EX-12.1
Published on June 15, 2018
TREVENA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
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Year Ended December 31, |
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Three Months |
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2013 |
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2014 |
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2015 |
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2016 |
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2017 |
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31, 2018 |
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Determination of earnings |
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Income/(loss) before income taxes |
|
$ |
(23,251 |
) |
$ |
(49,701 |
) |
$ |
(50,528 |
) |
$ |
(102,994 |
) |
$ |
(71,865 |
) |
$ |
(9,021 |
) |
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Add: |
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Fixed Charges |
|
303 |
|
234 |
|
531 |
|
1,927 |
|
3,232 |
|
829 |
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Total Earnings/(loss) |
|
$ |
(22,948 |
) |
$ |
(49,467 |
) |
$ |
(49,997 |
) |
$ |
(101,067 |
) |
$ |
(68,633 |
) |
$ |
(8,192 |
) |
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Fixed charges: |
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Interest expense and amortization of debt discount and deferred financing costs |
|
$ |
150 |
|
$ |
71 |
|
$ |
334 |
|
$ |
1,738 |
|
$ |
2,781 |
|
$ |
678 |
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Estimated interest component of rent expense |
|
153 |
|
163 |
|
197 |
|
189 |
|
451 |
|
151 |
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Total fixed charges |
|
$ |
303 |
|
$ |
234 |
|
$ |
531 |
|
$ |
1,927 |
|
$ |
3,232 |
|
$ |
829 |
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Ratio of earnings to fixed charges (1) |
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Deficiency of earnings to cover fixed charges |
|
$ |
23,251 |
|
$ |
49,701 |
|
$ |
50,528 |
|
$ |
102,994 |
|
$ |
71,865 |
|
$ |
9,021 |
|
(1) For all periods presented, no ratios are provided as earnings were insufficient to cover fixed charges.