Attached files
EXHIBIT 12.1
Omeros Corporation
Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges
| Year Ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| (in thousands, except share data) | ||||||||||||||||||||
| Earnings before fixed charges: |
||||||||||||||||||||
| Loss from continuing operations before income taxes |
$ | (29,251 | ) | $ | (21,089 | ) | $ | (23,827 | ) | $ | (23,091 | ) | $ | (22,777 | ) | |||||
| Add fixed charges |
2,104 | 2,596 | 834 | 697 | 692 | |||||||||||||||
| Add amortization of capitalized interest |
— | — | — | — | — | |||||||||||||||
| Add distributed income of equity investees |
— | — | — | — | — | |||||||||||||||
| Subtract capitalized interest |
— | — | — | — | — | |||||||||||||||
| Loss before fixed charges |
$ | (27,147 | ) | $ | (18,493 | ) | $ | (22,993 | ) | $ | (22,394 | ) | $ | (22,085 | ) | |||||
| Fixed Charges: |
||||||||||||||||||||
| Interest expense |
$ | 1,328 | $ | 1,948 | $ | 280 | $ | 151 | $ | 91 | ||||||||||
| Amortization of debt expense and loss from extinguishment of debt |
503 | 254 | 55 | — | — | |||||||||||||||
| Estimate of interest expense within rental expense |
273 | 394 | 499 | 546 | 601 | |||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries |
— | — | — | — | — | |||||||||||||||
| Total fixed charges |
$ | 2,104 | $ | 2,596 | $ | 834 | $ | 697 | $ | 692 | ||||||||||
| Deficiency of earnings available to cover fixed charges |
$ | (29,251 | ) | $ | (21,089 | ) | $ | (23,827 | ) | $ | (23,091 | ) | $ | (22,777 | ) | |||||