Exhibit 12.1
MicroVision, Inc.
Computation of Ratio of Earnings to Cover Fixed
Charges and Preferred Dividends
(In thousands)
| Three Months Ended March 31, 2016 |
2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||||||||
| Pre-tax loss from continuing operations |
$ | (3,556 | ) | (35,808 | ) | (22,693 | ) | (13,178 | ) | (18,120 | ) | (14,542 | ) | |||||||||||
| Fixed charges |
1 | 51 | 34 | 15 | 5 | 6 | ||||||||||||||||||
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| Earnings (losses) available to cover fixed charges |
(3,555 | ) | (35,757 | ) | (22,659 | ) | (13,163 | ) | (18,115 | ) | (14,536 | ) | ||||||||||||
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| Fixed charges |
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| Interest on indebtedness |
1 | 46 | 30 | 12 | 3 | 2 | ||||||||||||||||||
| Interest attributable to rental property (a) |
— | 5 | 4 | 3 | 2 | 4 | ||||||||||||||||||
| Preferred stock dividend requirements |
— | — | — | — | — | — | ||||||||||||||||||
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| 1 | 51 | 34 | 15 | 5 | 6 | |||||||||||||||||||
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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 |
$ | 3,556 | 35,808 | 22,693 | 13,178 | 18,120 | 14,542 | |||||||||||||||||
| (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. |