10-Q Filing

AIR T INC CIK: 353184 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-037474`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	airt-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 54 Cash Flow Statement 72 Stockholders Equity 14 Comprehensive Income 24

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$426.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$355.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.58M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.78M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.94M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$824.06K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$820.65K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $355,000 and $426,000	`AccountsReceivableNetCurrent`	$11.23M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $355,000 and $426,000	`AccountsReceivableNetCurrent`	$12.30M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$592.72K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$1.06M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.14M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$719.90K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Inventories, net	`InventoryNet`	$12.27M	USD	Point-in-time
Inventories, net	`InventoryNet`	$15.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$155.28K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$291.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.19M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$39.55M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.96M	USD	Point-in-time
Investments in Available-For-Sale Securities	`AvailableForSaleSecuritiesNoncurrent`	$4.71M	USD	Point-in-time
Investments in Available-For-Sale Securities	`AvailableForSaleSecuritiesNoncurrent`	$3.60M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.81M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.58M	USD	Point-in-time
Cash Surrender Value of Life Insurance Policies	`CashSurrenderValueOfLifeInsurance`	$2.10M	USD	Point-in-time
Cash Surrender Value of Life Insurance Policies	`CashSurrenderValueOfLifeInsurance`	$2.12M	USD	Point-in-time
Notes and Other Receivables - Long Term	`NotesAndLoansReceivableNetNoncurrent`	$104.00K	USD	Point-in-time
Notes and Other Receivables - Long Term	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$291.82K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$317.53K	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$1.11M	USD	Point-in-time
Goodwill	`Goodwill`	$275.41K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Total Assets	`Assets`	$52.15M	USD	Point-in-time
Total Assets	`Assets`	$50.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.90M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$11.31K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.04M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$1.86M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$2.18M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$15.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$19.11M	USD	Point-in-time
Long-Term Debt	`LongTermLineOfCredit`	$3.32M	USD	Point-in-time
Long-Term Debt	`LongTermLineOfCredit`	$4.83K	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$546.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$546.00K	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	$24.50K	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	$615.24K	USD	Point-in-time
Commitments and Contingencies (Notes 8 and 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 8 and 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,372,527 shares issued and outstanding	`CommonStockValue`	$593.13K	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,372,527 shares issued and outstanding	`CommonStockValue`	$593.13K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$25.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.35M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$66.31K	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-117.90K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$34.77M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$31.28M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$497.65K	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$-3.91M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.37M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$28.78M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$52.15M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$50.37M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$30.49M	USD	1 Quarter
Operating Revenues	`Revenues`	$22.36M	USD	1 Quarter
Flight-air cargo	`FlightairCargo`	$8.97M	USD	1 Quarter
Flight-air cargo	`FlightairCargo`	$6.37M	USD	1 Quarter
Maintenance-air cargo	`MaintenanceairCargo`	$5.45M	USD	1 Quarter
Maintenance-air cargo	`MaintenanceairCargo`	$5.21M	USD	1 Quarter
Ground equipment sales	`GroundEquipmentExpense`	$3.13M	USD	1 Quarter
Ground equipment sales	`GroundEquipmentExpense`	$3.42M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$5.39M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$4.72M	USD	1 Quarter
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$6.01M	USD	1 Quarter
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$510.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.81M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.83M	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$1.99M	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$178.62K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$5.02K	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$23.41M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$37.57M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-1.05M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-7.07M	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$143.87K	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	1 Quarter
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$91.79K	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$1.50M	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	1 Quarter
Other investment income (loss), net	`OtherNonoperatingIncomeExpense`	$42.69K	USD	1 Quarter
Other investment income (loss), net	`OtherNonoperatingIncomeExpense`	$-19.94K	USD	1 Quarter
Interest expense and other	`InterestExpense`	$64.01K	USD	1 Quarter
Interest expense and other	`InterestExpense`	-	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.29M	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-19.94K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.36M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.07M	USD	1 Quarter
Income Tax Benefit	`IncomeTaxExpenseBenefit`	$-333.00K	USD	1 Quarter
Income Tax Benefit	`IncomeTaxExpenseBenefit`	$-372.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-736.04K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-7.99M	USD	1 Quarter
Net Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.31M	USD	1 Quarter
Net Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Loss Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-736.04K	USD	1 Quarter
Net Loss Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-3.68M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.55	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.55	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.37M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.37M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-736.04K	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.99M	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$143.87K	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$5.02K	USD	1 Quarter
Change in accounts receivable and inventory reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$2.35M	USD	1 Quarter
Change in accounts receivable and inventory reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$9.53K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$1.99M	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$178.62K	USD	1 Quarter
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$18.57K	USD	1 Quarter
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$20.15K	USD	1 Quarter
Warranty reserve.	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-22.44K	USD	1 Quarter
Warranty reserve.	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$39.00K	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$1.50M	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$774.71K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.12M	USD	1 Quarter
Notes receivable	`IncreaseDecreaseInReceivables`	$406.55K	USD	1 Quarter
Notes receivable	`IncreaseDecreaseInReceivables`	$-257.38K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.73M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-534.76K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-211.56K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$639.79K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.86M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$744.23K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$78.30K	USD	1 Quarter
Income taxes payable/receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$428.13K	USD	1 Quarter
Income taxes payable/receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$602.59K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-207.49K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.78M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.23M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.51M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.76M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$1.07M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$924.62K	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.22M	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$19.16K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$219.50K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$519.57K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$3.41K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$3.32K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.27M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-232.50K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$12.05M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$8.73M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$18.70K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.63M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.70K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-19.45K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.81M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.38M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	-	USD	1 Quarter
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$321.35K	USD	1 Quarter
Interest	`InterestPaid`	$20.50K	USD	1 Quarter
Interest	`InterestPaid`	$2.32K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$269.70K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$56.13K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.37M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$28.78M	USD	Point-in-time
Net loss	`ProfitLoss`	$-736.04K	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.99M	USD	1 Quarter
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$241.28K	USD	1 Quarter
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-281.15K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.37M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$28.78M	USD	Point-in-time
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-150.31K	USD	1 Quarter

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-736.04K	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.99M	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-150.31K	USD	1 Quarter
Unrealized net losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-981.37K	USD	1 Quarter
Unrealized net losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-439.30K	USD	1 Quarter
Tax effect of unrealized net losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-158.15K	USD	1 Quarter
Tax effect of unrealized net losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-353.29K	USD	1 Quarter
Total unrealized net losses on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-281.15K	USD	1 Quarter
Total unrealized net losses on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-628.08K	USD	1 Quarter
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of gains on sale of marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$1.36M	USD	1 Quarter
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of gains on sale of marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	1 Quarter
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$489.01K	USD	1 Quarter
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$869.36K	USD	1 Quarter
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-281.15K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$90.97K	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.02M	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-7.90M	USD	1 Quarter
Comprehensive Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-4.41M	USD	1 Quarter
Comprehensive Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive Loss Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-1.02M	USD	1 Quarter
Comprehensive Loss Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-3.49M	USD	1 Quarter

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