XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.22.1

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of notes payable, related party notes payable and finance lease obligations |
|  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Revolving credit note payable to Webster Bank (F/K/A Sterling National Bank) (“Webster”) |  | $ | 12,456,000 |  |  | $ | 15,649,000 |
Term loan, Webster |  |  | 4,192,000 |  |  |  | 5,558,000 |
Finance lease obligations |  |  | 263,000 |  |  |  | 6,000 |
Loans Payable - financed assets |  |  | 39,000 |  |  |  | 48,000 |
Related party notes payable |  |  | 6,412,000 |  |  |  | 6,012,000 |
Subtotal |  |  | 23,362,000 |  |  |  | 27,273,000 |
Less: Current portion of notes payable, related party notes payable and finance lease obligations |  |  | (14,112,000 | ) |  |  | (16,475,000 | )
Notes payable, related party notes payable and finance lease obligations, net of current portion |  | $ | 9,250,000 |  |  | $ | 10,798,000 |
Schedule of payments for the term note |
For the year ending |  | Amount |
December 31, 2022 |  | $ | 1,599,000 |
December 31, 2023 |  |  | 812,000 |
December 31, 2024 |  |  | 812,000 |
December 31, 2025 |  |  | 969,000 |
Webster Term Loan payable |  |  | 4,192,000 |
Less: debt issuance costs |  |  | (54,000 | )
Total Webster Term Loan payable, net of debt issuance costs |  |  | 4,138,000 |
Less: Current portion of Webster Term Loan payable |  |  | (1,599,000 | )
Total long-term portion of Webster Term Loan payable |  | $ | 2,539,000 |
Schedule of future minimum lease payments |
For the year ending |  | Amount |
December 31, 2022 |  | $ | 58,000 |
December 31, 2023 |  |  | 58,000 |
December 31, 2024 |  |  | 58,000 |
December 31, 2025 |  |  | 58,000 |
December 31, 2026 |  |  | 59,000 |
Total future minimum finance lease payments |  |  | 291,000 |
Less: imputed interest |  |  | (29,000 | )
Less: Current portion |  |  | (48,000 | )
Long-term portion |  | $ | 214,000 |
Schedule of annual maturities of this loan |
For the year ending |  | Amount |
December 31, 2022 |  | $ | 9,000 |
December 31, 2023 |  |  | 9,000 |
December 31, 2024 |  |  | 9,000 |
December 31, 2025 |  |  | 9,000 |
Thereafter |  |  | 3,000 |
Loans Payable - financed assets |  |  | 39,000 |
Less: Current portion |  |  | (9,000 | )
Long-term portion |  | $ | 30,000 |
Schedule of subordinated principal balance of the notes |
|  | Michael Taglich, |  |  | Robert Taglich, |  |  | Taglich Brothers, |  |  |  |
|  | Chairman |  |  | Director |  |  | Inc. |  |  | Total |
Convertible Subordinated Notes |  | $ | 2,666,000 |  |  | $ | 1,905,000 |  |  | $ | 241,000 |  |  | $ | 4,812,000 |
Subordinated Notes |  |  | 1,250,000 |  |  |  | 350,000 |  |  |  | - |  |  |  | 1,600,000 |
Total |  | $ | 3,916,000 |  |  | $ | 2,255,000 |  |  | $ | 241,000 |  |  | $ | 6,412,000 |

X
- References No definition available. + Details
Name: | airi_ScheduleOfAnnualMaturitiesOfThisLoanTableTextBlock
Namespace Prefix: | airi_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | airi_ScheduleOfFutureMinimumLeasePaymentsTableTextBlock
Namespace Prefix: | airi_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | airi_ScheduleOfNotesPayableRelatedPartyNotesPayableAndFinanceLeaseObligationsTableTextBlock
Namespace Prefix: | airi_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of subordinated principal balance of the notes. + References No definition available. + Details
Name: | airi_ScheduleOfSubordinatedPrincipalBalanceOfNotesTableTextBlock
Namespace Prefix: | airi_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration