Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SHARE DIVIDENDS
(in thousands)
| Three Months Ended December 31, |
Six Months Ended December 31, |
Year Ended June 30, | ||||||||||||||||||
| 2015 | 2015 | 2015 | 2014 | 2013 | ||||||||||||||||
| Earnings: |
||||||||||||||||||||
| Net loss |
$ | (5,691 | ) | $ | (9,651 | ) | $ | (11,857 | ) | $ | (6,710 | ) | $ | (3,241 | ) | |||||
| Add: Fixed charges |
23 | 35 | 60 | 30 | 7 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Earnings as defined |
$ | (5,714 | ) | $ | (9,686 | ) | $ | (11,917 | ) | $ | (6,740 | ) | $ | (3,248 | ) | |||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Fixed charges: |
||||||||||||||||||||
| Estimated interest component of rental expense (1) |
$ | 23 | $ | 35 | $ | 60 | $ | 30 | $ | 7 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total fixed charges |
$ | 23 | $ | 35 | $ | 60 | $ | 30 | $ | 7 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Ratio of earnings to fixed charges (2) |
$ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Deficiency of earnings available to cover fixed charges |
$ | (5,714 | ) | $ | (9,686 | ) | $ | (11,917 | ) | $ | (6,740 | ) | $ | (3,248 | ) | |||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Combined fixed charges and preference share dividends: |
||||||||||||||||||||
| Fixed charges |
$ | 23 | $ | 35 | $ | 60 | $ | 30 | $ | 7 | ||||||||||
| Preference share dividends |
— | — | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total combined fixed charges and preference share dividends |
$ | 23 | $ | 35 | $ | 60 | $ | 30 | $ | 7 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Ratio of earnings to combined fixed charges and preference share dividends (2) |
$ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Deficiency of earnings available to cover combined fixed charges and preference share dividends |
$ | (5,714 | ) | $ | (9,686 | ) | $ | (11,917 | ) | $ | (6,740 | ) | $ | (3,248 | ) | |||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| (1) | One third of rental expense is estimated to be the interest component of rental expense. |
| (2) | Earnings were insufficient to cover total fixed charges and total combined fixed charges and preference share dividends. |