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Consolidated Statements of Comprehensive Income (Loss) - USD ($) | 12 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Net income (loss) | $ (4,944,186) | $ 3,757,957
Other Comprehensive Loss: |  |
Foreign currency translation loss | (309,680) | (78,004)
Unrealized net gains (losses) on marketable securities | (1,779,017) | 23,182
Tax effect of unrealized net (gains) losses on marketable securities | 640,446 | (8,346)
Total unrealized net gain (loss) on marketable securities, net of tax | (1,138,571) | 14,836
Reclassification of other-than-temporary impairment losses on investments, net of gains on sale of marketable securities, included in income (loss) before income taxes | 2,179,155 | 49,720
Tax effect of reclassification | (784,446) | (17,899)
Reclassification adjustment, net of tax | 1,394,709 | 31,821
Total Other Comprehensive Loss | (53,542) | (31,347)
Total Comprehensive Income (Loss) | (4,997,728) | 3,726,610
Comprehensive Loss Attributable to Non-controlling Interests | 1,712,660 | 681,694
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders | $ (3,285,068) | $ 4,408,304

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