| For the period February 14, 2003 | For the six | |||||||||||||||
| (inception) through | For the year ended | months ended | ||||||||||||||
| December 31, 2003 | December 31, 2004 | June 30, 2005 | ||||||||||||||
Income (loss) from
continuing
operations |
$ | (240,871 | ) | $ | 1,623,928 | $ | 1,684,715 | |||||||||
Add fixed
charges |
7,830 | 25,565 | 311,863 | |||||||||||||
Earnings |
$ | (233,041 | ) | $ | 1,649,493 | $ | 1,996,578 | |||||||||
Fixed Charges: |
||||||||||||||||
Interest expense |
— | — | 291,022 | |||||||||||||
Estimated
interest
component of
rent |
7,830 | 25,565 | 20,841 | |||||||||||||
Total fixed charges |
7,830 | 25,565 | 311,863 | |||||||||||||
Preferred dividends |
— | — | — | |||||||||||||
Fixed
charges and
preferred dividends |
7,830 | 25,565 | 311,863 | |||||||||||||
Ratio of earnings
to fixed
charges and
preferred dividends |
— | (1) | 64.52 | 6.40 | ||||||||||||
| (1) For the period February 14, 2003 through December 31, 2003 earnings were insufficient to cover fixed charges by $240,871. | ||