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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Balance at the beginning (in shares) at Mar. 31, 2024   3,030,000          
Balance at the beginning at Mar. 31, 2024 $ 5,820 $ 758 $ (4,959) $ 859 $ 8,192 $ (80) $ 1,050
Balance at the beginning (in shares) at Mar. 31, 2024     257,000        
Increase (Decrease) in Stockholders' Equity              
Net income (loss) [1] (340)       (335)   (5)
Repurchase of common stock (in shares)     13,000        
Repurchase of common stock (301)   $ (301)        
Stock option forfeiture (Note 17) (25)     (25)      
Stock compensation expense 42     42      
Foreign currency translation gain (loss) (50)         (50)  
Redemption of non-controlling interest 224       78 146  
Unrealized gain on interest rate swaps, net of tax 1         1  
Reclassification of interest rate swaps into earnings (203)         (203)  
Balance at the end (in shares) at Jun. 30, 2024   3,030,000          
Balance at the end at Jun. 30, 2024 $ 5,168 $ 758 $ (5,260) 876 7,935 (186) 1,045
Balance at the end (in shares) at Jun. 30, 2024     270,000        
Balance at the beginning (in shares) at Mar. 31, 2025 2,702,639 3,030,000          
Balance at the beginning at Mar. 31, 2025 $ (1,518) $ 758 $ (6,404) 947 2,130 (647) 1,698
Balance at the beginning (in shares) at Mar. 31, 2025 327,606   328,000        
Increase (Decrease) in Stockholders' Equity              
Net income (loss) $ (1,584)       (1,636)   52
Distributions to non-controlling interests (38)           (38)
Stock compensation expense 40     40      
Foreign currency translation gain (loss) [2] 413         413  
Reclassification of interest rate swaps into earnings 12         12  
Allocation of comprehensive income from unconsolidated investments 5         5  
Allocation of comprehensive income to redeemable non-controlling interests $ (248)         (248)  
Balance at the end (in shares) at Jun. 30, 2025 2,702,639 3,030,000          
Balance at the end at Jun. 30, 2025 $ (2,918) $ 758 $ (6,404) $ 987 $ 494 $ (465) $ 1,712
Balance at the end (in shares) at Jun. 30, 2025 327,606   328,000        
[1] Excludes amount attributable to redeemable non-controlling interests in Contrail Aviation Support, LLC ("Contrail") and Shanwick B.V. ("Shanwick")
See notes to condensed consolidated financial statements.
[2] Cumulative translation adjustments were at a loss of $0.8 million as of March 31, 2024 and June 30, 2024, respectively, and a loss of $0.4 million and a gain of $54.0 thousand as of March 31, 2025 and June 30, 2025, respectively.