Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Six |
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Year Ended December 31, |
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1999 |
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2000 |
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2001 |
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2002 |
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2003 |
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(in thousands) |
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Loss from Continuing Operations |
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$ |
(12,366 |
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$ |
(25,360 |
) |
$ |
(23,805 |
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$ |
(37,030 |
) |
$ |
(41,197 |
) |
$ |
(25,393 |
) |
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Fixed charges |
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756 |
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1,120 |
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982 |
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1,028 |
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1,698 |
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744 |
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Earnings/(loss) (as defined) |
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(11,610 |
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(24,240 |
) |
(22,823 |
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(36,002 |
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(39,499 |
) |
(24,649 |
) |
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Fixed charges: |
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Interest expense |
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$ |
597 |
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$ |
933 |
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$ |
802 |
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$ |
870 |
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$ |
576 |
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$ |
175 |
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Estimated interest within rent expense |
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159 |
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187 |
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180 |
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158 |
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1,122 |
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569 |
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Total fixed charges |
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756 |
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1,120 |
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982 |
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1,028 |
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1,698 |
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744 |
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Deficiency of earnings available to cover fixed charges |
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$ |
(12,366 |
) |
$ |
(25,360 |
) |
$ |
(23,805 |
) |
$ |
(37,030 |
) |
$ |
(41,197 |
) |
$ |
(25,393 |
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Ratio of earnings to fixed charges* |
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— |
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— |
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— |
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— |
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— |
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— |
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* Because of the deficiency of earnings available to cover fixed charges, the ratio information is not applicable.