Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Mar. 31, 2019
Current Assets:
Cash and cash equivalents	$ 27,434	$ 12,417
Marketable securities	1,423	1,760
Restricted cash	102	123
Restricted investments	1,018	831
Accounts receivable, net of allowance for doubtful accounts of $382 and $408	18,464	10,881
Income tax receivable	1,030	142
Inventories, net	40,370	27,455
Other current assets	9,232	6,138
Current assets of discontinued operations	0	11,601
Total current assets	99,073	71,348
Assets on lease, net of accumulated depreciation of $6,007 and $6,689	21,019	25,164
Property and equipment, net of accumulated depreciation of $3,935 and $3,470	4,310	4,264
Right-of-use assets	7,154	0
Cash surrender value of life insurance policies, net of policy loans	80	122
Other tax receivables-long-term	0	311
Deferred income taxes	781	548
Investments in securities	785	1,086
Equity method investments	4,046	5,611
Other assets	284	200
Intangible assets, net of accumulated amortization of $2,229 and $2,097	898	998
Goodwill	4,227	4,227
Non-current assets of discontinued operations	0	1,264
Total Assets	142,657	115,143
Current Liabilities:
Accounts payable	12,540	11,409
Income tax payable	940	888
Advanced customer deposits	9,996	1,520
Accrued expenses and other	1,380	12,314
Deferred income	295	341
Current portion of long-term debt	29,836	24,735
Short-term lease liability	1,131	0
Current liabilities of discontinued operations	0	1,587
Total current liabilities	56,118	52,794
Long-term debt	45,544	32,918
Long-term lease liability	6,446	0
Other non-current liabilities	1,202	597
Total Liabilities	109,310	86,309
Redeemable non-controlling interest	6,000	5,476
Commitments and contingencies (Note 16)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized	0	0
Common stock, $.25 par value; 4,000,000 shares authorized, 3,022,745 and 2,022,637 shares issued and outstanding	756	506
Additional paid-in capital	2,410	2,866
Retained earnings	23,610	21,191
Accumulated other comprehensive loss	(461)	(205)
Total Air T, Inc. Stockholders' Equity	26,315	24,358
Non-controlling Interests	1,032	(1,000)
Total Equity	27,347	23,358
Total Liabilities and Equity	$ 142,657	$ 115,143