Statement Regarding the Computation of Ratio of Combined Fixed Charges and Preference Dividends to Earnings
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Year Ended December 31, |
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Nine Months Ended September 30, 2003 |
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2002 |
2001 |
2000 |
1999 |
1998 |
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| Fixed charges: | ||||||||||||||||||||||
| Interest expense | $ | 359,478 | $ | 332,778 | $ | 326,861 | $ | 219,111 | $ | 129,822 | $ | 162,224 | ||||||||||
| Estimated interest portion of rent expense | 1,727,493 | 1,537,369 | 414,752 | 454,193 | 240,249 | 178,779 | ||||||||||||||||
| Total fixed charges | $ | 2,086,971 | $ | 1,870,147 | $ | 741,613 | $ | 673,304 | $ | 370,071 | $ | 341,003 | ||||||||||
| Earnings: | ||||||||||||||||||||||
| Loss from continuing operations before income taxes | $ | (17,504,226 | ) | $ | (27,932,494 | ) | $ | (9,239,991 | ) | $ | (8,516,873 | ) | $ | (6,909,217 | ) | $ | (7,480,507 | ) | ||||
| Add: Fixed charges | 2,086,971 | 1,870,147 | 741,613 | 673,304 | 370,071 | 341,003 | ||||||||||||||||
| Amortization of capitalized interest | 9,099 | 11,827 | 8,421 | 1,882 | — | — | ||||||||||||||||
| Total earnings | $ | (15,408,156 | ) | $ | (26,050,520 | ) | $ | (8,489,957 | ) | $ | (7,841,687 | ) | $ | (6,539,146 | ) | $ | (7,139,504 | ) | ||||
| Ratio of combined fixed charges and preference dividends to earnings(1) | — | — | — | — | — | — | ||||||||||||||||