1996 1997
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Ratio of Earnings to Fixed Charges:
Pretax Income from cont. Operations $ (125,770) (14,330,321)
Plus: Interest Expense 578,500 4,208,385
One-third of operating lease expense 227,543 474,368
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Less: Capitalized Interest - -
Preferred Stock Dividends - -
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"Earnings" as defined under 503(d) 680,273 (9,647,568)
Divided by "Fixed Charges" as defined
under 503(d): 806,043 4,682,753
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Ratio of Earnings to Fixed Charges 0.84 (2.06)
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Dollar Amount of coverage deficiency: 125,770 14,330,321
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Note: For the years ended 1996 and 1997, earnings as defined under 503(d) are
inadequate to cover fixed charges. The dollar amount of the coverage
deficiency is $125,770 and $14,330,321, respectively.
Total Fixed Charges:
- -------------------
Interest 578,500 4,208,385
One-third of operating lease expense 227,543 474,368
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Total per ratio calculation 806,043 4,682,753
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Operating Lease Expense 682,630 1,423,104
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