| EXHIBIT 12.1 | |||||||||||||
| Statement Regarding the Computation of Ratio of Earnings to Fixed Charges | |||||||||||||
|
2001
|
2002
|
2003
|
2004
|
2005
|
Three Months Ended June 30, 2005 |
||||||||
| PRE-TAX LOSS FROM CONTINUING OPERATIONS |
$ (73,301)
|
$ (9,869)
|
$ (11,403)
|
$ (3,039)
|
$ (19,351)
|
$ (5,358)
|
|||||||
| FIXED CHARGES: | |||||||||||||
| Interest Expense | 1,456 | 884 | - | - | - | 1 | |||||||
| Rental Expense (33%) |
466
|
515
|
510
|
161
|
130
|
39
|
|||||||
| TOTAL FIXED CHARGES |
1,922
|
1,399
|
510
|
161
|
130
|
40
|
|||||||
| EARNINGS: | |||||||||||||
| Pre-tax loss from continuing operations plus fixed charges |
$ (71,379)
|
$ (8,470)
|
$ (10,893)
|
$ (2,878)
|
$ (19,221)
|
$ (5,318)
|
|||||||
| RATIO OF EARNING TO FIXED CHARGES |
-
|
-
|
-
|
-
|
-
|
-
|
|||||||
Due to losses incurred for the three months ended June 30, 2005 and years ended March 31, 2005, 2004, 2003, 2002 and 2001 we would have had to generate additional earnings of $5.4 million, $19.4 million, $3.0 million, $11.4 million, $9.9 million and $73.3 million, respectively, to achieve a coverage of 1:1.