Exhibit 12
MicroVision, Inc.
Computation of Ratio of Earnings to Cover Fixed
Charges and Preferred Dividends
(In thousands)
| Three Months Ended March 31, 2011 |
2006 | 2007 | 2008 | 2009 | 2010 | |||||||||||||||||||
| Pre-tax income (loss) from continuing operations |
$ | (9,037 | ) | $ | (32,432 | ) | $ | (26,393 | ) | $ | (32,620 | ) | $ | (39,529 | ) | $ | (47,460 | ) | ||||||
| Fixed charges |
15 | 5,962 | 519 | 55 | 75 | 69 | ||||||||||||||||||
| Earnings available to cover fixed charges |
(9,022 | ) | (26,470 | ) | (25,874 | ) | (32,565 | ) | (39,454 | ) | (47,391 | ) | ||||||||||||
| Fixed charges |
||||||||||||||||||||||||
| Interest on indebtedness |
13 | 5,753 | 513 | 48 | 68 | 62 | ||||||||||||||||||
| Interest attributable to rental property (a) |
2 | 12 | 6 | 7 | 7 | 7 | ||||||||||||||||||
| Preferred stock dividend requirements |
— | 197 | — | — | — | — | ||||||||||||||||||
| 15 | 5,962 | 519 | 55 | 75 | 69 | |||||||||||||||||||
| 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 |
$ | 9,037 | $ | 32,432 | $ | 26,393 | $ | 32,620 | $ | 39,529 | $ | 47,460 | ||||||||||||
| (a) | Based on a reasonable approximation of the interest factor. |
| (b) | As earnings were insufficient to cover fixed charges and preferred dividends, if any, no ratio has been presented. |