EX-12.1 7 a15-1100_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Computation of Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

Nine months ended

 

 

 

Year ended December 31,

 

September 30,

 

 

 

2011

 

2012

 

2013

 

2014

 

 

 

(in thousands)

 

Net loss

 

$

(11,203

)

$

(8,594

)

$

(60,259

)

$

(15,073

)

Fixed Charges:

 

 

 

 

 

 

 

 

 

Interest expensed

 

$

1,850

 

$

2,461

 

$

1,213

 

$

7

 

Estimated interest within rental expense

 

$

207

 

$

164

 

$

164

 

$

131

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

2,057

 

$

2,625

 

$

1,377

 

$

138

 

Net loss plus fixed charges

 

$

(9,146

)

$

(5,969

)

$

(58,882

)

$

(14,935

)

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (1)

 

N/A

 

N/A

 

N/A

 

N/A

 

Deficiency to fixed charges

 

$

(9,146

)

$

(5,969

)

$

(58,882

)

$

(14,935

)

 

(1)

 

We did not record earnings for the periods indicated in the table above. Accordingly, our earnings were insufficient to cover fixed charges for such periods and we are unable to disclose a ratio of earnings to fixed charges or a ratio of earnings to combined fixed charges for such periods.