Exhibit 12.1
STATEMENT REGARDING CALCULATION OF RATIOS
| Years Ended September 30, | Three Months Ended December 31, | |||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2016 | |||||||||||||||||||
| Earnings: | ||||||||||||||||||||||||
| Income from continuing operations before income taxes | £ | 1,242 | £ | (10,356 | ) | £ | (19,570 | ) | £ | (57,061 | ) | £ | (86,172 | ) | £ | (18,259 | ) | |||||||
| Add: fixed charges | 1 | 64 | 392 | 715 | 807 | 247 | ||||||||||||||||||
| Less: capitalized interest | - | - | (331 | ) | (640 | ) | (634 | ) | (157 | ) | ||||||||||||||
| Earnings | £ | 1,243 | £ | (10,292 | ) | £ | (19,509 | ) | £ | (56,986 | ) | £ | (85,999 | ) | £ | (18,169 | ) | |||||||
| Fixed Charges: | ||||||||||||||||||||||||
| Total interest expense | £ | - | £ | - | £ | 331 | £ | 640 | £ | 634 | £ | 157 | ||||||||||||
| Estimated interest portion of rental expense | 1 | 64 | 61 | 75 | 173 | 90 | ||||||||||||||||||
| Fixed charges | £ | 1 | £ | 64 | £ | 392 | £ | 715 | £ | 807 | £ | 247 | ||||||||||||
| Ratio of earnings to fixed charges | 1,243 | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
| Earnings insufficiency | - | (10,356 | ) | (19,901 | ) | (57,701 | ) | (86,806 | ) | (18,416 | ) | |||||||||||||