Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Unit

v3.5.0.2
Earnings Per Unit
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Unit
Earnings Per Unit
The net loss per common unit on the Condensed Consolidated Statements of Comprehensive Loss is based on the net loss of the Partnership for the periods presented.
The Partnership’s net loss is allocated wholly to the limited partner units as the General Partner does not have an economic interest.
 
 
Nine Months Ended September 30,
 
 
2016
 
2015
Net Loss
 
$
(31,863,719
)
 
$
(6,850,578
)
Net Loss per limited partner unit
 
$
(1.06
)
 
$
(0.23
)
Weighted-average common units outstanding
 
30,000,000

 
30,000,000



Basic net loss per common unit is calculated by dividing net loss by the weighted-average number of common units outstanding during the period.
Pro forma basic and diluted income (loss) per share has been computed by dividing pro forma net income (loss) attributable to the Partnership by the number of shares of common stock determined as if the shares of common stock issued were outstanding for all periods presented. Management believes that these assumptions provide a reasonable basis for presenting the pro forma effects.