21.	SEGMENT INFORMATION

The Company has

five

business segments. The overnight air cargo segment, comprised of the Company

’s Mountain Air Cargo, Inc. (“MAC”) and CSA Air, Inc. (“CSA”) subsidiaries, operates in the air express delivery services industry. The ground equipment sales segment, comprised of the Company’s Global Ground Support, LLC (“GGS”) subsidiary, manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the U.S. military and industrial customers. The ground support services segment, comprised of the Company’s Global Aviation Services, LLC (“GAS”) subsidiary, provides ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers. The printing equipment and maintenance segment is comprised of Delphax and its subsidiaries, which was consolidated for financial accounting purposes beginning

November 24, 2015.

Delphax designs, manufactures and sells advanced digital print production equipment, maintenance contracts, spare parts, supplies and consumable items for these systems. The equipment is sold through Delphax and its subsidiaries located in Canada, the United Kingdom and France. A significant portion of Delphax’s net sales is related to service and support provided after the sale. Delphax has a significant presence in the check production marketplace in North America, Europe, Latin America, Asia and the Middle East. The Company’s newly established leasing segment, comprised of the Company’s Air T Global Leasing, LLC subsidiary, provides funding for equipment leasing transactions, which

may

include transactions for the leasing of equipment manufactured by GGS and Delphax and transactions initiated by

third

parties unrelated to equipment manufactured by the Company or any of its subsidiaries. Air T Global Leasing, LLC commenced operations during the quarter ended

December 31, 2015.

Each business segment has separate management teams and infrastructures that offer different products and services. We evaluate the performance of our business segments based on operating income. For the fiscal year ended

March 31, 2016,

the premiums paid to SAIC by the Company were allocated among the operating segments based on segment revenue and certain identified corporate expenses were allocated to the segments based on the relative benefit of those expenses to each segment. The prior period amounts have been reclassified to conform to the current period allocations of these expenses. Segment data is summarized as follows:

	Year Ended March 31,
	2016			2015
Operating Revenues:
Overnight Air Cargo	$	68,226,891		$	49,864,547
Ground Equipment Sales:
Domestic		45,175,818			33,231,529
International		6,000,000			8,538,866
Total Ground Equipment Sales		51,175,818			41,770,395
Ground Support Services		24,834,616			20,546,216
Printing Equipment and Maintenance
Domestic		2,753,138			-
International		1,201,659			-
Total Printing Equipment and Maintenance		3,954,797			-
Leasing		19,816			-
Total	$	148,211,938		$	112,181,158

Operating Income (Loss):
Overnight Air Cargo	$	3,283,495		$	19,519
Ground Equipment Sales		6,390,287			3,674,598
Ground Support Services		(1,035,929	)		(92,532	)
Printing Equipment and Maintenance		(1,966,626	)		-
Leasing		8,324			-
Corporate		(647,888	)		(184,881	)
Total	$	6,031,663		$	3,416,703

Capital Expenditures:
Overnight Air Cargo	$	92,707		$	245,548
Ground Equipment Sales		341,124			228,025
Ground Support Services		520,243			256,918
Printing Equipment and Maintenance		16,438			-
Corporate		275,559			69,175
Total	$	1,246,071		$	799,666

Depreciation and Amortization:
Overnight Air Cargo	$	138,639		$	158,179
Ground Equipment Sales		518,013			502,648
Ground Support Services		224,878			167,743
Printing Equipment and Maintenance		163,893			-
Leasing		8,724			-
Corporate		53,060			28,340
Total	$	1,107,207		$	856,911