XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Basis of Presentation
3 Months Ended
Mar. 31, 2017
Basis of Presentation [Abstract]  
Basis of Presentation
Note 1 - Basis of Presentation

The accompanying unaudited condensed consolidated financial statements, in the opinion of Adams Resources & Energy, Inc., a Delaware corporation, and its wholly owned subsidiaries (collectively, the ‟Company”) management, include all adjustments (consisting of normal recurring accruals) necessary for the fair presentation of its financial position at March 31, 2017, its results of operations for the three months ended March 31, 2017 and 2016 and its cash flows for the three months ended March 31, 2017 and 2016. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles (‟GAAP”) have been condensed or omitted pursuant to Securities and Exchange Commission rules and regulations.

Although the Company believes the disclosures made are adequate to make the information presented not misleading, it is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the financial statements, and the notes thereto, included in the Company's latest Annual Report on Form 10-K. The interim statement of operations is not necessarily indicative of results to be expected for a full year.