Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Current Assets:
Cash and cash equivalents	$ 5,616	$ 10,996
Marketable securities	859	1,407
Restricted cash	2,752	4,931
Restricted investments	1,691	1,507
Accounts receivable, net of allowance for doubtful accounts of $1,368 and $1,177	19,684	6,505
Income tax receivable	3,230	4,389
Inventories, net	75,167	71,971
Employee retention credit receivable	9,138	0
Other current assets	10,106	4,068
Total Current Assets	128,243	105,774
Assets on lease or held for lease, net of accumulated depreciation of $780 and $436	14,509	2,131
Property and equipment, net of accumulated depreciation of $5,405 and $4,510	21,212	8,519
Intangible assets, net of accumulated amortization of $2,947 and $2,467	13,260	1,600
Right-of-use assets	7,354	7,757
Equity method investments	9,864	4,475
Goodwill	10,126	4,227
Other assets	3,031	6,267
Total Assets	207,599	140,750
Current Liabilities:
Accounts payable	9,397	8,344
Income tax payable	194	39
Accrued expenses and other (Note 12)	13,391	12,787
Current portion of long-term debt	6,482	5,639
Short-term lease liability	1,443	1,370
Total Current Liabilities	30,907	28,179
Long-term debt	129,326	81,857
Deferred income tax liabilities, net	2,812	595
Long-term lease liability	6,734	7,075
Other non-current liabilities	1,342	1,732
Total Liabilities	171,121	119,438
Redeemable non-controlling interest	10,761	6,598
Commitments and contingencies (Note 24)
Equity:
Preferred Stock, Value, Issued	0	0
Common Stock, Value, Issued	756	756
Treasury Stock, Value	(3,002)	(2,617)
Additional paid-in capital	393	0
Retained earnings	26,729	16,270
Accumulated other comprehensive loss	(263)	(684)
Total Air T, Inc. Stockholders' Equity	24,613	13,725
Non-controlling Interests	1,104	989
Total Equity	25,717	14,714
Total Liabilities and Equity	$ 207,599	$ 140,750