Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Current Assets:
Cash and cash equivalents	$ 7,209	$ 5,616
Marketable securities	877	859
Restricted cash	2,314	2,752
Restricted investments	1,673	1,691
Accounts receivable, net of allowance for doubtful accounts of $1,327 and $1,368	16,006	19,684
Income tax receivable	3,148	3,230
Inventories, net	86,132	75,167
Employee retention credit receivable	7,689	9,138
Other current assets	12,092	10,106
Total Current Assets	137,140	128,243
Assets on lease or held for lease, net of accumulated depreciation of $1,031 and $780	11,141	14,509
Property and equipment, net of accumulated depreciation of $5,675 and $5,405	21,262	21,212
Intangible assets, net of accumulated amortization of $3,237 and $2,947	11,789	13,260
Right-of-use ("ROU") assets	6,987	7,354
Equity method investments	11,089	9,864
Goodwill	10,317	10,126
Other assets	3,480	3,031
Total Assets	213,205	207,599
Current Liabilities:
Accounts payable	11,037	9,397
Income tax payable	172	194
Accrued expenses and other (Note 4)	14,222	13,391
Current portion of long-term debt	2,607	6,482
Short-term lease liability	1,372	1,443
Total Current Liabilities	29,410	30,907
Long-term debt	137,574	129,326
Deferred income tax liabilities, net	3,045	2,812
Long-term lease liability	6,423	6,734
Other non-current liabilities	1,165	1,342
Total Liabilities	177,617	171,121
Redeemable non-controlling interest	10,342	10,761
Commitments and contingencies (Note 15)
Equity:
Preferred stock, $1.00 par value, 2,000,000 shares authorized	0	0
Common stock, $.25 par value; 4,000,000 shares authorized, 3,022,745 shares issued, 2,866,418 shares outstanding	756	756
Treasury stock, 156,327 shares at $19.20	(3,002)	(3,002)
Additional paid-in capital	472	393
Retained earnings	26,222	26,729
Accumulated other comprehensive loss	(300)	(263)
Total Air T, Inc. Stockholders' Equity	24,148	24,613
Non-controlling Interests	1,098	1,104
Total Equity	25,246	25,717
Total Liabilities and Equity	$ 213,205	$ 207,599