EX-12.1 2 exhibit121.htm RATIO OF EARNINGS TO FIXED CHARGES

|  | EXHIBIT 12.1 |
Omeros Corporation
Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges
| For the |
| six months |
| ended |
| June 30, | Year Ended December 31,
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008
| (in thousands, except share data)
Earnings before fixed charges: |  |  |  |  |
Loss from continuing operations before income taxes | $ | (24,081 | ) | $ | (38,444 | ) | $ | (28,546 | ) | $ | (29,251 | ) | $ | (21,089 | ) | $ | (23,827 | )
Add fixed charges | 2,757 |  | 2,305 |  | 2,144 |  | 2,104 |  | 2,596 |  | 834 |
Add amortization of capitalized interest | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
Add distributed income of equity investees | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
Subtract capitalized interest | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
Loss before fixed charges | $ | (21,324 | ) | $ | (36,139 | ) | $ | (26,402 | ) | $ | (27,147 | ) | $ | (18,493 | ) | $ | (22,993 | )
Fixed Charges: |  |  |  |  |  |
Interest expense | $ | 932 |  | $ | 1,355 |  | $ | 1,532 |  | $ | 1,328 |  | $ | 1,948 |  | $ | 280 |
Amortization of debt expense and loss from extinguishment of debt | 244 |  | 374 |  | 352 |  | 503 |  | 254 |  | 55 |
Estimate of interest expense within rental expense | 1,581 |  | 576 |  | 260 |  | 273 |  | 394 |  | 499 |
Preference security dividend requirements of consolidated subsidiaries | 0 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
Total fixed charges | $ | 2,757 |  | $ | 2,305 |  | $ | 2,144 |  | $ | 2,104 |  | $ | 2,596 |  | $ | 834 |
Deficiency of earnings available to cover fixed charges | $ | (24,081 | ) | $ | (38,444 | ) | $ | (28,546 | ) | $ | (29,251 | ) | $ | (21,089 | ) | $ | (23,827 | )