Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 128

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 128
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------------------|----:|:----|:--------------------------|------:|:----|:--------------------|----:|:----|:-------------------|------:|
|                               |     | Overnight Air Cargo       |     |     | Commercial Aircraft, Engines and Parts |     |     | Ground Support Equipment |     |     | Digital Solutions |     |     | Total Reportable Segments |       |     | Corporate and other |     |     | Total Consolidated |       |
| Depreciation and amortization |     | $                         | 366 |     | $                                      | 756 |     | $                        | 144 |     | $                 | 804 |     | $                         | 2,070 |     | $                   | 728 |     | $                  | 2,798 |
| Capital Expenditures          |     |                           | 535 |     |                                        | 131 |     |                          | 238 |     |                   |   — |     |                           |   904 |     |                     | 172 |     |                    | 1,076 |

20. EARNINGS PER COMMON SHARE

Basic earnings per share has been calculated by dividing net income (loss) attributable to Air T, Inc. stockholders by the weighted average number of common shares outstanding during each period. For purposes of calculating diluted earnings per share, shares issuable under stock options were considered potential common shares and were included in the weighted average common shares unless they were anti-dilutive.

The computation of earnings per common share is as follows (in thousands, except per share data):

|                                                                 |     | Year Ended March 31, |   2025 |       |     |   |   2024 |       |
|:----------------------------------------------------------------|:----|:---------------------|-------:|------:|:----|:--|-------:|------:|
| Net Loss                                                        |     | $                    | -5,411 |       |     | $ | -4,684 |       |
| Net income attributable to non-controlling interests            |     |                      |   -729 |       |     |   | -2,135 |       |
| Net loss attributable to Air T, Inc. Stockholders               |     | $                    | -6,140 |       |     |   | -6,819 |       |
| Loss per share:                                                 |     |                      |        |       |     |   |        |       |
| Basic                                                           |     |