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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): December 28, 2023

Evolve Transition Infrastructure LP
(Exact name of registrant as specified in its charter)

Delaware001-3314711-3742489
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

1360 Post Oak Blvd, Suite 2400
Houston, TX
77056
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (713) 783-8000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Units representing limited partner interestsSNMPNYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01 Entry into a Material Definitive Agreement.
On December 28, 2023, Evolve Transition Infrastructure LP (the “Partnership”) completed the sale of its 50% membership interest (the “Carnero Interest”) in Carnero G&P LLC (“Carnero”) to Targa LP Inc. (the “Buyer”) pursuant to a membership interest purchase agreement, dated as of December 28, 2023 (the “Agreement”), between the Partnership and the Buyer. The purchase price for the Carnero Interest was $27.0 million (the “Cash Consideration”). In addition to the Cash Consideration, the Buyer will make an additional cash payment to the Partnership, which will equal 20% of any cash award, less costs and expenses actually incurred by Carnero, received by Carnero with respect to claims asserted by Carnero pursuant to a third-party commercial agreement. The Partnership intends to use the net proceeds from the transaction to repay borrowings outstanding under the Partnership’s credit facility and for general working capital purposes. The Agreement contains customary representations, warranties, covenants and indemnification provisions, subject to specified limitations.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by the full text of the Agreement, a copy of which will be filed by the Partnership with its Annual Report on Form 10-K for the year ended December 31, 2023.
Item 9.01 Financial Statements and Exhibits
(b) Pro Forma Financial Information
The following unaudited pro forma financial information of the Partnership is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference:
•unaudited pro forma condensed consolidated statements of operations for the nine months ended September 30, 2023, and the year ended December 31, 2022; and
•unaudited pro forma condensed consolidated balance sheets as of September 30, 2023, and December 31, 2022.
(d) Exhibits.
Exhibit No.
Description
99.1
104Cover Page Interactive Data File (formatted as Inline XBRL).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EVOLVE TRANSITION INFRASTRUCTURE LP
By: Evolve Transition Infrastructure GP LLC,
its general partner
Date: January 2, 2024
By:/s/ Charles C. Ward
Charles C. Ward
Interim Chief Executive Officer, Chief Financial Officer and Secretary

Exhibit 99.1
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
On December 28, 2023, Evolve Transition Infrastructure LP (the “Partnership”) completed the sale of its 50% membership interest (the “Carnero Interest”) in Carnero G&P LLC (“Carnero”) to Targa LP Inc. (the “Buyer”) pursuant to a membership interest purchase agreement, dated as of December 28, 2023 (the “Agreement”), between the Partnership and the Buyer. The purchase price for the Carnero Interest was $27.0 million (the “Cash Consideration”). In addition to the Cash Consideration, the Buyer will make an additional cash payment to the Partnership, which will equal 20% of any cash award, less costs and expenses actually incurred by Carnero, received by Carnero with respect to claims asserted by Carnero pursuant to a third-party commercial agreement. The Partnership intends to use the net proceeds from the transaction to repay borrowings outstanding under the Partnership’s credit facility and for general working capital purposes. The Agreement contains customary representations, warranties, covenants and indemnification provisions, subject to specified limitations.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by the full text of the Agreement, a copy of which will be filed by the Partnership with its Annual Report on Form 10-K for the year ended December 31, 2023.
The unaudited pro forma condensed consolidated statements of operations for each of the nine months ended September 30, 2023 and the year ended December 31, 2022 as if the sale had occurred on January 1, 2022. All adjustments shown on the unaudited pro forma condensed consolidated financial statements of operations are transaction accounting adjustments.
The following unaudited pro forma condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022 is presented as if the sale had occurred on January 1, 2022.


EVOLVE TRANSITION INFRASTRUCTURE LP and SUBSIDIARIES
Unaudited Pro Forma Condensed Consolidated Statements of Operations
(In thousands, except unit data)
Nine Months Ended
September 30, 2023
As ReportedPro Forma AdjustmentsPro Forma
Revenues
Gathering and transportation lease revenues$18,332 $— $18,332 
Total revenues18,332 — 18,332 
Expenses
Operating expenses
Transportation operating expenses7,450 — 7,450 
General and administrative expenses6,313 — 6,313 
General and administrative (benefit) expense - related entities(1,163)42 (a)(1,121)
Unit-based compensation expense33 — 33 
Depreciation and amortization 13,296 — 13,296 
Accretion expense 340 — 340 
Total operating expenses26,269 42 26,311 
Other (income) expense
Interest expense, net1,435 (930)(b)505 
Interest expense, net - related entities43,751 — 43,751 
(Earnings) loss from equity investment(1,436)1,436 (c)— 
Other income(2)— (2)
Total other expenses43,748 506 44,254 
Total expenses70,017 548 70,565 
Loss before income taxes(51,685)(548)(52,233)
Income tax expense54 — 54 
Net loss$(51,739)$(548)$(52,287)
Net loss per unit prior to conversion
Common units - Basic and Diluted$(0.23)$— $(0.23)
Weighted Average Units Outstanding prior to conversion
Common units - Basic and Diluted228,596,208 228,596,208 228,596,208 
Net loss per unit after conversion(1)
Common units - Basic and Diluted$(6.82)$(0.07)$(6.89)
Weighted Average Units Outstanding after conversion(1)
Common units - Basic and Diluted7,589,082 7,589,082 7,589,082 
(1) Amounts adjusted for the Reverse Split on July 17, 2023.



EVOLVE TRANSITION INFRASTRUCTURE LP and SUBSIDIARIES
Unaudited Pro Forma Condensed Consolidated Statements of Operations
(In thousands, except unit data)
Year Ended
December 31, 2022
As ReportedPro Forma AdjustmentsPro Forma
Revenues
Gathering and transportation lease revenues$36,109$—$36,109
Total revenues36,109— 36,109
Expenses
Operating expenses
Transportation operating expenses9,877— 9,877
General and administrative expenses12,404— 12,404
General and administrative benefit - related entities(6,375)(110)(a)(6,485)
Unit-based compensation expense53— 53
Loss (gain) on sale of assets4,408(6,802)(d)(2,394)
Depreciation and amortization 18,516— 18,516
Accretion expense 421— 421
Total operating expenses39,304(6,912)32,392
Other (income) expense
Interest expense, net1,924(967)(b)957
Interest expense, net - related entities53,306— 53,306
(Earnings) loss from equity investment(6,139)6,139 (e)—
Other expense719 — 719 
Total other expenses49,8105,172 54,982
Total expenses89,114(1,740)87,374
Loss before income taxes(53,005)1,740 (51,265)
Income tax expense132 54 (f)186 
Net loss$(53,137)$1,686 $(51,451)
Net loss per unit prior to conversion
Common units - Basic and Diluted$(0.35)$0.01 $(0.34)
Weighted Average Units Outstanding prior to conversion
Common units - Basic and Diluted152,638,640 152,638,640 152,638,640 
Net loss per unit after conversion(1)
Common units - Basic and Diluted$(10.44)$0.33 $(10.11)
Weighted Average Units Outstanding after conversion(1)
Common units - Basic and Diluted5,087,955 5,087,955 5,087,955 
(1) Amounts adjusted for the Reverse Split on July 17, 2023.


EVOLVE TRANSITION INFRASTRUCTURE LP and SUBSIDIARIES
Unaudited Pro Forma Condensed Consolidated Balance Sheets
(In thousands, except unit data)
September 30,
2023
As ReportedPro Forma AdjustmentsPro Forma
ASSETS
Current assets
Cash and cash equivalents $2,122 $1,897 (b)$4,019 
Accounts receivable 4,117 — 4,117 
Prepaid expenses 606 — 606 
Deferred lease incentive1,122 — 1,122 
Total current assets7,967 1,8979,864 
Gathering and transportation assets, net83,962 — 83,962 
Intangible assets, net98,541 — 98,541 
Equity investments14,696 (14,696)(c)(g)— 
Deferred lease incentive, net8,972 — 8,972 
Right of use assets, net3,938 — 3,938 
Other non-current assets 50 — 50 
Total assets$218,126 $(12,799)$205,327 
LIABILITIES AND PARTNERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities $3,399 $54 (f)$3,453 
Other current liabilities359 — 359 
Short-term debt, net of debt issuance costs— — — 
Class C preferred units - related entities442,157 — 442,157 
Short-term lease liabilities2,286 — 2,286 
Total current liabilities448,201 54448,255 
Other liabilities
Accrued shared services fees - related entities2,677 (68)(a)2,609 
Asset retirement obligation 5,461 — 5,461 
Long-term debt, net of discount and debt issuance costs17,049 (13,923)(g)3,126 
Long-term lease liabilities1,048 — 1,048 
Stonepeak warrant - related entities1,328 — 1,328 
Other liabilities303 — 303 
Total other liabilities27,866 (13,991)13,875 
Total liabilities476,067 (13,937)462,130 
Commitments and contingencies
Partners’ deficit
Common units, 8,443,516(1) units issued and outstanding as of September 30, 2023
(257,941)1,138 (h)(256,803)
Total partners’ deficit
(257,941)1,138 (256,803)
Total liabilities and partners’ deficit
$218,126 $(12,799)$205,327 
(1) Amounts adjusted for the Reverse Split on July 17, 2023.



EVOLVE TRANSITION INFRASTRUCTURE LP and SUBSIDIARIES
Unaudited Pro Forma Condensed Consolidated Balance Sheets
(In thousands, except unit data)
December 31,
2022
As ReportedPro Forma AdjustmentsPro Forma
ASSETS
Current assets
Cash and cash equivalents $2,785 $967 (b)$3,752 
Accounts receivable 2,415 — 2,415 
Prepaid expenses 371 — 371 
Deferred lease incentive1,122 — 1,122 
Total current assets6,693 9677,660 
Gathering and transportation assets, net87,478 — 87,478 
Intangible assets, net106,752 — 106,752 
Equity investments14,964 (14,964)(d)(e)(i)(j)— 
Deferred lease incentive, net9,813 — 9,813 
Right of use assets, net5,899 — 5,899 
Other non-current assets 75 — 75 
Total assets$231,674 $(13,997)$217,677 
LIABILITIES AND PARTNERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities $4,675 $54 (f)$4,729 
Other current liabilities438 — 438 
Short-term debt, net of debt issuance costs19,793 (15,627)(d)(i)(j)4,166 
Class C preferred units - related entities411,800 — 411,800 
Short-term lease liabilities2,204 — 2,204 
Total current liabilities438,910 (15,573)423,337 
Other liabilities
Accrued shared services fees - related entities3,839 (110)(a)3,729 
Asset retirement obligation 5,121 — 5,121 
Long-term lease liabilities2,773 — 2,773 
Stonepeak warrant - related entities2,853 — 2,853 
Other liabilities287 — 287 
Total other liabilities14,873 (110)14,763 
Total liabilities453,783 (15,683)438,100 
Commitments and contingencies
Partners’ deficit
Common units, 7,510,186(1) units issued and outstanding as of December 31, 2022
(222,109)1,686 (h)(220,423)
Total partners’ deficit
(222,109)1,686 (220,423)
Total liabilities and partners’ deficit
$231,674 $(13,997)$217,677 
(1) Amounts adjusted for the Reverse Split on July 17, 2023.


NOTES TO THE UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The following items resulted in transaction accounting adjustments in the unaudited pro forma condensed consolidated financial information:
(a)    Adjustment represents removal of Carnero JV from the shared services fee.
(b)    Adjustment represents reduction of interest paid as a result of debt reduction.
(c)    Adjustment represents income recorded during 2023 from the Targa JV.
(d)    Adjustment represents the sale of the Targa JV on January 1, 2022.
(e)    Adjustment represents income recorded during 2022 from the Targa JV.
(f)     Adjustment reflects the income tax impact on the sale of the Targa JV.
(g)    Adjustment represents distributions received during 2023 from the Targa JV.
(h)    Represents the effect of adjustments in notes (a) through (f) on partners’ deficit.
(i)    Adjustment represents distributions received during 2022 from the Targa JV.
(j)    Adjustment represents contributions made during 2022 to the Targa JV.

v3.23.4
Cover
Dec. 28, 2023
Cover [Abstract]  
Document Type 8-K
Document Period End Date Dec. 28, 2023
Entity Registrant Name Evolve Transition Infrastructure LP
Entity Incorporation, State or Country Code DE
Entity File Number 001-33147
Entity Tax Identification Number 11-3742489
Entity Address, Address Line One 1360 Post Oak Blvd
Entity Address, Address Line Two Suite 2400
Entity Address, Postal Zip Code 77056
Entity Address, City or Town Houston
Entity Address, State or Province TX
City Area Code 713
Local Phone Number 783-8000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Units representing limited partner interests
Trading Symbol SNMP
Security Exchange Name NYSEAMER
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001362705
v3.23.4
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Revenues    
Gathering and transportation lease revenues $ 18,332 $ 36,109
Total revenues 18,332 36,109
Operating expenses    
Transportation operating expenses 7,450 9,877
General and administrative expenses 6,313 12,404
General and administrative (benefit) expense - related entities (1,163) (6,375)
Unit-based compensation expense 33 53
Loss (gain) on sale of assets   4,408
Depreciation and amortization 13,296 18,516
Accretion expense 340 421
Total operating expenses 26,269 39,304
Other (income) expense    
(Earnings) loss from equity investment (1,436) (6,139)
Other income (2) 719
Total other expenses 43,748 49,810
Total expenses 70,017 89,114
Loss before income taxes (51,685) (53,005)
Income tax expense 54 132
Net loss $ (51,739) $ (53,137)
Net loss per unit prior to conversion    
Common units - Basic (in dollars per share) $ (0.23) $ (0.35)
Common units - Diluted (in dollars per share) $ (0.23) $ (0.35)
Weighted Average Units Outstanding prior to conversion    
Common units - Basic (in shares) 228,596,208 152,638,640
Common units - Diluted (in shares) 228,596,208 152,638,640
Net loss per unit after conversion    
Common units - Basic (in dollars per share) [1] $ (6.82) $ (10.44)
Common units - Diluted (in dollars per share) [1] $ (6.82) $ (10.44)
Weighted Average Units Outstanding after conversion    
Common units - Basic (in shares) [1] 7,589,082 5,087,955
Common units - Diluted (in shares) [1] 7,589,082 5,087,955
Pro Forma Adjustments    
Revenues    
Gathering and transportation lease revenues $ 0 $ 0
Total revenues 0 0
Operating expenses    
Transportation operating expenses 0 0
General and administrative expenses 0 0
General and administrative (benefit) expense - related entities 42 (110)
Unit-based compensation expense 0 0
Loss (gain) on sale of assets   (6,802)
Depreciation and amortization 0 0
Accretion expense 0 0
Total operating expenses 42 (6,912)
Other (income) expense    
(Earnings) loss from equity investment 1,436 6,139
Other income 0 0
Total other expenses 506 5,172
Total expenses 548 (1,740)
Loss before income taxes (548) 1,740
Income tax expense 0 54
Net loss $ (548) $ 1,686
Net loss per unit prior to conversion    
Common units - Basic (in dollars per share) $ 0 $ 0.01
Common units - Diluted (in dollars per share) $ 0 $ 0.01
Weighted Average Units Outstanding prior to conversion    
Common units - Basic (in shares) 228,596,208 152,638,640
Common units - Diluted (in shares) 228,596,208 152,638,640
Net loss per unit after conversion    
Common units - Basic (in dollars per share) [1] $ (0.07) $ 0.33
Common units - Diluted (in dollars per share) [1] $ (0.07) $ 0.33
Weighted Average Units Outstanding after conversion    
Common units - Basic (in shares) [1] 7,589,082 5,087,955
Common units - Diluted (in shares) [1] 7,589,082 5,087,955
Pro Forma    
Revenues    
Gathering and transportation lease revenues $ 18,332 $ 36,109
Total revenues 18,332 36,109
Operating expenses    
Transportation operating expenses 7,450 9,877
General and administrative expenses 6,313 12,404
General and administrative (benefit) expense - related entities (1,121) (6,485)
Unit-based compensation expense 33 53
Loss (gain) on sale of assets   (2,394)
Depreciation and amortization 13,296 18,516
Accretion expense 340 421
Total operating expenses 26,311 32,392
Other (income) expense    
(Earnings) loss from equity investment 0 0
Other income (2) 719
Total other expenses 44,254 54,982
Total expenses 70,565 87,374
Loss before income taxes (52,233) (51,265)
Income tax expense 54 186
Net loss $ (52,287) $ (51,451)
Net loss per unit prior to conversion    
Common units - Basic (in dollars per share) $ (0.23) $ (0.34)
Common units - Diluted (in dollars per share) $ (0.23) $ (0.34)
Weighted Average Units Outstanding prior to conversion    
Common units - Basic (in shares) 228,596,208 152,638,640
Common units - Diluted (in shares) 228,596,208 152,638,640
Net loss per unit after conversion    
Common units - Basic (in dollars per share) [1] $ (6.89) $ (10.11)
Common units - Diluted (in dollars per share) [1] $ (6.89) $ (10.11)
Weighted Average Units Outstanding after conversion    
Common units - Basic (in shares) [1] 7,589,082 5,087,955
Common units - Diluted (in shares) [1] 7,589,082 5,087,955
Nonrelated Party    
Other (income) expense    
Interest expense, net $ 1,435 $ 1,924
Nonrelated Party | Pro Forma Adjustments    
Other (income) expense    
Interest expense, net (930) (967)
Nonrelated Party | Pro Forma    
Other (income) expense    
Interest expense, net 505 957
Related Party    
Other (income) expense    
Interest expense, net 43,751 53,306
Related Party | Pro Forma Adjustments    
Other (income) expense    
Interest expense, net 0 0
Related Party | Pro Forma    
Other (income) expense    
Interest expense, net $ 43,751 $ 53,306
[1] Amounts adjusted for the Reverse Split on July 17, 2023.
v3.23.4
Unaudited Pro Forma Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 2,122 $ 2,785
Accounts receivable 4,117 2,415
Prepaid expenses 606 371
Deferred lease incentive 1,122 1,122
Total current assets 7,967 6,693
Gathering and transportation assets, net 83,962 87,478
Intangible assets, net 98,541 106,752
Equity investments 14,696 14,964
Deferred lease incentive, net 8,972 9,813
Right of use assets, net 3,938 5,899
Other non-current assets 50 75
Total assets 218,126 231,674
Current liabilities    
Accounts payable and accrued liabilities 3,399 4,675
Other current liabilities 359 438
Short-term debt, net of debt issuance costs 0 19,793
Class C preferred units - related entities 442,157 411,800
Short-term lease liabilities 2,286 2,204
Total current liabilities 448,201 438,910
Other liabilities    
Accrued shared services fees - related entities 2,677 3,839
Asset retirement obligation 5,461 5,121
Long-term debt, net of discount and debt issuance costs 17,049  
Long-term lease liabilities 1,048 2,773
Stonepeak warrant - related entities 1,328 2,853
Other liabilities 303 287
Total other liabilities 27,866 14,873
Total liabilities 476,067 453,783
Commitments and contingencies
Partners’ deficit    
Common units, 8,443,516 and 7,510,186 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively (257,941) (222,109)
Total partners’ deficit (257,941) (222,109)
Total liabilities and partners’ deficit 218,126 231,674
Pro Forma Adjustments    
Current assets    
Cash and cash equivalents 1,897 967
Accounts receivable 0 0
Prepaid expenses 0 0
Deferred lease incentive 0 0
Total current assets 1,897 967
Gathering and transportation assets, net 0 0
Intangible assets, net 0 0
Equity investments (14,696) (14,964)
Deferred lease incentive, net 0 0
Right of use assets, net 0 0
Other non-current assets 0 0
Total assets (12,799) (13,997)
Current liabilities    
Accounts payable and accrued liabilities 54 54
Other current liabilities 0 0
Short-term debt, net of debt issuance costs 0 (15,627)
Class C preferred units - related entities 0 0
Short-term lease liabilities 0 0
Total current liabilities 54 (15,573)
Other liabilities    
Accrued shared services fees - related entities (68) (110)
Asset retirement obligation 0 0
Long-term debt, net of discount and debt issuance costs (13,923)  
Long-term lease liabilities 0 0
Stonepeak warrant - related entities 0 0
Other liabilities 0 0
Total other liabilities (13,991) (110)
Total liabilities (13,937) (15,683)
Commitments and contingencies
Partners’ deficit    
Common units, 8,443,516 and 7,510,186 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 1,138 1,686
Total partners’ deficit 1,138 1,686
Total liabilities and partners’ deficit (12,799) (13,997)
Pro Forma    
Current assets    
Cash and cash equivalents 4,019 3,752
Accounts receivable 4,117 2,415
Prepaid expenses 606 371
Deferred lease incentive 1,122 1,122
Total current assets 9,864 7,660
Gathering and transportation assets, net 83,962 87,478
Intangible assets, net 98,541 106,752
Equity investments 0 0
Deferred lease incentive, net 8,972 9,813
Right of use assets, net 3,938 5,899
Other non-current assets 50 75
Total assets 205,327 217,677
Current liabilities    
Accounts payable and accrued liabilities 3,453 4,729
Other current liabilities 359 438
Short-term debt, net of debt issuance costs 0 4,166
Class C preferred units - related entities 442,157 411,800
Short-term lease liabilities 2,286 2,204
Total current liabilities 448,255 423,337
Other liabilities    
Accrued shared services fees - related entities 2,609 3,729
Asset retirement obligation 5,461 5,121
Long-term debt, net of discount and debt issuance costs 3,126  
Long-term lease liabilities 1,048 2,773
Stonepeak warrant - related entities 1,328 2,853
Other liabilities 303 287
Total other liabilities 13,875 14,763
Total liabilities 462,130 438,100
Commitments and contingencies
Partners’ deficit    
Common units, 8,443,516 and 7,510,186 units issued and outstanding as of September 30, 2023 and December 31, 2022, respectively (256,803) (220,423)
Total partners’ deficit (256,803) (220,423)
Total liabilities and partners’ deficit $ 205,327 $ 217,677
v3.23.4
Unaudited Pro Forma Condensed Consolidated Balance Sheets (Parenthetical) - shares
Sep. 30, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Units, issued (in shares) [1] 8,443,516 7,510,186
Units, outstanding (in shares) [1] 8,443,516 7,510,186
[1] Amounts adjusted for the Reverse Split on July 17, 2023.
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