EX-12.1
Published on December 14, 2015
Exhibit 12.1
TREVENA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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2011 |
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2012 |
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2013 |
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2014 |
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Nine Months |
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Determination of earnings |
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Income/(loss) before income taxes |
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$ |
(15,810,004 |
) |
$ |
(15,635,658 |
) |
$ |
(23,251,435 |
) |
$ |
(49,700,875 |
) |
$ |
(35,063,979 |
) |
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Add: |
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Fixed Charges |
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215,036 |
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339,798 |
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302,852 |
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233,920 |
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365,052 |
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Total Earnings/(loss) |
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(15,594,968 |
) |
(15,295,860 |
) |
(22,948,583 |
) |
(49,466,955 |
) |
(34,698,927 |
) | |||||
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Fixed charges: |
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Interest expense and amortization of debt discount and deferred financing costs |
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74,217 |
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193,740 |
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149,756 |
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70,650 |
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215,293 |
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Estimated interest component of rent expense |
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140,819 |
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146,058 |
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153,096 |
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163,270 |
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149,759 |
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Total fixed charges |
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215,036 |
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339,798 |
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302,852 |
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233,920 |
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365,052 |
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Ratio of earnings to fixed charges (1) |
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Deficiency of earnings to cover fixed charges |
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$ |
15,810,004 |
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$ |
15,635,658 |
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$ |
23,251,435 |
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$ |
49,700,875 |
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$ |
35,063,979 |
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(1) For all periods presented, no ratios are provided as earnings were insufficient to cover fixed charges.