EX-12 3 ex12-1.htm EXHIBIT 12.1 ex12-1.htm

MeetMe, Inc. 

Exhibit 12.1 


Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

For the Years Ended December 31, 2012, 2011, 2010, 2009, 2008 and the Six Months Ended June 30, 2013


   

Six Months Ended

   

Fiscal Year Ended December 31,

 
    June 30, 2013    

2012

   

2011

   

2010

   

2009

   

2008

 

Pre-tax income (loss) from continuing operations before income or loss from equity investees

  $ (9,427,024.00 )   $ (6,627,711.00 )   $ (8,379,511.00 )   $ (6,650,650.00 )   $ (10,575,507.00 )   $ (7,139,319.00 )

Fixed charges (sum of)

                                               

Interest expensed and capitalized

    295,171       993,464       365,779       312,200       312,200       658,570  

Amortized premiums, discounts and capitalized expenses related to indebtedness,

    60,397       292,210       291,405       291,409       291,407       272,246  

An estimate of the interest within rental expense, and

    -       -       -       -       -       -  

Preference stock dividends

    -               40,705       111,500       111,500       55,750  

Total Fixed Charges 

    355,568       1,285,674       697,889       715,109       715,107       986,566  
                                                 

Total earnings (deficit)

    (9,071,456 )     (5,342,037 )     (7,681,622 )     (5,935,541 )     (9,860,400 )     (6,152,753 )
                                                 

Total earnings

    (9,071,456 )     (5,342,037 )     (7,681,622 )     (5,935,541 )     (9,860,400 )     (6,152,753 )

Combined fixed charges and preference stock dividends

    355,568       1,285,674       697,889       715,109       715,107       986,566  

Ratio of earnings to combined fixed charges and preference stock dividends

 

n/a

   

n/a

   

n/a

   

n/a

   

n/a

   

n/a

 

Deficit of earnings to combined fixed charges and preference stock dividends

    (9,427,024 )     (6,627,711 )     (8,379,511 )     (6,650,650 )     (10,575,507 )     (7,139,319 )