10-Q Filing

AIR T INC CIK: 353184 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000353184-21-000065`
Period End Date	20210630
Filing Date	20210812
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	airt-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 38 Cash Flow Statement 60 Stockholders Equity 17 Comprehensive Income 16

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.51M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.18M	USD	Point-in-time
Assets on lease, accumulated depreciation	`FinanceLeaseRightOfUseAssetAccumulatedAmortization`	$436.00K	USD	Point-in-time
Assets on lease, accumulated depreciation	`FinanceLeaseRightOfUseAssetAccumulatedAmortization`	$562.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.00M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.51M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.08M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.29M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.41M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.93M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.34M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$1.51M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$964.00K	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,515 and $1,177	`AccountsReceivableNetCurrent`	$10.91M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,515 and $1,177	`AccountsReceivableNetCurrent`	$6.50M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.02M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.39M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.02M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.39M	USD	Point-in-time
Inventories, net	`InventoryNet`	$75.77M	USD	Point-in-time
Inventories, net	`InventoryNet`	$71.97M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.88M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.88M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	140,892.00	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.67M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	140,892.00	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.07M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$109.43M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$105.77M	USD	Point-in-time
Treasury stock average price (in dollars per share)	`TreasuryStockAveragePricePerShare`	$18.58	USD	Point-in-time
Treasury stock average price (in dollars per share)	`TreasuryStockAveragePricePerShare`	$18.58	USD	Point-in-time
Assets on lease or held for lease, net of accumulated depreciation of $562 and $436	`FinanceLeaseRightOfUseAsset`	$2.13M	USD	Point-in-time
Assets on lease or held for lease, net of accumulated depreciation of $562 and $436	`FinanceLeaseRightOfUseAsset`	$2.00M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $4,622 and $4,510	`PropertyPlantAndEquipmentNet`	$8.46M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $4,622 and $4,510	`PropertyPlantAndEquipmentNet`	$8.52M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$7.76M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$7.33M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$4.47M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$5.64M	USD	Point-in-time
Goodwill	`Goodwill`	$4.23M	USD	Point-in-time
Goodwill	`Goodwill`	$4.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.03M	USD	Point-in-time
Total Assets	`Assets`	$145.12M	USD	Point-in-time
Total Assets	`Assets`	$140.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.34M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$39.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$39.00K	USD	Point-in-time
Accrued expenses and other (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$9.78M	USD	Point-in-time
Accrued expenses and other (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.79M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$5.64M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$9.54M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.37M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.31M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$28.18M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$30.25M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$81.86M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$83.80M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$593.00K	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$595.00K	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$7.08M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$6.76M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.83M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.73M	USD	Point-in-time
Total Liabilities	`Liabilities`	$123.24M	USD	Point-in-time
Total Liabilities	`Liabilities`	$119.44M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$6.60M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$7.00M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 3,022,745 shares issued, 2,881,853 shares outstanding	`CommonStockValue`	$756.00K	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 3,022,745 shares issued, 2,881,853 shares outstanding	`CommonStockValue`	$756.00K	USD	Point-in-time
Treasury stock, 140,892 shares at $18.58	`TreasuryStockValue`	$2.62M	USD	Point-in-time
Treasury stock, 140,892 shares at $18.58	`TreasuryStockValue`	$2.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-723.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-684.00K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$13.74M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$13.72M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.14M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$989.00K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.50M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.01M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.88M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$140.75M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$145.12M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$36.97M	USD	1 Quarter
Total revenue	`Revenues`	$36.97M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$609.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$380.00K	USD	1 Quarter
Loss (Gain) on sale of property and equipment	`GainLossOnDispositionOfAssets`	$2.00K	USD	1 Quarter
Loss (Gain) on sale of property and equipment	`GainLossOnDispositionOfAssets`	$-3.00K	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$37.24M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$36.97M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-266.00K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-4.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$939.00K	USD	1 Quarter
Gain (Loss) from equity method investments	`IncomeLossFromEquityMethodInvestments`	$-558.00K	USD	1 Quarter
Gain (Loss) from equity method investments	`IncomeLossFromEquityMethodInvestments`	$83.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$1.18M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$729.00K	USD	1 Quarter
Nonoperating income (expense)	`NonoperatingIncomeExpense`	$326.00K	USD	1 Quarter
Nonoperating income (expense)	`NonoperatingIncomeExpense`	$-990.00K	USD	1 Quarter
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$322.00K	USD	1 Quarter
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.26M	USD	1 Quarter
Income Taxes Benefit	`IncomeTaxExpenseBenefit`	$-5.00K	USD	1 Quarter
Income Taxes Benefit	`IncomeTaxExpenseBenefit`	$-300.00K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$327.00K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-956.00K	USD	1 Quarter
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$38.00K	USD	1 Quarter
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-115.00K	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$289.00K	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-841.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.88M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.89M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.88M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`ProfitLoss`	$327.00K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-956.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$380.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$609.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-369.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$492.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.57M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.75M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.29M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$663.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.14M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.19M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$971.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-941.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.09M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.82M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.33M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$482.00K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$658.00K	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireHeldToMaturitySecurities`	$1.08M	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	1 Quarter
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$586.00K	USD	1 Quarter
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$136.00K	USD	1 Quarter
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	$60.00K	USD	1 Quarter
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$78.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$228.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.45M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-548.00K	USD	1 Quarter
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$14.16M	USD	1 Quarter
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$8.01M	USD	1 Quarter
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$11.64M	USD	1 Quarter
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$18.20M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$9.48M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$2.44M	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$1.04M	USD	1 Quarter
Proceeds from Payroll Protection Program loan ("PPP loan")	`ProceedsFromNotesPayable`	$8.21M	USD	1 Quarter
Proceeds from Payroll Protection Program loan ("PPP loan")	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds received from issuance of Trust Preferred Securities ("TruPs")	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds received from issuance of Trust Preferred Securities ("TruPs")	`ProceedsFromWarrantExercises`	$4.29M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-17.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$50.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.82M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.04M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-49.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-72.00K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.50M	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.08M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.43M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.66M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.43M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.66M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.50M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.88M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time
Net income (loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-846.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$442.00K	USD	1 Quarter
Unrealized gain (loss) on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$11.00K	USD	1 Quarter
Unrealized gain (loss) on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-26.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-67.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-49.00K	USD	1 Quarter
Adjustment to fair value of redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-429.00K	USD	1 Quarter
Adjustment to fair value of redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$238.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$1.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.50M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.88M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`ProfitLoss`	$327.00K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-956.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-67.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-49.00K	USD	1 Quarter
Unrealized gain (loss) on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$11.00K	USD	1 Quarter
Unrealized gain (loss) on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-26.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	-	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-1.00K	USD	1 Quarter
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-93.00K	USD	1 Quarter
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-39.00K	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$288.00K	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.05M	USD	1 Quarter
Comprehensive (Income) Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$38.00K	USD	1 Quarter
Comprehensive (Income) Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-115.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$250.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-934.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.