CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Current Assets:
Cash and cash equivalents	$ 7,100	$ 5,806
Restricted cash	743	1,284
Restricted investments	1,392	2,161
Accounts receivable, net of allowance for doubtful accounts of $1,420 and $1,160	22,911	27,218
Inventories, net	60,720	71,125
Employee retention credit receivable	0	940
Prepaid expenses	2,351	2,501
Due from CAM for expense reimbursements	3,093	2,261
Other current assets	4,567	3,261
Total Current Assets	102,877	116,557
Assets on lease or held for lease, net of accumulated depreciation of $8 and $223	252	83
Property and equipment, net of accumulated depreciation of $7,705 and $6,624	20,861	21,439
Intangible assets, net of accumulated amortization of $5,119 and $4,191	10,978	12,103
Right-of-use assets	11,376	11,666
Equity method investments	16,653	13,230
Goodwill	10,540	10,563
Other assets	3,630	3,921
Total Assets	177,167	189,562
Current Liabilities:
Accounts payable	15,072	10,449
Income tax payable	139	304
Accrued expenses and other (Note 11)	15,511	13,133
Current portion of long-term debt	14,358	38,736
Short-term lease liability	1,761	1,664
Total Current Liabilities	46,841	64,286
Long-term debt	98,568	86,349
Deferred income tax liabilities, net	2,447	2,417
Long-term lease liability	10,515	10,771
Other non-current liabilities	0	47
Total Liabilities	158,371	163,870
Redeemable non-controlling interest	12,976	12,710
Commitments and contingencies (Note 22)
Air T, Inc. Stockholders' Equity:
Preferred stock, $1.00 par value, 2,000,000 shares authorized	0	0
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,030,245 shares issued, 2,775,163 and 2,818,374 shares outstanding	758	757
Treasury stock, 256,850 at $19.31 and 208,121 shares at $19.62	(4,959)	(4,083)
Additional paid-in capital	859	728
Retained earnings	8,192	13,686
Accumulated other comprehensive (loss) income	(80)	816
Total Air T, Inc. Stockholders' Equity	4,770	11,904
Non-controlling Interests	1,050	1,078
Total Equity	5,820	12,982
Total Liabilities and Equity	$ 177,167	$ 189,562