STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Published on October 19, 2015
Exhibit 99.1
Harris & Harris Group, Inc.
Computation of Ratios of Earnings to Fixed Charges
| For
Six Months Ended June 30, 2015 |
For
the Year Ended December 31, 2014 |
For
the Year Ended December 31, 2013 |
For
the Year Ended December 31, 2012 |
For
the Year Ended December 31, 2011 |
For
the Year Ended December 31, 2010 |
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| Earnings: | ||||||||||||||||||||||||
| Net increase (decrease) in net assets resulting from operations | $ | (1,529,496) | $ | (13,570,420 | ) | $ | (7,788,958 | ) | $ | (19,986,900 | ) | $ | (3,541,363 | ) | $ | 10,586,850 | ||||||||
| Income tax expense, including excise tax | $ | 1,600 | $ | 17,896 | $ | 27,994 | $ | 15,236 | $ | 6,922 | $ | 4,461 | ||||||||||||
| Total earnings before taxes | $ | (1,527,896) | $ | (13,552,524 | ) | $ | (7,760,964 | ) | $ | (19,971,664 | ) | $ | (5,534,441 | ) | $ | 10,591,311 | ||||||||
| Fixed Charges: | ||||||||||||||||||||||||
| Interest Expense | $ | 351,746 | $ | 377,658 | $ | 116,421 | $ | 48,126 | $ | 36,944 | $ | 0 | ||||||||||||
| Total fixed charges | $ | 351,746 | $ | 377,658 | $ | 116,421 | $ | 48,126 | $ | 36,944 | $ | 0 | ||||||||||||
| Earnings available to cover fixed charges | $ | (1,879,642) | $ | (13,930,182 | ) | $ | (7,877,385 | ) | $ | (20,019,790 | ) | $ | (3,571,385 | ) | $ | 10,591,311 | ||||||||
| Ratio of earnings to fixed charges | $ | (4.3) | $ | (35.9 | ) | $ | (66.7 | ) | $ | (415.0 | ) | $ | (95.7 | ) | n/a | |||||||||