XML 43 R11.htm IDEA: XBRL DOCUMENT

6. Outstanding Warrants

6 Months Ended

Jun. 30, 2012

Text Block [Abstract]

6. Outstanding Warrants

For the three and six months ended June 30, 2012, the Company issued 1,000,000 and 1,370,000 common stock warrants, respectively, which have the potential to enhance returns for accredited investors who enter the Note agreements. From May 31, 2012 to June 21, 2012, Aemetis Advanced Fuels Keyes, Inc. entered into additional Notes and Warrant Purchase Agreements with accredited investors and a related party. The accredited investors received 5-year warrants exercisable at $0.001 per share.

For the three and six months ended June 30, 2012, Note investors exercised 166,667 and 403,334 warrant shares, respectively, both groups of exercised shares had a weighted average exercise price of $0.001 per share.

For the three and six months ended June 30, 2012, 368,282 and 391,354 warrants for Series B Preferred stock expired, respectively, both groups of expired shares had a weighted average exercise price of $3.00 per share.

A summary of warrant activity for the six months ended June 30, 2012 is as follows:

Preferred Stock
		Warrants Issued & Outstanding				Weighted - Average Exercise Price				Warrants Issued & Exercisable				Average Remaining Term in Years
Outstanding December 31, 2011			392,479			$	3.000				392,479				0.25
Expired			(363,282	)			3.000				(363,282	)			-
Outstanding March 31, 2012			29,197				3.000				29,197				0.27
Expired			(23,072	)			3.000				(23,072	)			-
Outstanding June 30, 2012			6,125			$	3.000				6,125				0.13

Common Stock
		Warrants Issued & Outstanding				Weighted - Average Exercise Price				Warrants Issued & Exercisable				Average Remaining Term in Years
Outstanding December 31, 2011			1,428,590			$	0.790				1,428,590				3.34
Expired			(5,000	)			3.000				(5,000	)			-
Granted			1,000,000				0.001				1,000,000				-
Exercised			(166,667	)			0.001				(166,667	)			-
Outstanding March 31, 2012			2,256,923				0.220				2,256,923				3.56
Granted			370,000				0.001				370,000				-
Exercised			(236,667	)			0.001				(236,667	)			-
Outstanding June 30, 2012			2,390,256			$	0.200				2,390,256				3.40

Total
		Warrants Issued & Outstanding				Weighted - Average Exercise Price				Warrants Issued & Exercisable				Average Remaining Term in Years
Outstanding December 31, 2011			1,821,069			$	1.266				1,821,069				2.67
Expired			(368,282	)			3.000				(368,282	)			-
Granted			1,000,000				0.001				1,000,000				-
Exercised			(166,667	)			0.001				(166,667	)			-
Outstanding March 31, 2012			2,286,120				0.256				2,286,120				3.52
Expired			(23,072	)			3.000				(23,072	)			-
Granted			370,000				0.001				370,000				-
Exercised			(236,667	)			0.001				(236,667	)			-
Outstanding June 30, 2012			2,396,381			$	0.199				2,396,381				3.39

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details