Earnings per Share

3 Months Ended

Mar. 31, 2014

Earnings per Share

2. Earnings per Share

Basic net loss per share is computed by dividing the net loss attributable to Gevo, Inc. common stockholders for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share (“EPS”) includes the dilutive effect of common stock equivalents and is computed using the weighted-average number of common stock and common stock equivalents outstanding during the reporting period. Diluted EPS for the three months ended March 31, 2014 and 2013 excluded common stock equivalents because the effect of their inclusion would be anti-dilutive, or would decrease the reported loss per share.

The following table sets forth securities outstanding that could potentially dilute the calculation of diluted earnings per share.

	Three Months Ended March 31,
	2014		2013
Warrants to purchase common stock		22,563,748		1,229,998
Convertible debt		4,725,514		6,287,090
Outstanding options to purchase common stock		3,741,150		3,319,450
Unvested restricted common stock		1,009,485		1,113,310
Total		32,039,897		11,949,848