XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.1

Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt [Abstract]

Schedule of Indebtedness to Third Parties

Indebtedness to third parties consists of the following:

		March 31,				December 31,
		2025				2024
Current Credit Facility - Revolver		$	11,204,000			$	12,905,000
Current Credit Facility - Term Loan			6,642,000				5,225,000
Solar Credit Facility			970,000				970,000
Finance lease obligations			953,000				1,007,000
Loans Payable - financed assets			12,000				14,000
Subtotal			19,781,000				20,121,000
Less: Current portion			(18,096,000	)			(18,362,000	)
Long-Term Portion		$	1,685,000			$	1,759,000

Schedule of Payments Due Under the Term Loan

The below table shows the timing of payments due under the Term Loan:

For the year ending		Amount
December 31, 2025		$	6,642,000
Term Loan payable			6,642,000
Less: Current portion of Term Loan payable			(6,642,000	)
Total long-term portion of Term Loan payable		$	-

Schedule of Finance Lease Obligations

The Company has entered into finance leases for the purchase of additional manufacturing equipment. The obligations for the finance leases totaled $953,000 and $1,007,000 as of March 31, 2025 and December 31, 2024, respectively. The leases have an average imputed interest rate of 7.31% per annum and are payable monthly with the final payments due between September of 2026 and May of 2030.

		Three Months Ended
		March 31,				March 31,
		2025				2024
Finance Lease cost:
Amortization of ROU assets		$	49,000			$	38,000
Interest on lease liabilities			18,000				16,000
Total lease Costs		$	67,000			$	54,000
Other Information:
Cash Paid for amounts included in the measurement lease liabilities:
Financing cash flow from finance lease obligations		$	54,000			$	41,000
Supplemental disclosure of non-cash activity
Acquisition of finance lease asset		$	-			$	-

		March 31,				December 31,
		2025				2024
Weighted Average Remaining Lease Term - in years			4.6				4.8
Weighted Average Discount rate - %			7.44	%			7.44	%

Schedule of Future Minimum Finance Lease Payments

As of March 31, 2025, the aggregate future minimum finance lease payments, including imputed interest are as follows:

For the year ending		Amount
December 31, 2025 (remainder of year)		$	218,000
December 31, 2026			266,000
December 31, 2027			190,000
December 31, 2028			190,000
December 31, 2029			190,000
Thereafter			75,000
Total future minimum finance lease payments			1,129,000
Less: imputed interest			(176,000	)
Less: Current portion			(227,000	)
Long-term portion		$	726,000

Schedule of Annual Maturities

Annual maturities of this loan are as follows:

For the year ending		Amount
December 31, 2025 (remainder of year		$	7,000
December 31, 2026			5,000
Loans Payable - financed assets			12,000
Less: Current portion			(9,000	)
Long-term portion		$	3,000

Schedule of Related Party Notes Outstanding

The Related Party Notes outstanding as of March 31, 2025 consist of:

		Michael Taglich,				Robert Taglich,				Taglich Brothers,
		Director				Director				Inc.				Total
Convertible Subordinated Notes		$	2,416,000			$	1,905,000			$	-			$	4,321,000
Subordinated Notes			-				550,000				-				550,000
Total		$	2,416,000			$	2,455,000			$	-			$	4,871,000

The Related Party Notes outstanding as of December 31, 2024 consist of:

		Michael Taglich,				Robert Taglich,				Taglich Brothers,
		Director				Director				Inc.				Total
Convertible Subordinated Notes		$	2,666,000			$	1,905,000			$	241,000			$	4,812,000
Subordinated Notes			800,000				550,000				-				1,350,000
Total		$	3,466,000			$	2,455,000			$	241,000			$	6,162,000

X

- Definition

Tabular disclosure of financing lease obligation.

+ References

No definition available.

+ Details

Name:	airi_ScheduleOfFinancingLeaseObligationTableTextBlock
Namespace Prefix:	airi_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

schedule of payments due under the term loan treat.

+ References

No definition available.

+ Details

Name:	airi_ScheduleOfPaymentsDueUnderTheTermLoanTreatTableTextBlock
Namespace Prefix:	airi_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for related party notes payable table.

+ References

No definition available.

+ Details

Name:	airi_ScheduleOfRelatedPartyNotesPayableTableTextBlock
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 undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration