EX-12.1 5 a2233108zex-12_1.htm EX-12.1

Exhibit 12.1

 

Statement of Computation of Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

Six Months
Ended

 

 

 

Years Ended December 31,

 

June 30,

 

 

 

2016

 

2015

 

2014

 

2017

 

Earnings

 

 

 

 

 

 

 

 

 

Net loss before income taxes

 

$

(37,177

)

$

(14,858

)

$

(11,072

)

$

(14,979

)

Fixed charges

 

136

 

93

 

61

 

147

 

 

 

 

 

 

 

 

 

 

 

Earnings, as defined

 

$

(37,041

)

$

(14,765

)

$

(11,011

)

$

(14,832

)

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

Interest component of rentals (1)

 

$

136

 

$

93

 

$

61

 

$

147

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

136

 

$

93

 

$

61

 

$

147

 

 

 

 

 

 

 

 

 

 

 

Deficiency in earnings to cover fixed charges

 

$

(37,177

)

$

(14,858

)

$

(11,072

)

$

(14,979

)

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (2)

 

N/A

 

N/A

 

N/A

 

N/A

 

 

(1)   Represents the estimated portion of operating lease rental expense that is considered by the Company to be a reasonable representation of the interest factor attributable to such rent.

 

(2)   For the six months ended June 30, 2017 and years ended December 31, 2016, 2015 and 2014, earnings were not sufficient to cover fixed charges. Earnings consist of loss from continuing operations before income taxes, extraordinary items, cumulative effect of accounting changes, equity in net losses of affiliates and fixed charges, adjusted for capitalized interest.