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Note 3 - Acquisition of Interests in Contrail (As Amended) - Assets Acquired and Liabilities Assumed (Details) - USD ($) | Sep. 30, 2016 | Jul. 18, 2016 | Mar. 31, 2016 | [1]
--- | --- | --- | --- | ---
ASSETS |  |  |
Goodwill | $ 3,986,865 |  | $ 275,408
Contrail Aviation Inc. [Member] |  |  |
ASSETS |  |  |
Goodwill | $ 3,986,865 | $ 3,986,865 |
Contrail Aviation Inc. [Member] | Contrail Aviation Support LLC. [Member] |  |  |
ASSETS |  |  |
Accounts receivable |  | 1,357,499 |
Inventories |  | 2,118,475 |
Prepaid expenses |  | 30,121 |
Property and equipment |  | 33,095 |
Total assets |  | 8,415,755 |
LIABILITIES |  |  |
Accounts payable |  | 366,575 |
Accrued expenses |  | 43,652 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Earnout Liability |  | 2,900,000 |
Total liabilities |  | 3,310,227 |
Net Assets |  | 5,105,528 |
Contrail Aviation Inc. [Member] | Contrail Aviation Support LLC. [Member] | Noncompete Agreements [Member] |  |  |
ASSETS |  |  |
Intangible assets - non-compete |  | 69,700 |
Contrail Aviation Inc. [Member] | Contrail Aviation Support LLC. [Member] | Trade Names [Member] |  |  |
ASSETS |  |  |
Intangible assets - non-compete |  | 322,000 |
Contrail Aviation Inc. [Member] | Contrail Aviation Support LLC. [Member] | Certification Marks [Member] |  |  |
ASSETS |  |  |
Intangible assets - non-compete |  | 47,000 |
Contrail Aviation Inc. [Member] | Contrail Aviation Support LLC. [Member] | Customer Relationships [Member] |  |  |
ASSETS |  |  |
Intangible assets - non-compete |  | $ 451,000 |
[1] | Derived from audited consolidated financial statements

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