Consolidated Balance Sheets (Current Period Unaudited) - USD ($)		Sep. 30, 2017	Mar. 31, 2017
Current Assets:
Cash and cash equivalents	[1]	$ 1,358,919	$ 2,763,365
Marketable securities		2,210,389	2,130,544	[1]
Restricted cash		890,369	890,369	[1]
Accounts receivable	[1]	20,000,483	18,923,787
Notes and other receivables-current		2,054,639	2,297,007	[1]
Income tax receivable		1,054,610	402,688	[1]
Inventories, net		18,131,734	19,778,843	[1]
Prepayments and other		1,306,757	1,672,475	[1]
Total Current Assets		47,007,900	48,859,078	[1]
Investments in Available-For-Sale Securities		1,966,791	2,463,123	[1]
Property and equipment, net		12,675,063	5,324,488	[1]
Cash surrender value of life insurance policies		2,272,049	2,251,450	[1]
Notes and other receivables-long-term			66,771	[1]
Deferred income taxes			204,000	[1]
Other assets		899,370	371,975	[1]
Intangible assets, net		1,225,163	1,376,699	[1]
Goodwill		4,417,605	4,417,605	[1]
Total Assets		70,463,941	65,335,189	[1]
Current Liabilities:
Accounts payable		12,003,439	11,571,156	[1]
Accrued expenses and other current liabilities		9,206,625	8,672,815	[1]
Short-term debt		1,625,000	25,000	[1]
Total Current Liabilities		22,835,064	20,268,971	[1]
Long-term debt		20,247,748	18,412,521	[1]
Deferred income taxes		81,566	8,000	[1]
Other non-current liabilities		2,131,036	3,039,402	[1]
Total Liabilities		45,295,414	41,728,894	[1]
Redeemable non-controlling interest		1,796,024	1,443,901	[1]
Commitments and Contingencies (Notes 2, 8 and 12)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized				[1]
Common stock, $.25 par value; 4,000,000 shares authorized, 2,042,789 shares issued and outstanding		510,696	510,696	[1]
Additional paid-in capital		4,171,986	4,205,536	[1]
Retained earnings		19,851,437	18,461,347	[1]
Accumulated other comprehensive loss, net		(381,199)	(212,047)	[1]
Total Air T, Inc. Stockholders' Equity		24,152,920	22,965,532	[1]
Non-controlling Interests		(780,417)	(803,138)	[1]
Total Equity		23,372,503	22,162,394	[1]
Total Liabilities and Equity		$ 70,463,941	$ 65,335,189	[1]

[1] Derived from audited consolidated financial statements