Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021
Current Assets:
Cash and cash equivalents	$ 2,576	$ 10,996
Marketable securities	2,630	1,407
Restricted cash	3,263	4,931
Restricted investments	714	1,507
Accounts receivable, net of allowance for doubtful accounts of $1,513 and $1,177	10,548	6,505
Income tax receivable	4,735	4,389
Inventories, net	76,446	71,971
Other current assets	5,884	4,068
Total Current Assets	106,796	105,774
Assets on lease or held for lease, net of accumulated depreciation of $728 and $436	5,896	2,131
Property and equipment, net of accumulated depreciation of $5,111 and $4,510	21,328	8,519
Right-of-use ("ROU") assets	7,099	7,757
Equity method investments	8,785	4,475
Goodwill	4,227	4,227
Other assets	9,665	7,867
Total Assets	163,796	140,750
Current Liabilities:
Accounts payable	7,952	8,344
Income tax payable	0	39
Accrued expenses and other (Note 4)	8,959	12,787
Current portion of long-term debt	2,962	5,639
Short-term lease liability	1,337	1,370
Total Current Liabilities	21,210	28,179
Long-term debt	105,436	81,857
Deferred income tax liabilities, net	607	595
Long-term lease liability	6,555	7,075
Other non-current liabilities	808	1,732
Total Liabilities	134,616	119,438
Redeemable non-controlling interest	7,885	6,598
Commitments and contingencies (Note 14)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized		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	315	0
Retained earnings	22,283	16,270
Accumulated other comprehensive loss	(555)	(684)
Total Air T, Inc. Stockholders' Equity	20,182	13,725
Non-controlling Interests	1,113	989
Total Equity	21,295	14,714
Total Liabilities and Equity	$ 163,796	$ 140,750