LOSS PER COMMON UNIT

9 Months Ended

Sep. 30, 2014

NOTE C – Loss Per Common UNIT

Net loss per Common Unit is computed on the weighted average number of Common Units outstanding in accordance with ASC 260. During periods in which we incur losses, giving effect to common unit equivalents is not included in the computation as it would be antidilutive. The following tables present reconciliations from net loss per Common Unit to net loss per Common Unit assuming dilution (see Note F – Unit Options and Equity Incentive Plan):

	For the three months ended September 30, 2013
	(Loss)		Units		Per-Unit
	(Numerator)		(Denominator)		Amount

Net (loss) available to the Common Units	$	(111,000)
Basic EPS
Net (loss) available to the Common Units		(111,000)		16,066,482	$	(0.01)
Effect of Dilutive Securities
Options		—		—
Diluted EPS
Net (loss) available to the Common Units		N/A		N/A		N/A

	For the three months ended September 30, 2014
	(Loss)		Units		Per-Unit
	(Numerator)		(Denominator)		Amount
Net (loss) available to the Common Unit	$	(130,000)
Basic EPS
Net (loss) available to the Common Units		(130,000)		19,591,482	$	(0.01)
Effect of Dilutive Securities
Options		—		—
Diluted EPS
Net income available to the Common Units		N/A		N/A		N/A

	For the nine months ended September 30, 2013
	(Loss)		Units		Per-Unit
	(Numerator)		(Denominator)		Amount
Net (loss) available to the Common Units	$	(195,000)
Basic EPS
Net (loss) available to the Common Units		(195,000)		16,066,482	$	(0.01)
Effect of Dilutive Securities
Options		—		—
Diluted EPS
Net income available to the Common Units		N/A		N/A		N/A

	For the nine months ended September 30, 2014
	(Loss)		Units		Per-Unit
	(Numerator)		(Denominator)		Amount
Net (loss) available to the Common Units	$	(529,000)
Basic EPS
Net (loss) available to the Common Units		(529,000)		19,299,815	$	(0.03)
Effect of Dilutive Securities
Options		—		—
Diluted EPS
Net (loss) available to the Common Units		N/A		N/A		N/A

Allocation of Net Income

Our net loss is allocated to partners’ capital accounts in accordance with the provisions of the partnership agreement.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

CENTRAL ENERGY PARTNERS LP 10-Q