Subsequent Event

3 Months Ended

Mar. 31, 2016

Subsequent Event [Abstract]

Subsequent Event

Note 6 – Subsequent Event

In April 2016 the Company, through its wholly owned subsidiary Adams Resources Medical Management, Inc. (“ARMM”), acquired an approximate 15% equity interest in VestaCare, Inc., a California corporation (“VestaCare”) for a $2,500,000 cash payment.  VestaCare provides an array of software as a service, (“SaaS”) electronic payment technologies to medical providers, payers and patients including VestaCare’s most recent product offering, VestaPay™.  VestaPay™ allows medical care providers to structure fully automated and dynamically updating electronic payment plans for their patients.  As deductibles and copays have risen in recent years, medical care providers are experiencing a significant shift in revenues from the insurance company to the individual patient.  The increasing level of patient obligations has led to significantly increased bad debt write-offs for providers.

ARMM’s equity interest in VestaCare is in the form of convertible Series B Preferred Stock that incorporates customary anti-dilution and other investor protections.  The Company will account for ARMM’s investment in VestaCare under the “Cost Method”.  VestaCare intends to direct these proceeds towards its sales and back-office support functions as it seeks to expand its service offering.