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Equity Method Investments (Tables) | 3 Months Ended
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Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity Method Investments | CCI and Lendway's combined summarized unaudited financial information for the three months ended March 31, 2025 and 2024 is as follows (in thousands):
| Three Months Ended
| March 31, 2025 |  | March 31, 2024
Revenue | $ | 41,670 |  |  | $ | 45,757 |
Gross Profit | 5,363 |  |  | 6,006 |
Operating income | 1,685 |  |  | 1,206 |
Net income | $ | 368 |  |  | $ | 1,102 |
CAM's HLBV net assets, including common interests and investor interests, was $37.3 million and $27.1 million as of June 30, 2025 and 2024, respectively. Additionally, contributions from and distributions to both Air T and MRC for the three months ended June 30, 2025 and 2024 is as follows (in thousands):
| Three Months Ended
| June 30, 2025 |  | June 30, 2024
Contributions | $ | 3,767 |  |  | $ | — |
Distributions | $ | 2,515 |  |  | $ | 1,613 |
Investment balances for the Company's equity method investees as of June 30, 2025 and March 31, 2025 is as follows (in thousands):
Investment | June 30, 2025 |  | March 31, 2025
Lendway | $ | 858 |  |  | $ | 729 |
CCI | 3,860 |  |  | 3,889 |
CAM | 13,385 |  |  | 12,428 |
Other equity method investments | 1,797 |  |  | 1,957 |
Total | $ | 19,900 |  |  | $ | 19,003 |
Net income (loss) attributable to Air T, Inc. stockholders for the Company's equity method investees, included in non-operating (expense) income on the condensed consolidated statements of income (loss), including basis difference adjustments, during the three months ended June 30, 2025 and 2024 is as follows (in thousands):
| Three Months Ended
Investment | June 30, 2025 |  | June 30, 2024
Lendway | $ | 123 |  |  | $ | (290) |
CCI | (29) |  |  | 674 |
CAM | (251) |  |  | 1,495 |
Other equity method investments | 138 |  |  | 44 |
Total | $ | (19) |  |  | $ | 1,923 |
The Company's equity method investees may, from time to time, make distributions and dividends to the Company in accordance with accumulated earnings at the investee. For the three months ended June 30, 2025 and 2024, the Company received distributions and dividends from equity method investees as follows (in thousands):
| Three Months Ended
Investment | June 30, 2025 |  | June 30, 2024
Lendway | $ | — |  |  | $ | — |
CCI | — |  |  | — |
CAM | 829 |  |  | 1,626 |
Other equity method investments | 298 |  |  | 933 |
Total | $ | 1,127 |  |  | $ | 2,559 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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