10-K Filing

AIR T INC CIK: 353184 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001437749-18-012675`
Period End Date	20180331
Filing Date	20180629
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	airt-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 119 Income Statement 105 Cash Flow Statement 109 Stockholders Equity 18 Comprehensive Income 26

Balance Sheet 119 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$290.45K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$890.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$269.66K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$1.24M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	-	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$979.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$801.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.92M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.92M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$15.16M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$15.16M	USD	Point-in-time
Inventories, net	`InventoryNet`	$34.23M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted projects	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	-	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.78M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted projects	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$2.01M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.46M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Notes and other receivables-current	`NotesAndOtherReceivablesNetCurrentTotal`	$2.30M	USD	Point-in-time
Notes and other receivables-current	`NotesAndOtherReceivablesNetCurrentTotal`	$658.63K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.32M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$402.69K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.57M	USD	Point-in-time
Inventories, net	`InventoryNet`	$34.23M	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.18M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.46M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$23.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$48.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$11.74M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.67M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$61.67M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$38.86M	USD	Point-in-time
Investments in available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$2.46M	USD	Point-in-time
Investments in available-for-sale securities	`AvailableForSaleSecuritiesNoncurrent`	$1.03M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$18.41M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.32M	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`	50,000.00	shares	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$2.36M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$2.25M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Notes and other tax receivables-long-term	`NotesAndLoansReceivableNetNoncurrent`	$311.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Notes and other tax receivables-long-term	`NotesAndLoansReceivableNetNoncurrent`	$66.77K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$204.00K	USD	Point-in-time
Investments in funds	`InvestmentsInFundsNoncurrent`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	2.04M	shares	Point-in-time
Investments in funds	`InvestmentsInFundsNoncurrent`	$324.85K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	2.04M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.04M	shares	Point-in-time
Equity method investments	`EquityMethodInvestments`	-	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$5.03M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.04M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$420.98K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$371.98K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.38M	USD	Point-in-time
Goodwill	`Goodwill`	$4.42M	USD	Point-in-time
Goodwill	`Goodwill`	$4.42M	USD	Point-in-time
Total Assets	`Assets`	$97.15M	USD	Point-in-time
Total Assets	`Assets`	$65.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.18M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$23.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$11.74M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.67M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$25.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$9.23M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$20.27M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$31.18M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$38.86M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$18.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$92.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$8.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.04M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$785.80K	USD	Point-in-time
Total Liabilities	`Liabilities`	$70.91M	USD	Point-in-time
Total Liabilities	`Liabilities`	$41.73M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.99M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.44M	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, 2,043,607 shares issued and outstanding at March 31, 2018, 2,042,789 shares issued and outstanding at March 31, 2017	`CommonStockValue`	$510.90K	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,043,607 shares issued and outstanding at March 31, 2018, 2,042,789 shares issued and outstanding at March 31, 2017	`CommonStockValue`	$510.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-260.90K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-212.05K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$25.12M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$22.97M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$-803.14K	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$-874.77K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.24M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$97.15M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$65.34M	USD	Point-in-time

Income Statement 105 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$48.86M	USD	1 Quarter
Operating Revenues	`Revenues`	$35.77M	USD	1 Quarter
Operating Revenues	`Revenues`	$30.49M	USD	1 Quarter
Operating Revenues	`Revenues`	$194.52M	USD	Annual
Operating Revenues	`Revenues`	$43.69M	USD	1 Quarter
Operating Revenues	`Revenues`	$148.47M	USD	Annual
Operating Revenues	`Revenues`	$47.70M	USD	1 Quarter
Operating Revenues	`Revenues`	$38.52M	USD	1 Quarter
Operating Revenues	`Revenues`	$44.50M	USD	1 Quarter
Operating Revenues	`Revenues`	$53.46M	USD	1 Quarter
Overnight air cargo	`OvernightAirCargo`	$63.05M	USD	Annual
Overnight air cargo	`OvernightAirCargo`	$61.66M	USD	Annual
Ground equipment sales	`GroundEquipmentExpense`	$41.57M	USD	Annual
Ground equipment sales	`GroundEquipmentExpense`	$24.35M	USD	Annual
Ground support services	`GroundSupportExpenses`	$30.14M	USD	Annual
Ground support services	`GroundSupportExpenses`	$25.09M	USD	Annual
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$9.49M	USD	Annual
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$2.98M	USD	Annual
Commercial jet engines and parts	`CommercialJetEngineExpense`	$20.50M	USD	Annual
Commercial jet engines and parts	`CommercialJetEngineExpense`	$4.50M	USD	Annual
Leasing	`LeasingExpense`	-	USD	Annual
Leasing	`LeasingExpense`	$49.46K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.04M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$195.65K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$22.21M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$29.17M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$3.18M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$2.68M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$190.27M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$151.57M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$1.02M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$476.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$2.21M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$1.64M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$1.31M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-3.10M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$1.00M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-7.07M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$4.25M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$552.00K	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$576.16K	USD	Annual
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$93.07K	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$286.60K	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-228.71K	USD	Annual
Other-than-temporary impairment losses on investments	`ImpairmentOfInvestments`	$2.76M	USD	Annual
Other-than-temporary impairment losses on investments	`ImpairmentOfInvestments`	$1.56M	USD	Annual
Other investment income, net	`InvestmentIncomeNet`	$1.35M	USD	Annual
Other investment income, net	`InvestmentIncomeNet`	$121.86K	USD	Annual
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-1.72M	USD	Annual
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-571.65K	USD	Annual
Gain on asset retirement obligation	`GainLossOnAssetRetirementObligation`	-	USD	Annual
Gain on asset retirement obligation	`GainLossOnAssetRetirementObligation`	$562.50K	USD	Annual
Gain on asset retirement obligation	`GainLossOnAssetRetirementObligation`	$563.00K	USD	1 Quarter
Bargain purchase acquisition gain, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmountNet`	$501.88K	USD	Annual
Bargain purchase acquisition gain, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmountNet`	-	USD	Annual
Unrealized loss on interest rate swap	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	Annual
Unrealized loss on interest rate swap	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-66.71K	USD	Annual
Unrealized gain on transition to equity method	`UnrealizedGainOnTransitionToEquityMethod`	$721.59K	USD	Annual
Unrealized gain on transition to equity method	`UnrealizedGainOnTransitionToEquityMethod`	-	USD	Annual
Equity in income of associated company	`GainLossOnSaleOfEquityInvestments`	-	USD	Annual
Equity in income of associated company	`GainLossOnSaleOfEquityInvestments`	$-14.64K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.59M	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.12M	USD	Annual
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.65M	USD	Annual
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.22M	USD	Annual
Income Taxes	`IncomeTaxExpenseBenefit`	$725.00K	USD	Annual
Income Taxes	`IncomeTaxExpenseBenefit`	$195.00K	USD	Annual
Net Income (Loss)	`ProfitLoss`	$2.46M	USD	Annual
Net Income (Loss)	`ProfitLoss`	$-4.94M	USD	Annual
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$179.50K	USD	Annual
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.73M	USD	Annual
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$1.56M	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`	$2.28M	USD	Annual
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$968.00K	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-672.00K	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`	$422.00K	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`	$-5.75M	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.33	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.51	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-2.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.11	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.42	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.11	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.51	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.13M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.04M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.13M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.05M	shares	Annual

Cash Flow Statement 109 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$2.46M	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`	$93.07K	USD	Annual
Loss on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-30.23K	USD	Annual
Loss on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-25.47K	USD	Annual
Change in inventory reserves	`IncreaseDecreaseInInventoryReserve`	$-2.19M	USD	Annual
Change in inventory reserves	`IncreaseDecreaseInInventoryReserve`	$1.85M	USD	Annual
Change in accounts receivable reserves	`IncreaseDecreaseInAccountsReceivableReserves`	$-194.29K	USD	Annual
Change in accounts receivable reserves	`IncreaseDecreaseInAccountsReceivableReserves`	$177.39K	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$3.18M	USD	Annual
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$2.68M	USD	Annual
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$151.39K	USD	Annual
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$105.06K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-10.57K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-659.00K	USD	Annual
Gain on asset retirement obligation	`GainLossOnAssetRetirementObligation`	-	USD	Annual
Gain on asset retirement obligation	`GainLossOnAssetRetirementObligation`	$562.50K	USD	Annual
Gain on asset retirement obligation	`GainLossOnAssetRetirementObligation`	$563.00K	USD	1 Quarter
Gain on bargain purchase, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmountNet`	$501.88K	USD	Annual
Gain on bargain purchase, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmountNet`	-	USD	Annual
Warranty reserve	`IncreaseDecreaseInWarrantyReserve`	$122.69K	USD	Annual
Warranty reserve	`IncreaseDecreaseInWarrantyReserve`	$-15.17K	USD	Annual
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$1.56M	USD	Annual
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$2.76M	USD	Annual
Unrealized loss on interest rate swap	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	Annual
Unrealized loss on interest rate swap	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-66.71K	USD	Annual
Unrealized gain on transition to equity method	`UnrealizedGainOnTransitionToEquityMethod`	$721.59K	USD	Annual
Unrealized gain on transition to equity method	`UnrealizedGainOnTransitionToEquityMethod`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.73M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.52M	USD	Annual
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$-1.64M	USD	Annual
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$1.60M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$6.76M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$7.85M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-331.47K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$129.53K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.15M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.69M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.62M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.66M	USD	Annual
Income taxes payable/ receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.44M	USD	Annual
Income taxes payable/ receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-306.90K	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-525.14K	USD	Annual
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$351.21K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.61M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.73M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.55M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-277.84K	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.52M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.72M	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$720.45K	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.00M	USD	Annual
Net cash used for business combinations	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.40M	USD	Annual
Net cash used for business combinations	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.57M	USD	Annual
Net cash used for equity method investments	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Net cash used for equity method investments	`PaymentsToAcquireEquityMethodInvestments`	$2.30M	USD	Annual
Investments in Funds	`PaymentsToAcquireInvestments`	$324.85K	USD	Annual
Investments in Funds	`PaymentsToAcquireInvestments`	-	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.22M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.35M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.86K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.28K	USD	Annual
Increase (Decrease) in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-620.71K	USD	Annual
Increase (Decrease) in restricted cash	`IncreaseDecreaseInRestrictedCash`	$69.72K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.70M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.42M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$115.53M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$68.28M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$119.18M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$49.81M	USD	Annual
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$38.44M	USD	Annual
Payments on term loan	`RepaymentsOfLongTermDebt`	$4.82M	USD	Annual
Payments on term loan	`RepaymentsOfLongTermDebt`	-	USD	Annual
Debt issuance costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Debt issuance costs	`PaymentsOfFinancingCosts`	$404.85K	USD	Annual
Earnout payments	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	Annual
Earnout payments	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.10M	USD	Annual
Contribution from non-controlling member	`ProceedsFromMinorityShareholders`	-	USD	Annual
Contribution from non-controlling member	`ProceedsFromMinorityShareholders`	$252.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$8.64K	USD	Annual
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$7.92M	USD	Annual
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.74M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.69M	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.34K	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-16.00K	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.04M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.58M	USD	Annual
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	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`	$2.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.80M	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`	$2.76M	USD	Point-in-time
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$272.62K	USD	Annual
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$251.64K	USD	Annual
Non-controlling interests in acquired business	`NoncashOrPartNoncashAcquisitionNoncontrolllingInterestAcquired`	$1.31M	USD	Annual
Non-controlling interests in acquired business	`NoncashOrPartNoncashAcquisitionNoncontrolllingInterestAcquired`	-	USD	Annual
Acquired business earnout contracts and payable	`LiabilitiesAssumed1`	-	USD	Annual
Acquired business earnout contracts and payable	`LiabilitiesAssumed1`	$3.02M	USD	Annual
Equipment leased to customers transferred to inventory	`EquipmentLeasedToCustomersTransferredToInventory`	-	USD	Annual
Equipment leased to customers transferred to inventory	`EquipmentLeasedToCustomersTransferredToInventory`	$2.06M	USD	Annual
Interest	`InterestPaidNet`	$298.15K	USD	Annual
Interest	`InterestPaidNet`	$1.07M	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.66M	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.09M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.24M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.92M	USD	Annual
Net loss*	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$2.20M	USD	Annual
Net loss*	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-5.08M	USD	Annual
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$256.14K	USD	Annual
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-317.13K	USD	Annual
Foreign currency translation income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$229.62K	USD	Annual
Foreign currency translation income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-309.68K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-63.00K	USD	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	818.00	shares	Annual
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$8.64K	USD	Annual
Redeemable non-controlling interest	`AdjustmentToAdditionalPaidInCapitalRedeemableNoncontrollingInterest`	$-42.10K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.24M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.16M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$2.46M	USD	Annual
Net income (loss)	`ProfitLoss`	$-4.94M	USD	Annual
Foreign currency translation income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$229.62K	USD	Annual
Foreign currency translation income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-309.68K	USD	Annual
Unrealized net losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.78M	USD	Annual
Unrealized net losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.79M	USD	Annual
Tax effect of unrealized net losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-282.12K	USD	Annual
Tax effect of unrealized net losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-640.45K	USD	Annual
Reclassification due to the Tax Cuts and Jobs Act	`OtherComprehensiveIncomeLossReclassificationDueToTaxRegulationNetOfTax`	$42.48K	USD	Annual
Reclassification due to the Tax Cuts and Jobs Act	`OtherComprehensiveIncomeLossReclassificationDueToTaxRegulationNetOfTax`	-	USD	Annual
Total unrealized net losses on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.46M	USD	Annual
Total unrealized net losses 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`	$1.47M	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`	$277.62K	USD	Annual
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$784.45K	USD	Annual
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.19M	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`	$-45.04K	USD	Annual
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.00M	USD	Annual
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.41M	USD	Annual
Comprehensive (Income) Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$183.31K	USD	Annual
Comprehensive (Income) Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.71M	USD	Annual
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$2.23M	USD	Annual
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-3.29M	USD	Annual

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