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Capital leases (Tables)

3 Months Ended

Mar. 31, 2016

Leases [Abstract]

Schedule Of Capital Lease Obligations

Ardmore has reclassified these two vessels as vessels held for sale, effective November 2015 and no longer depreciates these vessels.

		As at
		Mar 31, 2016			Dec 31, 2015
Current portion of capital lease obligations			26,653,535			27,097,348
Current portion of deferred finance fees			(414,282)			(325,437)
Total capital lease obligations			26,239,253			26,771,911

Schedule Of Future Minimum Lease Payments for Capital Leases

The future minimum lease payments required under the capital leases at March 31, 2016, are as follows:

		As at
		Mar 31, 2016
2016			27,164,804
Total minimum lease payments			27,164,804
Less amount representing interest			(511,269)
Less amounts representing deferred finance fees			(414,282)
Net minimum lease payments			26,239,253

Schedule of Capital Leased Assets

Assets recorded under capital leases are included in vessels held for sale and consist of the following at March 31, 2016:

		As at
		Mar 31, 2016			Dec 31, 2015
Vessels held for sale			37,083,985			37,083,985
			37,083,985			37,083,985

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- References

No definition available.

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- Definition

Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737

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- Definition

Tabular disclosure of the components of the investment in leveraged leases.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25496975&loc=d3e45424-112738

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- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737

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