Exhibit 12.1
Ratio of Earnings to Fixed Charges
| |
Year ended December 31, |
Nine months ended September 30, |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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1999 |
2000 |
2001 |
2002 |
2003 |
2002 |
2003 |
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(amounts in thousands) |
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| Net loss | $ | (8,357 | ) | $ | (21,312 | ) | $ | (13,806 | ) | $ | (4,560 | ) | $ | (11,887 | ) | $ | (8,742 | ) | $ | (7,483 | ) | ||
| Plus fixed charges: | |||||||||||||||||||||||
| Interest expense on Indebtedness | 37 | 26 | 729 | 465 | 76 | 69 | 139 | ||||||||||||||||
| Amortization of Borrowing Expenses | — | — | — | — | — | — | 55 | ||||||||||||||||
| Portion of Rental Expense under operating leases deemed to be representative of the interest factor | 109 | 471 | 555 | 556 | 706 | 516 | 675 | ||||||||||||||||
| 146 | 497 | 1,284 | 1,021 | 782 | 585 | 869 | |||||||||||||||||
| Adjusted net loss | (8,211 | ) | (20,815 | ) | (12,522 | ) | (3,539 | ) | (11,105 | ) | (8,157 | ) | (6,614 | ) | |||||||||
| Fixed charges | 146 | 497 | 1,284 | 1,021 | 782 | 585 | 869 | ||||||||||||||||
| Deficiency of earnings to cover fixed charges | $ | (8,357 | ) | $ | (21,312 | ) | $ | (13,806 | ) | $ | (4,560 | ) | $ | (11,887 | ) | $ | (8,742 | ) | $ | (7,483 | ) | ||