Note 12 - Income (Loss) Per Share (EPS)

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 12. INCOME (LOSS) PER SHARE (EPS)

Basic EPS is calculated under the two-class method under which all earnings (distributed and undistributed) are allocated to each class of common stock and participating securities based on their respective rights to receive dividends. Our outstanding convertible preferred stock are considered participating securities as the holders may participate in undistributed earnings with holders of common shares and are not obligated to share in our net losses.

Diluted EPS is computed by dividing the net income attributable to RiceBran Technologies common shareholders by the weighted average number of common shares outstanding during the period increased by the number of additional common shares that would have been outstanding if the impact of assumed exercises and conversions is dilutive. The dilutive effects of outstanding options, warrants, nonvested shares of common stock and nonvested restricted stock units that vest solely on the basis of a service condition are calculated using the treasury stock method. The dilutive effects of the outstanding preferred stock are calculated using the if-converted method.

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

	2023			2022
NUMERATOR (in thousands):
Basic and diluted - loss from continuing operations	$	(8,551	)	$	(6,660	)
DENOMINATOR (in thousands):
Weighted average number of shares of shares of common stock outstanding		6,746,688			5,414,079
Weighted average number of shares of common stock underlying vested restricted stock units		245,670			100,592
Basic EPS - weighted average number of shares outstanding		6,992,358			5,514,671
Effect of dilutive securities outstanding		-			-
Diluted EPS - weighted average number of shares outstanding		6,992,358			5,514,671

No effects of potentially dilutive securities outstanding were included in the calculation of diluted EPS for 2023 and 2022, because to do so would be anti-dilutive due to our net loss. Potentially dilutive securities outstanding during 2023 and 2022 included our outstanding convertible preferred stock, options, warrants and nonvested restricted stock units. Those potentially dilutive securities, further described in Note 10, could potentially dilute EPS in the future.