Nine Months Ended September 30,

 

For the Years Ended December 31,

 

2014

 

2013

 

2012

 

2011

 

2010

Earnings (loss) from continuing operating

 

 

 

 

 

 

 

 

 

  before provision for income taxes

$9,066,502

 

  $(374,508)

 

 $(1,969,607)

 

 $  71,487

 

 $  99,987

Fixed charges (Interest expense)

-

 

9,890

 

218,805

 

94,219

 

-

 

 

 

 

 

 

 

 

 

 

Total Earnings (Loss) for Ratio

$9,066,502

 

 $ (364,618)

 

 $(1,750,802)

 

$ 165,706

 

 $  99,987

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed charges(1)(2)

-

 

-

 

-

 

1.76

 

-

 

 

 

 

 

 

 

 

 

 

(1) In calculating the ratio of earnings to fixed charges, “earnings” consist of income (loss) from continuing operations before income tax, plus fixed charges (excluding capitalized interest). “Fixed charges” represent interest incurred (whether expensed or capitalized), amortization of debt costs and an estimate of the interest within rental expense.

 

(2)  For the years ended December 31, 2013 and 2012, fixed charges exceeded earnings by $0.4 million and $1.8 million, respectively.