Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERENCE SHARE DIVIDENDS
(in thousands)
| 
 | 
 | Three Months Ended | 
 | 
 | Nine Months Ended | 
 | ||||||||||
| 
 | 
 | March 31, | 
 | 
 | March 31, | 
 | ||||||||||
| 
 | 
 | 2017 | 
 | 
 | 2016 | 
 | 
 | 2017 | 
 | 
 | 2016 | 
 | ||||
| Earnings: | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
| Net loss | 
 | $ | (6,019 | ) | 
 | $ | (5,745 | ) | 
 | $ | (16,526 | ) | 
 | $ | (15,396 | ) | 
| Add: Fixed charges | 
 | 
 | 26 | 
 | 
 | 
 | 26 | 
 | 
 | 
 | 77 | 
 | 
 | 
 | 61 | 
 | 
| Earnings as defined | 
 | $ | (5,993 | ) | 
 | $ | (5,719 | ) | 
 | $ | (16,449 | ) | 
 | $ | (15,335 | ) | 
| 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
| Fixed charges: | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
| Estimated interest component of rental expense (1) | 
 | 
 | 26 | 
 | 
 | 
 | 26 | 
 | 
 | 
 | 77 | 
 | 
 | 
 | 61 | 
 | 
| Total fixed charges | 
 | $ | 26 | 
 | 
 | $ | 26 | 
 | 
 | $ | 77 | 
 | 
 | $ | 61 | 
 | 
| 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
| Ratio of earnings to fixed charges (2) | 
 | $ | — | 
 | 
 | $ | — | 
 | 
 | $ | — | 
 | 
 | $ | — | 
 | 
| Deficiency of earnings available to cover fixed charges | 
 | $ | (5,993 | ) | 
 | $ | (5,719 | ) | 
 | $ | (16,449 | ) | 
 | $ | (15,335 | ) | 
| Combined fixed charges and preference share dividends: | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
| Fixed charges | 
 | 
 | 26 | 
 | 
 | 
 | 26 | 
 | 
 | 
 | 77 | 
 | 
 | 
 | 61 | 
 | 
| Preference share dividends | 
 | 
 | — | 
 | 
 | 
 | — | 
 | 
 | 
 | — | 
 | 
 | 
 | — | 
 | 
| Total combined fiexd charges and preference shre dividends | 
 | $ | 26 | 
 | 
 | $ | 26 | 
 | 
 | $ | 77 | 
 | 
 | $ | 61 | 
 | 
| Ratio of earnings to combined fixed charges and preference share dividends | 
 | $ | — | 
 | 
 | $ | — | 
 | 
 | $ | — | 
 | 
 | $ | — | 
 | 
| Deficiency of earnings available to cover combines fixed charges and prefernce share dividends | 
 | $ | (5,993 | ) | 
 | $ | (5,719 | ) | 
 | $ | (16,449 | ) | 
 | $ | (15,335 | ) | 
| 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
 | 
| (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 | 
 | |||||||||||||||