Attached files
| file | filename |
|---|---|
| EX-21 - ASPIRITY HOLDINGS LLC | ex21.htm |
| EX-3.1 - ASPIRITY HOLDINGS LLC | ex3-1.htm |
| EX-4.1 - ASPIRITY HOLDINGS LLC | ex4-1.htm |
| EX-10.2 - ASPIRITY HOLDINGS LLC | ex10-2.htm |
| EX-32.1 - ASPIRITY HOLDINGS LLC | ex32-1.htm |
| EX-12.1 - ASPIRITY HOLDINGS LLC | ex12-1.htm |
| EX-23.1 - ASPIRITY HOLDINGS LLC | ex23-1.htm |
| EX-31.1 - ASPIRITY HOLDINGS LLC | ex31-1.htm |
| EX-10.11 - ASPIRITY HOLDINGS LLC | ex10-11.htm |
| EX-10.12 - ASPIRITY HOLDINGS LLC | ex10-12.htm |
| 10-K - ASPIRITY HOLDINGS LLC | form10-k.htm |
| EX-31.2 - ASPIRITY HOLDINGS LLC | ex31-2.htm |
Exhibit 12.2 - Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions
Aspirity Holdings LLC and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions
| For the Years Ended December 31, | ||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | |||||||||||||
| Earnings | ||||||||||||||||
| Income (loss) before income taxes | $ | (4,809,043 | ) | $ | 3,779,184 | $ | 3,779,184 | $ | 2,140,139 | |||||||
| + Fixed Charges | 4,510,917 | 3,120,994 | 3,043,891 | 2,221,587 | ||||||||||||
| = Earnings | $ | (298,126 | ) | $ | 6,900,178 | $ | 6,823,075 | $ | 4,361,726 | |||||||
| Fixed Charges | ||||||||||||||||
| Interest expense | $ | 3,568,707 | $ | 2,293,376 | $ | 2,293,376 | $ | 1,501,935 | ||||||||
| + Approximation of interest in rental expense (1) | 164,627 | 147,731 | 150,023 | 165,605 | ||||||||||||
| + Amortization of deferred financing costs (2) | 228,511 | 130,815 | 51,420 | 5,011 | ||||||||||||
| + Distributions - preferred (3) | 549,072 | 549,072 | 549,072 | 549,036 | ||||||||||||
| = Fixed Charges | $ | 4,510,917 | $ | 3,120,994 | $ | 3,043,891 | $ | 2,221,587 | ||||||||
| Ratio of Earnings to Fixed Charges and Preferred Distributions | -0.07 | x | 2.21 | x | 2.24 | x | 1.96 | x | ||||||||
| 1 - “Approximation of interest in rental expense” is equal to one-third of total operating lease rental expense as reported in the notes to the consolidated financial statements, with the remaining two-thirds considered to be depreciation. Total operating lease expense is as follows: |
| Total lease expense | $ | 493,880 | $ | 443,193 | $ | 450,069 | $ | 496,816 |
| 2 - As reported in the notes to the consolidated financial statements. |
| 3 - As reported in on the consolidated statements of cash flows. |