EX-12.1 5 a2220536zex-12_1.htm EX-12.1

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges
(in thousands)

		Three Months Ended		Year Ended December 31,
		March 31, 2014		2013		2012		2011		2010		2009
Fixed Charges:
Interest expensed and capitalized		414		408		51		19		25		41
Amortized discounts related to indebtedness		243		87		—		—		—		—
Total Fixed Charges (as defined)		657		495		51		19		25		41
Earnings:
Loss from operations before income taxes		(3,460	)	(20,294	)	(19,361	)	(11,066	)	(11,804	)	(9,756	)
Fixed Charges		657		495		51		19		25		41
Total Earnings (as defined)		(2,803	)	(19,799	)	(19,310	)	(11,047	)	(11,779	)	(9,715	)
Coverage Deficiency		(3,460	)	(20,294	)	(19,361	)	(11,066	)	(11,804	)	(9,756	)