Exhibit 12.1
MicroVision, Inc.
Computation of Ratio of Earnings to Cover Fixed
Charges and Preferred Dividends
(In thousands)
| Six Months Ended June 30, 2012 |
2007 | 2008 | 2009 | 2010 | 2011 | |||||||||||||||||||
| Pre-tax income from continuing operations |
$ | (14,774 | ) | (26,393 | ) | (32,620 | ) | (39,529 | ) | (47,460 | ) | (35,808 | ) | |||||||||||
| Fixed charges |
19 | 519 | 55 | 75 | 69 | 51 | ||||||||||||||||||
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| Earnings available to cover fixed charges |
(14,755 | ) | (25,874 | ) | (32,565 | ) | (39,454 | ) | (47,391 | ) | (35,757 | ) | ||||||||||||
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| Fixed charges |
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| Interest on indebtedness |
17 | 513 | 48 | 68 | 62 | 46 | ||||||||||||||||||
| Interest attributable to rental property (a) |
2 | 6 | 7 | 7 | 7 | 5 | ||||||||||||||||||
| Preferred stock dividend requirements |
— | — | — | — | — | — | ||||||||||||||||||
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| 19 | 519 | 55 | 75 | 69 | 51 | |||||||||||||||||||
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| 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 |
$ | 14,774 | 26,393 | 32,620 | 39,529 | 47,460 | 35,808 | |||||||||||||||||
| (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. |