CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Mar. 31, 2025
Current Assets:
Cash and cash equivalents	$ 14,460	$ 5,932
Marketable securities	485	422
Restricted cash	513	575
Restricted investments	758	683
Accounts receivable, net of allowance for doubtful accounts of $1,422 and $1,338	24,633	23,917
Income tax receivable	1,016	681
Inventories, net	39,886	38,516
Prepaid expenses	3,811	3,103
Other current assets	7,371	4,678
Total Current Assets	92,933	78,507
Assets on lease or held for lease, net of accumulated depreciation of $2,039 and $1,451	14,073	14,662
Property and equipment, net of accumulated depreciation of $9,635 and $9,240	20,116	20,285
Intangible assets, net of accumulated amortization of $6,841 and $6,330	10,438	10,020
Right-of-use ("ROU") assets	12,898	13,274
Equity method investments	19,900	19,003
Other assets	1,926	1,635
Goodwill	11,903	10,542
Total Assets	190,037	173,778
Current Liabilities:
Accounts payable	17,932	17,782
Accrued expenses and other (Note 4)	20,623	16,691
Current portion of earnout liability	430	430
Short-term lease liability	2,555	2,377
Total Current Liabilities	49,051	47,661
Deferred income tax liabilities, net	2,249	2,249
Long-term lease liability	11,293	11,843
Long-term earnout liability	706	1,109
Other non-current liabilities	886	866
Total Liabilities	184,745	168,242
Redeemable non-controlling interests	8,210	7,054
Commitments and contingencies (Note 17)
Air T, Inc. Stockholders' Deficit:
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, 2,702,639 and 2,702,639 shares outstanding	758	758
Treasury stock, 327,606 shares at $19.55 and 327,606 shares at $19.55	(6,404)	(6,404)
Additional paid-in capital	987	947
Retained earnings	494	2,130
Accumulated other comprehensive loss	(465)	(647)
Total Air T, Inc. Stockholders' Deficit	(4,630)	(3,216)
Non-controlling Interests	1,712	1,698
Total Deficit	(2,918)	(1,518)
Total Liabilities and Deficit	190,037	173,778
Nonrelated party
Current Assets:
Notes receivable	3,350	3,350
Current Liabilities:
Current portion of long-term debt	6,080	9,099
Long-term debt	117,762	101,226
Related party
Current Assets:
Notes receivable	2,500	2,500
Current Liabilities:
Current portion of long-term debt	1,431	1,282
Long-term debt	$ 2,798	$ 3,288