EX-12.1 8 ex-12d1.htm EX-12.1 Kala_Ex12_1

Exhibit 12.1

CALCULATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES AND RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

Fiscal Year Ended

 

 

June 30,

 

December 31,

 

December 31,

 

December 31,

 

    

2018

    

2017

    

2016

    

2015

(Dollars in thousands)

 

 

 

 

 

 

 

 

Pre-tax loss

 

$
(25,916)

 

$
(42,211)

 

$
(33,167)

 

$
(16,682)

Add: Fixed charges, as calculated below

 

 

812 

 

 

1,076 

 

 

808 

 

 

640 

Total earnings (loss) available for fixed charges

 

$
(25,104)

 

$
(41,135)

 

$
(32,359)

 

$
(16,042)

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

781 

 

$

1,019 

 

$

767 

 

$

604 

Estimated interest expense portion of rental expense

 

 

31 

 

 

57 

 

 

41 

 

 

36 

Total fixed charges

 

$

812 

 

$

1,076 

 

$

808 

 

$

640 

Ratios of earnings to fixed charges (1)

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Deficiency of earnings available to cover fixed charges

 

$
(25,916)

 

$
(42,211)

 

$
(33,167)

 

$
(16,682)

Preferred stock dividend requirements

 

$

— 

 

$

— 

 

$

— 

 

$

— 

Ratios of earnings to combined fixed charges and preferred stock dividends (2)

 

 

N/A 

 

 

N/A 

 

 

N/A 

 

 

N/A 

Deficiency of earnings available to cover fixed charges and preferred stock dividend requirements

 

$
(25,916)

 

$
(42,211)

 

$
(33,167)

 

$
(16,682)

(1)

Due to our losses for the six months ended June  30, 2018,  and the years ended December 31, 2017, 2016 and 2015, the ratio coverage was less than 1:1. Accordingly, our earnings were insufficient to cover fixed charges for such periods and we are unable to disclose a ratio of earnings to fixed charges for such periods.

(2)

Due to our losses for the six months ended June  30, 2018,  and the years ended December 31, 2017, 2016, and 2015, the ratio coverage was less than 1:1. Accordingly, our earnings were insufficient to cover combined fixed charges and preferred stock dividends for such periods and we are unable to disclose a ratio of earnings to combined fixed charges and preferred stock dividends for such periods.