EX-12.1 5 y58693exv12w1.htm EX-12.1: STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES EX-12.1
            Exhibit 12.1
             
      Calculation of Consolidated Ratio of Earnings to Fixed Charges and Earnings to Combined
Fixed Charges and Preferred Stock      
             
    The following table presents the calculation of the ratio of earnings to fixed charges and the coverage deficiency for the last five fiscal years and the three months ended March 31, 2008
                                                 
    Three-Months        
    Ended     Year Ended December 31,  
(in thousands)   March 31, 2008     2007     2006     2005     2004     2003  
Earnings:
                                                
Pretax loss from continuing operations
     (1,284 )     (14,714 )     (31,350 )     (14,999 )     (15,629 )     (14,829 )
Add:
                                                
Fixed charges
     11       48       48       48       67       103  
 
                                                
Total Earnings
     (1,273 )     (14,666 )     (31,302 )     (14,951 )     (15,562 )     (14,726 )
 
                                                
Fixed Charges:
                                                
Interest expensed
                                     20       20  
Interest capitalized to Property, Plant & Equipment
                                             36  
Estimate of interest expense within rental expense
     11       48       48       48       47       47  
 
                                                
Total Fixed Charges
     11       48       48       48       67       103  
 
                                                
Ratio of Earnings to Fixed Charges
     n/a       n/a       n/a       n/a       n/a       n/a  
 
                                                
Deficiency of Earnings Available to Cover Fixed Charges
     (1,284 )     (14,714 )     (31,350 )     (14,999 )     (15,629 )     (14,829 )