INVESTMENT IN UNCONSOLIDATED AFFILIATE	12 Months Ended
INVESTMENT IN UNCONSOLIDATED AFFILIATE	Mar. 31, 2015
INVESTMENT IN UNCONSOLIDATED AFFILIATE [Abstract]
INVESTMENT IN UNCONSOLIDATED AFFILIATE	NOTE 7. INVESTMENT IN UNCONSOLIDATED AFFILIATE Our investment in an unconsolidated affiliate consists of an investment in equity securities of Scandinavian Micro Biodevices APS (“SMB”). In February 2011, we purchased a 15% equity ownership interest in SMB, for $2.8 million in cash. SMB is a privately-held developer and manufacturer of point-of-care diagnostic products for veterinary use. SMB, based in Farum, Denmark, has been the original equipment manufacturer of the Abaxis VetScan VSpro point-of-care specialty analyzer since 2008. We accounted for our investment in SMB using the equity method due to our significant influence over SMB’s operations. During fiscal 2015, 2014 and 2013, we recorded our allocated portions of SMB’s net income (loss) of $37,000, $33,000 and $(13,000), respectively.

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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