EX-12.1 7 t1702904_ex12-1.htm EXHIBIT 12.1

 

EXHIBIT 12.1

 

STATEMENT REGARDING COMPUTATION OF RATIOS

(in thousands)

 

   Year Ended December 31,   Nine Months Ended
September 30,
 
   2012   2013   2014   2015   2016   2017 
Earnings:                        
Pretax loss  $(4,406)  $(36,445)  $(59,312)  $(117,372)  $(76,390)  $(51,746)
Add fixed charges   828    1,460    883    482    40 7     2 40  
Total earnings   (3,578)   (34,985)   (58,429)   (116,890)   (75,98 3 )   (51,5 06 )
                               
Fixed charges:                              
Interest expensed, including amortization of debt discount and deferred financing costs   676    1,344    776    222    -    - 
Estimated interest component of rent expense   152    116    108    259    40 7     2 40  
Total fixed charges   828    1,460    883    482    40 7     2 40  
Ratio of earnings to fixed charges   N/A    N/A    N/A    N/A    N/A    N/A 
Deficiency of earnings available to cover fixed charges  $(4,406)  $(36,445)  $(59,312)  $(117,372)  $(76,390)  $(51,746)