EXHIBIT 12.2
Cascade Entertainment Group, LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Three Months
Year ended Year ended Year ended Year ended Year ended Ended Ended
December 31, December 31, December 31, December 31, December 31, March 31, March 31,
1998 1999 2000 2001 2002 2002 2003
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Computation of earnings
Income (loss) before income
taxes and extraordinary item $ (373,064) $ (1,431,448) $ (12,836,506) $ (10,072,255) $ 8,266,478 $ (2,608,797) $ 114,756
Add:
Fixed charges 5,551 148,460 852,321 1,362,430 1,297,030 302,443 196,626
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Earnings, as adjusted $ (367,513) $ (1,282,988) $ (11,984,185) $ (8,709,825) $ 9,563,508 $ (2,306,354) $ 311,382
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Computation of fixed charges:
Interest expense $ 5,551 $ 93,348 $ 798,187 $ 1,296,862 $ 1,238,309 $ 287,769 $ 182,031
Estimated interest within
rental/lease expense (1) - 55,112 54,134 65,568 58,721 14,674 14,595
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Fixed charges $ 5,551 $ 148,460 $ 852,321 $ 1,362,430 $ 1,297,030 $ 302,443 $ 196,626
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Ratio of earnings to
fixed charges (2) - - - - 7.37 - 1.58
(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) $ - $ (2,003,911) $ -