EX-12.1
Published on March 8, 2017
Exhibit 12.1
TREVENA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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2012 |
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2013 |
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2014 |
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2015 |
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2016 |
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(in thousands) |
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Determination of earnings |
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Income/(loss) before income taxes |
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$ (15,636)
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$ (23,251)
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$ (49,701)
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$ (50,528)
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$ (102,994)
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Add: |
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Fixed Charges |
|
340 |
|
303 |
|
234 |
|
531 |
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1,927 |
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Total Earnings/(loss) |
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(15,296) |
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(22,948) |
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(49,467) |
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(49,997) |
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(101,067) |
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Fixed charges: |
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Interest expense and amortization of debt discount and deferred financing costs |
|
194 |
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150 |
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71 |
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334 |
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1,738 |
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Estimated interest component of rent expense |
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146 |
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153 |
|
163 |
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197 |
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189 |
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Total fixed charges |
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340 |
|
303 |
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234 |
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531 |
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1,927 |
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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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$ 15,636
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$ 23,251
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$ 49,701
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$ 50,528
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$ 102,994
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(1) |
For all periods presented, no ratios are provided as earnings were insufficient to cover fixed charges. |