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Equity Method Investments (Tables)
3 Months Ended
Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
CCI and Lendway's combined summarized unaudited financial information for the three months ended March 31, 2024 and 2023 is as follows (in thousands):
March 31, 2024March 31, 2023
Revenue$45,757 $51,157 
Gross Profit6,006 7,803 
Operating income1,206 5,261 
Net income$1,102 $5,116 
CAM's summarized unaudited financial information, including both common interests and investor interests, for the three months ended June 30, 2024 and 2023 is as follows (in thousands):
June 30, 2024June 30, 2023
HLBV net assets$27,051 $25,434 
Contributions— 457 
Distributions$1,613 $428 
Investment balances for the Company's equity method investees as of June 30, 2024 and March 31, 2024 is as follows (in thousands):
Investment
June 30, 2024March 31, 2024
Lendway
$2,049 $2,339 
CCI4,397 3,723 
CAM7,279 7,397 
Other2,305 3,194 
Total$16,030 $16,653 
Net income (loss) attributable to Air T, Inc. stockholders for the Company's equity method investees, including basis difference adjustments, during the three months ended June 30, 2024 and 2023 is as follows (in thousands):
Investment
June 30, 2024June 30, 2023
Lendway
$(290)$446 
CCI674 683 
CAM1,495 (495)
Other44 57 
Total$1,923 $691