EXHIBIT 12.1

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,															Period Ended June 30,
	2000			2001			2002			2003			2004			2004			2005
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees	$	(354,331	)	$	(8,691,071	)	$	(3,447,461	)	$	(3,831,956	)	$	(26,083,624	)	$	(12,028,516	)	$	(18,179,291	)
Fixed charges		1,171,048			177,789			30,227			50,889			38,339			14,966			733,250
Amortization of capitalized interest		—			—			—			—			—			—			—
Distributed income of equity investees		—			—			—			—			—			—			—
Our share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges		—			—			—			—			—			—			—
Interest capitalized		(1,154,099	)		(165,813	)		(20,240	)		(41,107	)		(4,423	)		(4,423	)		(712,660	)
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges		—			—			—			3,015,468			2,862,000			2,233,379			97,104
Earnings (Loss)	$	(337,382	)	$	(8,679,095	)	$	(3,437,474	)	$	(806,706	)	$	(23,187,708	)	$	(9,784,594	)	$	(18,061,597	)
Interest expensed and capitalized	$	1,154,099		$	165,813		$	(42,261	)	$	41,107		$	4,423		$	4,423		$	—
Amortized premiums, discounts and capitalized expenses related to indebtedness		—			—			62,501			—			—			—			712,660
Estimate of the interest within rental expense		16,949			11,976			9,987			9,782			33,916			10,543			20,590
Fixed Charges	$	1,171,048		$	177,789		$	30,227		$	50,889		$	38,339		$	14,966		$	733,250
Ratio of Earnings (Loss) to Fixed Charges		—			—			—			—			—			—			—
Coverage Deficiency	$	1,508,430		$	8,856,884		$	3,467,701		$	857,595		$	23,226,047		$	9,799,560		$	18,794,847