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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Net income $ 2,446,200 $ 1,448,453 $ 5,504,120 $ 3,339,551
Other comprehensive income (loss):        
Foreign currency translation (18,000) (18,000)
Unrealized gains on investment securities available for sale 1,030,265 $ 672,620 163,835 $ 550,787
Tax effect of unrealized gains on investment securities available for sale (370,895) (242,139) (58,981) (197,676)
Total unrealized gains on investment securities available for sale, net of tax 659,370 430,481 104,854 353,111
Reclassification of (gains) losses on investment securities available for sale included in net income 6,837 (78) 6,837 (8,487)
Tax effect of reclassification of (gains) losses on investment securities available for sale included in net income (2,461) 24 (2,461) 3,093
Reclassification adjustment for realized gains, net of tax 4,376 (54) 4,376 (5,394)
Total other comprehensive income 645,746 430,427 91,230 347,717
Total comprehensive income 3,091,946 $ 1,878,880 5,595,350 $ 3,687,268
Comprehensive loss attributable to the non-controlling interests 536,140 536,140
Comprehensive income attributable to Air T, Inc. stockholders $ 3,628,086 $ 1,878,880 $ 6,131,490 $ 3,687,268