10-Q Filing

AIR T INC CIK: 353184 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0000353184-23-000144`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	airt-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 80 Cash Flow Statement 68 Stockholders Equity 53 Comprehensive Income 36

Balance Sheet 104 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`	$1.16M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.15M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.81M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$4.19M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$4.78M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$924.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.28M	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
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`	$1.25M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$2.16M	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 $1,156 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
Accounts receivable, net of allowance for doubtful accounts of $1,156 and $1,160	`AccountsReceivableNetCurrent`	$26.59M	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
Income tax receivable	`IncomeTaxesReceivable`	$285.00K	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
Inventories, net	`InventoryNet`	$54.46M	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`	-	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.82M	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 (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.77M	USD	Point-in-time
Treasury stock average price (in dollars per share)	`TreasuryStockAveragePricePerShare`	$19.63	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$116.56M	USD	Point-in-time
Treasury stock average price (in dollars per share)	`TreasuryStockAveragePricePerShare`	$19.62	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$98.27M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $7,150 and $6,624	`PropertyPlantAndEquipmentNet`	$21.44M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $7,150 and $6,624	`PropertyPlantAndEquipmentNet`	$21.15M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $4,776 and $4,191	`IntangibleAssetsNetExcludingGoodwill`	$11.36M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $4,776 and $4,191	`IntangibleAssetsNetExcludingGoodwill`	$12.10M	USD	Point-in-time
Right-of-use ("ROU") assets	`OperatingLeaseRightOfUseAsset`	$11.67M	USD	Point-in-time
Right-of-use ("ROU") assets	`OperatingLeaseRightOfUseAsset`	$12.07M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$14.18M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$13.23M	USD	Point-in-time
Goodwill	`Goodwill`	$10.56M	USD	Point-in-time
Goodwill	`Goodwill`	$10.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.28M	USD	Point-in-time
Total Assets	`Assets`	$189.56M	USD	Point-in-time
Total Assets	`Assets`	$171.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.44M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$214.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$304.00K	USD	Point-in-time
Accrued expenses and other (Note 4)	`AccruedLiabilitiesCurrent`	$13.13M	USD	Point-in-time
Accrued expenses and other (Note 4)	`AccruedLiabilitiesCurrent`	$12.30M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$23.90M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$38.74M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.89M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$50.76M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$64.29M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$84.15M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$86.35M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$2.58M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$2.42M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$11.02M	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`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$163.87M	USD	Point-in-time
Total Liabilities	`Liabilities`	$148.52M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$12.71M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$12.30M	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`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, 3,030,245 and 3,026,495 shares issued, 2,821,504 and 2,818,374 shares outstanding	`CommonStockValue`	$757.00K	USD	Point-in-time
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,030,245 and 3,026,495 shares issued, 2,821,504 and 2,818,374 shares outstanding	`CommonStockValue`	$758.00K	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
Treasury stock, 208,741 shares at $19.63 and 208,121 shares at $19.62	`TreasuryStockCommonValue`	$4.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$911.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$728.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$241.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$816.00K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$9.90M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$11.90M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.05M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.08M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.95M	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`	$23.94M	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`	$189.56M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$171.77M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$60.69M	USD	1 Quarter
Total revenue	`Revenues`	$111.55M	USD	2 Qtrs
Total revenue	`Revenues`	$78.97M	USD	1 Quarter
Total revenue	`Revenues`	$150.40M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.11M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.39M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.89M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.39M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$700.00K	USD	1 Quarter
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$3.00K	USD	1 Quarter
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$5.00K	USD	2 Qtrs
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$1.02M	USD	2 Qtrs
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$1.00M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$485.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$516.00K	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$110.54M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$60.51M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$78.20M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$148.97M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$761.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$1.01M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$1.42M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$179.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.66M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.82M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.85M	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$798.00K	USD	2 Qtrs
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$266.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$748.00K	USD	1 Quarter
Income from equity method investments	`IncomeLossFromEquityMethodInvestments`	$1.44M	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-777.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-357.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-509.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-136.00K	USD	2 Qtrs
Nonoperating income (expense)	`NonoperatingIncomeExpense`	$-1.88M	USD	1 Quarter
Nonoperating income (expense)	`NonoperatingIncomeExpense`	$-2.09M	USD	1 Quarter
Nonoperating income (expense)	`NonoperatingIncomeExpense`	$-2.36M	USD	2 Qtrs
Nonoperating income (expense)	`NonoperatingIncomeExpense`	$-3.53M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-937.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.91M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.12M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.52M	USD	2 Qtrs
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-380.00K	USD	2 Qtrs
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-572.00K	USD	1 Quarter
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$487.00K	USD	1 Quarter
Income Taxes Expense (Benefit)	`IncomeTaxExpenseBenefit`	$698.00K	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-2.14M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-1.61M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.64M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-1.34M	USD	1 Quarter
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-104.00K	USD	1 Quarter
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00K	USD	1 Quarter
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$505.00K	USD	2 Qtrs
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$528.00K	USD	2 Qtrs
Net Loss Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-2.67M	USD	2 Qtrs
Net Loss Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-1.61M	USD	1 Quarter
Net Loss Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-1.23M	USD	1 Quarter
Net Loss Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-2.14M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.76	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.57	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.43	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.93	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.93	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.76	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.43	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.57	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.82M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.87M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.87M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.82M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.87M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.82M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.87M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.82M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-2.14M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-1.61M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.64M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-1.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.39M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.89M	USD	2 Qtrs
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$3.00K	USD	1 Quarter
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$5.00K	USD	2 Qtrs
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$1.02M	USD	2 Qtrs
Inventory write-down	`InventoryWriteDownIncludedInOperatingExpenses`	$1.00M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$485.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$516.00K	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Income from equity method of investments	`IncomeLossFromEquityMethodInvestments`	$798.00K	USD	2 Qtrs
Income from equity method of investments	`IncomeLossFromEquityMethodInvestments`	$266.00K	USD	1 Quarter
Income from equity method of investments	`IncomeLossFromEquityMethodInvestments`	$748.00K	USD	1 Quarter
Income from equity method of investments	`IncomeLossFromEquityMethodInvestments`	$1.44M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.34M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-608.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-637.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.85M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$14.25M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.70M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.99M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.85M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$84.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.06M	USD	2 Qtrs
Employee retention credit receivable	`IncreaseDecreaseEmployeeRetentionCreditReceivable`	$-1.45M	USD	2 Qtrs
Employee retention credit receivable	`IncreaseDecreaseEmployeeRetentionCreditReceivable`	$-940.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.98M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.33M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.95M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.90M	USD	2 Qtrs
Investment in unconsolidated entities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$995.00K	USD	2 Qtrs
Investment in unconsolidated entities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$1.19M	USD	2 Qtrs
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$763.00K	USD	2 Qtrs
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$557.00K	USD	2 Qtrs
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	$28.00K	USD	2 Qtrs
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	-	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-202.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.71M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$156.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.78M	USD	2 Qtrs
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$68.53M	USD	2 Qtrs
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$65.71M	USD	2 Qtrs
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$55.32M	USD	2 Qtrs
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$67.27M	USD	2 Qtrs
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$8.18M	USD	2 Qtrs
Payments on term loan	`RepaymentsOfLongTermDebt`	$15.44M	USD	2 Qtrs
Payments on term loan	`RepaymentsOfLongTermDebt`	$4.11M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-225.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-518.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.76M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.23M	USD	2 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.00K	USD	2 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00K	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.10M	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.17M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.92M	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 BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.92M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.37M	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`	$9.46M	USD	Point-in-time

Stockholders Equity 53 line items

Line Item	Tag	Value	Unit	Period
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	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.95M	USD	Point-in-time
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`	$23.94M	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)	`TreasuryStockCommonShares`	208,741.00	shares	Point-in-time
Balance at the beginning (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-540.00K	USD	1 Quarter
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-1.63M	USD	1 Quarter
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-1.24M	USD	1 Quarter
Net loss	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-1.44M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$15.00K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$351.00K	USD	1 Quarter
Exercises of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	3,000.00	shares	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$26.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$21.00K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$79.00K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$79.00K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$79.00K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$79.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-529.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-606.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-170.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-65.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-235.00K	USD	2 Qtrs
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.14M	USD	2 Qtrs
Adjustment to fair value of redeemable non-controlling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-926.00K	USD	1 Quarter
Adjustment to fair value of redeemable non-controlling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-412.00K	USD	1 Quarter
Adjustment to fair value of redeemable non-controlling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-134.00K	USD	1 Quarter
Adjustment to fair value of redeemable non-controlling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$188.00K	USD	1 Quarter
Unrealized gain on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$16.00K	USD	1 Quarter
Unrealized gain on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$475.00K	USD	1 Quarter
Unrealized gain on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$24.00K	USD	1 Quarter
Unrealized gain on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$957.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-17.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-17.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$192.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$380.00K	USD	2 Qtrs
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-34.00K	USD	2 Qtrs
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$188.00K	USD	1 Quarter
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	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.95M	USD	Point-in-time
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`	$23.94M	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)	`TreasuryStockCommonShares`	208,741.00	shares	Point-in-time
Balance at the end (in shares)	`TreasuryStockCommonShares`	208,121.00	shares	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-2.14M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-1.61M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.64M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-1.34M	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-529.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-606.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-170.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-65.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-235.00K	USD	2 Qtrs
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.14M	USD	2 Qtrs
Unrealized gain on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.43M	USD	2 Qtrs
Unrealized gain on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$40.00K	USD	2 Qtrs
Unrealized gain on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$16.00K	USD	1 Quarter
Unrealized gain on interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$957.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-17.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-17.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$192.00K	USD	1 Quarter
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$380.00K	USD	2 Qtrs
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-34.00K	USD	2 Qtrs
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$188.00K	USD	1 Quarter
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$331.00K	USD	2 Qtrs
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$368.00K	USD	1 Quarter
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-342.00K	USD	1 Quarter
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-575.00K	USD	2 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.21M	USD	2 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.95M	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.81M	USD	2 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-968.00K	USD	1 Quarter
Comprehensive (Income) Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-104.00K	USD	1 Quarter
Comprehensive (Income) Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$528.00K	USD	2 Qtrs
Comprehensive (Income) Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00K	USD	1 Quarter
Comprehensive (Income) Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$505.00K	USD	2 Qtrs
Comprehensive Loss Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-2.71M	USD	2 Qtrs
Comprehensive Loss Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-2.33M	USD	2 Qtrs
Comprehensive Loss Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-864.00K	USD	1 Quarter
Comprehensive Loss Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-1.95M	USD	1 Quarter

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