XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Revenues:    
Overnight air cargo $ 48,344,211 $ 42,335,364
Ground equipment sales 32,089,800 32,808,927
Ground support services 8,948,120 8,217,641
89,382,131 83,361,932
Operating Expenses:    
Flight-air cargo 19,874,129 18,406,739
Maintenance-air cargo 21,594,570 17,624,724
Ground equipment sales 28,156,866 27,004,427
Ground support services 6,091,993 6,035,683
General and administrative 11,335,044 10,589,408
Depreciation and amortization 278,357 365,912
Gain on sale of assets (22,368) (103,412)
87,308,591 79,923,481
Operating Income 2,073,540 3,438,451
Non-operating Income (Expense):    
Investment income 34,333 131,851
Interest expense (11,649) (1,400)
22,684 130,451
Income Before Income Taxes 2,096,224 3,568,902
Income Taxes 746,000 1,431,000
Net Income $ 1,350,224 $ 2,137,902
Earnings Per Share:    
Basic (in Dollars per share) $ 0.55 $ 0.88
Diluted (in Dollars per share) $ 0.55 $ 0.87
Dividends Declared Per Share (in Dollars per share) $ 0.25 $ 0.33
Weighted Average Shares Outstanding:    
Basic (in Shares) 2,443,786 2,431,297
Diluted (in Shares) 2,451,209 2,464,354