Alto Ingredients Inc (ALTO)

[Rule_62]

Take a look at pg 14 of the March 31 10Q.

Add up the total number of warrants outstanding in the March 31 Warrant Fair Value table. Note that those totals are as of March 31.

That gives you the number of warrants used to calculate the fair value of warrants for Q1.

That will not be the number of warrants used to determine the fair value of the warrants for Q2.

Now, take a look at the Fair value total for that table.
Compare it to the line "Warrant liabilities at fair value" in the consolidated balance sheet on pg 4. Same number, isn't it?

Now, if you want even more mystery subtract the total fair warrant value of the Dec 31 table on p4 14 from the March 31 table. That will give you the total change in outstanding warrant value from Dec 31 to March 31.