LOSS PER SHARE (EPS)

6 Months Ended

Jun. 30, 2016

LOSS PER SHARE (EPS) [Abstract]

LOSS PER SHARE (EPS)

NOTE 4. LOSS PER SHARE (EPS)

Basic EPS is calculated under the two-class method under which all earnings (distributed and undistributed) allocated to each class of common stock and participating securities based on their respective rights to receive dividends.  Our Series F Convertible Preferred Stock (the Series F Preferred Stock) is considered a participating security as the security holders may participate in undistributed earnings with holders of common shares.  The holders of the Series F Preferred Stock are not obligated to share in net losses of the Company.

Diluted EPS is computed by dividing the net income 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, warrants and nonvested shares that vest solely on the basis of a service condition is calculated using the treasury stock method.  The dilutive effect of the Series F Preferred Stock is calculated using the if-converted method.

Below are reconciliations of the numerators and denominators in the EPS computations for the three and six months ended June 30, 2016 and 2015.

	Three Months Ended						Six Months Ended
	2016			2015			2016			2015
NUMERATOR (in thousands):
Basic and diluted - net loss attributable to RiceBran Technologies shareholders	$	(6,608	)	$	(3,526	)	$	(6,308	)	$	(6,527	)
Dividend on preferred stock--beneficial conversion feature		-			-			(551	)		-
Basic and diluted - net loss attributable to RiceBran Technologies common shareholders	$	(6,608	)	$	(3,526	)	$	(6,859	)	$	(6,527	)
DENOMINATOR:
Basic EPS - weighted average number of common shares outstanding		9,231,619			9,167,789			9,223,651			9,160,999
Effect of dilutive securities outstanding		-			-			-			-
Diluted EPS - weighted average number of shares outstanding		9,231,619			9,167,789			9,223,651			9,160,999
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		353,186			260,632			355,286			262,468
Warrants		10,842,006			6,827,953			9,777,065			6,665,956
Nonvested stock		1,265,386			177,840			1,066,236			172,522
Convertible preferred stock		2,000,000			-			1,417,582			-

The impact of potentially dilutive securities outstanding at June 30, 2016 and 2015, was not included in the calculation of diluted EPS for the three and six months ended June 30, 2016 and 2015 because to do so would be antidilutive.  Those securities listed in the table above which were antidilutive for the periods presented, which remain outstanding, could potentially dilute EPS in the future.