Earnings per Share

6 Months Ended

Jun. 30, 2016

2. Earnings per Share

Basic net loss per share is computed by dividing the net loss attributable to Gevo common stockholders for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) 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 six months ended June 30, 2016 and 2015 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.

	June 30,
	2016		2015
Warrants to purchase common stock		15,160,497		4,023,861
2017 Notes		1,503,821		1,502,532
2022 Notes		262,333		291,612
Outstanding options to purchase common stock		743,074		221,679
Unvested restricted common stock		249,772		48,633
Total		17,919,497		6,088,317