Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - Eledon Pharmaceuticals, Inc.d291766dex991.htm
EX-32.2 - EXHIBIT 32.2 - Eledon Pharmaceuticals, Inc.d291766dex322.htm
EX-32.1 - EXHIBIT 32.1 - Eledon Pharmaceuticals, Inc.d291766dex321.htm
EX-31.2 - EXHIBIT 31.2 - Eledon Pharmaceuticals, Inc.d291766dex312.htm
EX-31.1 - EXHIBIT 31.1 - Eledon Pharmaceuticals, Inc.d291766dex311.htm
EX-23.1 - EXHIBIT 23.1 - Eledon Pharmaceuticals, Inc.d291766dex231.htm
EX-2.1 - EX-2.1 - Eledon Pharmaceuticals, Inc.d291766dex21.htm
10-K - FORM 10-K - Eledon Pharmaceuticals, Inc.d291766d10k.htm

Exhibit 12.1

CALCULATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND RATIOS

OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(dollars in thousands)

 

     For Years Ended December 31,  
     2016     2015     2014     2013     2012  

Earnings (loss):

          

Net Loss

   $ (37,959   $ (45,087   $ (23,296   $ (15,819   $ (9,683

add: Fixed charges (see below)

     232       278       173       122       114  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ (37,727   $ (44,809   $ (23,123   $ (15,697   $ (9,569

Fixed charges:

          

Interest expense on portion of rent expense representative of interest (1)

   $ 232     $ 278     $ 173     $ 122     $ 114  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 232     $ 278     $ 173     $ 122     $ 114  

Consolidated ratios of earnings to fixed charges (2)

     N/A       N/A       N/A       N/A       N/A  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings available to cover fixed charges

   $ (37,959   $ (45,087   $ (23,296   $ (15,819   $ (9,683
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Accretion of redeemable convertible preferred stock to redemption value

   $ —       $ —       $ —       $ (94   $ (34
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated ratios of earnings to combined fixed charges and preferred stock dividends (3)

     N/A       N/A       N/A       N/A       N/A  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings available to cover combined fixed charges and preferred stock dividends

   $ (37,959   $ (45,087   $ (23,296   $ (15,913   $ (9,717
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) One third of rent expense was included in the calculation as it is a reasonable approximation of the interest factor.
(2) We did not record earnings for the years ended December 31, 2016, 2015, 2014, 2013 and 2012. Accordingly, our earnings were insufficient to cover fixed charges for such periods, and we are unable to disclose a ratio of earnings to fixed charges for such periods.
(3) We did not record earnings for the years ended December 31, 2016, 2015, 2014, 2013 and 2012. Accordingly, our earnings were insufficient to cover fixed charges and preferred stock dividends for such periods, and we are unable to disclose a ratio of earnings to combined fixed charges and preferred stock dividends for such periods.