Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - Molecular Templates, Inc. | thld-ex322_6.htm |
| EX-31.2 - EX-31.2 - Molecular Templates, Inc. | thld-ex312_9.htm |
| EX-31.1 - EX-31.1 - Molecular Templates, Inc. | thld-ex311_7.htm |
| EX-32.1 - EX-32.1 - Molecular Templates, Inc. | thld-ex321_13.htm |
| EX-23.1 - EX-23.1 - Molecular Templates, Inc. | thld-ex231_10.htm |
| 10-K - 10-K - Molecular Templates, Inc. | thld-10k_20151231.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividends
|
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|
Year Ended December 31, |
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2011 |
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2012 |
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2013 |
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2014 |
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2015 |
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|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
$ |
(25,653 |
) |
|
$ |
(71,135 |
) |
|
$ |
(28,213 |
) |
|
$ |
(21,786 |
) |
|
$ |
43,822 |
|
|
Add Fixed Charges (from below) |
|
|
329 |
|
|
|
225 |
|
|
|
187 |
|
|
|
250 |
|
|
|
221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) to cover fixed charges |
|
|
(25,324 |
) |
|
|
(70,910 |
) |
|
|
(28,026 |
) |
|
|
(21,536 |
) |
|
|
43,601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
Fixed Charges: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Interest expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Interest component of rent expense(1) |
|
|
329 |
|
|
|
225 |
|
|
|
187 |
|
|
|
250 |
|
|
|
221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total fixed charges |
|
|
329 |
|
|
|
225 |
|
|
|
187 |
|
|
|
250 |
|
|
|
221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
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Ratio of earnings to fixed charges(2) |
|
|
N/A |
(3) |
|
|
N/A |
(3) |
|
|
N/A |
(3) |
|
|
N/A |
(3) |
|
|
227 |
|
|
(1) |
Represents the estimated portion of rental expense from operating leases that is considered by us to be representative of interest. |
|
(2) |
We have not had any preferred stock outstanding during the periods presented; therefore, the ratio of earnings to (and the deficiency of earnings available to cover) combined fixed charges and preferred stock dividends is the same as our ratio of earnings to (and the deficiency of earnings available to cover) fixed charges alone. |
|
(3) |
Earnings were insufficient to cover fixed charges for this period. The amount of the coverage deficiency was $25.7 million, $71.1 million, $28.2 million and $21.8 million for the years ended December 31, 2011, 2012, 2013, and 2014, respectively. |