RiceBran Technologies | 2013 | FY | 3


Certain equity issuance in 2013 and 2012 triggered the antidilution clauses in certain liability warrants and, as a result, we were required to lower the exercise price and increase the number of shares underlying certain liability warrants.  In addition, certain amendments required us to lower the exercise price and increase the numbers of shares underlying certain warrants.

 
 
Equity Warrants
  
Liability Warrants
 
 
 
Shares
Underlying
  
Weighted
Average
Remaining
Contractual
Life
(Years)
  
Weighted
Average
Exercise
Price
  
Shares
Underlying
  
Weighted
Average
Remaining
Contractual
Life
(Years)
  
Weighted
Average
Exercise
Price
 
Balance, January 1, 2011
  
17,372
   
3.5
  
$
60.00
   
216,575
   
1.5
  
$
220.00
 
Granted
  
-
       
-
   
423,782
       
20.00
 
Impact of antidilution clauses
  
-
       
-
   
518,720
      
NA
 
Impact of amendment
  
-
       
-
   
78,215
      
NA
 
Exercised
  
-
       
-
   
(25,015
)
      
20.00
 
Forfeited, expired or cancelled
  
(11,616
)
      
44.00
   
(411,264
)
      
88.00
 
Outstanding, December 31, 2012
  
5,756
   
2.4
   
90.00
   
801,013
   
3.5
   
24.00
 
Granted
  
1,820,711
       
6.66
   
38,400
       
16.00
 
Impact of antidilution clauses
  
-
       
-
   
385,292
      
NA
 
Impact of amendment
  
(8,711
)
      
-
   
(487,350
)
     
NA
 
Exercised
  
-
       
-
   
-
      
NA
 
Forfeited, expired or cancelled
  
(2,722
)
      
137.60
   
(146,107
)
      
65.60
 
Outstanding, December 31, 2013
  
1,815,034
   
5.0
  
$
6.69
   
591,248
   
2.9
  
$
5.24
 
Exercisable, December 31, 2013
  
1,729,319
   
5.0
  
$
6.69
   
591,248
   
2.9
  
$
5.24
 

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