Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)		Jun. 30, 2018	Mar. 31, 2018
Current Assets:
Cash and cash equivalents	[1]	$ 5,746,521	$ 4,803,238	[2]
Marketable securities		1,055,075	290,449	[2]
Restricted cash		18,832	269,659	[2]
Restricted investments		1,119,490	1,235,405	[2]
Accounts receivable	[1]	19,120,159	15,157,855	[2]
Costs and estimated earnings in excess of billings on uncompleted projects			2,012,121	[2]
Notes and other receivables-current		2,880,560	658,630	[2]
Income tax receivable		1,351,597	1,557,180	[2]
Inventories, net (Delphax $0 and $0)**	[1]	27,619,851	34,231,005	[2]
Prepaid expenses and other (Delphax $58,898 and $72,269)**	[1]	1,147,368	1,455,566	[2]
Total Current Assets		60,059,453	61,671,108	[2]
Investments in securities		2,840,175	1,026,920	[2]
Property and equipment, net		19,417,752	20,273,171	[2]
Cash surrender value of life insurance policies		2,372,289	2,356,507	[2]
Other tax receivables-long-term (Delphax $311,000 and $311,000)**		311,000	311,000	[2]
Investments in funds		314,026	324,854	[2]
Equity method investments		5,238,982	5,032,268	[2]
Other assets		772,109	420,981	[2]
Intangible assets, net		1,371,561	1,312,472	[2]
Goodwill		4,417,605	4,417,605	[2]
Total Assets		97,114,952	97,146,886	[2]
Current Liabilities:
Accounts payable (Delphax $2,160,817 and $2,145,847)**	[1]	14,887,263	10,181,143	[2]
Income tax payable (Delphax $11,312 and $11,312)**	[1]	23,000	23,000	[2]
Accrued expenses (Delphax $3,180,724 and $3,244,514)**	[1]	10,418,865	11,743,973	[2]
Short-term debt		9,544,732	9,229,690	[2]
Total Current Liabilities		34,873,860	31,177,806	[2]
Long-term debt (Delphax $0 and $0)*	[2]	31,322,098	38,855,260
Deferred income taxes		681,000	92,000	[2]
Other non-current liabilities		719,252	785,797	[2]
Total Liabilities		67,596,210	70,910,863	[2]
Redeemable non-controlling interest		2,445,563	1,992,939	[2]
Commitments and contingencies (Note 15)				[2]
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized				[2]
Common stock, $.25 par value; 4,000,000 shares authorized, 2,043,607 shares issued and outstanding		510,901	510,901	[2]
Additional paid-in capital		4,171,869	4,171,869	[2]
Retained earnings		23,418,334	20,695,981	[2]
Accumulated other comprehensive loss		(124,051)	(260,900)	[2]
Total Air T, Inc. Stockholders' Equity		27,977,053	25,117,851	[2]
Non-controlling Interests		(903,874)	(874,767)	[2]
Total Equity		27,073,179	24,243,084	[2]
Total Liabilities and Equity		$ 97,114,952	$ 97,146,886	[2]

[1] Amounts related to Delphax as of June 30, 2018 and March 31, 2018, respectively.

[2] Derived from audited consolidated financial statements