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v3.8.0.1

Consolidated Statements of Income (Loss) - USD ($) | 12 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Operating Revenues: |  |
Operating Revenues | $ 148,471,659 | $ 148,211,938
Operating Expenses: |  |
Overnight air cargo | 61,661,072 | 59,587,142
Ground equipment sales | 24,350,264 | 38,060,345
Ground support services | 25,089,412 | 20,752,753
Printing equipment and maintenance | 9,490,906 | 3,611,024
Commercial jet engines and parts | 4,501,030 |
Leasing | 49,460 |
Research and development | 1,042,496 | 777,942
General and administrative | 22,180,477 | 18,139,830
Depreciation, amortization and impairment | 3,181,845 | 1,257,207
Loss (gain) on sale of property and equipment | 25,470 | (5,968)
| 151,572,432 | 142,180,275
Operating Income (Loss) | (3,100,773) | 6,031,663
Non-operating Income (Loss): |  |
Gain on sale of marketable securities | 576,162 | 49,720
Foreign currency gain, net | 286,596 | 79,654
Other-than-temporary impairment losses on investments | (2,755,318) |
Other investment income, net | 1,345,798 | 73,115
Interest expense and other | (571,651) | (80,743)
| (1,118,413) | 121,746
Income (Loss) Before Income Taxes | (4,219,186) | 6,153,409
Income Taxes | 725,000 | 2,395,452
Net Income (Loss) | (4,944,186) | 3,757,957
Net Loss Attributable to Non-controlling Interests | 1,730,647 | 655,953
Net Income (Loss) Attributable to Air T, Inc. Stockholders | $ (3,213,539) | $ 4,413,910
Earnings (Loss) Per Share: |  |
Basic (in dollars per share) | $ (1.51) | $ 1.86
Diluted (in dollars per share) | $ (1.51) | $ 1.84
Weighted Average Shares Outstanding: |  |
Basic (in shares) | 2,125,224 | 2,372,527
Diluted (in shares) | 2,125,224 | 2,396,824
Overnight Air Cargo [Member] |  |
Operating Revenues: |  |
Operating Revenues | $ 69,558,334 | $ 68,226,891
Ground Equipment Sales [Member] |  |
Operating Revenues: |  |
Operating Revenues | 31,447,408 | 51,175,818
Ground Support Services [Member] |  |
Operating Revenues: |  |
Operating Revenues | 30,453,246 | 24,834,616
Printing Equipment and Maintenance [Member] |  |
Operating Revenues: |  |
Operating Revenues | 9,019,155 | 3,954,797
Commercial Jet Engines Inventory [Member] |  |
Operating Revenues: |  |
Operating Revenues | 7,455,797 |
Leasing [Member] |  |
Operating Revenues: |  |
Operating Revenues | $ 537,719 | $ 19,816

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