Microvision, Inc.
Computation of Ratio of Earnings to Cover Fixed
Charges and Preferred Dividends
(In thousands)
| |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
Nine months ended September 30, 2002 |
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pre-tax income from continuing operations | $ | (3,457 | ) | $ | (4,945 | ) | $ | (7,328 | ) | $ | (16,700 | ) | $ | (26,601 | ) | $ | (41,388 | ) | $ | (25,927 | ) | ||
| Fixed charges | 203 | 7 | 90 | 2,165 | 202 | 149 | 85 | ||||||||||||||||
| Earnings available to cover fixed charges | (3,254 | ) | (4,938 | ) | (7,238 | ) | (14,535 | ) | (26,399 | ) | (41,239 | ) | (25,842 | ) | |||||||||
| Fixed charges | |||||||||||||||||||||||
| Interest on indebtedness | 201 | 3 | 82 | 172 | 164 | 92 | 45 | ||||||||||||||||
| Interest attributable to rental property (a) | 2 | 4 | 8 | 11 | 38 | 57 | 40 | ||||||||||||||||
| Preferred stock dividend requirements | — | — | — | 1,982 | — | — | — | ||||||||||||||||
| 203 | 7 | 90 | 2,165 | 202 | 149 | 85 | |||||||||||||||||
| Ratio of earnings to cover fixed charges (b) | N/A | 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 | $ | 41,388 | $ | 25,927 | |||||||||