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Revolution Lighting Technologies, Inc. – ‘S-3’ on 10/21/14 – EX-12.1

On:  Tuesday, 10/21/14, at 8:29pm ET   ·   As of:  10/22/14   ·   Accession #:  1193125-14-377784   ·   File #:  333-199510

Previous ‘S-3’:  ‘S-3/A’ on 4/3/07   ·   Latest ‘S-3’:  This Filing

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

10/22/14  Revolution Lighting Techs, Inc.   S-3                    9:879K                                   RR Donnelley/FA

Registration Statement for Securities Offered Pursuant to a Transaction   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Registration Statement for Securities Offered       HTML    201K 
                          Pursuant to a Transaction                              
 2: EX-4.7      Form of Senior Indenture                            HTML    261K 
 3: EX-4.8      Form of Subordinated Indenture                      HTML    258K 
 4: EX-5.1      Opinion of Lowenstein Sandler LLP                   HTML     36K 
 5: EX-12.1     Statement Regarding Computation of Deficiency of    HTML     36K 
                          Earnings to Fixed Charges                              
 6: EX-23.1     Consent                                             HTML      7K 
 7: EX-23.2     Consent                                             HTML      8K 
 8: EX-23.3     Consent                                             HTML      8K 
 9: EX-23.4     Consent                                             HTML      8K 


EX-12.1   —   Statement Regarding Computation of Deficiency of Earnings to Fixed Charges


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  Statement Regarding Computation of Deficiency of Earnings to Fixed Charges  

Exhibit 12.1

Statement Regarding Computation of Deficiency of Earnings to Fixed Charges and Deficiency of Earnings to Combined Fixed Charges and Preference Dividends

 

    Year Ended December 31,     Six months
ended June 30,
 

(in thousands)

  2013     2012     2011     2010     2009     2014  

Fixed charges:

           

Interest expense

  $ 52      $ 210      $ 127      $ 247      $ 461      $ 459   

Portion of rental expense which represents interest factor (1)

    27        13        17        13        11        58   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed charges

  $ 79      $ 223      $ 144      $ 260      $ 472      $ 517   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings (loss) available for fixed charges:

           

Pre-tax income (loss)

  $ (16,821   $ (8,579   $ (5,425   $ (6,365   $ (5,247   $ (7,124

Add: Fixed charges

    79        223        144        260        472        517   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings (loss) available for fixed charges

  $ (16,743   $ (8,356   $ (5,281   $ (6,105   $ (4,775   $ (6,607
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings (loss) to fixed charges

  $ (16,821   $ (8,579   $ (5,425   $ (6,365   $ (5,247   $ (7,124
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

    Year Ended December 31,     Six months
ended June 30,
 

(in thousands)

  2013     2012     2011     2010     2009     2014  

Fixed charges:

           

Interest expense

  $ 52      $ 210      $ 127      $ 247      $ 461      $ 459   

Portion of rental expense which represents interest factor (1)

    27        13        17        13        11        58   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed charges before preferred stock dividends pre-tax requirements

  $ 79      $ 223      $ 144      $ 260      $ 472      $ 517   

Preferred stock dividends pre-tax income requirements (2)

    1,360        31        —          —          711        804   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Combined fixed charges and preferred stock dividends

  $ 1,439      $ 254      $ 144      $ 260      $ 1183      $ 1,321   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings (loss) available for fixed charges:

           

Pre-tax income (loss)

  $ (16,821   $ (8,579   $ (5,425   $ (6,365   $ (5,247   $ (7,124

Add: Fixed charges

    1,439        254        144        260        1,183        1,321   

Less: Preferred stock dividends

    1360        31        —          —          711        804   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings (loss) available for fixed charges and preferred stock dividends

  $ (16,743   $ (8,356   $ (5,281   $ (6,105   $ (4,775   $ (6,607
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings (loss) to fixed charges and preferred stock dividends

  $ (16,821   $ (8,579   $ (5,425   $ (6,365   $ (5,247   $ (7,124
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(1) - Assumes 5% interest factor

(2) - Assumes 0% effective tax rate

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