| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 17,458 | 14,460 | ||
| Marketable securities | 1,102 | 485 | ||
| Restricted cash | 80 | 513 | ||
| Restricted investments | 0 | 758 | ||
| Accounts receivable, net of allowance for doubtful accounts of 1,472 and 1,338 | 18,637 | 24,633 | ||
| Income tax receivable | 174 | 1,016 | ||
| Inventories, net | 46,626 | 39,886 | ||
| Prepaid expenses | 3,555 | 3,811 | ||
| Other current assets | 8,175 | 7,371 | ||
| Total current assets | 95,807 | 92,933 | ||
| Notes receivable-Nonrelated Party | 3,250 | 3,350 | ||
| Notes receivable-Related Party | 1,527 | 2,500 | ||
| Assets on lease or held for lease, net of accumulated depreciation of 60 and 1,451 | 0 | 14,073 | ||
| Property and equipment, net of accumulated depreciation of 10,055 and 9,240 | 19,897 | 20,116 | ||
| Finite-lived intangible assets, net | 9,973 | - | ||
| Indefinite-lived intangible assets, gross carrying amount | 445 | - | ||
| Intangible assets, net of accumulated amortization of 7,161 and 6,330 | 10,418 | 10,438 | ||
| Right-of-use ('rou') assets | 12,269 | 12,898 | ||
| Equity method investments | 27,866 | 19,900 | ||
| Other assets | 1,805 | 1,926 | ||
| Goodwill | 11,902 | 11,903 | ||
| Total assets | 184,741 | 190,037 | ||
| Accounts payable | 15,771 | 17,932 | ||
| Income tax payable | 1,163 | - | ||
| Accrued expenses and other (note 4) | 22,055 | 20,623 | ||
| Current portion of long-term debt-Nonrelated Party | 3,447 | 6,080 | ||
| Current portion of long-term debt-Related Party | 1,460 | 1,431 | ||
| Current portion of earnout liability | 0 | 430 | ||
| Short-term lease liability | 2,551 | 2,555 | ||
| Total current liabilities | 46,447 | 49,051 | ||
| Long-term debt-Nonrelated Party | 114,979 | 117,762 | ||
| Long-term debt-Related Party | 2,421 | 2,798 | ||
| Deferred income tax liabilities, net | 2,249 | 2,249 | ||
| Long-term lease liability | 10,665 | 11,293 | ||
| Long-term earnout liability | 442 | 706 | ||
| Other non-current liabilities | 231 | 886 | ||
| Total liabilities | 177,434 | 184,745 | ||
| Redeemable non-controlling interests | 8,220 | 8,210 | ||
| Preferred stock, 1.00 par value, 2,000,000 shares authorized | 0 | 0 | ||
| Common stock, 0.25 par value 4,000,000 shares authorized, 3,030,245 and 3,030,245 shares issued, 2,702,639 and 2,702,639 shares outstanding | 758 | 758 | ||
| Treasury stock, 327,606 shares at 19.55 and 327,606 shares at 19.55 | 6,404 | 6,404 | ||
| Additional paid-in capital | 1,028 | 987 | ||
| Retained earnings | 4,849 | 494 | ||
| Accumulated other comprehensive loss | -162 | -465 | ||
| Total air t, inc. stockholders' equity (deficit) | 69 | -4,630 | ||
| Non-controlling interests | -982 | 1,712 | ||
| Total equity (deficit) | -913 | -2,918 | ||
| Total liabilities and equity | 184,741 | 190,037 | ||
AIR T INC (AIRTP)
AIR T INC (AIRTP)