EX-12.1 8 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     For the Year Ended December 31,
     Six-months ended     Proforma
Six-months ended		  
     1999
     2000
     2001
     2002
     2003
     26-Jun-04
     26-Jun-04
  

Fixed Charges—  

                                                         

Interest expense on indebtedness

    $ 867     $ 843     $ 692     $ 1,936     $ 990     $ 1,541     $ 3,598  

Estimated interest on rental expense

      299       305       341       329       300       962       962  

Amortization of deferred closing costs related to convertible notes

      —         —         —         294       156       112       403  

Amortization of discount on convertible notes

      —         —         —         511       271                  
    
 
 
 
 
 
 

Total Fixed Charges

    $ 1,166     $ 1,148     $ 1,033     $ 3,070     $ 1,717     $ 2,615     $ 4,963  

Earnings (loss)—

                                                         

Loss before income taxes

    $ (3,940 )   $ (5,847 )   $ (10,090 )   $ (34,017 )   $ (29,789 )   $ (36,746 )   $ (39,206 )

Fixed charges per above

      1,166       1,148       1,033       3,070       1,717       2,615       4,963  
    
 
 
 
 
 
 

Coverage deficiency Total loss

    $ (2,774 )   $ (4,699 )   $ (9,057 )   $ (30,947 )   $ (28,072 )   $ (34,131 )   $ (34,243 )