Note 2 - Basis of Consolidation and Presentation

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Basis of Accounting [Text Block]

2. BASIS OF CONSOLIDATION AND PRESENTATION

The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).  The condensed consolidated balance sheet as of

September 30, 2019

, the condensed consolidated statements of operations for the

three

and

nine

months ended

September 30, 2018

and

2019

, the condensed consolidated statements of changes in partners’ capital (deficit) for the

three

and

nine

months ended

September 30, 2018

and

2019

, and the condensed consolidated statements of cash flows for the

nine

months ended

September 30, 2018

and

2019

, are unaudited.  In the opinion of management, the unaudited condensed consolidated financial statements have been prepared on the same basis as the audited financial statements and include all adjustments necessary to state fairly the financial position and results of operations for the respective interim periods.  All adjustments are of a recurring nature unless otherwise disclosed herein.  The

2018

year-end condensed consolidated balance sheet data was derived from audited financial statements but does

not

include all disclosures required by GAAP.  These unaudited condensed consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Partnership’s annual report on Form

10

-K for the year ended

December 31, 2018

, filed with the Securities and Exchange Commission (the “SEC”) on

March 

12,

2019

(the “

2018

Form

10

-K”).  Interim financial results are

not

necessarily indicative of the results to be expected for an annual period.  The Partnership’s significant accounting policies are consistent with those disclosed in Note

3

of the Notes to Consolidated Financial Statements in its

2018

Form

10

-K except for new accounting standards adopted in

2019

as discussed Note

3

and Note

13.

Certain reclassifications have been made in the consolidated balance sheet as of

December 31, 2018

, and the consolidated statement of cash flows for the

nine

months ended

September 30, 2018

, to conform to the

2019

financial statement presentation. These reclassifications relate to items included in “Other current assets” and “Other noncurrent assets.” Reclassifications on the consolidated statement of cash flows were limited to the “Cash flows from operating activities” section. The reclassifications have

no

impact on net income.