185) $(8,709,825) $ (11,799,693) $ (6,482,800)
=========================================================== ==============================
Computation of fixed charges:
Interest expense $ 5,551 $ 93,348 $ 798,187 $ 1,296,862 $ 1,011,512 $ 994,431
Estimated interest within
rental/lease expense (1) - 55,112 54,134 65,568 61,833 48,607
----------------------------------------------------------- -----------------------------
Fixed charges $ 5,551 $ 148,460 $ 852,321 $ 1,362,430 $ 1,073,345 $ 1,043,038
=========================================================== ==============================
Ratio of earnings to fixed
charges (2) - - - - - -
(1) For purposes of computing the ratio of earnings to fixed charges, estimated interest within rental & lease expense is computed
as one-half of rent/lease expense, which is deemed to be representative of an interest factor.
(2) Deficiency of earnings
to fixed charges $ (361,962) $(1,134,528) $(11,131,864) $(7,347,395) $ (10,726,348) $ (5,439,762)