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Note 1A - Restatement of Previously Issued Consolidated Financial Statements - Effect of Correction of Error (Details) - USD ($) | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Mar. 31, 2016 | Mar. 31, 2015
Basic (in dollars per share) | $ 0.53 | $ 1.60 | $ (2.11) | $ 1.29 | [1] |  |  |
Diluted (in dollars per share) | $ 0.53 | $ 1.58 | $ (2.11) | $ 1.28 | [1] |  |  |
Comprehensive Loss Attributable to Non-controlling Interests | $ 17,365 |  | $ 2,304,878 |  |  |  |  |
Comprehensive income (loss) attributable to Air T, Inc. stockholders | 1,125,580 | 3,520,596 | (4,485,319) | 2,503,405 |  |  |  |
Additional paid-in capital | 4,268,536 |  | 4,268,536 |  |  | $ 4,956,171 | [2] |
Retained earnings | 17,007,516 |  | 17,007,516 |  |  | 28,821,825 | [2] |
Accumulated other comprehensive income (loss), net | 41,531 |  | 41,531 |  |  | (140,519) | [2] |
Total Air T, Inc. stockholders' equity | 21,828,279 |  | 21,828,279 |  |  | 34,230,608 | [2] |
Non-controlling interests | (1,271,567) |  | (1,271,567) |  |  | 1,040,922 | [2] |
Total equity | 20,556,712 | 32,298,628 | 20,556,712 | 32,298,628 |  | 35,271,530 | [2] | $ 29,795,223
Total liabilities and equity | 65,931,550 |  | 65,931,550 |  |  | 52,154,752 | [2] |
Net (Income) Loss Attributable to Non-controlling Interests | 4,288 |  | 2,242,197 |  |  |  |  |
Net income (loss) attributable to Air T, Inc. stockholders | $ 1,084,102 | $ 3,793,960 | $ (4,667,369) | $ 3,057,920 | [1] |  |  |
Scenario, Previously Reported [Member] |  |  |  |  |  |  |  |
Basic (in dollars per share) | $ 0.52 | $ 1.60 | $ (1.18) | $ 1.29 | [1] |  |  |
Diluted (in dollars per share) | $ 0.52 | $ 1.58 | $ (1.18) | $ 1.28 | [1] |  |  |
Comprehensive Loss Attributable to Non-controlling Interests | $ 13,260 |  | $ 4,419,576 |  |  |  |  |
Comprehensive income (loss) attributable to Air T, Inc. stockholders | 1,121,474 |  | (2,370,621) |  |  |  |  |
Additional paid-in capital | 4,260,030 |  | 4,260,030 |  |  | 4,947,665 |  |
Retained earnings | 19,596,287 |  | 19,596,287 |  |  | 29,350,980 |  |
Accumulated other comprehensive income (loss), net | 119,234 |  | 119,234 |  |  | (117,898) |  |
Total Air T, Inc. stockholders' equity | 24,486,247 |  | 24,486,247 |  |  | 34,773,878 |  |
Non-controlling interests | (3,929,535) |  | (3,929,535) |  |  | 497,652 |  |
Total equity | 20,556,712 |  | 20,556,712 |  |  | 35,271,530 |  |
Total liabilities and equity | 65,931,550 |  | 65,931,550 |  |  | $ 52,154,752 |  |
Net (Income) Loss Attributable to Non-controlling Interests | (11,265) |  | 4,301,813 |  |  |  |  |
Net income (loss) attributable to Air T, Inc. stockholders | $ 1,068,549 | $ 3,793,960 | $ (2,607,753) | $ 3,057,920 | [1] |  |  |
[1] | Earnings per common share have been restated for the three and six-month periods ended September 30, 2016. See Note 1A.
[2] | Derived from audited consolidated financial statements

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