Earnings per Share

3 Months Ended

Mar. 31, 2017

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 three months ended March 31, 2017 and 2016 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.

	March 31,
	2017		2016
Warrants to purchase common stock - liability classified (see Note 5)		14,017,373		698,056
Warrant to purchase common stock - equity classified		1,393		4,200
2017 Notes		47,827		75,192
2022 Notes		688		13,117
Outstanding options to purchase common stock		76,915		23,756
Unvested restricted common stock		7,536		13,448
Total		14,151,732		827,769