16. Loss per share

Basic loss per share is calculated by dividing the net loss available to common shareholders by the average number of common shares of Ardmore outstanding during the periods. Diluted earnings per share is calculated by adjusting the net loss available to common shareholders and the weighted average number of common shares used for calculating basic earnings per share for the effects of all potentially dilutive shares. Such dilutive common shares are excluded when the effect would be to increase earnings per share or reduce a loss per share.


	For the year ended
	Dec 31,2013			Dec 31,2012			Dec 31,2011
Numerator:
Net loss available to common shareholders		(3,842,603	)		(4,539,093	)		(2,975,270	)
Denominator:
Weighted average number of shares		12,241,599			8,049,500			8,049,500

Loss per share, basic and diluted		(0.31	)		(0.56	)		(0.37	)