InventaBioTech 10-Q 23 Oct 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 18, 2013
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	30-Sep-13
Entity Registrant Name	WESTMOUNTAIN ASSET MANAGEMENT INC
Entity Central Index Key	1421603
Current Fiscal Year End Date	-19
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2013
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,517,402

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets:
Cash and cash equivalents	$40,181	$50,257
Investments in marketable securities	1,284,965	1,630,964
Accounts receivable, related parties	30,500	37,050
Accounts receivable	28,783	10,000
Prepaid expenses	3,318	2,820
Deferred tax assets, net	133,377	113,037
Certificates of deposit		11,817
Total current assets	1,521,124	1,855,945
Property and equipment, net of accumulated depreciation of $9,473 and $9,447, respectively		26
Intangible assets, net of accumulated amortization of $25,664 and $24,367, respectively	1,396	3,295
Investments in nonmarketable securities, at cost	31,645	31,645
Total assets	1,554,165	1,890,911
Current Liabilities:
Accounts payable and accrued expenses	30,280	28,999
Accrued liabilities, related parties		1,000
Deferred revenue	0	26,000
Total current liabilities	30,280	55,999
Deferred tax liability	347,357	443,085
Total liabilities	377,637	499,084
Shareholders' Equity:
Preferred stock, $0.10 par value; 1,000,000 shares authorized, none issued and outstanding
Common stock, $.001 par value; 50,000,000 shares authorized, 9,517,402 shares issued and outstanding	9,518	9,518
Additional paid-in-capital	927,355	920,946
Accumulated deficit	-350,376	-291,276
Other comprehensive income, net	590,031	752,639
Total shareholders' equity	1,176,528	1,391,827
Total liabilities and shareholders' equity	$1,554,165	$1,890,911

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets
Accumulated depreciation	$9,473	$9,447
Accumulated amortization	$26,266	$24,367
Shareholders' Equity:
Preferred stock, par value per share	$0.10	$0.10
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	9,517,402	9,517,402
Common stock, shares outstanding	9,517,402	9,517,402

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Other Comprehensive Loss (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenue:
Advisory/consulting fees, related parties	$18,000	$30,000	$78,000	$67,500
Advisory/consulting fees	27,700	2,000	86,950	7,000
Management fees, related parties	18,594	18,499	55,892	58,382
Total revenue	64,294	50,499	220,842	132,882
Operating expenses:
Selling, general and administrative expenses	89,301	77,180	249,204	247,084
Total operating expenses	89,301	77,180	249,204	247,084
Income (loss) from operations	-25,007	-26,681	-28,362	-114,202
Other income/(expense):
Interest income	1	1	2	9
Dividend income on nonmarketable securities			16,450
Realized loss on available for sale marketable securities	-29,769		-67,530
Total other income/(expense)	-29,768	1	-51,078	9
Net loss before income taxes	-54,775	-26,680	-79,440	-114,193
Income tax benefit	-14,023	-10,427	-20,340	-31,985
Net loss	-40,752	-16,253	-59,100	-82,208
Comprehensive loss
Unrealized loss on investments in marketable	-215,864	-1,438,120	-162,608	-2,708,568
Comprehensive loss	($256,616)	($1,454,373)	($221,708)	($2,790,776)
Basic net loss per share	$0	$0	($0.01)	($0.01)
Diluted net loss per share	$0	$0	($0.01)	($0.01)
Basic weighted average common shares outstanding	9,517,402	9,517,402	9,517,402	9,517,402
Diluted weighted average common shares outstanding	9,517,402	9,517,402	9,517,402	9,517,402

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net (loss)	($59,100)	($82,208)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,925	5,689
Stock based compensation expense	6,409	13,637
Realized loss on available for sale marketable securities	67,530
Income tax benefit	-20,340	-28,817
Changes in operating assets and operating liabilities:
Prepaid expenses and other current assets	11,319	3,208
Accounts receivable	-18,783	3,000
Accounts receivable, related parties	6,550	-2,004
Accounts payable and accrued liabilities	1,279	-18,631
Accounts payable, related parties	-1,000	95
Income tax refund receivable		-3,168
Deferred revenue	-26,000	38,000
Net cash used in operating activities	-30,211	-71,199
Cash flows from investing activities:
Proceeds from the sale of available for sale marketable securities	20,135
Net cash provided by investing activities	20,135
Net change in cash	-10,076	-71,199
Cash and cash equivalents, beginning of period	50,257	118,566
Cash and cash equivalents, end of period	40,181	47,367
Supplemental disclosure of cash flow information:
Cash paid during the period for Income tax		24,705
Interest
Non cash investing and financing activities:
Unrealized loss on investments in marketable securities	162,608	2,708,568
Conversion of notes receivable to marketable securities		$30,000

Nature_of_Organization_and_Sum

Nature of Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Organization and Summary of Significant Accounting Policies
	(1) Nature of Organization and Summary of Significant Accounting Policies
	Nature of Organization and Basis of Presentation
	WestMountain Asset Management, Inc. (“we”,” our” or the “Company”) was incorporated in the state of Colorado on October 18, 2007 and on this date approved its business plan and commenced operations. The consolidated financial statements include the financial information of WestMountain Asset Management Inc. and its wholly owned subsidiaries, WestMountain Business Consulting, Inc., WestMountain Allocation Analytics, Inc. and WestMountain Valuation Services Inc. All significant intercompany accounts and transactions have been eliminated.
	Unaudited Financial Information
	The accompanying financial information as of September 30, 2013 and for the three and nine months ended September 30, 2013 and 2012 is unaudited. In the opinion of management, all normal and recurring adjustments which are necessary to provide a fair presentation of the Company’s financial position at September 30, 2013 and its operating results for the three and nine months ended September 30, 2013 and 2012 have been made. Certain information and footnote data necessary for a fair presentation of financial position and results of operations in conformity with accounting principles generally accepted in the United States of America have been condensed or omitted. It is therefore suggested that these financial statements be read in conjunction with the summary of significant accounting policies and notes to financial statements included in the Company’s annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2012. The results of operations for the three and nine months ended September 30, 2013 is not necessarily an indication of operating results to be expected for the year.
	Commitments and Contingencies
	Based on currently available information, the Company believes that it is remote that future costs related to known contingent liability exposures will exceed current accruals by an amount that would have a material adverse impact on our financial statements. As the Company learns new facts concerning contingencies, the Company reassesses its position both with respect to accrued liabilities and other potential exposures. In the case of all known contingencies, the Company accrues a liability when the loss is probable and the amount is reasonably estimable. The Company does not reduce these liabilities for potential insurance or third-party recoveries.
	Fair Value of Financial Instruments
	Available-for-sale securities are accounted for on a specific identification basis. As of September 30, 2013 and December 31, 2012 respectively, we held available-for-sale marketable securities with an aggregate fair value of $1,284,965 and $1,630,964, respectively.  As of September 30, 2013, all of our available-for-sale securities were invested in publically traded equity holdings. Available-for-sale securities were classified as current based on the percentage of the equity controlled by the Company as well as our intended use of the assets. The Company recognized unrealized losses, net of tax, in accumulated other comprehensive income (loss) for the nine months ended September 30, 2013 and 2012 in the amounts of $162,608 and $2,708,568, respectively.
	The Company’s assets measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 at September 30, 2013 and December 31, 2012, were as follows:
	Assets and Liabilities Measured at Fair Value on a Recurring Basis as of September 30, 2013
		Quoted Prices in	Significant
		Active Markets for	Other	Significant
		Identical Assets and	Observable	Unobservable	Balance as of
		Liabilities	Inputs	Inputs	September 30,
	Description	(Level 1)	(Level 2)	(Level 3)	2013
	Assets:
	Available-for-sale
	marketable securities	$           1,284,965	$              -	$              -	$        1,284,965
	Assets and Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2012
		Quoted Prices in	Significant
		Active Markets for	Other	Significant
		Identical Assets and	Observable	Unobservable	Balance as of
		Liabilities	Inputs	Inputs	December 31,
	Description	(Level 1)	(Level 2)	(Level 3)	2012
	Assets:
	Available-for-sale
	marketable securities	$              1,630,964	$                -	$                   -	$      1,630,964
	Deferred Revenue
	The Company recognizes deferred revenue on a straight line basis over the period for which the services are performed.  In the second quarter of 2012 we received $50,000 cash that represented services to be provided through August 2013. As of September 30, 2013 and December 31, 2012, we had a deferred revenue balance of $0 and $26,000, respectively. During the nine months ended September 30, 2013 we recognized $26,000 of advisory/consulting fees revenue under this contract.

Investments

Investments	9 Months Ended
	Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]
Investments
	(2)    Investments
	Investments in Available for Sale Marketable Securities
	The Company’s investments in available for sale marketable securities as of September 30, 2013 and December 31, 2012 are summarized below.
						As of September 30, 2013
										Accumulated
						Share		Market/Cost		Unrealized
	Company Name	Shares		Cost		Price		Value		Gain/(Loss)
	Omni Bio Pharmaceutical, Inc.		1,707,107	$	193,634	$	0.2	$	341,420	$	147,787
	Hangover Joe's Holding Corporation (formerly		928,463		106,641		0.0302		28,040		(78,601	)
	Accredited Members Holding Corporation)
	Silver Verde May Mining Co., Inc		246,294		46,488		0.201		49,505		3,017
	WestMountain Gold, Inc. (formerly WestMountain		866,000		866		1		866,000		865,134
	Index Advisor, Inc.)
	Totals		3,747,864	$	347,629			$	1,284,965	$	937,337
						As of December 31, 2012
										Accumulated
						Share		Market/Cost		Unrealized
	Company Name	Shares		Cost		Price		Value		Gain/(Loss)
	Omni Bio Pharmaceutical, Inc.		1,707,107	$	193,634	$	0.5	$	853,553	$	659,919
	Hangover Joe's Holding Corporation (formerly		1,691,713		194,306		0.075		126,878		(67,428	)
	Accredited Members Holding Corporation)
	Silver Verde May Mining Co., Inc.		246,294		46,488		0.18		44,333		(2,155	)
	WestMountain Gold, Inc. (formerly WestMountain		866,000		866		0.7		606,200		605,334
	Index Advisor, Inc.)
	Totals		4,511,114	$	435,294			$	1,630,964	$	1,195,670
	Investments in Nonmarketable Securities
	The Company’s investments in nonmarketable securities accounted for under the cost method as of September 30, 2013 and December 31, 2012 are summarized below.
	Company Name	Shares		Cost
	Nexcore Real Estate, LLC		1,645,000	$	1,645
	SRKP 16, Inc.		200,000		30,000
	Totals		1,845,000	$	31,645
	On January 25, 2013, NexCore Real Estate, LLC declared $0.01 per share cash dividend payable on February 18, 2013 to holders of NexCore common stock of record on February 4, 2013. As of that date, the Company owned 1,645,000 shares of common stock and received a cash dividend of $16,450.
	During the months of June, July and August 2013, the Company sold an aggregate of 763,250 shares of Hangover Joe’s Holding Corporation, (formerly Accredited Members Holding Corporation). The per share sale prices were in the range of $0.01 and $0.05. The Company recorded a realized loss on the sale of these shares in the amount of $67,530, of which $13,248 was included in Other Comprehensive Income on the Balance Sheet.

Stockholders_Equity

Stockholders Equity	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]
Stockholders Equity
	(3) Stockholders Equity
	Common Stock
	There were 9,517,402 shares of common stock outstanding as of September 30, 2013 and December 31, 2012.
	No common shares were issued or cancelled during the nine months ended September 30, 2013.
	Stock options
	On August 15, 2012, the Company approved the employee compensation plan and granted a total of 200,000 common stock options, to our employees. As stated in the compensation plan, these options have a four year term. Fifty percent of the options became vested and exercisable immediately, 25% on the first anniversary date of August 15, 2012, and 25% on the second anniversary date of August 15, 2013. The options have an exercise price of $0.27 per share, which was the fair value of the stock on the day of the grant. The fair value of the options was determined to be $41,038 using the Black Scholes option pricing model.
	The significant assumptions in the model included a risk free rate of 0.99%, a volatility input of 99.96% and using the simplified method, the expected term used in the calculation is 2.375 years. During the nine months ended September 30, 2013, $6,409 was expensed to the income statement. During the nine months ended September 30, 2013, $6,409 was expensed. As of September 30, 2013, the full fair value of $41,038 has been expensed.
	The following table presents the activity for common stock options during the nine months ended September 30, 2013:
						Weighted
						Average
			Options			Exercise Price
	Outstanding - December 31, 2012			200,000		$	0.27
	Granted			-			-
	Forfeited/canceled			-			-
	Exercised			-			-
	Outstanding - September 30, 2013			200,000		$	0.27
	The weighted average remaining life of these 200,000 options as of September 30, 2013 and December 31, 2012 was 1.9 and 2.6 years respectively.
	The following table presents the composition of options outstanding and exercisable as of September 30, 2013 and December 31, 2012. The exercisable options have an intrinsic value of $48,000 and $57,000 as of September 30, 2013 and December 31, 2012, respectively.
	As of September 30, 2013:
					Options Outstanding				Options Exercisable
		Range of Exercise Prices			Number			Life	Number	Price
			0.27		200,000			1.9	200,000	0.27
	As of December 31, 2012:
					Options Outstanding				Options Exercisable
		Range of Exercise Prices			Number			Life	Number	Price
			0.27		200,000			2.6	100,000	0.27

Related_Parties

Related Parties	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]
Related Parties
	(4) Related Parties
	Bohemian Companies, LLC and BOCO Investments, LLC are two companies under common control.  Mr. Klemsz, our President, has been the Chief Investment Officer of BOCO Investments, LLC since March 2007.  Since there is common control between the two companies and a relationship with our Company President, we are considering all transactions with Bohemian Companies, LLC and BOCO Investments, LLC, related party transactions.
	On January 1, 2008, we entered into a Service Agreement with Bohemian Companies, LLC to provide us with certain defined services. These services include financial, bookkeeping, accounting, legal and tax matters, as well as cash management, custody of assets, preparation of financial documents, including tax returns and checks, and coordination of professional service providers as may be necessary to carry out the matters covered by the Service Agreement.  We compensate Bohemian Companies, LLC by reimbursing this entity for the allocable portion of the direct and indirect costs of each employee of Bohemian Companies, LLC that performs services on our behalf. We receive invoices monthly from Bohemian Companies, LLC. This Service Agreement expires on December 31, 2013.  Total expenses incurred with Bohemian Companies were $3,000 for the three months ending September 30, 2013 and 2012.  Total expenses incurred with Bohemian Companies were $9,000 for the nine months ending September 30, 2013 and 2012.  As of December 31, 2012 the Company had a balance due to Bohemian Companies, LLC of $1,000. As of September 30, 2013, the balance is $-0-.
	For the three months ended September 30, 2013 and 2012, the Company recorded management fee revenues of $18,594 and $18,499, respectively, for asset management services performed on behalf of WestMountain Prime, LLC, a related party. For the nine months ended September 30, 2013 and 2012 the Company recorded management fee revenues of $55,892 and $58,382, respectively. The Company and WestMountain Prime, LLC are under common principal ownership.  The asset management services contract between WestMountain Prime, LLC and the Company was terminated as of September 30, 2013.
	Historically, the Company earned management fees based on the size of the funds managed, and incentive income based on the performance of the funds. With the termination of the asset management services contract between the Company and WestMountain Prime, LLC, the Company no longer provides asset management services to any clients. Further, the Company has elected not to seek any new asset management services clients in the future but to concentrate solely on providing fee-based consulting services for marketing and media clients.
	For the nine months ended September 30, 2013 and 2012, the Company recorded aggregate advisory/consulting revenue of $164,950 and $74,500, respectively. Of the $164,950 recorded in 2013, $78,000 is related party revenue for services performed on behalf of Nexcore Group LP and WestMountain Gold, Inc., formerly known as WestMountain Index Advisor, Inc. The company, Nexcore and Index are under common principal ownership. Of the $74,500 recorded in 2012, $67,500 is related party revenue for services performed on behalf of Nexcore Group LP. The company and Nexcore are under common principal ownership.
	As of September 30, 2013 and December 31, 2012, the Company had $30,500 and $37,050, respectively, of accounts receivable from related parties. These amounts represent management fees that were due from WestMountain Prime, LLC. and consulting services for marketing and social media due from Nexcore Group LP.
	On September 29, 2010 CapTerra Financial Group, Inc. merged with Nexcore Group LP (“Nexcore”). The Company provided advisory services related to the transaction and for those services received 1,645,000 warrants. In December 2010, these warrants were exercised for common stock of Nexcore Group LP. As of September 30, 2013 and December 31, 2012, no active market existed for these securities and so the Company kept the value of this investment on the books at the aggregate exercise price of $1,645.  The equity securities are restrictive securities.
	On January 25, 2013, Nexcore Real Estate, LLC declared $0.01 per share cash dividend payable on February 18, 2013 to holders of NexCore common stock of record on February 4, 2013. As of that date, the Company owned 1,645,000 shares of common stock. In the first quarter 2013, we received a cash dividend of $16,450 that was recorded as dividend on nonmarketable securities.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]
Subsequent Event	(5) Subsequent Event
	On October 10, 2013, the Company signed a Marketing/Media Consulting Agreement that is effective October 1, 2013 with Bohemian Asset Management, Inc., a related party due to common ownership. This agreement has an original expiration date of December 31, 2014. We will be paid $20,000 per quarter for general marketing and consulting services, due and payable in advance on the first of each quarter

Nature_of_Organization_and_Sum1

Nature of Organization and Summary of Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Organization and Basis of Presentation
	Nature of Organization and Basis of Presentation
	WestMountain Asset Management, Inc. (“we”,” our” or the “Company”) was incorporated in the state of Colorado on October 18, 2007 and on this date approved its business plan and commenced operations. The consolidated financial statements include the financial information of WestMountain Asset Management Inc. and its wholly owned subsidiaries, WestMountain Business Consulting, Inc., WestMountain Allocation Analytics, Inc. and WestMountain Valuation Services Inc. All significant intercompany accounts and transactions have been eliminated.
Unaudited Financial Information
	Unaudited Financial Information
	The accompanying financial information as of September 30, 2013 and for the three and nine months ended September 30, 2013 and 2012 is unaudited. In the opinion of management, all normal and recurring adjustments which are necessary to provide a fair presentation of the Company’s financial position at September 30, 2013 and its operating results for the three and nine months ended September 30, 2013 and 2012 have been made. Certain information and footnote data necessary for a fair presentation of financial position and results of operations in conformity with accounting principles generally accepted in the United States of America have been condensed or omitted. It is therefore suggested that these financial statements be read in conjunction with the summary of significant accounting policies and notes to financial statements included in the Company’s annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2012. The results of operations for the three and nine months ended September 30, 2013 is not necessarily an indication of operating results to be expected for the year.
Commitments and Contingencies
	Commitments and Contingencies
	Based on currently available information, the Company believes that it is remote that future costs related to known contingent liability exposures will exceed current accruals by an amount that would have a material adverse impact on our financial statements. As the Company learns new facts concerning contingencies, the Company reassesses its position both with respect to accrued liabilities and other potential exposures. In the case of all known contingencies, the Company accrues a liability when the loss is probable and the amount is reasonably estimable. The Company does not reduce these liabilities for potential insurance or third-party recoveries.
Fair Value of Financial Instruments
	Fair Value of Financial Instruments
	Available-for-sale securities are accounted for on a specific identification basis. As of September 30, 2013 and December 31, 2012 respectively, we held available-for-sale marketable securities with an aggregate fair value of $1,284,965 and $1,630,964, respectively.  As of September 30, 2013, all of our available-for-sale securities were invested in publically traded equity holdings. Available-for-sale securities were classified as current based on the percentage of the equity controlled by the Company as well as our intended use of the assets. The Company recognized unrealized losses, net of tax, in accumulated other comprehensive income (loss) for the nine months ended September 30, 2013 and 2012 in the amounts of $162,608 and $2,708,568, respectively.
	The Company’s assets measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 at September 30, 2013 and December 31, 2012, were as follows:
	Assets and Liabilities Measured at Fair Value on a Recurring Basis as of September 30, 2013
		Quoted Prices in	Significant
		Active Markets for	Other	Significant
		Identical Assets and	Observable	Unobservable	Balance as of
		Liabilities	Inputs	Inputs	September 30,
	Description	(Level 1)	(Level 2)	(Level 3)	2013
	Assets:
	Available-for-sale
	marketable securities	$           1,284,965	$              -	$              -	$        1,284,965
	Assets and Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2012
		Quoted Prices in	Significant
		Active Markets for	Other	Significant
		Identical Assets and	Observable	Unobservable	Balance as of
		Liabilities	Inputs	Inputs	December 31,
	Description	(Level 1)	(Level 2)	(Level 3)	2012
	Assets:
	Available-for-sale
	marketable securities	$              1,630,964	$                -	$                   -	$      1,630,964
Deferred Revenue
	Deferred Revenue
	The Company recognizes deferred revenue on a straight line basis over the period for which the services are performed.  In the second quarter of 2012 we received $50,000 cash that represented services to be provided through August 2013. As of September 30, 2013 and December 31, 2012, we had a deferred revenue balance of $0 and $26,000, respectively. During the nine months ended September 30, 2013 we recognized $26,000 of advisory/consulting fees revenue under this contract.

Nature_of_Organization_and_Sum2

Nature of Organization and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis
	Assets and Liabilities Measured at Fair Value on a Recurring Basis as of September 30, 2013
		Quoted Prices in	Significant
		Active Markets for	Other	Significant
		Identical Assets and	Observable	Unobservable	Balance as of
		Liabilities	Inputs	Inputs	September 30,
	Description	(Level 1)	(Level 2)	(Level 3)	2013
	Assets:
	Available-for-sale
	marketable securities	$           1,284,965	$              -	$              -	$        1,284,965
	Assets and Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2012
		Quoted Prices in	Significant
		Active Markets for	Other	Significant
		Identical Assets and	Observable	Unobservable	Balance as of
		Liabilities	Inputs	Inputs	December 31,
	Description	(Level 1)	(Level 2)	(Level 3)	2012
	Assets:
	Available-for-sale
	marketable securities	$              1,630,964	$                -	$                   -	$      1,630,964

Investments_Tables

Investments (Tables)	9 Months Ended
	Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments in Available for Sale Marketable Securities	Investments in Available for Sale Marketable Securities
	The Company’s investments in available for sale marketable securities as of September 30, 2013 and December 31, 2012 are summarized below.
						As of September 30, 2013
										Accumulated
						Share		Market/Cost		Unrealized
	Company Name	Shares		Cost		Price		Value		Gain/(Loss)
	Omni Bio Pharmaceutical, Inc.		1,707,107	$	193,634	$	0.2	$	341,420	$	147,787
	Hangover Joe's Holding Corporation (formerly		928,463		106,641		0.0302		28,040		(78,601	)
	Accredited Members Holding Corporation)
	Silver Verde May Mining Co., Inc		246,294		46,488		0.201		49,505		3,017
	WestMountain Gold, Inc. (formerly WestMountain		866,000		866		1		866,000		865,134
	Index Advisor, Inc.)
	Totals		3,747,864	$	347,629			$	1,284,965	$	937,337
						As of December 31, 2012
										Accumulated
						Share		Market/Cost		Unrealized
	Company Name	Shares		Cost		Price		Value		Gain/(Loss)
	Omni Bio Pharmaceutical, Inc.		1,707,107	$	193,634	$	0.5	$	853,553	$	659,919
	Hangover Joe's Holding Corporation (formerly		1,691,713		194,306		0.075		126,878		(67,428	)
	Accredited Members Holding Corporation)
	Silver Verde May Mining Co., Inc.		246,294		46,488		0.18		44,333		(2,155	)
	WestMountain Gold, Inc. (formerly WestMountain		866,000		866		0.7		606,200		605,334
	Index Advisor, Inc.)
	Totals		4,511,114	$	435,294			$	1,630,964	$	1,195,670
Schedule of Cost Method Investments	Investments in Nonmarketable Securities
	The Company’s investments in nonmarketable securities accounted for under the cost method as of September 30, 2013 and December 31, 2012 are summarized below.
	Company Name	Shares		Cost
	Nexcore Real Estate, LLC		1,645,000	$	1,645
	SRKP 16, Inc.		200,000		30,000
	Totals		1,845,000	$	31,645

Stockholders_Equity_Tables

Stockholders Equity (Tables)	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]
Schedule of Common Stock Option Activity
	The following table presents the activity for common stock options during the nine months ended September 30, 2013:
						Weighted
						Average
			Options			Exercise Price
	Outstanding - December 31, 2012			200,000		$	0.27
	Granted			-			-
	Forfeited/canceled			-			-
	Exercised			-			-
	Outstanding - September 30, 2013			200,000		$	0.27
Schedule of Options Outstanding and Exercisable, by Exercise Price Range
	The following table presents the composition of options outstanding and exercisable as of September 30, 2013 and December 31, 2012. The exercisable options have an intrinsic value of $48,000 and $57,000 as of September 30, 2013 and December 31, 2012, respectively.
	As of September 30, 2013:
					Options Outstanding				Options Exercisable
		Range of Exercise Prices			Number			Life	Number	Price
			0.27		200,000			1.9	200,000	0.27
	As of December 31, 2012:
					Options Outstanding				Options Exercisable
		Range of Exercise Prices			Number			Life	Number	Price
			0.27		200,000			2.6	100,000	0.27

Nature_of_Organization_and_Sum3

Nature of Organization and Summary of Significant Accounting Policies (Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred revenue recognized during period	$26,000
Deferred revenue, current portion	0	26,000
Deferred revenues received	$50,000

Nature_of_Organization_and_Sum4

Nature of Organization and Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) (USD $)

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Jun. 30, 2013

Dec. 31, 2012

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Inputs, Level 2 [Member]

Fair Value, Inputs, Level 2 [Member]

Fair Value, Inputs, Level 1 [Member]

Fair Value, Inputs, Level 1 [Member]

Fair Value, Inputs, Level 3 [Member]

Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Available-for-sale securities

$1,284,965

$1,630,964

$1,284,965

$1,630,964

Unrealized loss on investments in marketable equity securities, net of tax

($215,864)

($1,438,120)

($162,608)

($2,708,568)

Investments_Available_for_Sale

Investments (Available for Sale Marketable Securities) (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013	Dec. 31, 2012
			Omni Bio Pharmaceutical, Inc. [Member]	Omni Bio Pharmaceutical, Inc. [Member]	Hangover Joe's Holding Corporation [Member]	Hangover Joe's Holding Corporation [Member]	Silver Verde May Mining Co., Inc [Member]	Silver Verde May Mining Co., Inc [Member]	WestMountain Gold, Inc. [Member]	WestMountain Gold, Inc. [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares	1,645,000		1,707,107	1,707,107	928,463	1,691,713	246,294	246,294	866,000	866,000
Cost	$347,629	$435,294	$193,634	$193,634	$106,641	$194,306	$46,488	$46,488	$866	$866
Share Price			$0.20	$0.50	$0.03	$0.08	$0.20	$0.18	$1	$0.70
Market/Cost Value	1,284,965	1,630,964	341,420	853,553	28,040	126,878	49,505	44,333	865,134	606,200
Accumulated Unrealized Gain/(Loss)	$937,337	$1,195,670	$147,787	$659,919	($78,601)	($67,428)	$3,017	($2,155)	$1,081,634	$605,334

Investments_Cost_Method_Invest

Investments (Cost Method Investments) (Details) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012
					Nexcore Real Estate, LLC [Member]	Nexcore Real Estate, LLC [Member]	Nexcore Real Estate, LLC [Member]	SRKP 16, Inc. [Member]	SRKP 16, Inc. [Member]
Schedule of Cost-method Investments [Line Items]
Shares	1,645,000		1,645,000		1,645,000	1,645,000	1,645,000	200,000	200,000
Cost	$1,645		$1,645		$1,645	$1,645	$1,645	$30,000	$30,000
Cash dividend received			16,450		16,450	16,450
Cash dividend per share					$0.01

Stockholders_Equity_Details

Stockholders Equity (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Aug. 15, 2012
Stockholders' Equity Note [Abstract]
Outstanding shares	9,517,402	9,517,402
Shares authorized under stock option plan	200,000		200,000
Terms of options per compensation plan agreement (in years)	4 years
Percentage of options that vest and are exercisable immediately			50.00%
Percentage of options that vest on the first anniversary date of August 15, 2011			25.00%
Percentage of options that vest on the second anniversary date of August 15, 2012			25.00%
Exercise price	$0.27	$0.27
Fair value	$41,038
Risk free interest rate	0.99%
Volatility rate	99.96%
Expected life in years	2 years 1 month 6 days
Share-based compensation expense recognized during the period	$6,409

Stockholders_Equity_Stock_Opti

Stockholders Equity (Stock Option Activity) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Stock option activity
Outstanding, beginning	200,000
Outstanding, ending	200,000	200,000
Weighted average exercise price, beginning	$0.27
Weighted average exercise price, ending	$0.27	$0.27
Weighted average remaining life	1 year 10 months 27 days	2 years 7 months 6 days

Stockholders_Equity_Exercisabl

Stockholders Equity (Exercisable and Outstanding Options by Exercise Price Range) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Options by exercise price range
Options exercisable, intrinsic value	$48,000	$57,000
Minimum exercise price	$0.27	$0.27
Options outstanding	200,000	200,000
Options exercisable outstanding	200,000	100,000
Weighted average remaining life	1 year 10 months 27 days	2 years 7 months 6 days

Related_Parties_Details

Related Parties (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Related Party Transaction [Line Items]
Management fees, related parties	$18,594	$18,499	$55,892	$58,382
Advisory/consulting fees, related parties	18,000	30,000	78,000	67,500
Advisory/consulting revenue from all sources			164,250	74,500
Accounts receivable, related parties	30,500		30,500		37,050
Accrued liabilities, related parties					1,000
Shares	1,645,000		1,645,000
Dividend income on nonmarketable securities			16,450
Cost	1,645		1,645
Bohemian Companies Limited Liability Company [Member]
Related Party Transaction [Line Items]
Amount of transaction	3,000			9,000
Accrued liabilities, related parties	0		0
Nexcore [Member]
Related Party Transaction [Line Items]
Advisory/consulting fees, related parties			60,000	67,500
Shares	1,645,000		1,645,000
Cash dividend per share	0.01
Cost	1,645		1,645
West Mountain Prime Llc [Member]
Related Party Transaction [Line Items]
Management fees, related parties	$18,594			$18,499