NEON Communications Group, Inc., et al. – IPO: ‘S-1’ on 7/25/02 – EX-12

On:  Thursday, 7/25/02, at 8:49am ET   ·   Accession #:  950130-2-5260   ·   File #s:  333-97067, -01, -02, -03, -04, -05, -06, -07, -08, -09, -10, -11

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Initial Public Offering (IPO):  Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)                174    807K 
 2: EX-10.8     Consulting Agreement, Dated as of April 19, 2002       6     30K 
 3: EX-12       Calculation of Deficiency of Earnings                  2±    15K 
 4: EX-21       List of Subsidiaries of the Company                    1      8K 
 5: EX-25       Statement of Eligibility and Qualification             6     40K 

EX-12   —   Calculation of Deficiency of Earnings

EX-12
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                                                                      Exhibit 12
Globix Corporation                                                              
Deficiency of Earnings to Fixed Charges                                         

                                                        [Enlarge/Download Table]

                                                    Proforma                                                                     
                                                Six Months Ended    Six Months Ended        Year Ended             Year Ended    
                                                 March 31, 2002      March 31, 2002     September 30, 2001     September 30, 2000
                                               ------------------  ------------------  --------------------   -------------------
                                                                                                                                 
Fixed charges:                                                                                                                   
--------------                                                                                                                   

Interest expense, net of capitalized interest      $   9,410            $   34,060            $   65,128           $   57,831    

Capitalized interest                                       -                     -                12,432                2,322    

Amortization of capitalized interest                     393                   393                   317                  153    

Interest component of rent expense (1)                                                                                           
                                                       1,939                 1,939                 2,376                1,358    

                                                ------------        --------------      -------------------------------------    
Total Fixed Charges                                $  11,742            $   36,392            $   80,253           $   61,664    
                                                   =========            ==========            ==========           ==========    

Pre-tax loss from continuing operations            ($103,938)            ($129,217)            ($210,711)           ($108,870)   

Fixed charges                                         11,742                36,392                80,253               61,664    

Amortization of capitalized interest                     393                   393                   317                  153    

Capitalized interest                                       -                     -               (12,432)              (2,322)   
                                                ------------        --------------      -------------------------------------    
Earnings                                            ($91,803)             ($92,432)            ($142,573)            ($49,375)   

Fixed charges                                         11,742                36,392                80,253               61,664    

Preferred Dividends                                        -                 2,713                 6,173                4,975    
                                                ------------        --------------      -------------------------------------    
Deficiency                                         ($103,545)            ($131,537)            ($228,999)           ($116,014)   
                                                ============        ==============      =====================================    


                                                      Year Ended            Year Ended            Year Ended                     
                                                  September 30, 1999    September 30, 1998    September 30, 1997                 
                                                 --------------------  --------------------  --------------------                
                                                                                                                                 
Fixed charges:                                                                                                                   
--------------                                                                                                                   

Interest expense, net of capitalized interest         $  18,386              $   8,376              $    177                     

Capitalized interest                                      3,823                  1,098                     -                     

Amortization of capitalized interest                         56                      -                     -                     

Interest component of rent expense (1)                      426                    187                     -                     
                                                  ----------------------------------------------------------                     
Total Fixed Charges                                     $22,691              $   9,661              $    177                     
                                                        =======              =========              ========                     

Pre-tax loss from continuing operations                ($43,385)              ($11,156)              ($3,115)                    

Fixed charges                                            22,691                  9,661                   177                     

Amortization of capitalized interest                         56                      -                     -                     

Capitalized interest                                     (3,823)                (1,098)                    -                     
                                                  ----------------------------------------------------------                     
Earnings                                               ($24,461)               ($2,593)              ($2,938)                    

Fixed charges                                            22,691                  9,661                   177                     

Preferred Dividends                                           -                      -                     -                     
                                                  ----------------------------------------------------------                     
Deficiency                                             ($47,152)              ($12,254)              ($3,115)                    
                                                  ==========================================================                     

NOTES:                                                                          

(1) - For the purposes of this item, interest is estimated as one third of rent 
expense.                                                                        

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-1’ Filing		Date		Other Filings
Filed on:		7/25/02
		3/31/02		10-Q,  10-Q/A
		9/30/01		10-K
		9/30/00		10-K
		9/30/99		10-K
		9/30/98		10KSB,  10KSB/A
		9/30/97		10KSB
				List all Filings