For the quarter ending 2025-12-31, AIRTP has $381,765K in assets. $375,868K in debts. $37,367K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 37,367 | 17,458 | 14,460 | 5,932 |
| Marketable securities | 595 | 1,102 | 485 | 422 |
| Restricted cash | 4,813 | 80 | 513 | 575 |
| Restricted investments | 721 | 0 | 758 | 683 |
| Accounts receivable, net of allowance for doubtful accounts of 2,361 and 1,338 | 43,181 | 18,637 | 24,633 | 23,917 |
| Income tax receivable | 94 | 174 | 1,016 | 681 |
| Inventories, net | 65,412 | 46,626 | 39,886 | 38,516 |
| Prepaid expenses | 3,416 | 3,555 | 3,811 | 3,103 |
| Due from crestone asset management, llc for expense reimbursements | - | - | - | 180 |
| Other current assets | 5,464 | 8,175 | 7,371 | 4,498 |
| Total current assets | 161,063 | 95,807 | 92,933 | 78,507 |
| Notes receivable-Nonrelated Party | 3,250 | 3,250 | 3,350 | 3,350 |
| Notes receivable-Related Party | 1,160 | 1,527 | 2,500 | 2,500 |
| Assets on lease or held for lease, net of accumulated depreciation of 60 and 1,451 | 0 | 0 | 14,073 | 14,662 |
| Property and equipment, net of accumulated depreciation of 10,771 and 9,240 | 136,359 | 19,897 | 20,116 | 20,285 |
| Finite-lived intangible assets, net | 13,236 | 9,973 | - | - |
| Indefinite-lived intangible assets, gross carrying amount | 658 | 445 | - | - |
| Intangible assets, net of accumulated amortization of 7,534 and 6,330 | 13,894 | 10,418 | 10,438 | 10,020 |
| Right-of-use ('rou') assets | 15,175 | 12,269 | 12,898 | 13,274 |
| Equity method investments | 33,580 | 27,866 | 19,900 | 19,003 |
| Other assets | 5,379 | 1,805 | 1,926 | 1,635 |
| Goodwill | 11,905 | 11,902 | 11,903 | 10,542 |
| Total assets | 381,765 | 184,741 | 190,037 | 173,778 |
| Accounts payable | 15,997 | 15,771 | 17,932 | 17,782 |
| Income tax payable | 1,026 | 1,163 | - | - |
| Accrued expenses and other (note 4) | 46,518 | 22,055 | 20,623 | 16,691 |
| Current portion of long-term debt-Nonrelated Party | 3,686 | 3,447 | 6,080 | 9,099 |
| Current portion of long-term debt-Related Party | 1,277 | 1,460 | 1,431 | 1,282 |
| Current portion of earnout liability | 0 | 0 | 430 | 430 |
| Deferred credit - preliminary bargain purchase gain | 95,840 | - | - | - |
| Short-term lease liability | 3,338 | 2,551 | 2,555 | 2,377 |
| Total current liabilities | 167,682 | 46,447 | 49,051 | 47,661 |
| Long-term debt-Nonrelated Party | 190,543 | 114,979 | 117,762 | 101,226 |
| Long-term debt-Related Party | 0 | 2,421 | 2,798 | 3,288 |
| Deferred income tax liabilities, net | 2,249 | 2,249 | 2,249 | 2,249 |
| Long-term lease liability | 12,827 | 10,665 | 11,293 | 11,843 |
| Long-term earnout liability | 442 | 442 | 706 | 1,109 |
| Other non-current liabilities | 2,125 | 231 | 886 | 866 |
| Total liabilities | 375,868 | 177,434 | 184,745 | 168,242 |
| Redeemable non-controlling interests | 8,045 | 8,220 | 8,210 | 7,054 |
| Preferred stock, 1.00 par value, 4,000,000 shares authorized | 0 | 0 | 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 | 758 | 758 |
| Treasury stock, 327,606 shares at 19.55 and 327,606 shares at 19.55 | 6,404 | 6,404 | 6,404 | 6,404 |
| Additional paid-in capital | 1,076 | 1,028 | 987 | 947 |
| Retained earnings | 2,398 | 4,849 | 494 | 2,130 |
| Accumulated other comprehensive income (loss) | 1,002 | -162 | -465 | -647 |
| Total air t, inc. stockholders' deficit | -1,170 | 69 | -4,630 | -3,216 |
| Non-controlling interests | -978 | -982 | 1,712 | 1,698 |
| Total deficit | -2,148 | -913 | -2,918 | -1,518 |
| Total liabilities and equity | 381,765 | 184,741 | 190,037 | 173,778 |
AIR T INC (AIRTP)
AIR T INC (AIRTP)