Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 75

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 75
---
 with CAM for $2.5 million with an interest rate of 10.0%, through conversion of a portion of the Company's accounts receivable from CAM. All outstanding principal and accrued interest will become due and payable to the Company on the maturity date, which is October 15, 2027. Prior to the maturity, CAM may prepay any accrued interest or principal outstanding without penalty.CAM's HLBV net assets, including common interests and investor interests, was $37.3 million and $27.1 million as of June 30, 2025 and 2024, respectively. Additionally, contributions from and distributions to both Air T and MRC for the three months ended June 30, 2025 and 2024 is as follows (in thousands):Three Months EndedJune 30, 2025June 30, 2024Contributions$3,767 $— Distributions$2,515 $1,613 Investment balances for the Company's equity method investees as of June 30, 2025 and March 31, 2025 is as follows (in thousands):InvestmentJune 30, 2025March 31, 2025Lendway$858 $729 CCI3,860 3,889 CAM13,385 12,428 Other equity method investments1,797 1,957 Total$19,900 $19,003 Net income (loss) attributable to Air T, Inc. stockholders for the Company's equity method investees, included in non-operating (expense) income on the condensed consolidated statements of income (loss), including basis difference adjustments, during the three months ended June 30, 2025 and 2024 is as follows (in thousands):

23

Three Months EndedInvestmentJune 30, 2025June 30, 2024Lendway$123 $(290)CCI(29)674 CAM(251)1,495 Other equity method investments138 44 Total$(19)$1,923 The Company's equity method investees may, from time to time, make distributions and dividends to the Company in accordance with accumulated earnings at the investee. For the three months ended June 30, 2025 and 2024, the Company received distributions and dividends from equity method investees as follows (in thousands):Three Months EndedInvestmentJune 30, 2025June 30,