10-K Filing

AIR T INC CIK: 353184 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001437749-17-017134`
Period End Date	20170331
Filing Date	20171013
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	airt-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 123 Income Statement 96 Cash Flow Statement 86 Stockholders Equity 18 Comprehensive Income 24

Balance Sheet 123 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Delphax $328,327 and $249,528)*	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Cash and cash equivalents (Delphax $328,327 and $249,528)*	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Cash and cash equivalents (Delphax $328,327 and $249,528)*	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.94M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$820.65K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$890.37K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$979.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $979,000 and $426,000 (Delphax $1,728,411 and $1,433,494)*	`AccountsReceivableNetCurrent`	$12.30M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $979,000 and $426,000 (Delphax $1,728,411 and $1,433,494)*	`AccountsReceivableNetCurrent`	$18.92M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$426.00K	USD	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$592.72K	USD	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$2.30M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$12.30M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.92M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$719.90K	USD	Point-in-time
Inventories	`InventoryNet`	$12.27M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$402.69K	USD	Point-in-time
Inventories	`InventoryNet`	$19.78M	USD	Point-in-time
Inventories, net (Delphax $1,941,729 and $4,642,298)*	`InventoryNet`	$12.27M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Inventories, net (Delphax $1,941,729 and $4,642,298)*	`InventoryNet`	$19.78M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.58M	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Current	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Deferred Tax Assets, Net of Valuation Allowance, Current	`DeferredTaxAssetsNetCurrent`	$291.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$371.98K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$317.53K	USD	Point-in-time
Prepaid expenses and other (Delphax $932,794 and $1,034,067)*	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Prepaid expenses and other (Delphax $932,794 and $1,034,067)*	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.96M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.38M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.11M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$48.86M	USD	Point-in-time
Investments in available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$4.71M	USD	Point-in-time
Investments in available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$2.46M	USD	Point-in-time
Goodwill	`Goodwill`	$275.41K	USD	Point-in-time
Goodwill	`Goodwill`	$4.42M	USD	Point-in-time
Property and equipment, net (Delphax $8,007 and $625,684)*	`PropertyPlantAndEquipmentNet`	$5.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.57M	USD	Point-in-time
Property and equipment, net (Delphax $8,007 and $625,684)*	`PropertyPlantAndEquipmentNet`	$4.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.00M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$2.25M	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
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.67M	USD	Point-in-time
Notes and other receivables-long-term	`NotesAndLoansReceivableNetNoncurrent`	$66.77K	USD	Point-in-time
Notes and other receivables-long-term	`NotesAndLoansReceivableNetNoncurrent`	$104.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$25.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$1.86M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$204.00K	USD	Point-in-time
Other assets (Delphax $0 and $26,020)*	`OtherAssetsNoncurrent`	$371.98K	USD	Point-in-time
Other assets (Delphax $0 and $26,020)*	`OtherAssetsNoncurrent`	$317.53K	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$18.41M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$4.83K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$615.24K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.04M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.38M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.11M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Goodwill (Delphax $0 and $275,408)*	`Goodwill`	$275.41K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Goodwill (Delphax $0 and $275,408)*	`Goodwill`	$4.42M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Total Assets	`Assets`	$52.15M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Total Assets	`Assets`	$65.34M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Accounts payable (Delphax $2,482,578 and $1,684,802)*	`AccountsPayableCurrent`	$11.57M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Accounts payable (Delphax $2,482,578 and $1,684,802)*	`AccountsPayableCurrent`	$7.00M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Income tax payable (Delphax $11,312 and $11,312)*	`AccruedIncomeTaxesCurrent`	$11.31K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.04M	shares	Point-in-time
Income tax payable (Delphax $11,312 and $11,312)*	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.04M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Accrued expenses (Delphax $3,602,162 and $1,926,340)*	`AccruedLiabilitiesCurrent`	$8.67M	USD	Point-in-time
Accrued expenses (Delphax $3,602,162 and $1,926,340)*	`AccruedLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Short-term debt (Delphax $0 and $1,859,300)*	`ShortTermBorrowings`	$25.00K	USD	Point-in-time
Short-term debt (Delphax $0 and $1,859,300)*	`ShortTermBorrowings`	$1.86M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$20.27M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$15.72M	USD	Point-in-time
Long-term debt (Delphax $0 and $4,835)*	`LongTermLineOfCredit`	$18.41M	USD	Point-in-time
Long-term debt (Delphax $0 and $4,835)*	`LongTermLineOfCredit`	$4.83K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$546.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$8.00K	USD	Point-in-time
Other non-current liabilities (Delphax $0 and $606,358)*	`OtherLiabilitiesNoncurrent`	$615.24K	USD	Point-in-time
Other non-current liabilities (Delphax $0 and $606,358)*	`OtherLiabilitiesNoncurrent`	$3.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$41.73M	USD	Point-in-time
Total Liabilities	`Liabilities`	$16.88M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.44M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	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, 2,042,789 shares issued and outstanding at March 31, 2017, 2,372,527 shares issued and outstanding at March 31, 2016	`CommonStockValue`	$510.70K	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,042,789 shares issued and outstanding at March 31, 2017, 2,372,527 shares issued and outstanding at March 31, 2016	`CommonStockValue`	$593.13K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-140.52K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-212.05K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$34.23M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$22.97M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.04M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$-803.14K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$65.34M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$52.15M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$43.69M	USD	1 Quarter
Operating Revenues	`Revenues`	$30.49M	USD	1 Quarter
Operating Revenues	`Revenues`	$148.47M	USD	Annual
Operating Revenues	`Revenues`	$35.77M	USD	1 Quarter
Operating Revenues	`Revenues`	$46.62M	USD	1 Quarter
Operating Revenues	`Revenues`	$34.58M	USD	1 Quarter
Operating Revenues	`Revenues`	$22.36M	USD	1 Quarter
Operating Revenues	`Revenues`	$44.65M	USD	1 Quarter
Operating Revenues	`Revenues`	$148.21M	USD	Annual
Operating Revenues	`Revenues`	$38.52M	USD	1 Quarter
Overnight air cargo	`OvernightAirCargo`	$59.59M	USD	Annual
Overnight air cargo	`OvernightAirCargo`	$61.66M	USD	Annual
Ground equipment sales	`GroundEquipmentExpense`	$38.06M	USD	Annual
Ground equipment sales	`GroundEquipmentExpense`	$24.35M	USD	Annual
Ground support services	`GroundSupportExpenses`	$25.09M	USD	Annual
Ground support services	`GroundSupportExpenses`	$20.75M	USD	Annual
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$3.61M	USD	Annual
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$9.49M	USD	Annual
Commercial jet engines and parts	`CommercialJetEngineExpense`	-	USD	Annual
Commercial jet engines and parts	`CommercialJetEngineExpense`	$4.50M	USD	Annual
Leasing	`LeasingExpense`	$49.46K	USD	Annual
Leasing	`LeasingExpense`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.04M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$777.94K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$18.14M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$22.18M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$3.18M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$1.26M	USD	Annual
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$5.97K	USD	Annual
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-25.47K	USD	Annual
OperatingExpenses	`OperatingExpenses`	$151.57M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$142.18M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$1.31M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$6.03M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$3.89M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-2.31M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$5.50M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$1.02M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$1.64M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-3.10M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$-1.05M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-7.07M	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$576.16K	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$49.72K	USD	Annual
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$79.65K	USD	Annual
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$286.60K	USD	Annual
Other-than-temporary impairment losses on investments	`ImpairmentOfInvestments`	-	USD	Annual
Other-than-temporary impairment losses on investments	`ImpairmentOfInvestments`	$2.76M	USD	Annual
Other investment income, net	`InvestmentIncomeNet`	$1.35M	USD	Annual
Other investment income, net	`InvestmentIncomeNet`	$73.11K	USD	Annual
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-571.65K	USD	Annual
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-80.74K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.12M	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$121.75K	USD	Annual
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.15M	USD	Annual
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.22M	USD	Annual
Income Taxes	`IncomeTaxExpenseBenefit`	$725.00K	USD	Annual
Income Taxes	`IncomeTaxExpenseBenefit`	$2.40M	USD	Annual
Net Income (Loss)	`ProfitLoss`	$3.76M	USD	Annual
Net Income (Loss)	`ProfitLoss`	$-4.94M	USD	Annual
Net Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.73M	USD	Annual
Net Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-655.95K	USD	Annual
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-1.37M	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$2.73M	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-5.75M	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$233.00K	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-3.21M	USD	Annual
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$4.41M	USD	Annual
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-736.00K	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$3.79M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.57	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-2.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.51	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.86	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.84	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.42	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.51	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.53	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`	$-0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.13M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.13M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.40M	shares	Annual

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$3.76M	USD	Annual
Net income (loss)	`ProfitLoss`	$-4.94M	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$576.16K	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$49.72K	USD	Annual
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$5.97K	USD	Annual
Loss (gain) on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-25.47K	USD	Annual
Change in inventory reserves	`IncreaseDecreaseInInventoryReserve`	$945.35K	USD	Annual
Change in inventory reserves	`IncreaseDecreaseInInventoryReserve`	$-2.19M	USD	Annual
Change in accounts receivable reserves	`IncreaseDecreaseInAccountsReceivableReserves`	$-482.92K	USD	Annual
Change in accounts receivable reserves	`IncreaseDecreaseInAccountsReceivableReserves`	$-194.29K	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$3.18M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$1.26M	USD	Annual
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$151.39K	USD	Annual
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$109.39K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$90.48K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-659.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$140.77K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-15.17K	USD	Annual
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$2.76M	USD	Annual
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	Annual
Compensation expense related to stock options	`ShareBasedCompensation`	$29.33K	USD	Annual
Compensation expense related to stock options	`ShareBasedCompensation`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.52M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.53M	USD	Annual
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$1.60M	USD	Annual
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$-119.89K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$877.99K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$7.85M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$129.53K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$422.55K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$605.94K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.15M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.62M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.22M	USD	Annual
Income taxes payable/ receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$524.90K	USD	Annual
Income taxes payable/ receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-306.90K	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-525.14K	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-21.61K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.61M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-543.44K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.55M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.21M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$4.48M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.72M	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$226.76K	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.00M	USD	Annual
Business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.57M	USD	Annual
Business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-78.00K	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.25M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.35M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$200.63K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.28K	USD	Annual
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$44.30K	USD	Annual
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$69.72K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.70M	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`	$68.28M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$19.30M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$49.81M	USD	Annual
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$7.92M	USD	Annual
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Proceeds from funding of lease	`ProceedsFromCollectionOfLeaseReceivables`	$7.43K	USD	Annual
Proceeds from funding of lease	`ProceedsFromCollectionOfLeaseReceivables`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$8.69M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.99M	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.92K	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-16.00K	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.58M	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.04M	USD	Annual
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	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`	$272.62K	USD	Annual
Non-controlling interests in acquired business	`NoncashOrPartNoncashAcquisitionNoncontrolllingInterestAcquired`	$1.31M	USD	Annual
Non-controlling interests in acquired business	`NoncashOrPartNoncashAcquisitionNoncontrolllingInterestAcquired`	$1.71M	USD	Annual
Acquired business earnout contracts and payable	`LiabilitiesAssumed1`	$3.02M	USD	Annual
Acquired business earnout contracts and payable	`LiabilitiesAssumed1`	-	USD	Annual
Interest	`InterestPaid`	$298.15K	USD	Annual
Interest	`InterestPaid`	$47.05K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$2.83M	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.09M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Initial consolidation of Delphax	`NoncontrollingInterestIncreaseFromBusinessCombination`	$1.71M	USD	Annual
Net income (loss)	`ProfitLoss`	$3.76M	USD	Annual
Net income (loss)	`ProfitLoss`	$-4.94M	USD	Annual
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$256.14K	USD	Annual
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$46.66K	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-309.68K	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-78.00K	USD	Annual
Funding on residual sharing agreements	`AdjustmentsToAdditionalPaidInCapitalOther`	$7.43K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-63.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$29.33K	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.92M	USD	Annual
Net loss*	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-5.08M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$3.76M	USD	Annual
Net income (loss)	`ProfitLoss`	$-4.94M	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-309.68K	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-78.00K	USD	Annual
Unrealized net gains (losses) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.78M	USD	Annual
Unrealized net gains (losses) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$23.18K	USD	Annual
Tax effect of unrealized net (gains) losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-640.45K	USD	Annual
Tax effect of unrealized net (gains) losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$8.35K	USD	Annual
Total unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$14.84K	USD	Annual
Total unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.14M	USD	Annual
Reclassification of other-than-temporary impairment losses on investments, net of gains on sale of marketable securities, included in income (loss) before income taxes	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$49.72K	USD	Annual
Reclassification of other-than-temporary impairment losses on investments, net of gains on sale of marketable securities, included in income (loss) before income taxes	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$2.18M	USD	Annual
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$784.45K	USD	Annual
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$17.90K	USD	Annual
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$31.82K	USD	Annual
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.39M	USD	Annual
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-53.54K	USD	Annual
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-31.35K	USD	Annual
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.00M	USD	Annual
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.73M	USD	Annual
Comprehensive Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-681.69K	USD	Annual
Comprehensive Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.71M	USD	Annual
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-3.29M	USD	Annual
Comprehensive Income (Loss) 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.