| Document and Entity Information - shares | 6 Months Ended | |
| Jun. 30, 2016 | Aug. 19, 2016 | |
| Nature of Organization and Basis of Presentation | ||
| Document Type | 10-Q | |
| Entity Registrant Name | WESTMOUNTAIN DISTRESSED DEBT INC | |
| Entity Central Index Key | 1,421,602 | |
| Document Period End Date | Jun. 30, 2016 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Filer Category | Smaller Reporting Company | |
| Document Fiscal Year Focus | 2,016 | |
| Document Fiscal Period Focus | Q2 | |
| Entity Common Stock, Shares Outstanding | 1,983,150 |
| Balance Sheets - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
| Assets | ||
| Cash | $ 4,610 | $ 12,258 |
| Prepaid expenses | 7,586 | 485 |
| Total current assets | 12,196 | 12,743 |
| Current liabilities: | ||
| Accrued liabilities, related parties | 9,164 | 4,917 |
| Notes payable, related parties | 95,987 | 92,885 |
| Accounts payable and accrued liabilities | 24,451 | 7,537 |
| Total current liabilities | 129,602 | 105,339 |
| Shareholders' (deficit) equity: | ||
| Preferred stock, $0.10 par value; 1,000,000 shares authorized, -0- shares issued and outstanding 2016 and 2015 | ||
| Common stock, $0.001 par value; 200,000,000 shares authorized, 1,983,150 shares issued and outstanding 2016 and 2015 | 1,983 | 1,983 |
| Additional paid-in-capital | 368,982 | 368,982 |
| Deficit accumulated during development stage | (488,371) | (463,561) |
| Total shareholders' equity | (117,406) | (92,596) |
| Total liabilities and shareholders' equity | $ 12,196 | $ 12,743 |
| Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 |
| Statement of Financial Position [Abstract] | ||
| Preferred stock, par value per share | $ 0.1 | $ 0.1 |
| Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
| Preferred stock, shares issued | ||
| Preferred stock, shares outstanding | ||
| Common stock, par value per share | $ 0.001 | |
| Common stock, shares authorized | 200,000,000 | 200,000,000 |
| Common stock, shares issued | 1,983,150 | 1,983,150 |
| Common stock, shares outstanding | 1,983,150 | 1,983,150 |
| Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
| Operating expenses | ||||
| Selling, general and administrative expense | $ 24,311 | $ 8,185 | $ 17,661 | $ 36,569 |
| Total operating expenses | 24,311 | 8,185 | 17,661 | 36,569 |
| Net loss from operations | (24,311) | (8,185) | (17,661) | (36,569) |
| Other income (expense) | ||||
| Interest income | ||||
| Interest expense | (2,612) | (3,642) | (7,149) | (4,511) |
| Net loss before income taxes | (26,923) | (11,827) | (24,810) | (41,080) |
| Provision for income taxes | ||||
| Net loss | $ (26,923) | $ (11,827) | $ (24,810) | $ (41,080) |
| Basic and diluted loss per share | $ (0.01) | $ (0.01) | $ (0.01) | $ (0.02) |
| Basic and diluted weighted average common shares outstanding | 1,983,150 | 1,983,150 | 1,983,150 | 1,983,150 |
| Statements of Cash Flows - USD ($) | 6 Months Ended | |
| Jun. 30, 2016 | Jun. 30, 2015 | |
| Cash flows from operating activities: | ||
| Net loss | $ (24,810) | $ (41,080) |
| Changes in operating assets and operating liabilities | ||
| Prepaid expenses | (7,101) | 4,100 |
| Accounts payable and accrued liabilities | 16,914 | (8,850) |
| Indebtedness to related parties and accrued liabilities | 7,349 | 1,955 |
| Net cash (used in) operating activities | (7,648) | (43,875) |
| Cash flows from financing activities: | ||
| Proceeds from note payable, related parties | 37,256 | |
| Net cash provided by financing activities | 37,256 | |
| Net change in cash | (7,648) | (6,619) |
| Cash, beginning of period | 12,258 | 8,071 |
| Cash, end of period | $ 4,610 | $ 1,452 |
| Nature of Organization and Summary of Significant Accounting Policies | 6 Months Ended |
| Jun. 30, 2016 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Nature of Organization and Significant Accounting Policies | 1) Nature of Organization and Summary of Significant Accounting Policies Nature of Organization and Basis of Presentation WestMountain Distressed Debt, Inc. was incorporated in the state of Colorado on October 18, 2007 and on this date approved its business plan and commenced operations. The Company is presently planning to develop and implement a web site based operation to gather additional potential investment opportunities beyond what it can generate through our network of contacts. The Company also plans to utilize the most current technology to analyze investments and believes the technology will assist in the analysis of each opportunity. Unaudited Interim Condensed Financial Statements We have prepared our unaudited interim condensed financial statements included herein pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to these rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. In our opinion, the unaudited interim condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly, in all material respects, our financial position as of June 30, 2016, the interim results of operations for the three and six months ended June 30, 2016 and 2015, and cash flows for the six months ended June 30, 2016 and 2015. These interim statements have not been audited. The balance sheet as of December 31, 2015 was derived from our audited financial statements included in our annual report on Form 10-K. The unaudited interim condensed financial statements contained herein should be read in conjunction with our audited financial statements, including the notes thereto, for the year ended December 31, 2015. The unaudited condensed financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results. Use of Estimates The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Going Concern The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The company has incurred losses since its inception resulting in an accumulated deficit of $488,371 as of June 30, 2016, and further losses are anticipated in the development of its business. The company had stock listing fees of $10,000 due to OTC Markets on March 1, 2016 which have not yet been paid. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's continuation as a going concern is dependent upon its ability to obtain additional operating capital, commence operations, provide competitive services, and ultimately to attain profitability. Recently Issued Accounting Pronouncements On August 27, 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which is intended to define management's responsibility to evaluate whether there is substantial doubt about the Company's ability to continue as a going concern and to provide related footnote disclosures. This standard will be effective for the Company for the year ending on December 31, 2016. Early application is permitted. The Company is currently evaluating the impact of ASU No. 2014-15. |
| Income Taxes | 6 Months Ended |
| Jun. 30, 2016 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | (2) Income Taxes The Company incurred net operating losses during all periods presented resulting in a deferred tax asset, which was fully allowed for; therefore, the net benefit and expense resulted in $-0- income taxes. |
| Related Parties | 6 Months Ended |
| Jun. 30, 2016 | |
| Related Party Transactions [Abstract] | |
| Related Parties | (3) Related Parties We entered into an agreement with SP Business Solutions ("SP") to provide accounting and related services for the Company. The owner, Joni Troska, was appointed Secretary of WestMountain Distressed Debt, Inc. on October 15, 2009, and is considered to be a related party. Total expenses incurred for the three months ended June 30, 2016 and 2015 with SP were $500 and $500, respectively. Total expenses incurred for the six months ended June 30, 2016 and 2015 with SP were $1,000 and $1,000, respectively. As of June 30, 2016 an accrual of $1,000 has been recorded for unpaid services. On October 17, 2014, we entered into a Promissory Note Agreement with WestMountain Company, a related party, in the amount of $25,000. The note bears an interest rate of 18% per annum until paid in full. Repayment of the loan was due on or before April 16, 2015. On April 18, 2015, we entered into a new Promissory Note Agreement for the total principal and interest due on the original note as of April 18, 2015. The new principal amount is $27,256. The new note carries an interest rate of 18% per annum until paid in full. Repayment of the loan was due on or before October 18, 2015. On October 18, 2015 we entered into a new Promissory Note Agreement for the total principal and interest due on the extension as of October 18, 2015. The new principal amount is $29,729. The new note carries an interest rate of 18% per annum until paid in full. Repayment of the loan is due on or before April 18, 2016. This note is currently in default. The default interest rate is 24% which has been applied to calculate accrued interest beginning on the maturity date of the note. As of June 30, 2016, the total principal and interest due on this note is $33,482. On January 27, 2015, we entered into a Promissory Note Agreement with WestMountain Company, a related party, in the amount of $25,000. The note bears an interest rate of 18% per annum until paid in full. Repayment of the loan was due on or before July 27, 2015. On July 27, 2015, we entered into a new Promissory Note Agreement for the total principal and interest due on the original note as of July 27, 2015. The new principal amount was $27,244. The new note carried an interest rate of 18% per annum until paid in full. Repayment of the loan was due on or before January 27, 2016. On January 27, 2016, we entered into a new Promissory Note Agreement for the total principal and interest due on the extension as of January 27, 2016. The new principal amount was $29,730. The new note carried an interest rate of 18% per annum until paid in full. Repayment of the loan is due on or before July 29, 2016. Since the note was due July 29, 2016, it is currently in default. The default interest rate is 24%. As of June 30, 2016, principal and interest due on this note is $31,988. On May 4, 2015, we entered into a Promissory Note Agreement with WestMountain Company, a related party, in the amount of $10,000. The note bears an interest rate of 18% per annum until paid in full. Repayment of the loan was due on or before November 4, 2015. On November 4, 2015 we entered into a new Promissory Note Agreement for the total principal and interest due on the original note as of November 4, 2015. The new principal amount is $10,912. The new note carried an interest rate of 18% per annum until paid in full. Repayment of the loan is due on or before May 5, 2016. As of June 30, 2016, principal and interest due on this note is $12,299. On August 4, 2015, we entered into a Promissory Note Agreement with BOCO Investments, a related party, in the amount of $25,000. The note bears an interest rate of 6% per annum until paid in full. Repayment of the loan was due on or before December 31, 2015. As of December 31, 2015, principal and interest due on this note is $25,616. On January 1, 2016, we entered into a new Promissory Note Agreement for the total principal and interest due on the original note as of December 31, 2015. The new principal amount is $25,616. The new note carried an interest rate of 6% per annum until paid in full. Repayment of the loan is due on or before May 1, 2016. As of June 30, 2016, principal and interest due on this note is $26,382. We are negotiating terms for an extension of notes which are in default. A summary of the notes payable and related interest for the periods presented on the Balance Sheet are as follows: As of June 30, 2016 As of December 31, 2015 NOTE NOTE Due Principal Interest Total Due Principal Interest Total Date Date Due Due Due Date Date Due Due Due 10/18/2015 4/18/2016 $ 29,729 $ 3,753 $ 33,482 10/18/2015 4/18/2016 $ 29,729 $ 1,085 $ 30,814 1/27/2016 7/29/2016 29,730 2,258 31,988 7/27/2015 1/27/2016 27,244 2,109 29,353 11/4/2015 5/5/2016 10,912 1,387 12,299 11/4/2015 5/5/2016 10,912 307 11,219 1/1/2016 6/30/2016 25,616 766 26,382 8/4/2015 12/31/2015 25,000 616 25,616 TOTAL DUE $ 95,987 $ 8,164 $ 104,151 TOTAL DUE $ 92,885 $ 4,117 $ 97,002 |
| Nature of Organization and Summary of Significant Accounting Policies (Policy) | 6 Months Ended |
| Jun. 30, 2016 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Nature of Organization and Basis of Presentation | Nature of Organization and Basis of Presentation WestMountain Distressed Debt, Inc. was incorporated in the state of Colorado on October 18, 2007 and on this date approved its business plan and commenced operations. The Company is presently planning to develop and implement a web site based operation to gather additional potential investment opportunities beyond what it can generate through our network of contacts. The Company also plans to utilize the most current technology to analyze investments and believes the technology will assist in the analysis of each opportunity. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has no history of operations, limited assets, and has incurred operating losses since inception. These factors, among others, raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's continuation as a going concern is dependent upon its ability to obtain additional operating capital, commence operations, provide competitive services, and ultimately to attain profitability. |
| Unaudited Interim Condensed Financial Statements | Unaudited Interim Condensed Financial Statements We have prepared our unaudited interim condensed financial statements included herein pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to these rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. In our opinion, the unaudited interim condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly, in all material respects, our financial position as of June 30, 2016, the interim results of operations for the three and six months ended June 30, 2016 and 2015, and cash flows for the six months ended June 30, 2016 and 2015. These interim statements have not been audited. The balance sheet as of December 31, 2015 was derived from our audited financial statements included in our annual report on Form 10-K. The unaudited interim condensed financial statements contained herein should be read in conjunction with our audited financial statements, including the notes thereto, for the year ended December 31, 2015. The unaudited condensed financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results. |
| Going Concern | Going Concern The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The company has incurred losses since its inception resulting in an accumulated deficit of $488,371 as of June 30, 2016, and further losses are anticipated in the development of its business. The company had stock listing fees of $10,000 due to OTC Markets on March 1, 2016 which have not yet been paid. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern. |
| Use of Estimates | Use of Estimates The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
| Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements On August 27, 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which is intended to define management's responsibility to evaluate whether there is substantial doubt about the Company's ability to continue as a going concern and to provide related footnote disclosures. This standard will be effective for the Company for the year ending on December 31, 2016. Early application is permitted. The Company is currently evaluating the impact of ASU No. 2014-15. |
| Related Parties (Tables) | 6 Months Ended |
| Jun. 30, 2016 | |
| Related Party Transactions [Abstract] | |
| Notes payable and related interest | A summary of the notes payable and related interest for the periods presented on the Balance Sheet are as follows: As of June 30, 2016 As of December 31, 2015 NOTE NOTE Due Principal Interest Total Due Principal Interest Total Date Date Due Due Due Date Date Due Due Due 10/18/2015 4/18/2016 $ 29,729 $ 3,753 $ 33,482 10/18/2015 4/18/2016 $ 29,729 $ 1,085 $ 30,814 1/27/2016 7/29/2016 29,730 2,258 31,988 7/27/2015 1/27/2016 27,244 2,109 29,353 11/4/2015 5/5/2016 10,912 1,387 12,299 11/4/2015 5/5/2016 10,912 307 11,219 1/1/2016 6/30/2016 25,616 766 26,382 8/4/2015 12/31/2015 25,000 616 25,616 TOTAL DUE $ 95,987 $ 8,164 $ 104,151 TOTAL DUE $ 92,885 $ 4,117 $ 97,002 |
| Income Taxes (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
| Income Tax Disclosure [Abstract] | ||||
| Provision for income taxes | ||||
| Related Parties (Details) - Officer [Member] - USD ($) | 6 Months Ended | |
| Jun. 30, 2016 | Jun. 30, 2015 | |
| Related Party Transaction [Line Items] | ||
| Amount of related party transaction | $ 500 | $ 500 |
| Unpaid services | $ 500 | |
| Interest rate on promissory note | 18.00% | |
| Related Parties - Summary of Notes Payable and Interest (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
| Jun. 30, 2016 | Dec. 31, 2015 | |
| Total principle Due | $ 95,987 | $ 92,885 |
| Total interest due | 8,164 | 4,117 |
| Total Due | $ 104,151 | $ 97,002 |
| BOCO Note 4 Member | ||
| Note Date | Aug. 4, 2015 | |
| Due Date | Dec. 31, 2015 | |
| Principle Due | $ 25,000 | |
| Interest Due | $ 616 | |
| WM Co Note 1 Member | ||
| Note Date | Oct. 18, 2015 | Jul. 28, 2015 |
| Due Date | Apr. 18, 2016 | Jan. 28, 2016 |
| Principle Due | $ 29,729 | $ 29,729 |
| Interest Due | 3,753 | 1,085 |
| Total principle Due | $ 32,148 | |
| Total Due | $ 30,814 | |
| WM Co Note 2 Member | ||
| Note Date | Jan. 27, 2016 | Jul. 28, 2015 |
| Due Date | Jul. 29, 2016 | Jan. 28, 2016 |
| Principle Due | $ 29,730 | $ 27,244 |
| Interest Due | 22,258 | 2,109 |
| Total principle Due | $ 30,653 | |
| Total Due | $ 29,353 | |
| WM Co Note 3 Member | ||
| Note Date | Nov. 4, 2015 | May 4, 2015 |
| Due Date | May 5, 2016 | May 5, 2016 |
| Principle Due | $ 10,912 | $ 10,912 |
| Interest Due | 1,387 | 307 |
| Total principle Due | $ 11,708 | |
| Total Due | 11,219 | |
| BOCO Note 4 Member | ||
| Note Date | Jan. 1, 2016 | |
| Due Date | May 1, 2016 | |
| Principle Due | $ 25,616 | |
| Interest Due | 766 | |
| Total principle Due | $ 26,000 | |
| Total Due | $ 25,616 |
