XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 9 - Variable Interest Entities (As Restated) (Tables) - Delphax [Member] | 3 Months Ended
--- | ---
Jun. 30, 2016
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | June 30, 2016 |  |  | March 31, 2016 |
|  | (Unaudited) |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 495,668 |  |  | $ | 249,528 |
Accounts receivable, net |  |  | 1,460,541 |  |  |  | 1,433,494 |
Inventories |  |  | 2,834,609 |  |  |  | 4,642,298 |
Other current assets |  |  | 665,481 |  |  |  | 1,034,067 |
Total current assets |  |  | 5,456,299 |  |  |  | 7,359,387 |
Property and equipment |  |  | 66,605 |  |  |  | 625,684 |
Intangible assets |  |  | - |  |  |  | 1,109,112 |
Goodwill |  |  | - |  |  |  | 275,408 |
Other Assets |  |  | - |  |  |  | 26,020 |
Total assets |  | $ | 5,522,904 |  |  | $ | 9,395,611 |
LIABILITIES |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 2,672,207 |  |  | $ | 1,684,802 |
Income tax payable |  |  | 11,312 |  |  |  | 11,312 |
Accrued expenses |  |  | 4,409,633 |  |  |  | 1,926,340 |
Short-term debt |  |  | 2,177,827 |  |  |  | 1,859,300 |
Total current liabilities |  |  | 9,270,979 |  |  |  | 5,481,754 |
Long-term debt |  |  | 2,632,027 |  |  |  | 2,581,107 |
Other long-term liabilities |  |  | - |  |  |  | 606,358 |
Total liabilities |  | $ | 11,903,006 |  |  | $ | 8,669,219 |
Net Assets |  | $ | (6,380,102 | ) |  | $ | 726,392 |
Condensed Income Statement [Table Text Block] |
|  | For the Three Months Ended June 30, 2016 |
|  | (Unaudited) |
Operating Revenues |  | $ | 3,210,088 |
Operating Expenses: |  |  |  |
Cost of sales |  |  | 6,601,734 |
General and administrative |  |  | 1,352,152 |
Research and development |  |  | 510,960 |
Depreciation, amortization and impairment |  |  | 1,680,601 |
|  |  | 10,145,447 |
Operating Loss |  |  | (6,935,359 | )
Non-operating Loss |  |  | (20,940 | )
Loss Before Income Taxes |  |  | (6,956,299 | )
Income Taxes |  |  | - |
Net Loss |  | $ | (6,956,299 | )
Schedule of Intangible Assets and Goodwill [Table Text Block] |
|  | June 30, 2016 |  |  | March 31, 2016 |
|  | (Unaudited) |  |  |  |  |
Tradenames |  | $ | 120,000 |  |  | $ | 120,000 |
Patents |  |  | 1,090,000 |  |  |  | 1,090,000 |
Goodwill |  |  | 375,000 |  |  |  | 375,000 |
|  |  | 1,585,000 |  |  |  | 1,585,000 |
Less accumulated amortization and impairment |  |  | (1,585,000 | ) |  |  | (200,480 | )
Intangible assets and goodwill, net |  | $ | - |  |  | $ | 1,384,520 |

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=airt_DelphaxMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |