ASPIRITY HOLDINGS LLC - FORM 10-K - EX-12.2

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,
		2016			2015			2014			2013
Earnings
Income (loss)	$	(12,893,709	)	$	(8,861,741	)	$	3,779,184		$	2,140,139
+ Fixed Charges		5,598,523			4,510,917			3,120,994			3,043,891

= Earnings	$	(7,295,187	)	$	(4,350,825	)	$	6,900,178		$	5,184,030

Fixed Charges (2)
Interest expense	$	4,893,792		$	3,568,707		$	2,293,376		$	2,293,376
+ Approximation of interest in rental expense (3)		81,896			164,627			147,731			150,023
+ Amortization of deferred financing costs		73,763			228,511			130,815			51,420
+ Distributions - preferred (4)		549,072			549,072			549,072			549,072

= Fixed Charges	$	5,598,523		$	4,510,917		$	3,120,994		$	3,043,891

Ratio of Earnings to Fixed Charges and Preferred Distributions		--(5)			--(6)			2.21	x		1.70	x

1 - Amounts for 2014 and 2013 include discontinued operations, which are excluded from 2015 and 2016 amounts

2 - Amounts include discontinued operations (through March 30, 2016 for FY 2016 amounts)

3 - "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	$	245,689	$	493,880	$	443,193	$	450,069

4 - As reported in on the consolidated statements of cash flows

5 - Due to the losses in 2016, earnings were insufficient by $12,893,709 to cover fixed charges for the twelve months ended December 31, 2016.

6 - Due to the losses in 2015, earnings were insufficient by $8,861,741 to cover fixed charges for the twelve months ended December 31, 2015.

ASPIRITY HOLDINGS LLC - FORM 10-K - EX-12.2 - April 28, 2017