10-K/A Filing

AIR T INC CIK: 353184 FY 2023

Filing Information

Form Type	10-K/A
Accession Number	`0000353184-23-000074`
Period End Date	20230331
Filing Date	20230628
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	airt-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 107 Income Statement 80 Cash Flow Statement 89 Stockholders Equity 33 Comprehensive Income 26

Balance Sheet 107 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.37M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.16M	USD	Point-in-time
Assets on lease, accumulated depreciation	`FinanceLeaseRightOfUseAssetAccumulatedAmortization`	$780.00K	USD	Point-in-time
Assets on lease, accumulated depreciation	`FinanceLeaseRightOfUseAssetAccumulatedAmortization`	$223.00K	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.81M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.41M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$859.00K	USD	Point-in-time
Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.95M	USD	Point-in-time
Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$4.19M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.28M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.75M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$1.69M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$2.16M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	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 $1,160 and $1,368	`AccountsReceivableNetCurrent`	$27.22M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,160 and $1,368	`AccountsReceivableNetCurrent`	$19.68M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.23M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$536.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.03M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.03M	shares	Point-in-time
Inventories, net	`InventoryNet`	$75.17M	USD	Point-in-time
Inventories, net	`InventoryNet`	$71.12M	USD	Point-in-time
Employee retention credit receivable	`EmployeeRetentionCreditReceivableCARESAct`	$940.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Employee retention credit receivable	`EmployeeRetentionCreditReceivableCARESAct`	$9.14M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.87M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.49M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	156,327.00	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.11M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time
Treasury stock, average price per share (in dollars per share)	`TreasuryStockAveragePricePerShare`	$19.62	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$116.56M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$128.24M	USD	Point-in-time
Treasury stock, average price per share (in dollars per share)	`TreasuryStockAveragePricePerShare`	$19.20	USD	Point-in-time
Assets on lease or held for lease, net of accumulated depreciation of $223 and $780	`FinanceLeaseRightOfUseAsset`	$83.00K	USD	Point-in-time
Assets on lease or held for lease, net of accumulated depreciation of $223 and $780	`FinanceLeaseRightOfUseAsset`	$14.51M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $6,624 and $5,405	`PropertyPlantAndEquipmentNet`	$21.44M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $6,624 and $5,405	`PropertyPlantAndEquipmentNet`	$21.21M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $4,191 and $2,947	`IntangibleAssetsNetExcludingGoodwill`	$13.26M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $4,191 and $2,947	`IntangibleAssetsNetExcludingGoodwill`	$12.10M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$11.67M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$7.35M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$13.23M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$9.86M	USD	Point-in-time
Goodwill	`Goodwill`	$10.56M	USD	Point-in-time
Goodwill	`Goodwill`	$10.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.92M	USD	Point-in-time
Total Assets	`Assets`	$189.56M	USD	Point-in-time
Total Assets	`Assets`	$207.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.40M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$304.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$194.00K	USD	Point-in-time
Accrued expenses and other (Note 12)	`AccruedLiabilitiesCurrent`	$13.39M	USD	Point-in-time
Accrued expenses and other (Note 12)	`AccruedLiabilitiesCurrent`	$13.13M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$6.48M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$38.74M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.66M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.44M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$30.91M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$64.29M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$129.33M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$86.35M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$2.42M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$2.81M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$6.73M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$10.77M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$47.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Total Liabilities	`Liabilities`	$163.87M	USD	Point-in-time
Total Liabilities	`Liabilities`	$171.12M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$12.71M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$10.76M	USD	Point-in-time
Commitments and contingencies (Note 24)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 24)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 2,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 2,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,026,495 shares issued, 2,818,374 and 2,866,418 shares outstanding	`CommonStockValue`	$757.00K	USD	Point-in-time
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,026,495 shares issued, 2,818,374 and 2,866,418 shares outstanding	`CommonStockValue`	$756.00K	USD	Point-in-time
Treasury stock, 208,121 at $19.62 and 156,327 shares at $19.20	`TreasuryStockCommonValue`	$4.08M	USD	Point-in-time
Treasury stock, 208,121 at $19.62 and 156,327 shares at $19.20	`TreasuryStockCommonValue`	$3.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$728.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$393.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.73M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-263.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$816.00K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$24.61M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$11.90M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.08M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.10M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.72M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.98M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$207.60M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$189.56M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$36.97M	USD	1 Quarter
Revenue	`Revenues`	$74.38M	USD	1 Quarter
Revenue	`Revenues`	$61.40M	USD	1 Quarter
Revenue	`Revenues`	$60.69M	USD	1 Quarter
Revenue	`Revenues`	$43.24M	USD	1 Quarter
Revenue	`Revenues`	$177.08M	USD	Annual
Revenue	`Revenues`	$51.44M	USD	1 Quarter
Revenue	`Revenues`	$50.86M	USD	1 Quarter
Revenue	`Revenues`	$247.32M	USD	Annual
Revenue	`Revenues`	$45.43M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.82M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$45.38M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.86M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.16M	USD	Annual
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$768.00K	USD	Annual
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$7.32M	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$516.00K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$37.00K	USD	Annual
Loss on sale of property and equipment	`GainLossOnDispositionOfAssets`	$-8.00K	USD	Annual
Loss on sale of property and equipment	`GainLossOnDispositionOfAssets`	$-5.00K	USD	Annual
Operating Expenses	`OperatingExpenses`	$251.73M	USD	Annual
Operating Expenses	`OperatingExpenses`	$168.32M	USD	Annual
Operating (Loss) Income	`OperatingIncomeLoss`	$8.76M	USD	Annual
Operating (Loss) Income	`OperatingIncomeLoss`	$-4.41M	USD	Annual
Interest expense, net	`InterestExpense`	$7.93M	USD	Annual
Interest expense, net	`InterestExpense`	$4.95M	USD	Annual
Gain on forgiveness of PPP	`GainsLossesOnExtinguishmentOfDebt`	$8.33M	USD	Annual
Gain on forgiveness of PPP	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$1.46M	USD	Annual
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$37.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$1.22M	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$-471.00K	USD	Annual
Non-operating income (expense)	`NonoperatingIncomeExpense`	$-6.95M	USD	Annual
Non-operating income (expense)	`NonoperatingIncomeExpense`	$4.64M	USD	Annual
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.35M	USD	Annual
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.40M	USD	Annual
Income Tax Expense	`IncomeTaxExpenseBenefit`	$432.00K	USD	Annual
Income Tax Expense	`IncomeTaxExpenseBenefit`	$1.17M	USD	Annual
Net (Loss) Income	`ProfitLoss`	$-1.19M	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$327.00K	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$12.23M	USD	Annual
Net (Loss) Income	`ProfitLoss`	$-802.00K	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$-11.79M	USD	Annual
Net (Loss) Income	`ProfitLoss`	$8.00M	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$108.00K	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$5.09M	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$-1.34M	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$-9.76M	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$38.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.30M	USD	Annual
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$740.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$448.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$698.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-104.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$73.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$510.00K	USD	Annual
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-715.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$631.00K	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$7.55M	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-12.29M	USD	Annual
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-1.26M	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$289.00K	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-1.23M	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$4.35M	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-9.04M	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-590.00K	USD	1 Quarter
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$10.93M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.44	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.79	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-4.32	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.51	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.78	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-4.32	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.88M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.85M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.85M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.89M	shares	Annual

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-1.19M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$327.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$12.23M	USD	Annual
Net (loss) income	`ProfitLoss`	$-802.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-11.79M	USD	Annual
Net (loss) income	`ProfitLoss`	$8.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$108.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$5.09M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-1.34M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-9.76M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.16M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.86M	USD	Annual
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	$8.33M	USD	Annual
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Income from equity method of investments	`IncomeLossFromEquityMethodInvestments`	$1.46M	USD	Annual
Income from equity method of investments	`IncomeLossFromEquityMethodInvestments`	$37.00K	USD	Annual
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$768.00K	USD	Annual
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$7.32M	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$516.00K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$37.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-769.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-876.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.65M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.29M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-10.16M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$17.60M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.05M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$992.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-893.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-485.00K	USD	Annual
Employee retention credit receivable	`IncreaseDecreaseEmployeeRetentionCreditReceivable`	$-8.20M	USD	Annual
Employee retention credit receivable	`IncreaseDecreaseEmployeeRetentionCreditReceivable`	$9.14M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-5.21M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.66M	USD	Annual
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$-17.38M	USD	Annual
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$40.48M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.08M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.91M	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$815.00K	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.50M	USD	Annual
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.42M	USD	Point-in-time
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.80M	USD	Annual
Investment in unconsolidated entities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$6.80M	USD	Annual
Investment in unconsolidated entities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$3.06M	USD	Annual
Acquisition of assets	`PaymentsForAssetAcquisitions`	$13.41M	USD	Annual
Acquisition of assets	`PaymentsForAssetAcquisitions`	-	USD	Annual
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.18M	USD	Annual
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.53M	USD	Annual
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	-	USD	Annual
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	$28.00K	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-364.00K	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-572.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.39M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.17M	USD	Annual
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$139.33M	USD	Annual
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$99.36M	USD	Annual
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$132.96M	USD	Annual
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$84.55M	USD	Annual
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$10.63M	USD	Annual
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$34.23M	USD	Annual
Payments on term loan	`RepaymentsOfLongTermDebt`	$27.85M	USD	Annual
Payments on term loan	`RepaymentsOfLongTermDebt`	$3.81M	USD	Annual
Proceeds received from issuance of TruPs	`ProceedsFromIssuanceOfTrustPreferredSecurities`	$11.28M	USD	Annual
Proceeds received from issuance of TruPs	`ProceedsFromIssuanceOfTrustPreferredSecurities`	-	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.53M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.75M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$59.25M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.38M	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$361.00K	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-341.00K	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.28M	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.56M	USD	Annual
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`	$7.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.37M	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`	$7.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.37M	USD	Point-in-time
Equipment leased or held for lease transferred to inventory	`EquipmentLeasedToCustomersTransferredToInventory`	$12.00K	USD	Annual
Equipment leased or held for lease transferred to inventory	`EquipmentLeasedToCustomersTransferredToInventory`	$12.70M	USD	Annual
Equipment in inventory transferred to assets on lease	`EquipmentInInventoryTransferredToAssetsOnLease`	$13.10M	USD	Annual
Equipment in inventory transferred to assets on lease	`EquipmentInInventoryTransferredToAssetsOnLease`	$33.00K	USD	Annual
Operating cash payments for operating leases	`OperatingLeasePayments`	$1.82M	USD	Annual
Operating cash payments for operating leases	`OperatingLeasePayments`	$1.88M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$1.52M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$5.87M	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$429.00K	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$1.03M	USD	Annual

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.72M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.98M	USD	Point-in-time
Balance at the beginning (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Balance at the beginning (in shares)	`CommonStockSharesOutstanding`	2.87M	shares	Point-in-time
Balance at the beginning (in shares)	`TreasuryStockCommonShares`	156,327.00	shares	Point-in-time
Balance at the beginning (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time
Net Income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$11.04M	USD	Annual
Net Income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-12.32M	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$385.00K	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.08M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$21.00K	USD	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	3,750.00	shares	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$315.00K	USD	Annual
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$393.00K	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-549.00K	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.00K	USD	Annual
Adjustment to fair value of redeemable non-controlling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$1.75M	USD	Annual
Adjustment to fair value of redeemable non-controlling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-531.00K	USD	Annual
Unrealized gain of interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$929.00K	USD	Annual
Unrealized gain of interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$998.00K	USD	Annual
Reversal of Put option issued to co-investor in CAM (Note 24)	`PutOptionIssuedToCoInvestorInCAM`	$-1.00M	USD	Annual
Reversal of Put option issued to co-investor in CAM (Note 24)	`PutOptionIssuedToCoInvestorInCAM`	$1.00M	USD	Annual
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-41.00K	USD	Annual
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-77.00K	USD	Annual
Balance at the end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time
Balance at the end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.72M	USD	Point-in-time
Balance at the end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.98M	USD	Point-in-time
Balance at the end (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Balance at the end (in shares)	`CommonStockSharesOutstanding`	2.87M	shares	Point-in-time
Balance at the end (in shares)	`TreasuryStockCommonShares`	156,327.00	shares	Point-in-time
Balance at the end (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`ProfitLoss`	$-1.19M	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$327.00K	USD	1 Quarter
Unrealized gain on interest rate swaps, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$294.00K	USD	Annual
Net (Loss) Income	`ProfitLoss`	$12.23M	USD	Annual
Net (Loss) Income	`ProfitLoss`	$-802.00K	USD	1 Quarter
Unrealized gain on interest rate swaps, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$332.00K	USD	Annual
Net (Loss) Income	`ProfitLoss`	$-11.79M	USD	Annual
Net (Loss) Income	`ProfitLoss`	$8.00M	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$108.00K	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$5.09M	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$-1.34M	USD	1 Quarter
Net (Loss) Income	`ProfitLoss`	$-9.76M	USD	1 Quarter
Foreign currency translation income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-549.00K	USD	Annual
Foreign currency translation income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.00K	USD	Annual
Unrealized gain on interest rate swaps, net of tax of $332 and $294	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$929.00K	USD	Annual
Unrealized gain on interest rate swaps, net of tax of $332 and $294	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$998.00K	USD	Annual
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$41.00K	USD	Annual
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$77.00K	USD	Annual
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$421.00K	USD	Annual
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$1.08M	USD	Annual
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-10.71M	USD	Annual
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.65M	USD	Annual
Comprehensive Income Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$510.00K	USD	Annual
Comprehensive Income Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.30M	USD	Annual
Comprehensive (Loss) Income Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-11.22M	USD	Annual
Comprehensive (Loss) Income Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$11.35M	USD	Annual

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