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Note 1A - Restatement of Previously Issued Consolidated Financial Statements (Tables) | 6 Months Ended
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Sep. 30, 2016
Notes Tables |
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] |
|  | As Previously Reported |  |  | As Restated |
Consolidated Balance Sheet Information (at September 30, 2016): |  |  |  |  |  |  |  |
Additional paid-in capital |  | $ | 4,260,030 |  |  | $ | 4,268,536 |
Retained earnings |  |  | 19,596,287 |  |  |  | 17,007,516 |
Accumulated other comprehensive income (loss), net |  |  | 119,234 |  |  |  | 41,531 |
Total Air T, Inc. stockholders' equity |  |  | 24,486,247 |  |  |  | 21,828,279 |
Non-controlling interests |  |  | (3,929,535 | ) |  |  | (1,271,567 | )
Total equity |  |  | 20,556,712 |  |  |  | 20,556,712 |
Total liabilities and equity |  |  | 65,931,550 |  |  |  | 65,931,550 |
Consolidated Balance Sheet Information (at March 31, 2016): |  |  |  |  |  |  |  |
Additional paid-in capital |  | $ | 4,947,665 |  |  | $ | 4,956,171 |
Retained earnings |  |  | 29,350,980 |  |  |  | 28,821,825 |
Accumulated other comprehensive income (loss), net |  |  | (117,898 | ) |  |  | (140,519 | )
Total Air T, Inc. stockholders' equity |  |  | 34,773,878 |  |  |  | 34,230,608 |
Non-controlling interests |  |  | 497,652 |  |  |  | 1,040,922 |
Total equity |  |  | 35,271,530 |  |  |  | 35,271,530 |
Total liabilities and equity |  |  | 52,154,752 |  |  |  | 52,154,752 |
Consolidated Statement of Income (Loss) (for the three months ended September 30, 2016): |  |  |  |  |  |  |  |
Net (income) loss attributable to non-controlling interests |  | $ | (11,265 | ) |  | $ | 4,288 |
Net income (loss) attributable to Air T, Inc. stockholders |  |  | 1,068,549 |  |  |  | 1,084,102 |
Earnings (loss) per share - basic |  |  | 0.52 |  |  |  | 0.53 |
Earnings (loss) per share - diluted |  |  | 0.52 |  |  |  | 0.53 |
Consolidated Statement of Comprehensive Income (for the three months ended September 30, 2016): |  |  |  |  |  |  |  |
Comprehensive (income) loss attributable to non-controlling interests |  | $ | 13,260 |  |  | $ | 17,365 |
Comprehensive income (loss) attributable to Air T, Inc. stockholders |  |  | 1,121,474 |  |  |  | 1,125,580 |
Consolidated Statement of Income (Loss) (for the six months ended September 30, 2016): |  |  |  |  |  |  |  |
Net (income) loss attributable to non-controlling interests |  | $ | 4,301,813 |  |  | $ | 2,242,197 |
Net income (loss) attributable to Air T, Inc. stockholders |  |  | (2,607,753 | ) |  |  | (4,667,369 | )
Loss per share - basic |  |  | (1.18 | ) |  |  | (2.11 | )
Loss per share - diluted |  |  | (1.18 | ) |  |  | (2.11 | )
Consolidated Statement of Comprehensive Income (for the six months ended September 30, 2016): |  |  |  |  |  |  |  |
Comprehensive (income) loss attributable to non-controlling interests |  | $ | 4,419,576 |  |  | $ | 2,304,878 |
Comprehensive income (loss) attributable to Air T, Inc. stockholders |  |  | (2,370,621 | ) |  |  | (4,485,319 | )

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794 + Details
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