Page
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Report
of Independent Registered Public Accounting Firm
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1
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Financial
Statements:
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Statements
of Net Assets Available for Benefits
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2
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Statements
of Changes in Net Assets Available for Benefits
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3
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Notes
to Financial Statements
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4
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Supplemental
Schedule as of December 31, 2006
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7
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Schedule
H, Line 4i — Schedule of Assets (Held at End of Year)
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8
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Signatures
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9
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Exhibit
Index
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10 |
EXHIBIT23.1
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December
31,
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|||||||
2006
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2005
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||||||
Assets:
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|||||||
Investments,
at fair value
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$
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6,537,575
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$
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5,263,680
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|||
Participant
loans
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22,426
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7,286
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|||||
Assets
held for investment purposes
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6,560,001
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5,270,966
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|||||
Employer’s
contribution receivable
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53,678
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44,558
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Employees'
contribution receivable
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18,800
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Net
assets available for benefits
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$
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6,613,679
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$
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5,334,324
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Years
ended
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|||||||
December
31,
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|||||||
2006
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2005
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||||||
Additions
to net assets attributed to:
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Investment
income:
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|||||||
Dividends
and interest
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$
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187,255
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$
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126,586
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Net
realized and unrealized appreciation
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|||||||
in
fair value of investments
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603,094
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351,102
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790,349
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477,688
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Contributions:
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Participants'
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777,344
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768,516
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|||||
Employer's
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213,505
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98,641
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|||||
990,849
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867,157
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Total
additions
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1,781,198
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1,344,845
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Deductions
from net assets attributed to:
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Withdrawals
and distributions
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474,913
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354,259
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Administrative
expenses
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26,930
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31,612
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Total
deductions
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501,843
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385,871
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Net
increase in net assets
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1,279,355
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958,974
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Net
assets available for benefits:
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Beginning
of year
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5,334,324
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4,375,350
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End
of year
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$
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6,613,679
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$
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5,334,324
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|||
Date
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Number
of shares
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Fair
value
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||||
2006
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63,493
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$
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1,222,240
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||||
2005
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64,486
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$
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1,062,729
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2006
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2005
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Abaxis,
Inc.
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$
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1,222,240
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$
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1,062,729
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Metlife
Stable Value Fund
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480,867
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409,757
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Artisan
Mid Cap Fund
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414,923
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387,446
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Calvert
Income Fund
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580,193
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504,153
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Davis
New York Venture Fund
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778,918
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614,029
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Europacific
Growth fund R4
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535,156
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384,609
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First
Eagle Overseas Fund
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547,848
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385,213
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Goldman
Sachs Mid Cap Value Fund
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366,449
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324,625
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Growth
Fund of America
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513,135
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415,904
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Schwab
S&P 500 Inv SHS
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835,188
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628,812
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Other
funds individually less than 5% of net asset
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285,084
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153,689
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Assets
Held for Investment Purposes
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$
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6,560,001
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$
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5,270,966
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2006
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2005
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Fixed
Income fund
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$
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20,292
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$
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17,
863
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Common
stock
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185,631
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125,633
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Mutual
funds
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397,171
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207,606
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$
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603,094
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$
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351,102
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ABAXIS
TAX DEFERRAL
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EIN:
77-0213001
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|||||||
SAVINGS
PLAN
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PLAN
#001
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SCHEDULE
H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF
YEAR)
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||||||||
DECEMBER
31, 2006
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Identity
of issue, borrower,
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Description
of investment including maturity date,
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lessor
or similar party
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rate
of interest, collateral, par or maturity value
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Fair
Value
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||||||
*
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Abaxis,
Inc.
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Common
stock
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1,222,240
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|||||
Metlife
Stable Value Fund
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Fixed
Income fund
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480,867
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||||||
Artisan
Mid Cap Fund
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Mutual
fund
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414,923
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||||||
Calvert
Income Fund
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Mutual
fund
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580,193
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||||||
Davis
New York Venture Fund
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Mutual
fund
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778,918
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||||||
American
Beacon Large Cap Value Fund
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Mutual
fund
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63,700
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||||||
Europacific
Growth Fund R4
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Mutual
fund
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535,156
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||||||
First
Eagle Overseas Fund
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Mutual
fund
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547,848
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||||||
Goldman
Sachs Mid Cap Value Fund
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Mutual
fund
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366,449
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Growth
Fund of America
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Mutual
fund
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513,135
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*
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Schwab
S&P 500 Inv SHS
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Mutual
fund
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835,188
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Royce
Low Priced Stock FD
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Mutual
fund
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165,802
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*
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Schwab
Government Money Fund
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Mutual
fund
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4
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*
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Schwab
US Treasury Money Fund
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Money
Market
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2,098
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*
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Cash
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Cash
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31,054
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*
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Participant
loans
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Interest
rates ranging from 9.25% to 10.25%
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22,426
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||||
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||||||||
Total
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$
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6,560,001
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ABAXIS
TAX DEFERRAL SAVINGS PLAN
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Date: June 29, 2007 | By: | /s/ Alberto Santa Ines |
Alberto Santa Ines |
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Member
of Abaxis Tax Deferral
Savings
Plan Administrative Committee,
as
Plan Administrator
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By: | /s/ Zara Thomas | |
Zara Thomas |
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Member
of Abaxis Tax Deferral
Savings
Plan Administrative Committee,
as
Plan Administrator
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Exhibit
No.
|
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Description
|
Exhibit 23.1
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CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM
|