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 | ||||||||||||||||||
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Earnings (losses) available to cover fixed charges |
(10,745 | ) | (32,565 | ) | (39,454 | ) | (47,391 | ) | (35,757 | ) | (22,659 | ) | ||||||||||||
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Fixed charges |
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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 |
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12 | 55 | 75 | 69 | 51 | 34 | |||||||||||||||||||
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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 |
$ | 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. |