Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Current Assets:
Cash and cash equivalents	$ 12,524,321	$ 4,803,238
Marketable securities	1,760,052	290,449
Restricted cash	123,409	269,659
Restricted investments	830,925	1,235,405
Accounts receivable	19,077,248	15,157,855
Costs and estimated earnings in excess of billings on uncompleted projects		2,012,121
Notes and other receivables-current	5,026,549	658,630
Income tax receivable	158,446	1,557,180
Inventories, net	29,967,037	34,231,005
Prepaid expenses and other	1,880,126	1,455,566
Total Current Assets	71,348,113	61,671,108
Assets on lease, net of accumulated depreciation of $6,688,630 and $1,625,237	25,164,497	15,664,606
Property and equipment, net of accumulated depreciation of $5,665,498 and $4,722,016	4,817,912	4,608,565
Cash surrender value of life insurance policies, net of policy loans	122,062	2,356,507
Other tax receivables-long-term (Delphax $311,000 and $311,000)*	311,000	311,000
Deferred income taxes	547,987
Investments in funds	463,892	324,854
Investments in securities	621,610	1,026,920
Equity method investments	5,610,874	5,032,268
Other assets	491,328	420,981
Intangible assets, net of accumulated amortization of $2,156,192 and $1,788,598	1,225,257	1,312,472
Goodwill	4,417,605	4,417,605
Total Assets	115,142,137	97,146,886
Current Liabilities:
Accounts payable (Delphax $2,134,053 and $2,145,847)*	12,552,724	10,181,143
Income tax payable	661,690	23,000
Accrued payroll and related items	8,910,245	7,632,957
Customer deposits	1,520,000	590,000
Other accrued expenses	4,414,127	3,521,016
Current portion of long-term debt	24,735,224	9,229,690
Total Current Liabilities	52,794,010	31,177,806
Long-term debt	32,917,765	38,855,260
Deferred tax liabilities		92,000
Other non-current liabilities	596,598	785,797
Total Liabilities	86,308,373	70,910,863
Redeemable non-controlling interest	5,476,000	1,992,939
Commitments and contingencies (Note 25)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized
Common stock, $.25 par value; 4,000,000 shares authorized, 2,022,637 and 2,043,607 shares issued and outstanding	505,657	510,901
Additional paid-in capital	2,866,695	4,171,869
Retained earnings	21,191,126	20,695,981
Accumulated other comprehensive loss	(205,086)	(260,900)
Total Air T, Inc. Stockholders' Equity	24,358,392	25,117,851
Non-controlling Interests	(1,000,628)	(874,767)
Total Equity	23,357,764	24,243,084
Total Liabilities and Equity	$ 115,142,137	$ 97,146,886