Exhibit 12.1
Ratio of Earnings to Fixed Charges
| |
Year ended December 31, |
|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
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| |
(amounts in thousands) |
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| Net loss | $ | (8,357 | ) | $ | (21,312 | ) | $ | (13,806 | ) | $ | (4,560 | ) | $ | (11,887 | ) | $ | (5,002 | ) | ||
| Plus fixed charges: | ||||||||||||||||||||
| Interest expense on Indebtedness | 37 | 26 | 729 | 465 | 76 | 260 | ||||||||||||||
| Amortization of Borrowing Expenses | — | — | — | — | — | 95 | ||||||||||||||
| Portion of Rental Expense under operating leases deemed to be representative of the interest factor | 109 | 471 | 555 | 556 | 706 | 1,091 | ||||||||||||||
| 146 | 497 | 1,284 | 1,021 | 782 | 1,446 | |||||||||||||||
| Adjusted net loss | (8,211 | ) | (20,815 | ) | (12,522 | ) | (3,539 | ) | (11,105 | ) | (3,556 | ) | ||||||||
| Fixed charges | 146 | 497 | 1,284 | 1,021 | 782 | 1,446 | ||||||||||||||
| Deficiency of earnings to cover fixed charges | $ | (8,357 | ) | $ | (21,312 | ) | $ | (13,806 | ) | $ | (4,560 | ) | $ | (11,887 | ) | $ | (5,002 | ) | ||