UNITED STATES OF AMERICA

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



FORM 10-Q/A



Amendment No. 1



|x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ---------------------------------------------------------------------------------------



FOR THE QUARTERLY
PERIOD ENDED JUNE 30, 2015



or





|o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------





For the Transition
Period from ______________ to ______________



Commission File Number: 333-179460



Aspirity Holdings LLC

(Exact name of registrant as specified in its
charter)





|Minnesota               |  | 6221 – Commodity Contracts Brokers and Dealers           |  | 27-1658449                          
|----------------------- |  | -------------------------------------------------------- |  | ------------------------------------
|(State of organization) |  | (Primary Standard Industrial Classification Code Number) |  | (IRS Employer Identification Number)



| |  | 16233 Kenyon Avenue, Suite 210
        Lakeville, Minnesota 55044                  |  | 
| |  | ---------------------------------------------------------------------------------- |  | 
| |  | (Address of principal executive offices, zip code)                                 |  | 
| |  |                                                                                    |  | 
| |  | (952) 241-3103                                                                     |  | 
| |  | (Registrant’s telephone number, including area code)                               |  | 
| |  |                                                                                    |  | 
| |  | Twin Cities Power Holdings, LLC                                                    |  | 
| |  | (Former name, former address and former fiscal year, if changed since last report) |  | 





___________________________________________



Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes xNo o



Indicate by check mark whether the registrant
has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).  Yes xNo o



Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or smaller reporting company. See definition of “large
accelerated filer”, “accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange
Act. (Check one):







|Large accelerated filer o | Accelerated filer o | Non-accelerated filer o | Smaller reporting company x
|------------------------- | ------------------- | ----------------------- | ---------------------------



Indicate by check mark whether the registrant
is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes oNo x











EXPLANATORY NOTE



This amendment (Form 10-Q/A) is being provided for the sole purpose
of providing exhibits 10.1, 10.2, 10.3, 10.4 and 10.5 omitted from our Form 10-Q for the period ending June 30, 2015, as filed
on August 14, 2015. No other changes have been made to the Form 10-Q.































2






Part II - Other
Information





Item 6 - Exhibits



|Exhibit Number |  | Description                                                                                                                                                                                                                                                                   
|-------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3.1            |  | Articles of Amendment and Restatement of Aspirity Holdings LLC (formerly known as Twin Cities
    Power Holdings, LLC), effective July 14, 2015 (incorporated by reference to Exhibit 3.1 of the Registrant's Form 8-K filed
    July 15, 2015).                              
|3.2            |  | Amended and Restated Bylaws of Aspirity Holdings LLC (formerly known as Twin Cities Power
    Holdings, LLC), effective July 14, 2015 (incorporated by reference to Exhibit 3.1 of the Registrant's Form 8-K filed July
    15, 2015).                                        
|4.4            |  | Aspirity Holdings LLC (formerly known as Twin Cities Power Holdings, LLC) Renewable Unsecured
    Subordinated Notes Subscription Agreement (incorporated by reference to Exhibit 4.4 to the Registrant's Form 8-K filed July
    20, 2015).                                  
|10.1           |  | Equity Interest Purchase Agreement by and between Angell Energy, LLC and Twin Cities Power
    Holdings, LLC, dated June 1, 2015.                                                                                                                                             
|10.2           |  | Secured Promissory Note, dated as of June 1, 2015, and made by from Angell Energy, LLC in
    favor of Twin Cities Power Holdings, LLC.                                                                                                                                       
|10.3           |  | Security and Guarantee Agreement by and among Angell Energy, LLC, Twin Cities Power, LLC,
    Summit Energy, LLC, and Michael Angell and Twin Cities Power Holdings, LLC, dated as of June 1, 2015.                                                                           
|10.4           |  | Administrative Services Agreement by and between Angell Energy, LLC and Apollo Energy Services,
    LLC, dated as of June 1, 2015.                                                                                                                                            
|10.5           |  | DataLive Software License Agreement by and between Apollo Energy Services, LLC and Angell
    Energy, LLC, dated as of June 1, 2015.                                                                                                                                          
|10.6           |  | Office Sublease Agreement by and between Bell State Bank & Trust and Aspirity Holdings
    LLC (formerly known as Twin Cities Power Holdings, LLC), dated as of June 4, 2015 (incorporated by reference to Exhibit 10.2
    to the Registrant's Form 8-K filed July 20, 2015).
|22.1           |  | Form of Noteholder Solicitation Cover Letter, dated June 2, 2015 (incorporated by reference
    to Exhibit 10.2 to the Registrant's Form 8-K filed June 2, 2015).                                                                                                             
|22.2           |  | Frequently Asked Questions, dated June 2, 2015 (incorporated by reference to Exhibit 10.2
    to the Registrant's Form 8-K filed June 2, 2015).                                                                                                                               
|22.3           |  | Solicitation of Votes from Holders of the Renewable Unsecured Subordinated Notes of Twin Cities
    Power Holdings, LLC, dated June 2, 2015 (incorporated by reference to Exhibit 10.2 to the Registrant's Form 8-K filed June
    2, 2015).                                  
|22.4           |  | Form of Ballot, dated June 2, 2015 (incorporated by reference to Exhibit 10.2 to the Registrant's
    Form 8-K filed June 2, 2015).                                                                                                                                           
|31.1           |  | Certification of Chief Executive Officer, pursuant to Rule 13a-14 and 15d-14 of the Securities
    Exchange Act of 1934.                                                                                                                                                      
|31.1           |  | Certification of Chief Financial Officer, pursuant to Rule 13a-14 and 15d-14 of the Securities
    Exchange Act of 1934.                                                                                                                                                      
|32.1           |  | Certification of Chief Executive Officer and Chief Financial Officer, pursuant to 18 U.S.C.
    Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                           
|101.INS        |  | XBRL Instance Document                                                                                                                                                                                                                                                        
|101.SCH        |  | XBRL Schema Document                                                                                                                                                                                                                                                          
|101.CAL        |  | XBRL Calculation Linkbase Document                                                                                                                                                                                                                                            
|101.DEF        |  | XBRL Definition Linkbase Document                                                                                                                                                                                                                                             
|101.LAB        |  | XBRL Labels Linkbase Document                                                                                                                                                                                                                                                 
|101.PRE        |  | XBRL Presentation Linkbase Document                                                                                                                                                                                                                                           









3







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 thereto duly authorized.



|                       |  |     |  | TWIN CITIES POWER HOLDINGS, LLC                                                                  
|---------------------- |  | --- |  | -------------------------------------------------------------------------------------------------
|                       |  |     |  |                                                                                                  
|                       |  |     |  | /S/ Timothy S. Krieger                                                                           
|Dated: August 17, 2015 |  | By: |  | Timothy S. Krieger                                                                               
|                       |  |     |  | Chief Executive Officer, President and Chairman of the Board (principal executive officer)       
|                       |  |     |  |                                                                                                  
|                       |  |     |  | /S/ Wiley H. Sharp III                                                                           
|Dated: August 17, 2015 |  | By: |  | Wiley H. Sharp III                                                                               
|                       |  |     |  | Vice President – Finance and Chief Financial Officer (principal accounting and financial officer)





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