EX-12.1 7 jnce03082018s-3exhibit121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
Statement Regarding Computation of Ratios
(amounts in thousands)

 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
Computation of Earnings:
 
 
 
 
 
 
 
Net loss
$
(16,443
)
 
$
(13,703
)
 
$
(28,532
)
 
$
(10,516
)
Add back: Fixed charges
 
 
 
 
 
 
 
Interest expense(1)
1,057

 
540

 
273

 
101

Net loss as adjusted
(15,386
)
 
(13,163
)
 
(28,259
)
 
(10,415
)
Computation of Fixed Charges:
 
 
 
 
 
 
 
Interest expense(1)
1,057

 
540

 
273

 
101

Deficiency(2)
$
(16,443
)
 
$
(13,703
)
 
$
(28,532
)
 
$
(10,516
)
Ratios of earnings to fixed charges
*
 
*
 
*
 
*
(1) Fixed charges consist of 30% of rent expense associated with our facility leases, which is considered to be a reasonable estimate of the interest factor.
(2) Earnings were insufficient to cover fixed charges by the amounts indicated.
* Less than 1:1 coverage