Attached files
| file | filename |
|---|---|
| S-1/A - AMENDMENT 3 TO FORM S-3 ON FORM S-1 - MOTRICITY INC | d279361ds1a.htm |
| EX-4.3 - FORM OF SUBSCRIPTION RIGHTS CERTIFICATE - MOTRICITY INC | d279361dex43.htm |
| EX-23.2 - CONSENT OF PRICEWATERHOUSECOOPERS LLP - MOTRICITY INC | d279361dex232.htm |
| EX-23.3 - CONSENT OF KPMG LLP - MOTRICITY INC | d279361dex233.htm |
| EX-23.4 - CONSENT OF MSPC CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS, PC - MOTRICITY INC | d279361dex234.htm |
| EX-23.1 - CONSENT OF GRANT THORNTON LLP - MOTRICITY INC | d279361dex231.htm |
Exhibit 12.1
Motricity, Inc.
The following table sets forth our ratio of earnings to fixed charges and ratio of combined fixed charges to earnings for the years ended December 31, 2007, 2008, 2009, 2010 and 2011 and the three months ended March 31, 2012. As earnings are inadequate to cover fixed charges, we have provided the coverage deficiency amounts.
Statement of Computation of Ratio of Earnings To Combined Fixed Charges and
Preference Security Dividends
(in thousands, except ratios)
| Year Ended December 31, | Three Months
Ended March 31, 2012 |
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| 2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||||||||
| Loss from continuing operations, before income tax |
$ | (51,605 | ) | $ | (74,827 | ) | $ | (13,453 | ) | $ | (7,964 | ) | $ | (162,170 | ) | $ | (3,912 | ) | ||||||
| Fixed charges |
1,847 | 2,154 | 1,180 | 923 | 1,579 | 725 | ||||||||||||||||||
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| Total loss for computation of ratio |
(49,758 | ) | (72,673 | ) | (12,273 | ) | (7,041 | ) | (160,591 | ) | (3,187 | ) | ||||||||||||
| Fixed charges: |
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| Interest expense |
1,354 | 493 | 220 | 111 | 644 | 461 | ||||||||||||||||||
| Interest attributable to rentals(a) |
493 | 1,661 | 960 | 812 | 935 | 264 | ||||||||||||||||||
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| Total fixed charges |
1,847 | 2,154 | 1,180 | 923 | 1,579 | 725 | ||||||||||||||||||
| Preferred dividend requirements: |
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| Accretion of redeemable preferred stock |
7,399 | 21,729 | 23,261 | 12,093 | — | — | ||||||||||||||||||
| Preferred stock dividends |
696 | 698 | 695 | 1,200 | — | — | ||||||||||||||||||
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| Total preferred dividend requirements |
8,095 | 22,427 | 23,956 | 13,293 | — | — | ||||||||||||||||||
| Total combined fixed charges preferred stock dividends |
$ | 9,942 | $ | 24,581 | $ | 25,136 | $ | 14,216 | $ | 1,579 | $ | 725 | ||||||||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends(b) |
— | — | — | — | — | — | ||||||||||||||||||
| a) | Interest attributable to rentals equals one-third of total rental expense. |
| b) | Due to our losses in years ended December 31, 2007, 2008, 2009, 2010 and 2011 and the three months ended March 31, 2012, the ratio coverage was less than 1:1. Additional earnings of $51,605, $74,827, $13,453, $7,964, $162,170 and $3,912 would have been required in each of those periods, respectively, to achieve a coverage ratio of 1:1. |