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Note 1A - Restatement of Previously Issued Consolidated Financial Statements - Effect of Correction of Error (Details) - USD ($) | 3 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Mar. 31, 2016 | Mar. 31, 2015
Additional paid-in capital | $ 4,956,171 |  |  | $ 4,956,171 | [1] |
Retained earnings | 23,070,354 |  |  | 28,821,825 | [1] |
Accumulated other comprehensive income (loss), net | (1,760) |  |  | (140,519) | [1] |
Total Air T, Inc. stockholders' equity | 28,617,896 |  |  | 34,230,608 | [1] |
Non-controlling interests | (1,244,777) |  |  | 1,040,922 | [1] |
Total equity | 27,373,119 |  | $ 28,778,033 | 35,271,530 | [1] | $ 29,795,223
Total liabilities and equity | 50,373,955 |  |  | 52,154,752 | [1] |
Net Loss Attributable to Non-controlling Interests | 2,237,909 |  |  |  |  |
Net loss attributable to Air T, Inc. stockholders | $ (5,751,471) | [2] | $ (736,040) |  |  |
Basic (in dollars per share) | $ (2.42) | [2] | $ (0.31) |  |  |
Diluted (in dollars per share) | $ (2.42) | [2] | $ (0.31) |  |  |
Comprehensive Loss Attributable to Non-controlling Interests | $ 2,285,699 |  |  |  |  |
Comprehensive loss attributable to Air T, Inc. stockholders | (5,612,712) |  | (1,017,190) |  |  |
Scenario, Previously Reported [Member] |  |  |  |  |  |
Additional paid-in capital | 4,947,665 |  |  | 4,947,665 |  |
Retained earnings | 25,674,678 |  |  | 29,350,980 |  |
Accumulated other comprehensive income (loss), net | 66,309 |  |  | (117,898) |  |
Total Air T, Inc. stockholders' equity | 31,281,783 |  |  | 34,773,878 |  |
Non-controlling interests | (3,908,664) |  |  | 497,652 |  |
Total equity | 27,373,119 |  |  | 35,271,530 |  |
Total liabilities and equity | 50,373,955 |  |  | $ 52,154,752 |  |
Net Loss Attributable to Non-controlling Interests | 4,313,078 |  |  |  |  |
Net loss attributable to Air T, Inc. stockholders | $ (3,676,302) | [2] | $ (736,040) |  |  |
Basic (in dollars per share) | $ (1.55) | [2] | $ (0.31) |  |  |
Diluted (in dollars per share) | $ (1.55) | [2] | $ (0.31) |  |  |
Comprehensive Loss Attributable to Non-controlling Interests | $ 4,406,316 |  |  |  |  |
Comprehensive loss attributable to Air T, Inc. stockholders | $ (3,492,095) |  |  |  |  |
[1] | Derived from audited financial statements
[2] | Earnings per common share have been restated for the three-month period ended June 30, 2016. See Note 1A.

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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=84228862&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=84228862&loc=d3e681-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=84228862&loc=SL7669686-108580 + Details
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