LOSS PER SHARE (EPS)

12 Months Ended

Dec. 31, 2012

LOSS PER SHARE (EPS) [Abstract]

LOSS PER SHARE (EPS)

NOTE 4. LOSS PER SHARE (EPS)

Basic EPS is computed by dividing net income (loss) attributable to RiceBran Technologies shareholders by the weighted average number of common shares outstanding during all periods presented.  Shares underlying options, warrants and convertible notes payable are excluded from the basic EPS calculation but are considered in calculating diluted EPS.

Diluted EPS is computed by dividing the net income (loss) attributable to RiceBran Technologies shareholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding if the impact of assumed exercises and conversions is dilutive.  The dilutive effect of outstanding options and warrants is calculated using the treasury stock method.  The dilutive effect of outstanding convertible debt is calculated using the if converted

method.

Below are reconciliations of the numerators and denominators in the EPS computations.

	2012			2011
NUMERATOR (in thousands):
Basic and diluted - net loss attributable to RiceBran Technologies shareholders	$	(9,509	)	$	(10,099	)
DENOMINATOR:
Basic EPS - weighted average number of shares outstanding		204,682,397			198,370,369
Effect of dilutive securities outstanding		-			-
Diluted EPS - weighted average number of shares outstanding		204,682,397			198,370,369
Number of shares of common stock which could be purchased with weighted average outstanding securities not included in diluted EPS because effect would be antidilutive-
Stock options (average exercise price of $0.24 and $0.29 )		38,237,372			39,575,663
Warrants (average exercise price of $0.31 and $1.13)		147,350,570			42,952,934
Convertible notes (average conversion price of $0.08 and $0.21)		66,941,605			5,159,808

The impact of potentially dilutive securities outstanding at December 31, 2012 and 2011, was not included in the calculation of diluted EPS in 2012 and 2011 because to do so would be antidilutive.  Those securities which were antidilutive in 2012 and 2011, which remain outstanding, could potentially dilute EPS in the future.