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Consolidated Statements of Income (As Restated) - USD ($)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Revenues:    
Operating Revenues $ 148,211,938 [1] $ 112,181,158
Operating Expenses:    
Flight-air cargo 35,990,031 [1] 22,219,794
Maintenance-air cargo 23,597,111 [1] 22,889,035
Ground equipment sales 38,060,345 [1] 31,949,363
Ground support services 20,752,753 [1] 17,495,471
Printing equipment and maintenance 3,611,024 [1]
Research and development 777,942 [1] 0
General and administrative 18,139,830 [1] 14,222,996
Depreciation, amortization and impairment 1,257,207 [1],[2] 856,911
Gain on sale of property and equipment (5,968) [1],[2] (869,116)
142,180,275 [1] 108,764,455
Operating Income 6,031,663 [1] 3,416,703
Non-operating Income:    
Gain on sale of marketable securities 49,720 [2] 8,487
Foreign currency gain, net 79,654 [1]
Other investment income (loss), net 73,115 [1] (10,265)
Interest expense and other (80,743) [1]
121,746 [1] (1,778)
Income Before Income Taxes 6,153,409 [1] 3,414,926
Income Taxes 2,395,452 931,000
Net Income 3,757,957 [1],[2],[3] 2,483,926
Net Loss Attributable to Non-controlling Interests 655,953 [1]
Net Income Attributable to Air T, Inc. Stockholders $ 4,413,910 [1],[4] $ 2,483,926
Earnings Per Share:    
Basic (in dollars per share) $ 1.86 [1],[4] $ 1.05
Diluted (in dollars per share) $ 1.84 [1],[4] $ 1.04
Weighted Average Shares Outstanding:    
Basic (in shares) 2,372,527 [1],[4] 2,359,610
Diluted (in shares) 2,396,824 [1],[4] 2,379,928
Overnight Air Cargo [Member]    
Operating Revenues:    
Operating Revenues $ 68,226,891 [1] $ 49,864,547
Ground Equipment Sales [Member]    
Operating Revenues:    
Operating Revenues 51,175,818 [1] 41,770,395
Ground Support Services [Member]    
Operating Revenues:    
Operating Revenues 24,834,616 [1] 20,546,216
Printing Equipment and Maintenance [Member]    
Operating Revenues:    
Operating Revenues 3,954,797 [1]
Leasing [Member]    
Operating Revenues:    
Operating Revenues $ 19,816 [1]
[1] The Consolidated Statement of Comprehensive Income for the year ended March 31, 2016 has been restated. See Note 1A.
[2] The Consolidated Statement of Cash Flow for the year ended March 31, 2016 has been restated. See Note 1A.
[3] The Consolidated Statement of Comprehensive Income for the year ended March 31, 2016 has been restated. See Note 1A.
[4] Earnings per common share have been restated for the year ended March 31, 2016. See Note 1A.