EX-12.1
Published on April 3, 2015
Exhibit 12.1
TREVENA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
|
|
2011 |
|
2012 |
|
2013 |
|
2014 |
| ||||
|
|
|
|
|
|
|
|
|
|
| ||||
|
Determination of earnings |
|
|
|
|
|
|
|
|
| ||||
|
Income/(loss) before income taxes |
|
$ |
(15,810,004 |
) |
$ |
(15,635,658 |
) |
$ |
(23,251,435 |
) |
$ |
(49,700,875 |
) |
|
Add: |
|
|
|
|
|
|
|
|
| ||||
|
Fixed Charges |
|
215,036 |
|
339,798 |
|
302,852 |
|
233,920 |
| ||||
|
Total Earnings/(loss) |
|
(15,594,968 |
) |
(15,295,860 |
) |
(22,948,583 |
) |
(49,466,955 |
) | ||||
|
|
|
|
|
|
|
|
|
|
| ||||
|
Fixed charges: |
|
|
|
|
|
|
|
|
| ||||
|
Interest expense and amortization of debt discount and deferred financing costs |
|
74,217 |
|
193,740 |
|
149,756 |
|
70,650 |
| ||||
|
Estimated interest component of rent expense |
|
140,819 |
|
146,058 |
|
153,096 |
|
163,270 |
| ||||
|
Total fixed charges |
|
215,036 |
|
339,798 |
|
302,852 |
|
233,920 |
| ||||
|
|
|
|
|
|
|
|
|
|
| ||||
|
Ratio of earnings to fixed charges (1) |
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
| ||||
|
Deficiency of earnings to cover fixed charges |
|
$ |
15,810,004 |
|
$ |
15,635,658 |
|
$ |
23,251,435 |
|
$ |
49,700,875 |
|
(1) For all periods presented, no ratios are provided as earnings were insufficient to cover fixed charges.