Exhibit 12.1
MicroVision, Inc.
Computation of Ratio of Earnings to Cover Fixed
Charges and Preferred Dividends
(In thousands)
| Nine Months Ended September 30, 2012 |
2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||
| Pre-tax loss from continuing operations |
$ | (10,757 | ) | (32,620 | ) | (39,529 | ) | (47,460 | ) | (35,808 | ) | (22,693 | ) | |||||||||||
| Fixed charges |
12 | 55 | 75 | 69 | 51 | 34 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Earnings (losses) available to cover fixed charges |
(10,745 | ) | (32,565 | ) | (39,454 | ) | (47,391 | ) | (35,757 | ) | (22,659 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fixed charges |
||||||||||||||||||||||||
| Interest on indebtedness |
10 | 48 | 68 | 62 | 46 | 30 | ||||||||||||||||||
| Interest attributable to rental property (a) |
2 | 7 | 7 | 7 | 5 | 4 | ||||||||||||||||||
| Preferred stock dividend requirements |
— | — | — | — | — | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| 12 | 55 | 75 | 69 | 51 | 34 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| 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 |
$ | 10,757 | 32,620 | 39,529 | 47,460 | 35,808 | 22,693 | |||||||||||||||||
| (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. |