Note 4 - Inventories

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE 4 – Inventories

Inventory consists primarily of aviation fuel, which the Company dispenses to its customers, and parts inventory as a result of the acquisition of Aircraft Services, Inc. The Company also maintains fuel inventories for commercial airlines, to which it charges into-plane fees when servicing commercial aircraft.

Inventories consist of the following:

	September 30, 2021		December 31, 2020
Parts inventory	$	100,612	$	92,481
Fuel inventory		117,182		59,336
Other inventory		15,190		11,802
Total inventory	$	232,984	$	163,619

Included in fuel inventory are amounts held for third parties of $26,438 and $30,904 as of September 30, 2021 and December 31, 2020, respectively, with an offsetting liability included as part of accrued expenses.