InventaBioTech 10-Q 21 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 18, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Entity Registrant Name	Westmountain Company
Entity Central Index Key	1,421,603
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,517,402
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 428,098	$ 579,971
Investments in marketable securities	105,331	117,022
Accounts receivable, related parties	18,000	6,000
Accounts receivable	6,404	16,435
Income tax receivable	30,281	19,873
Prepaid expenses	6,226	2,308
Total current assets	594,340	741,609
Property and equipment, net of accumulated depreciation of $3,887 and $11,531, respectively	5,718	5,827
Investments in nonmarketable securities, at cost	1,645	31,645
Deferred tax asset, net		106,208
Total assets	601,703	885,289
Current Liabilities:
Accounts payable and accrued liabilities	39,415	44,133
Accrued liabilities, related parties	1,991	5,751
Total current liabilities	41,406	49,884
Total liabilities	41,406	49,884
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	927,355
Accumulated earnings (deficit)	(334,804)	(82,534)
Other comprehensive income, net	(41,772)	(18,934)
Total shareholders' equity	560,297	835,405
Total liabilities and shareholders' equity	$ 601,703	$ 885,289

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Assets
Accumulated depreciation	$ 3,887	$ 11,531
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	$ 0.001	$ 0.001
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

Consolidated Statements of Oper

Consolidated Statements of Operations and Other Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenue:
Advisory/consulting fees, related parties	$ 43,970	$ 33,786	$ 119,970	$ 114,000
Advisory/consulting fees	7,964	16,439	16,414	40,439
Total revenue	51,934	50,225	136,384	154,439
Operating expenses:
Selling, general and administrative expenses	85,912	86,375	246,129	244,570
Total operating expenses	85,912	86,375	246,129	244,570
Net (loss) from operations	(33,978)	(36,150)	(109,745)	(90,131)
Other income/(expense)
Interest income		2,896	4,562	7,407
Distribution income on nonmarketable securities				5,510
Loss on impairment of nonmarketable securities			(60,000)
Loss on impairment of available for sale marketable securities				(193,634)
Total other income/(expense)		2,896	(55,438)	(180,717)
Net (loss)income before income taxes	(33,978)	(33,254)	(165,183)	(270,848)
Income tax (benefit) expense	119,683	(5,330)	87,087	(93,373)
Net (loss) income	(153,661)	(27,924)	(252,270)	(177,475)
Other comprehensive (loss) income
Unrealized (loss) income on investments in marketable equity securities, net of tax	(49,021)	(19,149)	(22,838)	(443,423)
Comprehensive loss	$ (202,682)	$ (47,073)	$ (275,108)	$ (620,898)
Basic and Diluted net (loss)income per share	$ (0.02)	$ 0	$ (0.03)	$ (0.02)
Basic weighted average common shares outstanding	9,517,402	9,517,402	9,517,402	9,517,402

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net loss	$ (252,270)	$ (177,475)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	1,829	1,543
Loss on impairment of available for sale marketable securities		193,634
Loss on impairment of nonmarketable securities	60,000
Deferred income tax (benefit)	95,061	(25,628)
Gain on sale and disposal of equipment	(2,850)
Changes in operating assets and operating liabilities:
Prepaid expenses and other current assets	(3,918)	6,514
Accounts receivable	10,031	(24,239)
Accounts receivable, related parties	(12,000)	41,125
Accounts payable and accrued liabilities	(4,718)	(3,184)
Accrued liabilities, related parties	(3,760)
Income tax receivable	(10,408)	(141,991)
Net cash (used in) operating activities	(123,003)	(129,701)
Cash flows from investing activities:
Purchases of equipment	(3,432)	(1,712)
Loan to related party		(42,407)
Purchases of nonmarketable investments	(30,000)
Proceeds from sale of equipment	4,562
Net cash (used in) investing activities	(28,870)	(44,119)
Net change in cash and cash equivalents	(151,873)	(173,820)
Cash and cash equivalents, beginning of period	579,971	445,411
Cash and cash equivalents, end of period	428,098	271,591
Supplemental disclosure of cash flow information:
Cash paid during the period for Income tax	1,626	62,650
Cash paid during the period for Interest
Non cash investing and financing activities:
Equipment purchased with accounts payable	3,432
Purchase of non-marketable security investment shares in exchange for accounts receivable	21,000
Unrealized (income) loss on investments in marketable securities	$ (22,838)	$ 443,423

Nature of Organization and Summ

Nature of Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
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 Company ("we", "our" or the "Company"), formerly known as WestMountain Asset Management, Inc. 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 Company 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. As a consultant to both public and private companies, we promote public visibility and market acceptance for our clients. We use a number of techniques to achieve these objectives for our clients, including developing public recognition of their business plans and strategic goals, managing investor relations, and engaging in website development and media production. We also utilize various social media outlets and services to deliver our client's message. We are paid fees for our services by our clients under written consulting agreements. Unaudited Financial Information The accompanying financial information as of September 30, 2016 and for the three and nine months ended September 30, 2016 and 2015 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, 2016 and its operating results for the three and nine months ended September 30, 2016 and 2015 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, 2015. The results of operations for the three and nine months ended September 30, 2016 is not necessarily an indication of operating results to be expected for the year. Income Tax Receivable As of September 30, 2016, the Company had an income tax receivable of $30,281 that is related to estimated tax payments on deposit with federal and state taxing authorities. Fair Value of Financial Instruments The Company's estimates of fair value for financial assets and financial liabilities are based on the framework established in Accounting Standards Codification ("ASC") Topic 820. The framework is based on the inputs used in valuation and gives the highest priority to quoted prices in active markets and requires that observable inputs be used in the valuations when available. The disclosure of fair value estimates in the ASC 820 hierarchy is based on whether the significant inputs into the valuation are observable. In determining the level of the hierarchy in which the estimate is disclosed, the highest priority is given to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs that reflect the Company's significant market assumptions. The three levels of the hierarchy are as follows: Level 1: Unadjusted quoted market prices for identical assets or liabilities in active markets that the Company has the ability to access. Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets in inactive markets; or valuations based on models where the significant inputs are observable (e.g., interest rates, yield curves, default rates, etc.) or can be corroborated by observable market data. Level 3: Valuations based on models where significant inputs are not observable. The unobservable inputs reflect the Company's own assumptions about the assumptions that market participants would use. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying amounts of financial assets require to be measured at fair value on a recurring basis including our major assets that approximates fair value as determined by using the future expected net cash flows on the sale of the investments. Available-for-sale securities are accounted for on a specific identification basis. As of September 30, 2016 and December 31, 2015 respectively, we held available-for-sale marketable securities with an aggregate fair value of $105,331 and $117,022 respectively. As of September 30, 2016, 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 (loss) income for the nine months ended September 30, 2016 and 2015 in the amounts of ($22,838) and ($443,423), respectively. The Company's assets measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 at September 30, 2016 and December 31, 2015, were as follows: Assets and Liabilities Measured at Fair Value on a Recurring Basis as of September 30, 2016 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) 2016 Assets: Available-for-sale marketable securities $105,331 $ - $ - $105,331 Assets and Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2015 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) 2015 Assets: Available-for-sale marketable securities $117,022 $ - $ - $117,022

Investments

Investments	9 Months Ended
	Sep. 30, 2016
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, 2016 and December 31, 2015 are summarized below. As of September 30, 2016 Accumulated Share Market/Fair Unrealized Company Name Shares Cost Price Value Gain/(Loss) Hangover Joe's Holding Corporation 868,463 $ 99,750 0.0014 $ 1,216 $ (98,534 ) Silver Verde May Mining Co., Inc. 246,294 46,488 0.0500 12,315 (34,173 ) WestMountain Gold, Inc. 918,000 918 0.1000 91,800 90,882 Totals 2,032,757 $ 147,156 $ 105,331 $ (41,825 ) As of December 31, 2015 Accumulated Share Market/Fair Unrealized Company Name Shares Cost Price Value Gain/(Loss) Hangover Joe's Holding Corporation 868,463 $ 99,750 0.0021 $ 1,824 $ (97,926 ) Silver Verde May Mining Co., Inc 246,294 46,488 0.1770 43,594 (2,894 ) WestMountain Gold, Inc. 918,000 918 0.0780 71,604 70,686 Totals 2,032,757 $ 147,156 $ 117,022 $ (30,134 ) During the nine months ended September 30, 2015, the Company's investment in Omni Bio Pharmaceutical, Inc. was determined to have an other than temporary decline in value. The investment was fully impaired resulting in a loss on impairment of available for sale marketable securities of $193,634. Investments in Nonmarketable Securities During February 2016, the Company paid $30,000 for 6.98 of RavenBrick Class C unit shares. RavenBrick is an existing customer we provide advisory services to. These services consist of, but are not limited to, developing public recognition of their business plans and strategic goals, and engaging in website development and media production. During the nine months ended September 30, 2016, these nonmarketable securities were fully impaired resulting in an impairment loss of $30,000. In addition, during the nine months ended September 30, 2016, the Company exchanged advisory services for an additional 3.72 of RavenBrick Class C unit shares recognized at no value. The Company's investments in nonmarketable securities accounted for under the cost method as of September 30, 2016 and December 31, 2015 are summarized below. September 30, 2016 December 31, 2015 Market/Fair Market/Fair Company Name Shares Units Value Shares Units Value Nonmarketable Securities: SKRP 16, Inc. 200,000 - $ - 200,000 - $ 30,000 Nexcore Real Estate LLC (Common Units) - 1,645,000 1,645 - 1,645,000 1,645 WestMountain Distressed Debt, Inc. 80,000 - - 80,000 - - RavenBrick (Class C Units) - 11 - - - - Totals Shares or Units 280,000 1,645,011 $ 1,645 280,000 1,645,000 $ 31,645 During the nine months ended September 30, 2016, the Company recognized an impairment loss of $30,000 on its nonmarketable securities held in SKRP 16, Inc.

Stockholders Equity

Stockholders Equity	9 Months Ended
	Sep. 30, 2016
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, 2016 and December 31, 2015. No common shares were issued or cancelled during the nine months ended September 30, 2016.

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Parties	(4) Related Parties For the three months ended September 30, 2016 and 2015, the Company recorded aggregate advisory/consulting revenue of $51,934 and $50,225, respectively. Of the advisory/consulting revenue recorded in 2016 and 2015, $43,970 and $33,786, respectively, is related party revenue for services performed on behalf of Nexcore Group LP and Bohemian Asset Management, Inc. For the nine months ended September 30, 2016 and 2015, the Company recorded aggregate advisory/consulting revenue of $136,384 and $154,439, respectively. Of the advisory/consulting revenue recorded in 2016 and 2015, $119,970 and $114,000, respectively, is related party revenue for services performed on behalf of Nexcore Group LP and Bohemian Asset Management, Inc. The Company, Nexcore and Bohemian are under common principal ownership. As of September 30, 2016 and December 31, 2015, the Company had $18,000 and $6,000, respectively, of accounts receivable from related parties. On November 1, 2015, our 1,645,000 common shares in NexCore Healthcare Capital Corp and our Class B units of NexCore Real Estate LLC was exchanged for 1,645,000 of common units of NexCore Companies LLC. In December 2015, the Company received a distribution of $274,715 or $0.167 per unit from Nexcore Companies LLC. The tax impact of the distribution was $5,510. Notes Receivable On October 17, 2014, we entered into a Promissory Note Agreement with WestMountain Distressed Debt, Inc., a related party, in the amount of $25,000. The note carried 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 was $27,256. The new note carried an interest rate of 18% per annum until paid in full. Repayment of the loan was due on or before October 18, 2015 and repayment was due on or before April 18, 2016. 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 was $29,729. On January 27, 2015, we entered into a Promissory Note Agreement with WestMountain Distressed Debt, Inc., a related party, in the amount of $25,000. The note carried 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. As of December 31, 2015, principal and interest due on this note was $29,353. 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 and repayment was due on or before July 29, 2016. The new principal amount was $29,730. On May 4, 2015, we entered into an additional Promissory Note Agreement with WestMountain Distressed Debt, Inc., a related party, in the amount of $10,000. The note carried 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 and repayment was due on or before May 5, 2016. The new principal amount was $10,740. On December 31, 2015 management evaluated the collectability of the notes and determined it was necessary to write the balances off. A total of $71,386 was expensed to the income statement. The Company has determined that WestMountain Distressed Debt, Inc., (WMDS) is considered a "variable interest entity", however, WestMountain Company is not the primary beneficiary. WestMountain Company provided funding to WMDS to assist in paying their current operational expenses. The Company is not the only financial supporter to WMDS. The first note was dated October 17, 2014. Below is a summary of the notes with WMDS that have been written off as of December 31, 2015. Note Due Accrued Date Date Principal Interest TOTALS 10/19/2015 4/19/2016 $ 29,729 $ 1,085 $ 30,814 7/27/2015 1/28/2016 27,244 2,109 29,353 11/5/2015 5/5/2016 10,740 479 11,219 TOTAL DUE $ 67,713 $ 3,673 $ 71,386 Write off due to uncertain collectability $ (71,386 ) Note receivable, related parties $ - WestMountain Company is not a majority equity stakeholder in WMDS, nor does it have voting control, control of the board of directors, or substantive management rights. Given that the Company does not have the power to direct their activities that most significantly impact its economic performance, the Company determined that it is not the primary beneficiary of WMDS and therefore is not required to consolidate this entity. The Company will assess any additional transactions with WMDS to determine if the entity will need to be consolidated with the Company based on the VIE disclosure requirements. As of September 30, 2016 and December 31, 2015, the following investments in marketable and nonmarketable securities were held in related parties due to common principal ownership: September 30, 2016 December 31, 2015 Marketable Securities: Company Name Shares Units Cost Shares Units Cost Hangover Joe's Holding Corporation 868,463 - $ 1,216 868,463 - $ 1,824 WestMountain Gold, Inc. 918,000 - 91,800 918,000 - 71,604 Total Shares or Units 1,786,463 - $ 93,016 1,786,463 - $ 73,428 Market/Fair Market/Fair Company Name Shares Units Value Shares Units Value Nonmarketable Securities: Nexcore Companies LLC (Common Units) - 1,645,000 1,645 - 1,645,000 $ 1,645 WestMountain Distressed Debt, Inc. 80,000 - - 80,000 - - Totals Shares or Units 80,000 1,645,000 $ 1,645 80,000 1,645,000 $ 1,645 On May 7, 2015 Omni Bio Pharmaceutical filed a Form 8-K. This company has been unsuccessful in its fundraising and partnering/licensing efforts and does not anticipate being able to raise sufficient capital to continue operations. Consequently, the Board of Directors of Omni Bio Parmaceutical approved an orderly wind down, including negotiations with its senior secured creditor, Bohemian Investments, LLC. This loss in value was deemed to be other than temporary and this investment was fully impaired during the nine months ended September 30, 2015 resulting in a loss on impairment of available for sale marketable securities of $193,634.

Nature of Organization and Su10

Nature of Organization and Summary of Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 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 Company ("we", "our" or the "Company"), formerly known as WestMountain Asset Management, Inc. 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 Company 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. As a consultant to both public and private companies, we promote public visibility and market acceptance for our clients. We use a number of techniques to achieve these objectives for our clients, including developing public recognition of their business plans and strategic goals, managing investor relations, and engaging in website development and media production. We also utilize various social media outlets and services to deliver our client's message. We are paid fees for our services by our clients under written consulting agreements.
Unaudited Financial Information	Unaudited Financial Information The accompanying financial information as of September 30, 2016 and for the three and nine months ended September 30, 2016 and 2015 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, 2016 and its operating results for the three and nine months ended September 30, 2016 and 2015 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, 2015. The results of operations for the three and nine months ended September 30, 2016 is not necessarily an indication of operating results to be expected for the year.
Income Tax Receivable	Income Tax Receivable As of September 30, 2016, the Company had an income tax receivable of $30,281 that is related to estimated tax payments on deposit with federal and state taxing authorities.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company's estimates of fair value for financial assets and financial liabilities are based on the framework established in Accounting Standards Codification ("ASC") Topic 820. The framework is based on the inputs used in valuation and gives the highest priority to quoted prices in active markets and requires that observable inputs be used in the valuations when available. The disclosure of fair value estimates in the ASC 820 hierarchy is based on whether the significant inputs into the valuation are observable. In determining the level of the hierarchy in which the estimate is disclosed, the highest priority is given to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs that reflect the Company's significant market assumptions. The three levels of the hierarchy are as follows: Level 1: Unadjusted quoted market prices for identical assets or liabilities in active markets that the Company has the ability to access. Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets in inactive markets; or valuations based on models where the significant inputs are observable (e.g., interest rates, yield curves, default rates, etc.) or can be corroborated by observable market data. Level 3: Valuations based on models where significant inputs are not observable. The unobservable inputs reflect the Company's own assumptions about the assumptions that market participants would use. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying amounts of financial assets require to be measured at fair value on a recurring basis including our major assets that approximates fair value as determined by using the future expected net cash flows on the sale of the investments. Available-for-sale securities are accounted for on a specific identification basis. As of September 30, 2016 and December 31, 2015 respectively, we held available-for-sale marketable securities with an aggregate fair value of $105,331 and $117,022 respectively. As of September 30, 2016, 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 (loss) income for the nine months ended September 30, 2016 and 2015 in the amounts of ($22,838) and ($443,423), respectively. The Company's assets measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 at September 30, 2016 and December 31, 2015, were as follows: Assets and Liabilities Measured at Fair Value on a Recurring Basis as of September 30, 2016 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) 2016 Assets: Available-for-sale marketable securities $105,331 $ - $ - $105,331 Assets and Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2015 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) 2015 Assets: Available-for-sale marketable securities $117,022 $ - $ - $117,022

Nature of Organization and Su11

Nature of Organization and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis	The Company's assets measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 at September 30, 2016 and December 31, 2015, were as follows: Assets and Liabilities Measured at Fair Value on a Recurring Basis as of September 30, 2016 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) 2016 Assets: Available-for-sale marketable securities $105,331 $ - $ - $105,331 Assets and Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2015 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) 2015 Assets: Available-for-sale marketable securities $117,022 $ - $ - $117,022

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments in Available for Sale Marketable Securities	The Company's investments in available for sale marketable securities as of September 30, 2016 and December 31, 2015 are summarized below. As of September 30, 2016 Accumulated Share Market/Fair Unrealized Company Name Shares Cost Price Value Gain/(Loss) Hangover Joe's Holding Corporation 868,463 $ 99,750 0.0014 $ 1,216 $ (98,534 ) Silver Verde May Mining Co., Inc. 246,294 46,488 0.0500 12,315 (34,173 ) WestMountain Gold, Inc. 918,000 918 0.1000 91,800 90,882 Totals 2,032,757 $ 147,156 $ 105,331 $ (41,825 ) As of December 31, 2015 Accumulated Share Market/Fair Unrealized Company Name Shares Cost Price Value Gain/(Loss) Hangover Joe's Holding Corporation 868,463 $ 99,750 0.0021 $ 1,824 $ (97,926 ) Silver Verde May Mining Co., Inc 246,294 46,488 0.1770 43,594 (2,894 ) WestMountain Gold, Inc. 918,000 918 0.0780 71,604 70,686 Totals 2,032,757 $ 147,156 $ 117,022 $ (30,134 )
Investments in Nonmarketable Securities	The Company's investments in nonmarketable securities accounted for under the cost method as of September 30, 2016 and December 31, 2015 are summarized below. September 30, 2016 December 31, 2015 Market/Fair Market/Fair Company Name Shares Units Value Shares Units Value Nonmarketable Securities: SKRP 16, Inc. 200,000 - $ - 200,000 - $ 30,000 Nexcore Real Estate LLC (Common Units) - 1,645,000 1,645 - 1,645,000 1,645 WestMountain Distressed Debt, Inc. 80,000 - - 80,000 - - RavenBrick (Class C Units) - 11 - - - - Totals Shares or Units 280,000 1,645,011 $ 1,645 280,000 1,645,000 $ 31,645

Related Parties (Tables)

Related Parties (Tables)	9 Months Ended
	Sep. 30, 2016
Related Parties Tables
Securities held in related parties due to common principal ownership	September 30, 2016 December 31, 2015 Marketable Securities: Company Name Shares Units Cost Shares Units Cost Hangover Joe's Holding Corporation 868,463 - $ 1,216 868,463 - $ 1,824 WestMountain Gold, Inc. 918,000 - 91,800 918,000 - 71,604 Total Shares or Units 1,786,463 - $ 93,016 1,786,463 - $ 73,428 Market/Fair Market/Fair Company Name Shares Units Value Shares Units Value Nonmarketable Securities: Nexcore Companies LLC (Common Units) - 1,645,000 1,645 - 1,645,000 $ 1,645 WestMountain Distressed Debt, Inc. 80,000 - - 80,000 - - Totals Shares or Units 80,000 1,645,000 $ 1,645 80,000 1,645,000 $ 1,645

Nature of Organization and Su14

Nature of Organization and Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Aggregate fair value of available-for-sale securities	$ 105,331		$ 105,331		$ 117,022
Unrealized loss on investments in marketable equity securities, net of tax	$ (49,021)	$ (19,149)	$ (22,838)	$ (443,423)

Related Parties (Details)

Related Parties (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2015
Related Party Transaction [Line Items]
Advisory/consulting fees, related parties	$ 43,970	$ 33,786		$ 119,970	$ 114,000
Advisory/consulting revenue from all sources				50,600	$ 60,750
Accounts receivable, related parties	$ 18,000			$ 18,000			$ 6,000
Cash dividend per share				$ .10	$ 0.01
Dividend income on nonmarketable securities					$ (193,634)
Bohemian Companies Limited Liability Company [Member]
Related Party Transaction [Line Items]
Amount of transaction				$ 3,000		$ 3,000
Accrued liabilities, related parties		0	$ 1,000		0	$ 1,000
Nexcore [Member]
Related Party Transaction [Line Items]
Accounts receivable, related parties		$ 394,800			$ 394,800
Shares		1,645,000			1,645,000
Dividend income on nonmarketable securities			$ 16,450

Related Parties (Schedule of Re

Related Parties (Schedule of Related Party Investments) (Details) (USD $) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Related Party Transaction [Line Items]
Cost	$ 147,156	$ 147,156
Hangover Joes Holding Corp [Member]
Related Party Transaction [Line Items]
Shares	868,678	1,824
Cost
WestMountain Gold, Inc. (formerly WestMountain Index Advisor, Inc.)
Related Party Transaction [Line Items]
Shares	918,000	918,000
Cost	$ 137,000	$ 71,604
Marketable Totals [Member]
Related Party Transaction [Line Items]
Shares	1,786,463	1,786,463
Cost	$ 138,916	$ 73,248
Nexcore Real Estate LLC Class B Units [Member]
Related Party Transaction [Line Items]
Shares		1,645,000	1,645,000
Cost		$ 1,645	$ 1,645
Nexcore Real Estate LLC [Member]
Related Party Transaction [Line Items]
Shares		1,645,000
Cost		$ 1,645
WestMountain Distressed Debt [Member]
Related Party Transaction [Line Items]
Shares	80,000	80,000
Non Marketable Totals [Member]
Related Party Transaction [Line Items]
Shares	1,725,000	1,725,000
Cost	$ 1,645	$ 1,645

Investments (Available for Sale

Investments (Available for Sale Marketable Securities) (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Shares	2,032,757	2,032,757
Cost	$ 147,156	$ 147,156
Market/Cost Value	105,331	117,022
Accumulated Unrealized Gain/Loss	$ 11,464	$ (30,134)
Hangover Joe's Holding Corporation [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares	868,463	868,463
Cost	$ 99,750	$ 99,750
Share Price	$ 0.0014	$ 0.0021
Market/Cost Value	$ 1,216	$ 1,824
Accumulated Unrealized Gain/Loss	$ (98,534)	$ (97,926)
Silver Verde May Mining Co., Inc [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares	246,294	246,294
Cost	$ 46,488	$ 46,488
Share Price	$ 0.0800	$ 0.1770
Market/Cost Value	$ 19,704	$ 43,594
Accumulated Unrealized Gain/Loss	$ (26,784)	$ (2,894)
WestMountain Gold, Inc. (formerly WestMountain Index Advisor, Inc.) [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares	918,000	918,000
Cost	$ 918	$ 918
Share Price	$ 0.1500	$ 0.0780
Market/Cost Value	$ 137,700	$ 71,604
Accumulated Unrealized Gain/Loss	$ 136,782	$ 70,686

Investments (Cost Method Nonmar

Investments (Cost Method Nonmarketable Investments) (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Shares/Units	1,925,000	280,000
Market/Cost Value	$ 1,645	$ 31,645
WM Distressed Debt NotMarketable [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares/Units	80,000	80,000
Raven Brick NotMarketable [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares/Units	11
SKRP 16 Inc [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares/Units	200,000	200,000
Market/Cost Value		$ 30,000
Nexcore Real Estate LLC [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares/Units	1,645,000	1,645,000
Market/Cost Value	$ 1,645
Nexcore Healthcare Capital [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares/Units	1,645,000	1,645,000
Market/Cost Value	$ 1,645	$ 1,645