Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2019	Mar. 31, 2019
Current Assets:
Cash and cash equivalents	$ 11,536	$ 12,417
Marketable securities	1,845	1,760
Restricted cash	10,069	123
Restricted investments	1,008	831
Accounts receivable, net of allowance for doubtful accounts of $394 and $408	15,828	10,881
Income tax receivable	1,504	142
Inventories, net	68,116	27,455
Other current assets	7,302	6,138
Current assets of discontinued operations	0	11,601
Total current assets	117,208	71,348
Assets on lease, net of accumulated depreciation of $5,780 and $6,689	15,825
Assets on lease, net of accumulated depreciation of $5,780 and $6,689		25,164
Property and equipment, net of accumulated depreciation of $4,104 and $3,470	4,172	4,264
Right-of-use assets	8,458	0
Cash surrender value of life insurance policies, net of policy loans	163	122
Other tax receivables-long-term	0	311
Deferred income tax assets	261	548
Investments in securities	1,438	1,086
Equity method investments	5,481	5,611
Other assets	316	200
Intangible assets, net of accumulated amortization of $2,303 and $2,097	826	998
Goodwill	4,227	4,227
Non-current assets of discontinued operations	0	1,264
Total Assets	158,375	115,143
Current Liabilities:
Accounts payable	11,105	11,409
Income tax payable	0	888
Accrued expenses and other	12,624	14,175
Current portion of long-term debt	51,504	24,735
Short-term lease liability	1,134	0
Current liabilities of discontinued operations	0	1,587
Total Current Liabilities	76,367	52,794
Long-term debt	39,995	32,918
Deferred income tax liabilities	1,604	0
Long-term lease liability	7,779	0
Other non-current liabilities	1,039	597
Liabilities, Total	126,784	86,309
Redeemable Noncontrolling Interest, Equity, Carrying Amount	8,190	5,476
Commitments and contingencies (Note 15)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized	0	0
Common stock, $.25 par value; 4,000,000 shares authorized, 3,023,085 and 2,022,637 shares issued, 2,912,599 and 2,022,637 shares outstanding	756	506
Treasury stock, 110,146 shares at $19.58	(2,157)	0
Additional paid-in capital	1,029	2,866
Retained earnings	23,180	21,191
Accumulated other comprehensive loss	(420)	(205)
Total Air T, Inc. Stockholders' Equity	22,388	24,358
Non-controlling Interests	1,013	(1,000)
Total Equity	23,401	23,358
Total Liabilities and Equity	$ 158,375	$ 115,143