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Consolidated Statements of Comprehensive Income (As Restated) - USD ($)
12 Months Ended
Mar. 31, 2016
[3]
Mar. 31, 2015
Net income $ 3,757,957 [1],[2] $ 2,483,926
Other comprehensive income (loss):    
Foreign currency translation loss (78,004)
Unrealized gains (losses) on marketable securities 23,182 (209,215)
Tax effect of unrealized (gains) losses on marketable securities available for sale (8,346) 76,566
Total unrealized gain (loss) on marketable securities, net of tax 14,836 (132,649)
Reclassification of gains on marketable securities included in net income 49,720 8,487
Tax effect of reclassification on marketable securities included in net income (17,899) (2,970)
Reclassification adjustment for realized gains, net of tax 31,821 5,517
Total Other Comprehensive Loss (31,347) (127,133)
Total Comprehensive Income 3,726,610 2,356,793
Comprehensive loss attributable to non-controlling interests 681,694
Comprehensive Income Attributable to Air T, Inc. Stockholders $ 4,408,304 $ 2,356,793
[1] The Consolidated Statement of Cash Flow for the year ended March 31, 2016 has been restated. See Note 1A.
[2] The Consolidated Statement of Comprehensive Income 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.