Exhibit 12
Microvision, Inc.
Computation of Ratio of Earnings to Cover Fixed
Charges and Preferred Dividends
(In thousands)
| |
1996 |
1997 |
1998 |
1999 |
2000 |
Nine months ended September 30, 2001 |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pre-tax income from continuing operations | $ | (3,457 | ) | $ | (4,945 | ) | $ | (7,328 | ) | $ | (16,700 | ) | $ | (26,601 | ) | $ | (32,441 | ) | ||
| Fixed charges | 203 | 7 | 90 | 2,165 | 202 | 113 | ||||||||||||||
| Earnings available to cover fixed charges | (3,254 | ) | (4,938 | ) | (7,238 | ) | (14,535 | ) | (26,399 | ) | (32,328 | ) | ||||||||
Fixed charges |
||||||||||||||||||||
| Interest on indebtedness | 201 | 3 | 82 | 172 | 164 | 70 | ||||||||||||||
| Interest attributable to rental property (a) | 2 | 4 | 8 | 11 | 38 | 43 | ||||||||||||||
| Preferred stock dividend requirements | — | — | — | 1,982 | — | — | ||||||||||||||
| 203 | 7 | 90 | 2,165 | 202 | 113 | |||||||||||||||
Ratio of earnings to cover fixed charges (b) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
||||||||||||||
Additional earnings required to cover fixed charges |
$ |
3,457 |
$ |
4,945 |
$ |
7,328 |
$ |
16,700 |
$ |
26,601 |
$ |
32,441 |
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