Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2017	Mar. 31, 2017	[1]
Current Assets:
Cash and cash equivalents	$ 1,888,824	$ 2,763,365
Marketable securities	1,979,686	2,130,544
Restricted cash	890,369	890,369
Accounts receivable	20,795,360	18,923,787
Notes and other receivables-current	1,487,884	2,297,007
Income tax receivable	47,501	402,688
Inventories, net	25,352,376	19,778,843
Prepayments and other	1,432,000	1,672,475
Total Current Assets	53,874,000	48,859,078
Investments in Available-For-Sale Securities	1,724,175	2,463,123
Property and equipment, net	5,359,386	5,324,488
Cash surrender value of life insurance policies	2,265,785	2,251,450
Notes and other receivables-long-term		66,771
Deferred income taxes		204,000
Other assets	786,228	371,975
Intangible assets, net	1,300,890	1,376,699
Goodwill	4,417,605	4,417,605
Total Assets	69,728,069	65,335,189
Current Liabilities:
Accounts payable	10,828,717	11,571,156
Accrued expenses and other current liabilities	8,820,775	8,672,815
Short-term debt	2,225,000	25,000
Total Current Liabilities	21,874,492	20,268,971
Long-term debt	20,863,922	18,412,521
Deferred income taxes	27,887	8,000
Other non-current liabilities	2,085,801	3,039,402
Total Liabilities	44,852,102	41,728,894
Redeemable non-controlling interest	1,712,153	1,443,901
Commitments and Contingencies (Notes 2, 8 and 12)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized
Common stock, $.25 par value; 4,000,000 shares authorized, 2,042,789 shares issued and outstanding	510,696	510,696
Additional paid-in capital	4,180,536	4,205,536
Retained earnings	19,429,736	18,461,347
Accumulated other comprehensive loss, net	(171,410)	(212,047)
Total Air T, Inc. Stockholders' Equity	23,949,558	22,965,532
Non-controlling Interests	(785,744)	(803,138)
Total Equity	23,163,814	22,162,394
Total Liabilities and Equity	$ 69,728,069	$ 65,335,189

[1] Derived from audited consolidated financial statements