EX-12.1 5 ex-12d1.htm EX-12.1 cori_Ex12_1

Exhibit 12.1

CORIUM INTERNATIONAL, INC.

Ratio of Earnings to Fixed Charges

 

The following table shows our ratio of earnings to fixed charges for the periods indicated:

 

 

 

Year Ended September 30,

 

Six Months
Ended
March 31,

 

    

2013

    

2014

    

2015

    

2016

    

2017

    

2018

Earnings (loss):

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$
(13,876)

 

$
(9,911)

 

$
(28,447)

 

$
(36,700)

 

$
(47,786)

 

$
(31,296)

Plus: Fixed charges

 

$

7,705 

 

$

6,961 

 

$

7,446 

 

$

7,947 

 

$

8,303 

 

$

4,533 

Plus: Amortization of capitalized interest

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Plus: Distributed income of equity investees

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Plus: Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Less: Interest capitalized

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Less: Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Earnings (loss), adjusted

 

$
(6,171)

 

$
(2,950)

 

$
(21,001)

 

$
(28,753)

 

$
(39,483)

 

$
(26,763)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

$

7,180 

 

$

6,794 

 

$

7,256 

 

$

7,718 

 

$

7,913 

 

$

3,844 

Amortized premiums, discounts and capitalized expenses related to indebtedness

 

$

525 

 

$

167 

 

$

190 

 

$

229 

 

$

390 

 

$

689 

Interest within rental expense

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Total fixed charges

 

$

7,705 

 

$

6,961 

 

$

7,446 

 

$

7,947 

 

$

8,303 

 

$

4,533 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

Dollar amount of deficiency

 

$
(13,876)

 

$
(9,911)

 

$
(28,447)

 

$
(36,700)

 

$
(47,786)

 

$
(31,296)