Company: AIRTP
Filing Date: 2025-06-27
Form Type: 10-K
Source: 0000353184-25-000044
Chunk: 328

Company: AIR T INC
Filing Date: 2025-06-27
Form: 10-K
Item: Item 8
Chunk 328
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 cash, long-term(a)250 Total cash and cash equivalents and restricted cash at end of period$6,757 

(a) Included in other assets on the consolidated balance sheets.

See notes to consolidated financial statements.

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AIR T, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EQUITY

(In thousands)Common StockTreasury StockSharesAmountSharesAmountAdditionalPaid-InCapitalRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)Non-controllingInterests*TotalEquityBalance, March 31, 20233,027 $757 208 $(4,083)$728 $13,686 $816 $1,078 $12,982 Net loss*— — — — — (6,819)— (28)(6,847)Repurchase of common stock— — 49 (876)— — — — (876)Exercise of stock options3 1 — — 25 — — — 26 Stock compensation expense— — — — 106 — — — 106 Foreign currency translation loss— — — — — — (93)— (93)Adjustment to fair value of redeemable non-controlling interest— — — — — 1,325 — — 1,325 Unrealized gain of interest rate swaps— — — — — — 20 — 20 Reclassification of interest rate swaps into earnings— — — — — — (823)— (823)Balance, March 31, 20243,030 $758 257 $(4,959)$859 $8,192 $(80)$1,050 $5,820 

*Excludes amount attributable to redeemable non-controlling interest in Contrail and Shanwick.

51

(In thousands)Common StockTreasury StockSharesAmountSharesAmountAdditionalPaid-InCapitalRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)Non-controllingInterests*TotalEquityBalance, March 31, 20243,030 $758 257 $(4,959)$859 $8,192 $(80)$1,050 $5,820 Net loss*— — — — — (6,