Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020
Current Assets:
Cash and cash equivalents	$ 7,095	$ 5,952
Marketable securities	2,845	1,677
Restricted cash	9,561	9,619
Restricted investments	1,042	1,085
Accounts receivable, net of allowance for doubtful accounts of $913 and $680	10,274	13,077
Income tax receivable	1,471	1,174
Inventories, net	63,879	60,623
Other current assets	7,453	5,279
Total Current Assets	103,620	98,486
Asset on lease or held for lease, net of accumulated depreciation of $6,102 and $6,526	25,325	27,945
Property and equipment, net of accumulated depreciation of $4,454 and $4,319	5,190	5,272
Right-of-use assets	7,851	8,116
Investments in securities	783	815
Equity method investments	4,650	5,208
Intangible assets, net of accumulated amortization of $2,245 and $2,380	878	749
Goodwill	4,227	4,227
Other assets	626	609
Total Assets	153,150	151,427
Current Liabilities:
Accounts payable	7,722	10,864
Accrued expenses and other (Note 4)	13,995	13,024
Current portion of long-term debt	37,249	42,684
Short-term lease liability	1,192	1,174
Total Current Liabilities	60,158	67,746
Long-term debt	53,703	43,136
Deferred income tax liabilities, net	572	579
Long-term lease liability	7,241	7,473
Other non-current liabilities	1,435	1,402
Total Liabilities	123,109	120,336
Redeemable non-controlling interest	5,540	6,080
Commitments and contingencies (Note 15)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized	0	0
Common stock, $.25 par value; 4,000,000 shares authorized, 3,022,745 shares issued, 2,881,853 shares outstanding	756	756
Treasury stock, 140,892 shares at $18.58	(2,617)	(2,617)
Additional paid-in capital	3,065	2,636
Retained earnings	22,927	23,768
Accumulated other comprehensive loss	(630)	(537)
Total Air T, Inc. Stockholders' Equity	23,501	24,006
Non-controlling Interests	1,000	1,005
Total Equity	24,501	25,011
Total Liabilities and Equity	$ 153,150	$ 151,427