CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Current Assets:
Cash and cash equivalents	$ 18,458	$ 7,100
Restricted cash	309	743
Restricted investments	1,182	1,392
Accounts receivable, net of allowance for doubtful accounts of $1,685 and $1,420	24,583	22,911
Inventories, net	38,539	60,720
Prepaid expenses	2,590	2,351
Due from Crestone Asset Management, LLC ("CAM") for expense reimbursements	120	3,093
Other current assets (includes $418 and $531 measured at fair value)	4,336	4,567
Total Current Assets	90,117	102,877
Assets on lease or held for lease, net of accumulated depreciation of $915 and $8	15,249	252
Property and equipment, net of accumulated depreciation of $8,896 and $7,705	20,564	20,861
Intangible assets, net of accumulated amortization of $5,943 and $5,119	9,984	10,978
Right-of-use ("ROU") assets	13,597	11,376
Equity method investments	18,743	16,653
Other assets (includes $735 and $1,909 measured at fair value)	2,976	3,630
Goodwill	10,400	10,500
Total Assets	187,623	177,167
Current Liabilities:
Accounts payable	10,231	15,072
Income tax payable	71	139
Accrued expenses and other (Note 3)	16,296	15,511
Short-term lease liability	2,292	1,761
Total Current Liabilities	47,331	46,841
Deferred income tax liabilities, net	2,447	2,447
Long-term lease liability	12,265	10,515
Other non-current liabilities	2,576	0
Total Liabilities	173,623	158,371
Redeemable non-controlling interests	7,095	12,976
Commitments and contingencies (Note 16)
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 and 3,030,245 shares issued, 2,742,259 and 2,775,163 shares outstanding	758	758
Treasury stock, 287,986 shares at $19.55 and 256,850 shares at $19.31	(5,631)	(4,959)
Additional paid-in capital	908	859
Retained earnings	9,158	8,192
Accumulated other comprehensive loss	(79)	(80)
Total Air T, Inc. Stockholders' Equity	5,114	4,770
Non-controlling Interests	1,791	1,050
Total Equity	6,905	5,820
Total Liabilities and Equity	187,623	177,167
Nonrelated party
Current Assets:
Notes receivable	3,500	0
Goodwill	10,393	10,540
Current Liabilities:
Current portion of long-term debt	17,519	14,358
Long-term debt	105,356	98,568
Related party
Current Assets:
Notes receivable	2,500	0
Current Liabilities:
Current portion of long-term debt	922	0
Long-term debt	$ 3,648	$ 0