XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Debt [Abstract] |
Schedule of notes payable, related party notes payable and finance lease obligations |
|  | September 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Revolving loan payable to Webster Bank (F/K/A Sterling National Bank) (“Webster”) |  | $ | 14,097,000 |  |  | $ | 12,456,000 |
Term loan, Webster |  |  | 4,691,000 |  |  |  | 4,192,000 |
Finance lease obligations |  |  | - |  |  |  | 263,000 |
Loans Payable - financed assets |  |  | 34,000 |  |  |  | 39,000 |
Related party subordinated notes payable |  |  | 6,162,000 |  |  |  | 6,412,000 |
Subtotal |  |  | 24,984,000 |  |  |  | 23,362,000 |
Less: Current portion |  |  | (14,820,000 | ) |  |  | (14,112,000 | )
Long Term Portion |  | $ | 10,164,000 |  |  | $ | 9,250,000 |
Schedule of payments due under the term loan |
For the period ending |  | Amount |
December 31, 2022 (remainder of the year) |  | $ | 178,000 |
December 31, 2023 |  |  | 714,000 |
December 31, 2024 |  |  | 714,000 |
December 31, 2025 |  |  | 3,156,000 |
Webster Term Loan payable |  |  | 4,762,000 |
Less: debt issuance costs |  |  | (71,000 | )
Total Webster Term Loan payable, net of debt issuance costs |  |  | 4,691,000 |
Less: Current portion of Webster Term Loan payable |  |  | (714,000 | )
Total long-term portion of Webster Term Loan payable |  | $ | 3,977,000 |
Schedule of future minimum loan payments |
For the period ending |  | Amount |
December 31, 2022 (remainder of the year) |  | $ | 2,000 |
December 31, 2023 |  |  | 9,000 |
December 31, 2024 |  |  | 9,000 |
December 31, 2025 |  |  | 9,000 |
December 31, 2026 |  |  | 4,000 |
Loans Payable - financed assets |  |  | 33,000 |
Less: Current portion |  |  | (9,000 | )
Long-term portion |  | $ | 24,000 |
Schedule of note holders and the principal balance |
|  | 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 |  |  | 1,000,000 |  |  |  | 350,000 |  |  |  | - |  |  |  | 1,350,000 |
Total |  | $ | 3,666,000 |  |  | $ | 2,255,000 |  |  | $ | 241,000 |  |  | $ | 6,162,000 |

X
- Definition Schedule of future minimum loan payments. + References No definition available. + Details
Name: | airi_ScheduleOfFutureMinimumLoanPaymentsTableTextBlock
Namespace Prefix: | airi_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of notes payable, related party notes payable and finance lease obligations. + 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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://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 https://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 https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration