Cannot see adb logs of android wear app on Android Studio Logcat

Question

I'm able to connect my moto 360 device through Android Wear app on my phone. I've followed Debugging over Bluetooth article and used below commands to connect wearable.

adb forward tcp:4444 localabstract:/adb-hub

adb connect 127.0.0.1:4444

and everything works fine, but when I try to run my app, locat shows an error as soons as App gets installed on wearable.

I've tried to use other available port numbers but no luck. Here is the error I see on logcat. Let me know if I'm missing anything here.

Thanks in advance.

 E/fd: IO Error creating local socket at com.sample.wearapp
                                 java.io.IOException: Address already in use
                                     at android.net.LocalSocketImpl.bindLocal(Native Method)
                                     at android.net.LocalSocketImpl.bind(LocalSocketImpl.java:306)
                                     at android.net.LocalServerSocket.<init>(LocalServerSocket.java:48)
                                     at com.android.tools.fd.runtime.Server.<init>(Server.java:82)
                                     at com.android.tools.fd.runtime.Server.create(Server.java:76)
                                     at com.android.tools.fd.runtime.BootstrapApplication.onCreate(BootstrapApplication.java:290)
                                     at android.app.Instrumentation.callApplicationOnCreate(Instrumentation.java:1013)
                                     at android.app.ActivityThread.handleBindApplication(ActivityThread.java:4712)
                                     at android.app.ActivityThread.-wrap1(ActivityThread.java)
                                     at android.app.ActivityThread$H.handleMessage(ActivityThread.java:1405)
                                     at android.os.Handler.dispatchMessage(Handler.java:102)
                                     at android.os.Looper.loop(Looper.java:148)
                                     at android.app.ActivityThread.main(ActivityThread.java:5422)
                                     at java.lang.reflect.Method.invoke(Native Method)
                                     at com.android.internal.os.ZygoteInit$MethodAndArgsCaller.run(ZygoteInit.java:726)
                                     at com.android.internal.os.ZygoteInit.main(ZygoteInit.java:616)