EX-12.1 5 d312364dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

Ratio of Earnings to Fixed Charges

		Year Ended September 30,
		2016				2015				2014				2013				2012				2011
Income (Loss) before taxes		$	1,958,512			$	1,983,119			$	(5,289,643	)		$	(7,274,630	)		$	(7,844,004	)		$	(122,565	)
Add: Fixed Charges
Interest Expense			1,462				3,906				6,115				8,093				10,397				389,458
Interest Component of Rent Expense(1)			41,044				127,319				122,795				126,510				111,982				96,014
Earnings available to cover fixed charges		$	2,001,018			$	2,114,344			$	(5,160,733	)		$	(7,140,028	)		$	(7,721,625	)		$	362,906
Ratio of earnings to fixed charges			47.08				16.11				(40.03	)			(53.05	)			(63.10	)			0.75
Total Fixed Charges			42,506				131,225				128,910				134,602				122,380				485,471
Rent Expense		$	123,133			$	381,957			$	368,385			$	379,529			$	335,946			$	288,041

(1) Computation of interest component of rent expense

		Year Ended September 30,
		2016				2015				2014				2013				2012				2011
Operating rental expense		$	123,133			$	381,957			$	368,385			$	379,529			$	335,946			$	288,041
Interest factor *			33%				33%				33%				33%				33%				33%
		$	41,044			$	127,319			$	122,795			$	126,510			$	111,982			$	96,014

* Calculated as 33% of rent expense, which management believes is a reasonable approximation of the interest factor.