Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - Fibrocell Science, Inc. | exhibit992pressrelease0307.htm |
| EX-99.1 - EXHIBIT 99.1 - Fibrocell Science, Inc. | exhibit991updatedriskfacto.htm |
| EX-10.1 - EXHIBIT 10.1 - Fibrocell Science, Inc. | exhibit101purchaseagreemen.htm |
| EX-5.1 - EXHIBIT 5.1 - Fibrocell Science, Inc. | exhibit51legalopinion030817.htm |
| EX-4.1 - EXHIBIT 4.1 - Fibrocell Science, Inc. | exhibit41formofwarrant0308.htm |
| EX-3.1 - EXHIBIT 3.1 - Fibrocell Science, Inc. | exhibit31seriesaps030817.htm |
| 8-K - FORM 8-K - Fibrocell Science, Inc. | fcsc030717form8-k.htm |
Exhibit 12.1
Fibrocell Science, Inc.
Computation of Ratio of Earnings to Fixed Charges and Preference Security Dividends
For the Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Net loss before income taxes | $ | (15,292 | ) | $ | (34,453 | ) | $ | (25,650 | ) | $ | (31,554 | ) | $ | (15,643 | ) | ||||
Add: fixed charges | 759 | 537 | 519 | 514 | 1,629 | ||||||||||||||
Less: minority interest in loss of subsidiaries with fixed charges | — | — | — | — | 24 | ||||||||||||||
Earnings as defined | (14,533 | ) | (33,916 | ) | (25,131 | ) | (31,040 | ) | (13,990 | ) | |||||||||
Fixed Charges and Preference Security Dividends: | |||||||||||||||||||
Interest expense | $ | 228 | $ | — | $ | — | $ | — | $ | 1,017 | |||||||||
Estimated interest component within rental expense (1) | 531 | 537 | 519 | 514 | 466 | ||||||||||||||
Amortization of debt issuance costs | — | — | — | — | 146 | ||||||||||||||
Total fixed charges | 759 | 537 | 519 | 514 | 1,629 | ||||||||||||||
Preference security dividends | — | — | — | — | 470 | ||||||||||||||
Total fixed charges and preference security dividends | $ | 759 | $ | 537 | $ | 519 | $ | 514 | $ | 2,099 | |||||||||
Ratio of earnings to combined fixed charges and preference security dividends | * | * | * | * | * | ||||||||||||||
Deficiency ($ in thousands) | $ | (15,292 | ) | $ | (34,453 | ) | $ | (25,650 | ) | $ | (31,554 | ) | $ | (16,089 | ) | ||||
_______________________________
(1) Interest component of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.
* Earnings for the period indicated were inadequate to cover fixed charges and preferred stock dividends. The amount of the deficiency by which earnings did not cover fixed charges is disclosed in the above table for each applicable period.