Company: AIRTP
Filing Date: 2025-06-27
Form Type: 10-K
Source: 0000353184-25-000044
Chunk: 76

Company: AIR T INC
Filing Date: 2025-06-27
Form: 10-K
Item: Item 1A
Chunk 76
---
 of $1,451 and $814,662 252 Property and equipment, net of accumulated depreciation of $9,240 and $7,70520,285 20,861 Intangible assets, net of accumulated amortization of $6,330 and $5,11910,020 10,978 Right-of-use ("ROU") assets13,274 11,376 Equity method investments19,003 16,653 Other assets (includes $0 and $1,909 measured at fair value)1,635 3,630 Goodwill10,542 10,540 Total Assets173,778 177,167 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Accounts payable$17,782 $15,072 Accrued expenses and other (Note 10)16,691 15,650 Current portion of long-term debt 9,099 14,358 Current portion of long-term debt - related party (Note 12)1,282 — Current portion of earnout liability430 — Short-term lease liability2,377 1,761 Total Current Liabilities47,661 46,841 Long-term debt 101,226 98,568 Long-term debt - related party (Note 12)3,288 — Deferred income tax liabilities, net2,249 2,447 Long-term lease liability 11,843 10,515 Long-term earnout liability1,109 — Other non-current liabilities (includes $44 and $0 measured at fair value)866 — Total Liabilities168,242 158,371 Redeemable non-controlling interest7,054 12,976 Commitments and contingencies (Note 21)Equity:Air T, Inc. Stockholders' (Deficit) Equity:Preferred stock, $1.00 par value, 2,000,000 shares authorized— — Common stock, $0.25 par value; 4,000,000 shares authorized, 3,030,245 and 3,030,245 shares issued, 2,702,639 and 2,775,163 shares outstanding758 758 Treasury stock, 327,606 shares at $19.55 and 256,850 shares at $19.31(6,404)(4,959)Additional paid-in capital947 859