10-K/A Filing

AIR T INC CIK: 353184 FY 2015

Filing Information

Form Type	10-K/A
Accession Number	`0001437749-17-017130`
Period End Date	20160331
Filing Date	20171013
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	airt-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 117 Income Statement 93 Cash Flow Statement 82 Stockholders Equity 20 Comprehensive Income 24

Balance Sheet 117 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Delphax $249,528)**	`CashAndCashEquivalentsAtCarryingValue`	$3.51M	USD	Point-in-time
Cash and cash equivalents (Delphax $249,528)**	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
Cash and cash equivalents (Delphax $249,528)**	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$5.28M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$820.65K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$776.35K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $426,000 and $222,000 (Delphax $1,433,494)**	`AccountsReceivableNetCurrent`	$9.53M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $426,000 and $222,000 (Delphax $1,433,494)**	`AccountsReceivableNetCurrent`	$12.30M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$222.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$426.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.53M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$12.30M	USD	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$592.72K	USD	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$816.61K	USD	Point-in-time
Inventories	`InventoryNet`	$12.27M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$719.90K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$195.00K	USD	Point-in-time
Inventories	`InventoryNet`	$7.79M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Inventories (Delphax $4,642,298)**	`InventoryNet`	$12.27M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$612.33K	USD	Point-in-time
Inventories (Delphax $4,642,298)**	`InventoryNet`	$7.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$291.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$278.00K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$2.57M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$4.58M	USD	Point-in-time
Prepaid expenses and other ($1,034,067)**	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Prepaid expenses and other ($1,034,067)**	`PrepaidExpenseCurrent`	$612.33K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$224.19K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$317.53K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.67M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.11M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.96M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Investments in Available-For-Sale Securities	`AvailableForSaleSecuritiesNoncurrent`	-	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Investments in Available-For-Sale Securities	`AvailableForSaleSecuritiesNoncurrent`	$4.71M	USD	Point-in-time
Goodwill	`Goodwill`	$275.41K	USD	Point-in-time
Property and Equipment, net (Delphax $625,684)**	`PropertyPlantAndEquipmentNet`	$2.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.00M	USD	Point-in-time
Property and Equipment, net (Delphax $625,684)**	`PropertyPlantAndEquipmentNet`	$4.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.72M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Cash Surrender Value of Life Insurance Policies	`CashSurrenderValueOfLifeInsurance`	$1.99M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$11.31K	USD	Point-in-time
Cash Surrender Value of Life Insurance Policies	`CashSurrenderValueOfLifeInsurance`	$2.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Notes and other receivables-long-term	`NotesAndLoansReceivableNetNoncurrent`	$104.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.53M	USD	Point-in-time
Notes and other receivables-long-term	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$1.86M	USD	Point-in-time
Other Assets (Delphax $26,020)**	`OtherAssetsNoncurrent`	$224.19K	USD	Point-in-time
Other Assets (Delphax $26,020)**	`OtherAssetsNoncurrent`	$317.53K	USD	Point-in-time
Intangible assets, net (Delphax $1,109,112)**	`IntangibleAssetsNetExcludingGoodwill`	$1.11M	USD	Point-in-time
Long-term Debt	`LongTermLineOfCredit`	$4.83K	USD	Point-in-time
Intangible assets, net (Delphax $1,109,112)**	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Long-term Debt	`LongTermLineOfCredit`	$5.00M	USD	Point-in-time
Goodwill (Delphax $275,408)**	`Goodwill`	-	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Goodwill (Delphax $275,408)**	`Goodwill`	$275.41K	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	$615.24K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Total Assets	`Assets`	$43.46M	USD	Point-in-time
Total Assets	`Assets`	$52.15M	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
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
Accounts payable (Delphax $1,684,802)**	`AccountsPayableCurrent`	$7.00M	USD	Point-in-time
Accounts payable (Delphax $1,684,802)**	`AccountsPayableCurrent`	$4.72M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Income tax payable (Delphax $11,312)**	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable (Delphax $11,312)**	`AccruedIncomeTaxesCurrent`	$11.31K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Accrued expenses (Delphax $1,926,340)**	`AccruedLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Accrued expenses (Delphax $1,926,340)**	`AccruedLiabilitiesCurrent`	$3.53M	USD	Point-in-time
Short-term debt (Delphax $1,859,300)**	`ShortTermBorrowings`	-	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Short-term debt (Delphax $1,859,300)**	`ShortTermBorrowings`	$1.86M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$15.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.25M	USD	Point-in-time
Long-Term Debt (Delphax $4,835)**	`LongTermLineOfCredit`	$4.83K	USD	Point-in-time
Long-Term Debt (Delphax $4,835)**	`LongTermLineOfCredit`	$5.00M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$546.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$416.00K	USD	Point-in-time
Other Non-current Liabilities (Delphax $606,358)**	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other Non-current Liabilities (Delphax $606,358)**	`OtherLiabilitiesNoncurrent`	$615.24K	USD	Point-in-time
Commitments and Contingencies (Notes 8, 11, and 22)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 8, 11, and 22)	`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`	$4.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.41M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-134.91K	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-140.52K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$29.80M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$34.23M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	-	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.04M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.36M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$52.15M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$43.46M	USD	Point-in-time

Income Statement 93 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$112.18M	USD	Annual
Operating Revenues	`Revenues`	$46.62M	USD	1 Quarter
Operating Revenues	`Revenues`	$30.89M	USD	1 Quarter
Operating Revenues	`Revenues`	$44.65M	USD	1 Quarter
Operating Revenues	`Revenues`	$148.21M	USD	Annual
Operating Revenues	`Revenues`	$22.36M	USD	1 Quarter
Operating Revenues	`Revenues`	$34.62M	USD	1 Quarter
Operating Revenues	`Revenues`	$34.58M	USD	1 Quarter
Operating Revenues	`Revenues`	$24.89M	USD	1 Quarter
Operating Revenues	`Revenues`	$21.78M	USD	1 Quarter
Flight-air cargo	`FlightairCargo`	$35.99M	USD	Annual
Flight-air cargo	`FlightairCargo`	$22.22M	USD	Annual
Maintenance-air cargo	`MaintenanceairCargo`	$23.60M	USD	Annual
Maintenance-air cargo	`MaintenanceairCargo`	$22.89M	USD	Annual
Ground equipment sales	`GroundEquipmentExpense`	$38.06M	USD	Annual
Ground equipment sales	`GroundEquipmentExpense`	$31.95M	USD	Annual
Ground support services	`GroundSupportExpenses`	$17.50M	USD	Annual
Ground support services	`GroundSupportExpenses`	$20.75M	USD	Annual
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$3.61M	USD	Annual
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$777.94K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$778.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.22M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$18.14M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$1.26M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$856.91K	USD	Annual
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$869.12K	USD	Annual
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$5.97K	USD	Annual
OperatingExpenses	`OperatingExpenses`	$108.76M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$142.18M	USD	Annual
Operating Income	`OperatingIncomeLoss`	$-1.42M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.60M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$-1.05M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.14M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$-2.31M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$5.50M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$99.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$3.89M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$6.03M	USD	Annual
Operating Income	`OperatingIncomeLoss`	$3.42M	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$8.49K	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$49.72K	USD	Annual
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$79.65K	USD	Annual
Other investment income (loss), net	`InvestmentIncomeNet`	$73.11K	USD	Annual
Other investment income (loss), net	`InvestmentIncomeNet`	$-10.27K	USD	Annual
Interest expense and other	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-80.74K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.78K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$121.75K	USD	Annual
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.41M	USD	Annual
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.15M	USD	Annual
Income Taxes	`IncomeTaxExpenseBenefit`	$931.00K	USD	Annual
Income Taxes	`IncomeTaxExpenseBenefit`	$2.40M	USD	Annual
Net Income	`ProfitLoss`	$3.76M	USD	Annual
Net Income	`ProfitLoss`	$2.48M	USD	Annual
Net Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-655.95K	USD	Annual
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$2.48M	USD	Annual
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-736.00K	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$4.41M	USD	Annual
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-1.37M	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$2.73M	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$73.00K	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$3.79M	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$1.82M	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-856.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.86	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.05	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.58	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.36	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.84	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.36M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.38M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.40M	shares	Annual

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.76M	USD	Annual
Net income	`ProfitLoss`	$2.48M	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$8.49K	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$49.72K	USD	Annual
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$869.12K	USD	Annual
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$5.97K	USD	Annual
Change in accounts receivable and inventory reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-462.44K	USD	Annual
Change in accounts receivable and inventory reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-370.76K	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$1.26M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$856.91K	USD	Annual
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$103.06K	USD	Annual
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$109.39K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-372.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$90.48K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$140.77K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$169.68K	USD	Annual
Compensation expense related to stock options	`ShareBasedCompensation`	$8.96K	USD	Annual
Compensation expense related to stock options	`ShareBasedCompensation`	$29.33K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-640.94K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.53M	USD	Annual
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$-119.89K	USD	Annual
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$-871.88K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-3.76M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$877.99K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$422.55K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-147.66K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.71M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$605.94K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.22M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$767.23K	USD	Annual
Income taxes payable/ receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$524.90K	USD	Annual
Income taxes payable/ receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-566.00K	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-21.61K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-543.44K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$4.36M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.21M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.84M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$4.48M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$4.53M	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$515.04K	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$226.76K	USD	Annual
Net cash flow from business combination	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-78.00K	USD	Annual
Net cash flow from business combination	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$200.63K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.36M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$799.67K	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.25M	USD	Annual
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$44.30K	USD	Annual
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$526.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.98M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.27M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$14.30M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$6.33M	USD	Annual
Payment on line of credit	`RepaymentsOfLinesOfCredit`	$19.30M	USD	Annual
Payment on line of credit	`RepaymentsOfLinesOfCredit`	$1.33M	USD	Annual
Proceeds from funding of lease	`ProceedsFromCollectionOfLeaseReceivables`	$7.43K	USD	Annual
Proceeds from funding of lease	`ProceedsFromCollectionOfLeaseReceivables`	-	USD	Annual
Repurchase of stock options	`RepurchaseOfStockOptions`	-	USD	Annual
Repurchase of stock options	`RepurchaseOfStockOptions`	$130.34K	USD	Annual
Proceeds from exercise of stock options, net of excess tax benefit	`ProceedsFromStockOptionsExercised`	$150.75K	USD	Annual
Proceeds from exercise of stock options, net of excess tax benefit	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.99M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.02M	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.92K	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.04M	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.88M	USD	Annual
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.29M	USD	Annual
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.13M	USD	Annual
Non-controlling interests in acquired business	`NoncontrollingInterestIncreaseFromBusinessCombination`	-	USD	Annual
Non-controlling interests in acquired business	`NoncontrollingInterestIncreaseFromBusinessCombination`	$1.71M	USD	Annual
Interest	`InterestPaid`	$19.00K	USD	Annual
Interest	`InterestPaid`	$47.05K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$737.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$2.83M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.36M	USD	Point-in-time
Net income	`ProfitLoss`	$3.76M	USD	Annual
Net income	`ProfitLoss`	$2.48M	USD	Annual
Unrealized gain (loss) from marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$46.66K	USD	Annual
Unrealized gain (loss) from marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-127.13K	USD	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	17,500.00	shares	Annual
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$150.75K	USD	Annual
Compensation expense related to stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.96K	USD	Annual
Compensation expense related to stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$29.33K	USD	Annual
Tax effect from exercise, forfeiture and repurchase of stock options	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$49.00K	USD	Annual
Repurchase of stock options	`AdjustmentsToAdditionalPaidinCapitalRepurchaseOfStockOptions`	$-130.34K	USD	Annual
Initial consolidation of Delphax	`NoncontrollingInterestIncreaseFromBusinessCombination`	-	USD	Annual
Initial consolidation of Delphax	`NoncontrollingInterestIncreaseFromBusinessCombination`	$1.71M	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-78.00K	USD	Annual
Funding on residual sharing agreements	`AdjustmentsToAdditionalPaidInCapitalOther`	$7.43K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.36M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.76M	USD	Annual
Net income	`ProfitLoss`	$2.48M	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-78.00K	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	Annual
Unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$23.18K	USD	Annual
Unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-209.22K	USD	Annual
Tax effect of unrealized (gains) losses on marketable securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$8.35K	USD	Annual
Tax effect of unrealized (gains) losses on marketable securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-76.57K	USD	Annual
Total unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$14.84K	USD	Annual
Total unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-132.65K	USD	Annual
Reclassification of gains on marketable securities included in net income	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$49.72K	USD	Annual
Reclassification of gains on marketable securities included in net income	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$8.49K	USD	Annual
Tax effect of reclassification on marketable securities included in net income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$2.97K	USD	Annual
Tax effect of reclassification on marketable securities included in net income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$17.90K	USD	Annual
Reclassification adjustment for realized gains, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$31.82K	USD	Annual
Reclassification adjustment for realized gains, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$5.52K	USD	Annual
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-127.13K	USD	Annual
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-31.35K	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.73M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.36M	USD	Annual
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	Annual
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-681.69K	USD	Annual
Comprehensive Income Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$2.36M	USD	Annual
Comprehensive Income Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$4.41M	USD	Annual

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