ScripsAmerica, Inc. filed a motion in the US Bankruptcy Court for the sale of its subsidiaries on October 14, 2016. The debtor seeks the Court’s approval for the sale of its subsidiaries by way pf an auction process. The debtor’s assets include all of the debtor’s 100% equity interest in Pharmacy Administration, Inc., and 90% equity interest P.I.M.D. International LLC. To qualify as a qualified bidder, interested parties should submit their bids by January 19, 2017. The initial minimum overbid should be at least $0.03 million more than the initial purchase price accompanied with a good faith deposit in the amount greater of $0.10 million or 10% of the bid. The debtor has scheduled an auction on January 24, 2017. At the auction, the subsequent bids would be in increments of $0.03 million. The sale hearing is scheduled for January 25, 2017.