XML 23 R20.htm IDEA: XBRL DOCUMENT
v3.19.3

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Accounting Policies [Abstract] |
Schedule of inventory valuation |
|  | September 30, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
|  | (Unaudited) |  |  |  |
Raw Materials |  | $ | 4,369,000 |  |  | $ | 4,622,000 |
Work In Progress |  |  | 20,298,000 |  |  |  | 17,530,000 |
Finished Goods |  |  | 9,966,000 |  |  |  | 10,915,000 |
Inventory Reserve |  |  | (4,281,000 | ) |  |  | (4,016,000 | )
Total Inventory |  | $ | 30,352,000 |  |  | $ | 29,051,000 |
Schedule of credit and concentration risks |
Customer |  | Percentage of Sales |
|  | September 30, 2019 |  |  | September 30, 2018 |
|  | (Unaudited) |  |  | (Unaudited) |
1 |  |  | 35.0 |  |  |  | 27.1 |
2 |  |  | 26.7 |  |  |  | 28.5 |
3 |  |  | * |  |  |  | 13.7 |
* Customer was less than 10% of sales for the three months ended September 30, 2019.
Customer |  | Percentage of Sales |
|  | September 30, 2019 |  |  | September 30, 2018 |
|  | (Unaudited) |  |  | (Unaudited) |
1 |  |  | 31.1 |  |  |  | 27.5 |
2 |  |  | 31.0 |  |  |  | 33.3 |
3 |  |  | 11.3 |  |  |  | 11.5 |
Customer |  | Percentage of Receivables |
|  | September 30, 2019 |  |  | December 31, 2018 |
|  | (Unaudited) |  |  |  |
1 |  |  | 24.0 |  |  |  | 38.5 |
2 |  |  | 19.5 |  |  |  | 26.4 |
3 |  |  | 11.1 |  |  |  | * |
* Customer was less than 10% of gross receivables at December 31, 2018.
Schedule of earnings per share |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2019 |  |  | September 30, 2018 |  |  | September 30, 2019 |  |  | September 30, 2018 |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Weighted average shares outstanding used to compute basic earnings per share |  |  | 28,909,072 |  |  |  | 26,768,914 |  |  |  | 28,774,041 |  |  |  | 26,295,703 |
Effect of dilutive stock options and warrants |  |  | 131,458 |  |  |  | — |  |  |  | — |  |  |  | — |
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share |  |  | 29,040,530 |  |  |  | 26,768,914 |  |  |  | 28,774,041 |  |  |  | 26,295,703 |
Schedule of anti-dilutive securities |
|  | Three and Nine Months Ended |
|  | September 30, 2019 |  |  | September 30, 2018 |
|  | (Unaudited) |  |  | (Unaudited) |
Stock Options |  |  | 852,000 |  |  |  | 215,000 |
Warrants |  |  | 2,183,000 |  |  |  | 1,480,000 |
|  |  | 3,035,000 |  |  |  | 1,695,000 |
|  | Nine Months Ended |  |  | Three and Nine Months Ended |
|  | September 30, 2019 |  |  | September 30, 2018 |
|  | (Unaudited) |  |  | (Unaudited) |
Stock Options |  |  | 500,000 |  |  |  | 695,000 |
Warrants |  |  | — |  |  |  | 480,000 |
|  |  | 500,000 |  |  |  | 1,175,000 |

X
- Definition Tabular disclosure of anti dilutive securities. + References No definition available. + Details
Name: | airi_AntidilutiveSecuritiesTableTextBlock
Namespace Prefix: | airi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13537-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13531-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6442-108592 + Details
Name: | us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration