Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 11

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 11
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 considered potential common shares and were included in the weighted average common shares unless they were anti-dilutive. As of June 30, 2025, of the 199,000 options outstanding under the Air T's 2020 Omnibus Stock and Incentive Plan, none were exercisable.The computation of basic and diluted loss per common share is as follows (in thousands, except for per share figures):

19

Three Months Ended June 30,20252024Net (loss) income$(671)$32 Net income attributable to non-controlling interests(965)(367)Net loss attributable to Air T, Inc. Stockholders$(1,636)$(335)Loss per share:Basic$(0.61)$(0.12)Diluted$(0.61)$(0.12)Antidilutive shares excluded from computation of loss per share— — Weighted Average Shares Outstanding:Basic2,703 2,761 Diluted2,703 2,761 

7.    Intangible Assets and Goodwill

Intangible assets as of June 30, 2025 and March 31, 2025 consisted of the following (in thousands):June 30, 2025Gross Carrying AmountAccumulated AmortizationNet Book ValuePurchased software$880 $(582)$298 Internally developed software3,862(1,261)2,601 In-place lease and other intangibles1,094(485)609 Customer relationships8,588(2,283)6,305 Patents1,139(1,115)24 Other1,546(1,115)431 17,109(6,841)10,268 In-process software170—170 Intangible assets, total$17,279 $(6,841)$10,438 March 31, 2025Gross Carrying AmountAccumulated AmortizationNet Book ValuePurchased software$865 $(549)$316 Internally developed software3,658(1,111)2,547In-place lease and other intangibles1,094(460)634Customer relationships8,012(2,007)6,005Patents1,139(1,114)25Other1,512(1,089)42316,280(6,330)9,950In-process software70—70Intangible assets, total$16,350 $(6,