| EXHIBIT 12.1 | ||||||||||
| Statement Regarding the Computation of Ratio of Earnings to Fixed Charges | ||||||||||
|
2001 |
2002 |
2003 |
2004 |
2005 |
||||||
| PRE-TAX LOSS FROM CONTINUING OPERATIONS |
$ (74,399)
|
$ (9,105)
|
$ (11,403)
|
$ (3,039)
|
$ (19,909)
|
|||||
| FIXED CHARGES: | ||||||||||
| Interest Expense | 1,456 | 884 | - | - | - | |||||
| Rental Expense (33%) |
466
|
515
|
510
|
161
|
130
|
|||||
| TOTAL FIXED CHARGES |
1,922
|
1,399
|
510
|
161
|
130
|
|||||
| EARNINGS: | ||||||||||
| Pre-tax loss from continuing operations plus fixed charges |
$ (72,477)
|
$ (7,706)
|
$ (10,893)
|
$ (2,878)
|
$ (19,779)
|
|||||
| RATIO OF EARNING TO FIXED CHARGES |
-
|
-
|
-
|
-
|
-
|
|||||
Due to losses incurred for the years ended March 31, 2005, 2004, 2003, 2002, and 2001we would have had to generate additional earnings of $19.1 million, $3.0 million, $1.5 million, $11.4 million, $9.1 million and $74.4 million, respectively, to achieve a coverage of 1:1.