Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Mar. 31, 2019
Current Assets:
Cash and cash equivalents (Delphax $9,430 and $12,315)	$ 16,196,626	$ 12,524,321
Marketable securities	1,752,727	1,760,052
Restricted cash	68,979	123,409
Restricted investments	796,958	830,925
Accounts receivable, net of allowance for doubtful accounts of $574,086 and $754,108 (Delphax $291,337 and $294,296)	23,723,077	19,077,248
Notes and other receivables-current	7,170,143	5,026,549
Income tax receivable	883,131	158,446
Inventories, net	36,528,777	29,967,037
Prepaid expenses and other (Delphax $9,672 and $58,164)	1,795,614	1,880,126
Total Current Assets	88,916,032	71,348,113
Assets on lease, net of accumulated depreciation of $6,397,157 and $6,688,630	17,982,582	25,164,497
Property and equipment, net of accumulated depreciation of $5,977,699 and $5,665,498	4,752,051	4,817,912
Right-of-use assets	10,071,405	0
Cash surrender value of life insurance policies, net of policy loans	101,259	122,062
Other tax receivables-long-term (Delphax $0 and $311,000)	0	311,000
Deferred income taxes	600,303	547,987
Investments in funds	318,020	463,892
Investments in securities	557,329	621,610
Equity method investments	4,475,738	5,610,874
Other assets	297,507	491,328
Intangible assets, net of accumulated amortization of $2,207,571 and $2,156,192	1,161,111	1,225,257
Goodwill	4,417,605	4,417,605
Total Assets	133,650,942	115,142,137
Current Liabilities:
Accounts payable (Delphax $96,109 and $2,134,053)	13,296,498	12,552,724
Income tax payable	550,727	661,690
Accrued payroll and related items (Delphax $401,275 and $3,146,395 )	2,729,056	8,910,245
Customer deposits	2,794,277	1,520,000
Accrued insurance liability	1,254,396	1,119,853
Other accrued expenses (Delphax $0 and $11,312)	3,905,819	2,953,176
Deferred income	5,599,423	341,098
Current portion of long-term debt	27,774,151	24,735,224
Short-term lease liability	2,486,842	0
Total Current Liabilities	60,391,189	52,794,010
Long-term debt	36,285,910	32,917,765
Long-term lease liability	8,071,541	0
Other non-current liabilities	1,229,495	596,598
Total Liabilities	105,978,135	86,308,373
Redeemable non-controlling interest	6,685,000	5,476,000
Commitments and contingencies (Note 17)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized	0	0
Common stock, $.25 par value; 4,000,000 shares authorized, 3,015,087 and 2,022,637 shares issued and outstanding	753,770	505,657
Additional paid-in capital	1,629,202	2,866,695
Retained earnings	17,970,387	21,191,126
Accumulated other comprehensive loss	(411,479)	(205,086)
Total Air T, Inc. Stockholders' Equity	19,941,880	24,358,392
Non-controlling Interests	1,045,927	(1,000,628)
Total Equity	20,987,807	23,357,764
Total Liabilities and Equity	$ 133,650,942	$ 115,142,137