Published on October 26, 2009
Exhibit
12.1
RATIOS OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED DIVIDENDS
Detail
Calculation in accordance with Reg S-K Item 503(d)
|
Year Ended December 31,
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Six-
Months
ended June
30, 2009
|
2008
|
2007
|
2006
|
2005
|
2004
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|
Earnings
|
||||||||||||||||||||||||
|
Income
(loss) before income taxes and non-controlling interests
|
(2,869,411 | ) | (2,849,376 | ) | (11,452,583 | ) | (11,708,328 | ) | (760,504 | ) | (72,391 | ) | ||||||||||||
|
Fixed
Charges
|
- | - | 876 | - | 411,693 | 60,492 | ||||||||||||||||||
|
Interest
Capitalized
|
- | - | - | - | - | - | ||||||||||||||||||
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Total
earnings for computation of ratio
|
(2,869,411 | ) | (2,849,376 | ) | (11,451,707 | ) | (11,708,328 | ) | (348,811 | ) | (11,899 | ) | ||||||||||||
|
Fixed
Charges
|
||||||||||||||||||||||||
|
Interest
expenses
|
- | - | 876 | - | 411,693 | 60,492 | ||||||||||||||||||
|
Interest
capitalized
|
- | - | - | - | - | - | ||||||||||||||||||
|
Financing
charge from early retirement benefits costs
|
- | - | - | - | - | - | ||||||||||||||||||
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Bills
discounting charges
|
- | - | - | - | - | - | ||||||||||||||||||
|
Total
fixed charges
|
- | - | 876 | - | 411,693 | 60,492 | ||||||||||||||||||
|
Earnings
to Fixed Charges
|
- | - | (13,073 | ) | - | (0.85 | ) | (0.20 | ) | |||||||||||||||