10-Q Filing

AIR T INC CIK: 353184 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0000353184-23-000095`
Period End Date	20230630
Filing Date	20230811
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	airt-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 108 Income Statement 36 Cash Flow Statement 56 Stockholders Equity 29 Comprehensive Income 16

Balance Sheet 108 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.16M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.29M	USD	Point-in-time
Assets on lease, accumulated depreciation	`FinanceLeaseRightOfUseAssetAccumulatedAmortization`	$223.00K	USD	Point-in-time
Assets on lease, accumulated depreciation	`FinanceLeaseRightOfUseAssetAccumulatedAmortization`	$38.00K	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.95M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.66M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$365.00K	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$4.19M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$4.49M	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`	$762.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.28M	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
Restricted investments	`RestrictedInvestmentsCurrent`	$1.63M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,295 and $1,160	`AccountsReceivableNetCurrent`	$27.22M	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 $1,295 and $1,160	`AccountsReceivableNetCurrent`	$32.00M	USD	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 authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$223.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$64.41M	USD	Point-in-time
Inventories, net	`InventoryNet`	$71.12M	USD	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
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Employee retention credit receivable	`EmployeeRetentionCreditReceivableCARESAct`	$940.00K	USD	Point-in-time
Employee retention credit receivable	`EmployeeRetentionCreditReceivableCARESAct`	-	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.79M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.49M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	208,741.00	shares	Point-in-time
Treasury stock average price (in dollars per share)	`TreasuryStockAveragePricePerShare`	$19.62	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$116.56M	USD	Point-in-time
Treasury stock average price (in dollars per share)	`TreasuryStockAveragePricePerShare`	$19.63	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$112.85M	USD	Point-in-time
Assets on lease or held for lease, net of accumulated depreciation of $38 and $223	`FinanceLeaseRightOfUseAsset`	$83.00K	USD	Point-in-time
Assets on lease or held for lease, net of accumulated depreciation of $38 and $223	`FinanceLeaseRightOfUseAsset`	$16.00K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $6,946 and $6,624	`PropertyPlantAndEquipmentNet`	$21.44M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $6,946 and $6,624	`PropertyPlantAndEquipmentNet`	$21.49M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $4,493 and $4,191	`IntangibleAssetsNetExcludingGoodwill`	$11.83M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $4,493 and $4,191	`IntangibleAssetsNetExcludingGoodwill`	$12.10M	USD	Point-in-time
Right-of-use ("ROU") assets	`OperatingLeaseRightOfUseAsset`	$12.13M	USD	Point-in-time
Right-of-use ("ROU") assets	`OperatingLeaseRightOfUseAsset`	$11.67M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$13.95M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$13.23M	USD	Point-in-time
Goodwill	`Goodwill`	$10.56M	USD	Point-in-time
Goodwill	`Goodwill`	$10.56M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.37M	USD	Point-in-time
Total Assets	`Assets`	$187.20M	USD	Point-in-time
Total Assets	`Assets`	$189.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.58M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$304.00K	USD	Point-in-time
Accrued expenses and other (Note 4)	`AccruedLiabilitiesCurrent`	$14.64M	USD	Point-in-time
Accrued expenses and other (Note 4)	`AccruedLiabilitiesCurrent`	$13.13M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$22.72M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$38.74M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.83M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$49.78M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$64.29M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$98.54M	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`	$2.58M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$10.77M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$11.01M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$47.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$47.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$163.87M	USD	Point-in-time
Total Liabilities	`Liabilities`	$161.95M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$12.84M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$12.71M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`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, $.25 par value; 4,000,000 shares authorized, 3,026,495 and 3,026,495 shares issued, 2,817,754 and 2,818,374 shares outstanding	`CommonStockValue`	$757.00K	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 3,026,495 and 3,026,495 shares issued, 2,817,754 and 2,818,374 shares outstanding	`CommonStockValue`	$757.00K	USD	Point-in-time
Treasury stock, 208,741 shares at $19.63 and 208,121 shares at $19.62	`TreasuryStockCommonValue`	$4.10M	USD	Point-in-time
Treasury stock, 208,741 shares at $19.63 and 208,121 shares at $19.62	`TreasuryStockCommonValue`	$4.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$807.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$728.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.29M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$583.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$816.00K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$11.34M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$11.90M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.07M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.08M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.25M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.41M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.98M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.72M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$187.20M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$189.56M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$71.43M	USD	1 Quarter
Total revenue	`Revenues`	$50.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$861.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$690.00K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$50.03M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$70.77M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$834.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$658.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.82M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.81M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$532.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$691.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-154.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$643.00K	USD	1 Quarter
Nonoperating income (expense)	`NonoperatingIncomeExpense`	$-1.44M	USD	1 Quarter
Nonoperating income (expense)	`NonoperatingIncomeExpense`	$-474.00K	USD	1 Quarter
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$184.00K	USD	1 Quarter
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-610.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$192.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$211.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-802.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-27.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$631.00K	USD	1 Quarter
Net Income Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$504.00K	USD	1 Quarter
Net Loss Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net Loss Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-531.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.50	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.50	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.82M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.87M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.82M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.87M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-802.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-27.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$690.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$861.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$532.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$691.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-272.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-479.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.72M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.92M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.75M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.84M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$131.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.64M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$700.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.42M	USD	1 Quarter
Employee retention credit receivable	`IncreaseDecreaseEmployeeRetentionCreditReceivable`	$-1.45M	USD	1 Quarter
Employee retention credit receivable	`IncreaseDecreaseEmployeeRetentionCreditReceivable`	$-940.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.29M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.99M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.53M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.48M	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$880.00K	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$417.00K	USD	1 Quarter
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$404.00K	USD	1 Quarter
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$351.00K	USD	1 Quarter
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	$20.00K	USD	1 Quarter
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-191.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-800.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.06M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00K	USD	1 Quarter
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$29.84M	USD	1 Quarter
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$34.19M	USD	1 Quarter
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$30.58M	USD	1 Quarter
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$36.82M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$6.18M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$1.26M	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$836.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-181.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-24.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.08M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.57M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$173.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-56.00K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-669.00K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.16M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.42M	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`	$9.52M	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`	$6.42M	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`	$9.52M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.37M	USD	Point-in-time

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.25M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.41M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.98M	USD	Point-in-time
Balance at the beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.72M	USD	Point-in-time
Balance at the beginning (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Balance at the beginning (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Balance at the beginning (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time
Balance at the beginning (in shares)	`TreasuryStockCommonShares`	208,741.00	shares	Point-in-time
Net income (loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-540.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-1.44M	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$79.00K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$79.00K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$15.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-529.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-65.00K	USD	1 Quarter
Adjustment to fair value of redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-926.00K	USD	1 Quarter
Adjustment to fair value of redeemable non-controlling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-134.00K	USD	1 Quarter
Unrealized gain on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$24.00K	USD	1 Quarter
Unrealized gain on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$475.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-17.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$192.00K	USD	1 Quarter
Balance at the end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.25M	USD	Point-in-time
Balance at the end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.41M	USD	Point-in-time
Balance at the end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.98M	USD	Point-in-time
Balance at the end	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.72M	USD	Point-in-time
Balance at the end (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Balance at the end (in shares)	`CommonStockSharesOutstanding`	2.82M	shares	Point-in-time
Balance at the end (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time
Balance at the end (in shares)	`TreasuryStockCommonShares`	208,741.00	shares	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-802.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-27.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-529.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-65.00K	USD	1 Quarter
Unrealized gain on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$24.00K	USD	1 Quarter
Unrealized gain on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$475.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-17.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$192.00K	USD	1 Quarter
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-233.00K	USD	1 Quarter
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-37.00K	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-260.00K	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-839.00K	USD	1 Quarter
Comprehensive Income Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$631.00K	USD	1 Quarter
Comprehensive Income Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$504.00K	USD	1 Quarter
Comprehensive Loss Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-764.00K	USD	1 Quarter
Comprehensive Loss Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-1.47M	USD	1 Quarter

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