InventaBioTech 10-K 17 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Apr. 07, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Entity Registrant Name	Westmountain Company
Entity Central Index Key	1,421,603
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,517,402
Entity Public Float			$ 319,113
Current Reporting Status	Yes
WellKnown Seasoned Issuer	No
Voluntary Filers	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash	$ 685,128	$ 579,971
Investments in marketable securities		117,022
Accounts receivable, related parties	6,000	6,000
Accounts receivable		16,435
Income tax receivable	40,501	19,873
Prepaid expenses	4,563	2,308
Deferred tax asset, net		106,208
Total current assets	736,192	847,817
Property and equipment, net of accumulated depreciation of $4,687 and $11,531, respectively	4,918	5,827
Investments in nonmarketable securities, at cost	1,645	31,645
Total assets	742,755	885,289
Current Liabilities:
Accounts payable and accrued liabilities	40,385	44,133
Accounts payable and accrued liabilities, related parties		5,751
Total current liabilities	40,385	49,884
Total liabilities	40,385	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)	(234,503)	(82,534)
Other comprehensive income (loss), net		(18,934)
Total shareholders' equity	702,370	835,405
Total liabilities and shareholders' equity	$ 742,755	$ 885,289

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets
Accumulated depreciation	$ 4,687	$ 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

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenue:
Advisory/consulting fees, related parties	$ 157,970	$ 152,000
Advisory/consulting fees	20,049	53,667
Total revenue	178,019	205,667
Operating expenses:
Selling, general and administrative expenses	328,372	334,479
Write-off of note receivable, related party		60,937
Total operating expenses	328,372	395,416
Loss from operations	(150,353)	(189,749)
Other income (expense):
Interest income	(76)
Other income	4,562
Distribution income on non marketable securities	322,726	280,225
Impairment loss on available for sale marketable securities	(60,000)
Realized loss on available for sale marketable securities	(147,102)	(193,634)
Total other income	120,110	86,591
Net (loss) income before income taxes	(30,243)	(103,158)
Income tax expense (benefit)	121,726	(11,672)
Net (loss)	(151,969)	(91,486)
Other comprehensive (loss)
Realized and unrealized gain (loss) on investments in marketable equity securities, net of tax	$ 18,934	$ (437,824)
Basic and Diluted net (loss) per share	$ (0.02)	$ (0.01)
Basic and Diluted weighted average common shares outstanding	9,517,402	9,517,402

Shareholders Equity

Shareholders Equity - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Total
Beginning Balance - Shares at Dec. 31, 2014	9,517,402
Beginning Balance - Amount at Dec. 31, 2014	$ 9,518	$ 927,355	$ 8,952	$ 418,890	$ 1,364,715
Unrealized loss on investments				(437,824)	(102,234)
Net income/loss			(91,486)		(91,486)
Ending Balance, Shares at Dec. 31, 2015	9,517,402
Ending Balance, Amount at Dec. 31, 2015	$ 9,518	927,355	(82,534)	(18,934)	835,405
Unrealized loss on investments				18,934	18,934
Net income/loss				(151,969)	(151,969)
Ending Balance, Shares at Dec. 31, 2016	9,517,402
Ending Balance, Amount at Dec. 31, 2016	$ 9,518	$ 927,355	$ (234,503)		$ 702,370

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net (loss) income	$ (151,969)	$ (91,486)
Adjustments to reconcile net (loss) income to net cash provided by
Depreciation	2,630	2,058
Loss on disposal of property and equipment	1,712
Realized loss on available for sale marketable securities	60,000
Impairment loss on available for sale marketable securities	147,102	193,634
Deferred income tax expense	95,062	43,584
Write-off of note receivable, related party		60,937
Changes in operating assets and operating liabilities:
Prepaid expenses and other current assets	(2,255)	7,499
Accounts receivable	16,435	(4,135)
Accounts receivable, related parties		35,125
Accounts payable and accrued liabilities	(3,748)	6,840
Accounts payable, related parties	(5,751)	5,751
Income tax refund receivable	(20,628)	(88,535)
Net cash provided by operating activities	138,590	171,272
Cash flows from investing activities:
Purchases of equipment	(3,433)	(1,712)
Loan to related party		(35,000)
Purchases of nonmarketable security	(30,000)
Net cash (used in) provided by investing activities	(33,433)	(36,712)
Net change in cash and cash equivalents	105,157	134,560
Cash and cash equivalents, beginning of period	579,971	445,411
Cash and cash equivalents, end of period	685,128	579,971
Supplemental disclosure of cash flow information:
Cash paid during the period for Income tax	71,020	62,650
Cash paid during the period for Interest
Non cash investing and financing activities:
Purchase of nonmarketable security investment shares in exchange for accounts receivable	21,000
Realized and unrealized loss on investments in marketable equity securities, net of tax	$ 18,934	$ 437,824

Nature of Organization and Summ

Nature of Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 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. 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. Principles of Consolidation Property holding entities and other subsidiaries of which we own 100% of the equity or have a controlling financial interest evidenced by ownership of a majority voting interest are consolidated. All inter-company balances and transactions are eliminated. The accompanying consolidated financial statements include the accounts of WestMountain Company and the following 100% owned subsidiaries, which were active at December 31, 2016 and 2015: WestMountain Business Consulting, Inc. WestMountain Allocation Analytics, Inc. WestMountain Valuation Services, Inc. Use of Estimates The preparation of the consolidated 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 the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash The Company considers all highly liquid securities with original maturities of three months or less when acquired to be cash equivalents. There were no cash equivalents as of December 31, 2016 and 2015. The Company periodically monitors its positions with, and the credit quality of, the financial institutions with which it invests. At December 31, 2016, and throughout the year, the Company has maintained balances in excess of the federally insured limits. Accounts Receivable Accounts receivable consists of amounts due to us for consulting fees associated with marketing and media consulting due from a related party. The Company considers accounts more than 30 days old to be past due. The Company uses the allowance method for recognizing bad debts. When an account is deemed uncollectible, it is written off against the allowance. Management records reasonable allowances to fairly represent accounts receivable amounts that are collectible. For the years ended December 31, 2016 and 2015, the Company did not record any allowance against our accounts receivable balance. Related Parties A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party. The Company had three unsecured promissory notes from WestMountain Distressed Debt. On December 31, 2015, management evaluated the collectability of the notes and determined it was necessary to write the balances off. A total of $60,937 was expensed to the statement of operations. Revenue We act primarily as a fee-based marketing and media consultant to public companies. As a consultant, we provide investor relations, website development, video production, and associated marketing and media services to clients. We are paid fees for our services by our clients under written consulting agreements. The Company recognizes revenue for its services generally when persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable and collectability is reasonably assured. In the general course of business, we receive stock-based compensation for our services. In many cases, the underlying stock is thinly traded and determining the value of revenue requires substantial judgment. If the underlying stock is traded in an active market, the value used to record revenue is based on the quoted market value of the stock. If there is not an active market, then the value is determined using other inputs. Concentrations During the year ended December 31, 2016, three related party customers, Bohemian Asset Management, Inc., Nexcore Healthcare Capital Corp. and Peter Kloepfer accounted for 89% of total revenue (45%, 41% and 3%, respectively). In addition, during 2015, two related party customers, Bohemian Asset Management, Inc., and Nexcore Healthcare Capital Corp. accounted for 74% of total revenue (39% and 35%, respectively). At December 31, 2016 and 2015, one related party customer, Nexcore Healthcare Capital Corp. accounted for 100% of total accounts receivable. Fair Value of Financial Instruments Authoritative guidance defines fair value and establishes a framework for measuring fair value and enhances disclosures about fair value measures. 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 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 valuation policies are determined by the Chief Financial Officer and approved by the Company's Board of Directors. 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 cash, accounts receivable and accounts payable and accrued liabilities are carried at cost when approximates fair value due to the short maturity of these investments. Available-for-sale securities are recorded at fair value. We primarily own securities in smaller public companies that are thinly traded. Determining fair value requires substantial judgment. For common stock securities, we first determine whether or not the stock is traded in an active market. Securities traded in an active market are marked-to-market using the quoted market price of the stock and are classified as Level 1 inputs. Securities that do not have an active market are measured using unobservable inputs, and are classified as Level 3 inputs. Unrealized holding gains and losses on available-for-sale securities are excluded from earnings and are reported as a separate component of other comprehensive income (loss) until realized. Realized gains and losses from the sale of available-for-sale securities are determined on a specific identification basis. A decline in the market value of any available-for-sale security below cost that is deemed to be other than temporary results in a reduction in carrying amount to fair value. The impairment is charged to earnings and a new cost basis for the security is established. Premiums and discounts are amortized or accreted over the life of the related available-for-sale security as an adjustment to yield using the effective interest method. Dividend and interest income are recognized when earned. Available-for-sale securities are accounted for on a specific identification basis. As of December 31, 2016 and 2015, the Company held available-for-sale securities with an aggregate fair value of $0 and $117,022, respectively. As of December 31, 2015, all of our available-for-sale securities were invested in publically traded equity holdings. The Company recognized realized and unrealized gains (losses), net of tax, in accumulated other comprehensive income as of December 31, 2016 and 2015 in the amounts of $18,934 and $(437,824), respectively. (See Note 2 for details of available-for-sale investments). The Company has consistently applied the valuation techniques discussed below in all periods presented. The Company's assets measured at fair value on a recurring basis at December 31, 2016 and 2015, were as follows: Quoted Prices in Significant Active Markets for Other Significant Identical Assets and Observable Unobservable Balance as of December 31, 2016 Liabilities Inputs Inputs December 31, Description (Level 1) (Level 2) (Level 3) 2016 Assets: Available-for-sale marketable securities $ - $ - $ - $ - The Company's assets measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 at December 31, 2015, were as follows: Quoted Prices in Significant Active Markets for Other Significant Identical Assets and Observable Unobservable Balance as of December 31, 2015 Liabilities Inputs Inputs December 31, Description (Level 1) (Level 2) (Level 3) 2015 Assets: Available-for-sale marketable securities $ 117,022 $ - $ - $ 117,022 Property and Equipment and Intangibles Computers are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets of three years. Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures for major renewals and betterments, which extend the useful lives of existing computers are capitalized and depreciated. Upon retirement or disposition of computers and intangibles, the cost and related accumulated depreciation is removed from the accounts and any resulting gain or loss is recognized in the consolidated statements of operations. Intangible Assets Intangible assets are stated at cost. Amortization is calculated using the straight-line method over the estimated useful life of seven years. As of December 31, 2016 and 2015, the intangible assets were fully amortized. Long-Lived Assets All long-lived assets are reviewed when events or changes in circumstances indicate that the carrying amounts of such assets may not be recoverable. An impairment loss is recognized when estimated undiscounted cash flows that can be generated by those assets are less than the carrying value of the assets. When an impairment loss is recognized, the carrying amount is reduced to its estimated fair value based on appraisals or other reasonable methods to estimate fair value. There was no impairment of long-lived assets as of December 31, 2016 and 2015. Investments in Marketable and Nonmarketable Securities The Company reports its investments in marketable securities on the consolidated balance sheet as available-for-sale. Investments are deemed to be marketable when they are investments in public companies. Investments reflect the original cost of the investments and unrealized gain/loss amounts based on the market price as of the date of the consolidated financial statements. Any tax adjustment related to the unrealized gain/loss is reflected as a deferred tax asset or liability on the consolidated balance sheet. The Company reports its investments in nonmarketable securities on balance sheet using the cost method. Investments are deemed to be nonmarketable when they are investments in private companies. Investments in nonmarketable securities reflect the original cost of the investment. Other comprehensive income (OCI) is made up of the unrealized gain/loss amounts related to the available-for-sale investments of the Company. The OCI balance is recorded net of tax. Equity Method Investments For investments that represent significant influence in the investee, the Company follows ASC 323 Investments – Equity Method and Joint Ventures Income Taxes Deferred income tax assets and liabilities are recognized for the expected future income tax consequences of events that have been included in the consolidated financial statements or income tax returns. Deferred income tax assets and liabilities are determined based on differences between the financial statement and tax bases of assets and liabilities using tax rates in effect for the years in which the differences are expected to reverse. In evaluating the ultimate realization of deferred income tax assets, management considers whether it is more likely than not that the deferred income tax assets will be realized. Management establishes a valuation allowance if it is more likely than not that all or a portion of the deferred income tax assets will not be utilized. The ultimate realization of deferred income tax assets is dependent on the generation of future taxable income, which must occur prior to the expiration of the net operating loss carry forwards. Earnings per Share Basic income per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding. Diluted income per share is determined by dividing the net income by the sum of (1) the weighted average number of common shares outstanding and (2) if not anti-dilutive, the effect of stock awards determined utilizing the treasury stock method. The dilutive effect of any outstanding awards for the year ended December 31, 2015 was zero shares. For December 31, 2016 there were no outstanding awards to impact our earnings per share computation. Recently Issued Accounting Pronouncements In August 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 is effective for the Company for the year ending on December 31, 2016. The adoption of this standard did not have a material impact on our consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. We adopted ASU 2015-17 on a prospective basis as of December 31, 2015. The adoption of ASU 2015-17 did not have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes previous revenue recognition guidance. This standard introduces a new five-step revenue recognition model in which an entity should recognize revenue. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. This standard will become effective for the Company beginning with the first quarter 2018 and can be adopted either retrospectively to each prior reporting period presented or as a cumulative effect adjustment as of the date of adoption. The adoption of ASU 2014-09 is not expected to have a material impact on our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" ("ASU 2015-02"). ASU 2015-02 is intended to improve targeted areas of consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. This ASU simplifies consolidation accounting by reducing the number of consolidation models and improves current GAAP by (1) placing more emphasis on risk of loss when determining a controlling financial interest; (2) reducing the frequency of the application of related-party guidance when determining a controlling financial interest in a VIE; and (3) changing consolidation conclusions for public and private companies in several industries that typically make use of limited partnerships or VIEs. Entities can transition to the standard either retrospectively or as a cumulative effect adjustment as of the date of adoption. The Company adopted the amendments of ASU 2015-02, effective December 31, 2016. The adoption did not have an impact on our consolidated financial statements.

Investments

Investments	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments	(2) Investments Equity Method Investments Investments in Available for Sale Marketable Securities The Company's investments in available for sale marketable securities as of December 31, 2016 and 2015 are summarized below. As of December 31, 2016 Accumulated Share 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 0.1000 24,629 (21,858 ) WestMountain Gold, Inc. 918,000 918 0.0399 36,628 35,710 Investment totals 2,032,757 $ 147,156 $ 62,473 $ (84,682 ) Subsequent to December 31, 2016, the Company determined that our investments in Hangover Joe's Holding Corporation and Silver Verde May Mining Co., Inc., were other than temporarily impaired due to the fact they did not have adequate trading volume, there were no financial statements available for review, and based on the Company's understanding of the financial conditions of the entities. WestMountain Gold, Inc. filed Chapter 11 of the Bankruptcy Code on March 1, 2017. Upon a complete review and analysis of the Company's available-for-sale marketable securities on December 31, 2016, management has determined to record a full impairment loss, of $147,102, to the consolidated statement of operations, on all securities. As of December 31, 2015 Accumulated Share 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 ) On May 7, 2015 Omni Bio Pharmaceutical, Inc. ("Omni Bio") filed a Form 8K announcing it had been unsuccessful in its fundraising and partnering/licensing efforts and did not anticipate being able to raise sufficient capital to continue operations. Consequently, the Board of Directors of Omni Bio approved an orderly wind down, including negotiations with its senior secured creditor, Bohemian Investments, LLC. During the year ended December 31, 2015, the Company's investment in Omni Bio was determined to have 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 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. The Company's investments in nonmarketable securities accounted for under the cost method as of December 31, 2016 and December 31, 2015 are summarized below. Company Name Shares Cost Shares Units Cost Nonmarketable Securities: SKRP 16, Inc. 200,000 $ - 200,000 - $ 30,000 Nexcore Companies LLC (Common Units) - 1,645 - 1,645,000 1,645 WestMountain Distressed Debt, Inc. 80,000 - 80,000 - - RavenBrick (Class C Units) - - - - - Total Shares or Units 280,000 $ 1,645 280,000 1,645,000 $ 31,645 During February 2016, the Company paid $30,000 for 6.98 of RavenBrick Class C unit shares. RavenBrick was an existing customer to whom we provide advisory services. These services consisted of, but were not limited to, developing public recognition of their business plans and strategic goals, and engaging in website development and media production. In addition, during the second quarter ended June 30, 2016, the Company exchanged advisory services for an additional 3.72 of RavenBrick Class C unit shares recognized at no value. Upon a complete review and analysis of the Company's nonmarketable securities during 2016, management determined to record an other than temporary impairment loss of $60,000 related to SKRP 16, Inc. of $30,000 and RavenBrick of $30,000 based on the Company's understanding of the financial conditions of the entities. This loss was posted to the consolidated statement of operations for all nonmarketable securities.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Parties	(3) Related Parties Bohemian Companies, LLC and BOCO Investments, LLC are two companies under common control. Mr. Klemsz, our CEO and Director, 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, BOCO Investments, LLC, Bohemian Asset Management, and WestMountain Gold, Inc., related party transactions. Revenue For the years ended December 31, 2016 and 2015, the Company recorded aggregate advisory/consulting revenue of $178,019 and $205,667 respectively. Of the $178,019 and $205,667 recorded advisory/consulting revenue in 2016 and 2015, $157,970 and $152,000 is related party revenue. This advisory/consulting fee revenue relates to services performed for Bohemian Asset Management, Inc., Nexcore Healthcare Capital Corp. and Peter Kloepfer. The related parties and the Company have common affiliates. As of December 31, 2016 and 2015, the Company had outstanding accounts receivables from related parties of $6,000 and $6,000, respectively. Investments in Marketable and Nonmarketable Securities On December 15, 2014 the Board of Directors for NexCore Healthcare Capital Corp, authorized a $0.025 per share cash dividend payable to holders of NexCore common stock of record on December 1, 2014. We recorded a $41,125 receivable and respective dividend income in December 2014. On January 7, 2015 we deposited a check in the amount of $41,125 as a result of that cash dividend. 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. On November 4, 2015, the Board of Directors of NexCore Companies LLC, authorized a $0.167 per unit cash distribution in the amount of $274,715. On December 19, 2016, the Board of Directors of NexCore Companies, LLC, authorized a $0.21 per unit cash distribution for 2016. The Company received a wire on December 29, 2016 in the amount of $322,726. As of December 31, 2016 and 2015, the following investments in marketable and nonmarketable securities were held in related parties due to common principal ownership: December 31, 2016 December 31, 2015 Company Name Shares Units Fair Value Shares Units Fair Value Marketable Securities: Hangover Joe's Holding Corporation 868,463 - $ - 868,463 - $ 1,824 WestMountain Gold, Inc. 918,000 - - 918,000 - 71,604 Total Shares or Units 1,786,463 - $ - 1,786,463 - $ 73,428 Company Name Shares Units Cost Shares Units Cost Nonmarketable Securities: Nexcore Companies LLC (Common Units) - 1,645,000 $ 1,645 - 1,645,000 $ 1,645 WestMountain Distressed Debt, Inc. - - - 80,000 - - Total Shares or Units - 1,645,000 $ 1,645 80,000 1,645,000 $ 1,645 Total 1,786,463 1,645,000 $ 1,645 1,866,463 1,645,000 $ 75,073 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. 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. 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. As of December 31, 2015, the total principal and interest due on this note is $30,814. A full allowance has been recognized against this note and the accrued interest. 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. A full allowance has been recognized against this note and the accrued interest. 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 $29,729. The new note carries an interest rate of 18% per annum until paid in full. Repayment of the loan is due on or before July 29, 2016. A full allowance has been recognized against this note and the accrued interest. 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. The new principal amount was $10,740. The new note carries an interest rate of 18% per annum until paid in full. Repayment of the loan is due on or before May 4, 2016. As of December 31, 2015, principal and interest due on this note is $11,219. A full allowance has been recognized against this note and the accrued interest. WestMountain Company provided funding to WestMountain Distressed Debt, Inc. ("WMDS") to assist in paying their current operational expenses. The Company is not the only financial supporter to WMDS. The total funding at risk is not sufficient to permit this entity to finance its activities without additional subordinated financial support. On December 31, 2015 management evaluated the collectability of the notes and determined it was necessary to write the balances off. A total of $60,937 was expensed to the consolidated statement of operations. The Company has determined that WMDS is considered a "variable interest entity", however, WestMountain Company is not the primary beneficiary. The total funding at risk is not sufficient to permit this entity to finance its activities without additional subordinated financial support. 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.

Stockholders Equity

Stockholders Equity	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholders Equity	(4) Stockholders Equity Common stock No common shares were issued or retired during the years ended December 31, 2016 and 2015. Stock options On August 15, 2011, the Company reserved 500,000 common stock options of which 200,000 were granted to our employees. As stated in the compensation plan, these options have a four year term. 50% of the options will become vested and exercisable immediately, 25% on the first anniversary date of August 15, 2011, and 25% on the second anniversary date of August 15, 2012. All outstanding options expired during the year ended December 31, 2015.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(5) Commitments and Contingencies In the normal course of business, the Company is party to litigation from time to time. The Company maintains insurance to cover certain actions and believes that resolution of any such litigation will not have a material adverse effect on the Company.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	(6) Income Taxes The Company records deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the consolidated financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The provision of income taxes consists of the following for the years ended December 31, 2016 and 2015: Provision for taxes 2016 2015 Current: Federal $ 26,665 $ (60,831 ) State - 5,574 Total current 26,665 (55,257 ) Deferred: Federal 95,061 32,152 State - 11,433 Total deferred 95,061 43,585 Income tax expense (benefit) $ 121,726 $ (11,672 ) Deferred tax assets and liabilities consisted of the following as of December 31, 2016 and 2015: Deferred taxes consists of: December 31, 2016 2015 Current Compensation Accruals $ 7,183 $ 8,164 Investments in Flow Through Entities 12,432 33,077 Bad Deb Reserve 22,233 22,233 Prepaid Expenses (1,690 ) (856 ) Fixed Assets (35 ) (64 ) Unrealized Losses 76,764 - Interest Payable - Related Party 22,581 26,452 Other (609 ) (609 ) Equity / Option Compensation - 15,207 Accumulated OCI - 11,147 Net operating loss carryforwards 23,442 27,538 Total long-term deferred tax asset 162,301 142,289 Total deferred tax assets (liabilities) 162,301 142,289 Valuation allowance (162,301 ) (36,081 ) Net deferred tax assets (liabilities) $ - $ 106,208 The expense or benefit for income taxes differs from the amount computed by applying the U.S. federal income tax rate of 34% for 2016 and 22% for 2015 to income or loss before income taxes as follows for the years ended. 2016 2015 U.S. federal income tax expense\(benefit) at statutory rates $ (10,283 ) $ (35,074 ) Permanent differences (3,722 ) 2,062 State income tax expense\(benefit), net of federal impact - 18,264 Effect of Change in Estimated Federal Rate from 22% to 34% 4,868 4,155 Other 3,455 (1,079 ) Change in valuation allowance 127,408 - $ 121,726 $ (11,672 ) As of December 31, 2016, the Company has approximately $113 million in net operating loss ("NOL") carryforwards that, subject to limitation, may be available in future tax years to offset table income. These net operating loss carryforwards expire in 2031 through 2036. Under the provisions of the Internal Revenue Code, substantial changes in the Company's ownership may result in limitations on the amount of NOL carryforwards that can be utilized in future years. The Company has provided a full valuation allowance against its deferred tax assets as it has determined that it is not more likely than not that recognition of such deferred tax assets will be utilized in the foreseeable future. The amount of income taxes and related income tax positions taken are subject to audits by federal and state tax authorities. The Company has adopted accounting guidance for uncertain tax positions which provides that in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon recognition of the benefit. The Company believes that it has no material uncertain tax positions and has fully reserved against the Company's future tax benefit with a valuation allowance and does not expect significant changes in the amount of unrecognized tax benefits to occur within the next twelve months. The Company's policy is to record a liability for the difference between benefits that are both recognized and measured pursuant to GAAP and tax positions taken or expected to be taken on the tax return. Then, to the extent that the assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. The Company reports tax-related interest and penalties as a component of income tax expense. No interest or penalties have been assessed for the years ending December 31, 2016 and 2015. During the periods reported, management of the Company has concluded that no significant tax position requires recognition. The Company files income tax returns in the United States federal and Colorado state jurisdictions. The Company is no longer subject to income tax examinations for federal income taxes before 2012 or for Colorado before 2011. Net operating loss carryforwards are subject to examination in the year they are utilized regardless of whether the tax year in which they are generated has been closed by statute. The amount subject to disallowance is limited to the NOL utilized. Accordingly, the Company may be subject to examination for prior NOLs generated as such NOLs are utilized.

Notes Receivable

Notes Receivable	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Notes Receivable	(7) Notes Receivable In October 2016, our President agreed to finance part of the monthly consulting fees that are billed to RavenBrick. Our original consulting agreement with RavenBrick outlined a fee of $4,000. Starting with the August 2016 consulting fee, RavenBrick will pay $1,500 and the remaining $2,500 will be a secured convertible promissory note receivable. Each month, a new note will be generated for $2,500. Every note carries a 12% interest rate. The principal due as of December 31, 2016 is $7,500. The original maturity date was January 6, 2017, but was automatically extended to March 15, 2017. The note is currently in default. The Company may, at any time, choose to convert all principal and accrued interest into Preferred C Units. The price for such Conversion Units is set at $1,000 per Unit. As of December 31, 2016, the Company recorded a full allowance against all RavenBrick notes receivable due to the lack of financial and capital funding information, and the extension of the notes for a possible third time. No interest has been accrued and recorded through December 31, 2016.

Nature of Organization and Su14

Nature of Organization and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 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. 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.
Principles of Consolidation	Principles of Consolidation Property holding entities and other subsidiaries of which we own 100% of the equity or have a controlling financial interest evidenced by ownership of a majority voting interest are consolidated. All inter-company balances and transactions are eliminated. The accompanying consolidated financial statements include the accounts of WestMountain Company and the following 100% owned subsidiaries, which were active at December 31, 2016 and 2015: WestMountain Business Consulting, Inc. WestMountain Allocation Analytics, Inc. WestMountain Valuation Services, Inc.
Use of Estimates	Use of Estimates The preparation of the consolidated 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 the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash	Cash The Company considers all highly liquid securities with original maturities of three months or less when acquired to be cash equivalents. There were no cash equivalents as of December 31, 2016 and 2015. The Company periodically monitors its positions with, and the credit quality of, the financial institutions with which it invests. At December 31, 2016, and throughout the year, the Company has maintained balances in excess of the federally insured limits.
Accounts Receivable	Accounts Receivable Accounts receivable consists of amounts due from consulting fees associated with marketing and media consulting due from a related party. The Company considers accounts more than 30 days old to be past due. The Company uses the allowance method for recognizing bad debts. When an account is deemed uncollectible, it is written off against the allowance. Management records reasonable allowances to fairly represent accounts receivable amounts that are collectible. For the years ended December 31, 2016 and 2015, the Company did not record any allowance against our accounts receivable balance.
Related Parties	Related Parties A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party. The Company had three unsecured promissory notes from WestMountain Distressed Debt. On December 31, 2015, management evaluated the collectability of the notes and determined it was necessary to write the balances off. A total of $60,937 was expensed to the statement of operations.
Revenue	Revenue We act primarily as a fee-based marketing and media consultant to public companies. As a consultant, we provide investor relations, website development, video production, and associated marketing and media services to clients. We are paid fees for our services by our clients under written consulting agreements. The Company recognizes revenue for its services generally when persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable and collectability is reasonably assured. In the general course of business, we receive stock-based compensation for our services. In many cases, the underlying stock is thinly traded and determining the value of revenue requires substantial judgment. If the underlying stock is traded in an active market, the value used to record revenue is based on the quoted market value of the stock. If there is not an active market, then the value is determined using other inputs.
Concentrations	Concentrations During the year ended December 31, 2016, three related party customers, Bohemian Asset Management, Inc., Nexcore Healthcare Capital Corp. and Peter Kloepfer accounted for 89% of total revenue (45%, 41% and 3%, respectively). In addition, during 2015, two related party customers, Bohemian Asset Management, Inc., and Nexcore Healthcare Capital Corp. accounted for 74% of total revenue (39% and 35%, respectively). At December 31, 2016 and 2015, one related party customer, Nexcore Healthcare Capital Corp. accounted for 100% of total accounts receivable.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Authoritative guidance defines fair value and establishes a framework for measuring fair value and enhances disclosures about fair value measures. 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 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 valuation policies are determined by the Chief Financial Officer and approved by the Company's Board of Directors. 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 cash, accounts receivable and accounts payable and accrued liabilities are carried at cost when approximates fair value due to the short maturity of these investments. Available-for-sale securities are recorded at fair value. We primarily own securities in smaller public companies that are thinly traded. Determining fair value requires substantial judgment. For common stock securities, we first determine whether or not the stock is traded in an active market. Securities traded in an active market are marked-to-market using the quoted market price of the stock and are classified as Level 1 inputs. Securities that do not have an active market are measured using unobservable inputs, and are classified as Level 3 inputs. Unrealized holding gains and losses on available-for-sale securities are excluded from earnings and are reported as a separate component of other comprehensive income (loss) until realized. Realized gains and losses from the sale of available-for-sale securities are determined on a specific identification basis. A decline in the market value of any available-for-sale security below cost that is deemed to be other than temporary results in a reduction in carrying amount to fair value. The impairment is charged to earnings and a new cost basis for the security is established. Premiums and discounts are amortized or accreted over the life of the related available-for-sale security as an adjustment to yield using the effective interest method. Dividend and interest income are recognized when earned. Available-for-sale securities are accounted for on a specific identification basis. As of December 31, 2016 and 2015, the Company held available-for-sale securities with an aggregate fair value of $0 and $117,022, respectively. As of December 31, 2015, all of our available-for-sale securities were invested in publically traded equity holdings. The Company recognized realized and unrealized gains (losses), net of tax, in accumulated other comprehensive income as of December 31, 2016 and 2015 in the amounts of $18,934 and $(437,824), respectively. (See Note 2 for details of available-for-sale investments). The Company has consistently applied the valuation techniques discussed below in all periods presented. The Company's assets measured at fair value on a recurring basis at December 31, 2016 and 2015, were as follows: Quoted Prices in Significant Active Markets for Other Significant Identical Assets and Observable Unobservable Balance as of December 31, 2016 Liabilities Inputs Inputs December 31, Description (Level 1) (Level 2) (Level 3) 2016 Assets: Available-for-sale marketable securities $ - $ - $ - $ - The Company's assets measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 at December 31, 2015, were as follows: Quoted Prices in Significant Active Markets for Other Significant Identical Assets and Observable Unobservable Balance as of December 31, 2015 Liabilities Inputs Inputs December 31, Description (Level 1) (Level 2) (Level 3) 2015 Assets: Available-for-sale marketable securities $ 117,022 $ - $ - $ 117,022
Property and Equipment and Intangibles	Property and Equipment and Intangibles Computers and intangibles are stated at cost. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the related assets, ranging from three to seven years. Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures for major renewals and betterments, which extend the useful lives of existing computers and intangibles, are capitalized and depreciated or amortized. Upon retirement or disposition of computers and intangibles, the cost and related accumulated depreciation and amortization are removed from the accounts and any resulting gain or loss is recognized in the statements of operations.
Intangible Assets	Intangible Assets Intangible assets are stated at cost. Amortization is calculated using the straight-line method over the estimated useful life of seven years. As of December 31, 2016 and 2015, the intangible assets were fully amortized.
Long-Lived Assets	Long-Lived Assets All long-lived assets are reviewed when events or changes in circumstances indicate that the carrying amounts of such assets may not be recoverable. An impairment loss is recognized when estimated undiscounted cash flows that can be generated by those assets are less than the carrying value of the assets. When an impairment loss is recognized, the carrying amount is reduced to its estimated fair value based on appraisals or other reasonable methods to estimate fair value. There was no impairment of long-lived assets as of December 31, 2016 and 2015.
Investments in Marketable and Nonmarketable Securities	Investments in Marketable and Nonmarketable Securities The Company reports its investments in marketable securities on the consolidated balance sheet as available-for-sale. Investments are deemed to be marketable when they are investments in public companies. Investments reflect the original cost of the investments and unrealized gain/loss amounts based on the market price as of the date of the consolidated financial statements. Any tax adjustment related to the unrealized gain/loss is reflected as a deferred tax asset or liability on the consolidated balance sheet. The Company reports its investments in nonmarketable securities on balance sheet using the cost method. Investments are deemed to be nonmarketable when they are investments in private companies. Investments in nonmarketable securities reflect the original cost of the investment. Other comprehensive income (OCI) is made up of the unrealized gain/loss amounts related to the available-for-sale investments of the Company. The OCI balance is recorded net of tax.
Equity Method Investments	Equity Method Investments For investments that represent significant influence in the investee, the Company follows ASC 323 Investments – Equity Method and Joint Ventures
Income Taxes	Income Taxes Deferred income tax assets and liabilities are recognized for the expected future income tax consequences of events that have been included in the consolidated financial statements or income tax returns. Deferred income tax assets and liabilities are determined based on differences between the financial statement and tax bases of assets and liabilities using tax rates in effect for the years in which the differences are expected to reverse. In evaluating the ultimate realization of deferred income tax assets, management considers whether it is more likely than not that the deferred income tax assets will be realized. Management establishes a valuation allowance if it is more likely than not that all or a portion of the deferred income tax assets will not be utilized. The ultimate realization of deferred income tax assets is dependent on the generation of future taxable income, which must occur prior to the expiration of the net operating loss carry forwards. The Company has analyzed filing positions in all of the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. The Company has identified its federal tax return and its state tax return in Colorado as "major" tax jurisdictions, as defined. The Company is not currently under examination by the Internal Revenue Service or any other jurisdiction. The Company believes that its income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material adverse effect on the Company's financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded.
Earnings per Share	Earnings per Share Basic income per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding. Diluted income per share is determined by dividing the net income by the sum of (1) the weighted average number of common shares outstanding and (2) if not anti-dilutive, the effect of stock awards determined utilizing the treasury stock method. The dilutive effect of any outstanding awards for the year ended December 31, 2015 was zero shares. For December 31, 2016 there were no outstanding awards to impact our earnings per share computation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 is effective for the Company for the year ending on December 31, 2016. The adoption of this standard did not have a material impact on our consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. We adopted ASU 2015-17 on a prospective basis as of December 31, 2015. The adoption of ASU 2015-17 did not have a material impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes previous revenue recognition guidance. This standard introduces a new five-step revenue recognition model in which an entity should recognize revenue. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. This standard will become effective for the Company beginning with the first quarter 2018 and can be adopted either retrospectively to each prior reporting period presented or as a cumulative effect adjustment as of the date of adoption. The adoption of ASU 2014-09 is not expected to have a material impact on our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" ("ASU 2015-02"). ASU 2015-02 is intended to improve targeted areas of consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. This ASU simplifies consolidation accounting by reducing the number of consolidation models and improves current GAAP by (1) placing more emphasis on risk of loss when determining a controlling financial interest; (2) reducing the frequency of the application of related-party guidance when determining a controlling financial interest in a VIE; and (3) changing consolidation conclusions for public and private companies in several industries that typically make use of limited partnerships or VIEs. Entities can transition to the standard either retrospectively or as a cumulative effect adjustment as of the date of adoption. The Company adopted the amendments of ASU 2015-02, effective December 31, 2016. The adoption did not have an impact on our consolidated financial statements.

Nature of Organization and Su15

Nature of Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis	Quoted Prices in Significant Active Markets for Other Significant Identical Assets and Observable Unobservable Balance as of December 31, 2016 Liabilities Inputs Inputs December 31, Description (Level 1) (Level 2) (Level 3) 2016 Assets: Available-for-sale marketable securities $ - $ - $ - $ - The Company's assets measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 at December 31, 2015, were as follows: Quoted Prices in Significant Active Markets for Other Significant Identical Assets and Observable Unobservable Balance as of December 31, 2015 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)	12 Months Ended
	Dec. 31, 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 December 31, 2016 and 2015 are summarized below. As of December 31, 2016 Accumulated Share Market/Cost 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 0.1000 24,629 (21,858 ) WestMountain Gold, Inc. 918,000 918 0.0399 36,628 35,710 Investment totals 2,032,757 $ 147,156 $ 62,473 $ (84,682 ) less tax impact in OCI 54 Total impairment $ 147,102 As of December 31, 2015 Accumulated Share Market/Cost 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 )
Schedule of Cost Method Investments	The Company's investments in nonmarketable securities accounted for under the cost method as of December 31, 2016 and December 31, 2015 are summarized below. For the year ended For the year ended December 31, 2016 December 31, 2015 Company Name Shares Units Cost Shares Units Cost Nonmarketable Securities: SKRP 16, Inc. - - - 200,000 - 30,000 Silver Verde May Mining Co., Inc. Nexcore Real Estate LLC (Common Units) - 1,645,000 1,645 - 1,645,000 1,645 WestMountain Distressed Debt, Inc. - - - 80,000 - - RavenBrick (Class C Units) - - - - - - Total Shares or Units - 1,645,000 1,645 280,000 1,645,000 31,645 Total - 1,645,000 1,645 280,000 1,645,000 31,645

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2016
Related Parties Tables
Securities held in related parties due to common principal ownership	For the year ended For the year ended December 31, 2016 December 31, 2015 Company Name Shares Units Cost Shares Units Cost Marketable Securities: Hangover Joe's Holding Corporation - - $ - 868,463 - $ 1,824 WestMountain Gold, Inc. - - - 918,000 - 71,604 Total Shares or Units - - - 1,786,463 - 73,428 Nonmarketable Securities: Nexcore Real Estate LLC (Common Units) - 1,645,000 1,645 - 1,645,000 1,645 WestMountain Distressed Debt, Inc. - - - 80,000 - - RavenBrick (Class C Units) - - - - - - Total Shares or Units - 1,645,000 1,645 80,000 1,645,000 1,645 Total - 1,645,000 $ 1,645 1,866,463 1,645,000 $ 75,073
Summary of the current 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 $ 25,000 $ 937 $ 25,937 7/27/2015 1/28/2016 25,000 - $ 25,000 11/5/2015 5/5/2016 10,000 - $ 10,000 TOTAL DUE $ 60,000 $ 937 $ 60,937 Write off due to uncertain collectability $ (60,937 ) Note receivable, related parties $ -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision	Provision for taxes 2016 2015 Current: Federal $ 26,665 $ (60,831 ) State - 5,574 Total current 26,665 (55,257 ) Deferred: Federal 95,061 32,152 State - 11,433 Total deferred 95,061 43,585 Income tax expense (benefit) $ 121,726 $ (11,672 )
Schedule of Deferred Tax Assets and Liabilities	Deferred taxes consists of: December 31, 2016 2015 Deferred tax assets (liabilities): Current Compensation Accruals $ 7,183 $ 8,164 Investments in Flow Through Entities 12,432 33,077 Bad Deb Reserve 22,233 22,233 Prepaid Expenses (1,690 ) (856 ) Fixed Assets (35 ) (64 ) Unrealized Losses 76,764 - Interest Payable - Related Party 22,581 26,452 Other (609 ) (609 ) Equity / Option Compensation - 15,207 Accumulated OCI - 11,147 Net operating loss carryforwards 23,442 27,538 Total long-term deferred tax asset 162,301 142,289 Total deferred tax assets (liabilities) 162,301 142,289 Valuation allowance (162,301 ) (36,081 ) Net deferred tax assets (liabilities) $ - $ 106,208
Schedule of Effective Income Tax Rate Reconciliation	2016 2015 U.S. federal income tax expense\(benefit) at statutory rates $ (10,283 ) $ (35,074 ) Permanent differences (3,722 ) 2,062 State income tax expense\(benefit), net of federal impact - 18,264 Effect of Change in Estimated Federal Rate from 22% to 34% 4,868 4,155 Other 3,455 (1,079 ) Change in valuation allowance 127,408 - $ 121,726 $ (11,672 )

Nature of Organization and Su19

Nature of Organization and Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized loss on investments in marketable equity securities, net of tax	$ 18,934	$ (437,824)
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		117,022
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities		117,022
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities

Investments (Available for Sale

Investments (Available for Sale Marketable Securities) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Shares	2,032,757	1,786,463
Cost	$ 147,156	$ 340,791
Share Price
Market/Cost Value	62,473	$ 1,006,230
Accumulated Unrealized Gain/(Loss)	62,473	$ 665,439
Less tax impact in OCI	54
Total Impairment	$ 147,102
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	$ 1,216
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	$ 0.1000	$ 0.1770
Market/Cost Value		$ 43,594
Accumulated Unrealized Gain/(Loss)	$ (21,858)	$ (2,894)
WestMountain Gold, Inc. [Member]
Schedule of Available-for-sale Securities [Line Items]
Shares	918,000	918,000
Cost	$ 918	$ 918
Share Price	$ 0.0399	$ 0.0780
Market/Cost Value	$ 36,628	$ 71,604
Accumulated Unrealized Gain/(Loss)	$ 35,710	$ 70,686

Investments (Cost Method Invest

Investments (Cost Method Investments) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of Cost-method Investments [Line Items]
Shares		280,000
Units	1,645,000	1,645,000
Cost	$ 1,645	$ 31,645
Service agreement services provided	$ 0	$ 2,000
SRKP 16, Inc. [Member]
Schedule of Cost-method Investments [Line Items]
Shares	200,000	200,000
Cost	$ 30,000	$ 30,000
Nexcore Companies, LLC [Member]
Schedule of Cost-method Investments [Line Items]
Units		1,645,000
Cost		$ 1,645
WestMountain Distressed Debt [Member]
Schedule of Cost-method Investments [Line Items]
Shares	80,000
Cost
NexCore Real Estate LLC (Class B Units) Member
Schedule of Cost-method Investments [Line Items]
Units	1,645,000
Cost	$ 1,645
NexCore Healthcare Capital Corp. [Member]
Schedule of Cost-method Investments [Line Items]
Shares	1,645,000
Cost	$ 1,645

Related Parties (Schedule of Re

Related Parties (Schedule of Related Party Investments) (Details) (USD $) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Marketable Securities:
Shares		1,786,463
Market cost/value		$ 323,732
Nonmarketable Securities:
Shares	80,000	1,725,000
Units	1,645,000	1,645,000
Market cost/value	$ 1,645	$ 1,645
Hangover Joes Holding Corp [Member]
Marketable Securities:
Shares		868,463
Market cost/value		$ 1,824
WestMountain Gold, Inc.
Marketable Securities:
Shares		918,000
Market cost/value		$ 71,604
Nexcore Real Estate LLC Class B Units [Member]
Nonmarketable Securities:
Units	1,645,000	1,645,000
Market cost/value	$ 1,645	$ 1,645
Nexcore Healthcare Capital Corp [Member]
Nonmarketable Securities:
Shares	1,645,000
Market cost/value	$ 1,645	$ 1,645
WestMountain Distressed Debt, Inc. (Member)
Nonmarketable Securities:
Shares	80,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Feb. 15, 2016USD ($)
Subsequent Events [Abstract]
RavenBrick Class C unit shares purchased	$ 30,000

Income Taxes (Components of Inc

Income Taxes (Components of Income Tax) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ (60,831)	$ 39,461
State	5,574	6,299
Total current	(55,257)	45,760
Deferred:
Federal	32,152	(58,863)
State	11,433	(214)
Total deferred	43,585	(59,077)
Income tax benefit	$ 121,726	$ (11,672)

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets (liabilities):
Compensation Accruals	$ 8,164	$ 8,330
Investments in Flow Through Entities	33,077	94,708
Bad debt reserve	22,233	22,233
Prepaid expenses	(856)	(3,634)
Fixed assets	(64)	2,411
Unrealized losses
Interest Payable - Related Party	26,452
Other	(609)	(609)
Equity / Option Compensation	15,207	15,207
Accumulated OCI	11,147	(246,604)
Net operating loss carryforwards	27,538
Total current deferred tax asset	142,289	(107,958)
Long-term
Net operating loss carryforwards	(27,538)
Other Liabilities
Total long-term deferred tax asset net
Total deferred tax assets (liabilities)	142,289	(108)
Valuation allowance	(36,081)
Net deferred tax assets (liabilities)	$ 106,208	$ (107,958)

Income Taxes (Effective Income

Income Taxes (Effective Income Tax Rate Reconciliation) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
U.S. federal income tax benefit at statutory rates	$ (35,074)	$ 37,277
Permanent differences	2,062	(20,337)
State income tax benefit, net of federal impact	18,264	4,196
Effect of Change in Estimated Federal Rate from 22% to 34%	4,155	(34,453)
Other	(1,206)
Change in valuation allowance
Income tax benefit	$ (11,799)	$ (13,317)

Notes Receivable (Details Narra

Notes Receivable (Details Narrative)	12 Months Ended
	Dec. 31, 2016USD ($)
Receivables [Abstract]
Fee for consulting	$ 4,000
Amount to be paid intially	1,500
Balance to be will be a secured convertible promissory note receivable	2,500
Promissory note generated each month	$ 2,500
Interest rate on every notes	12.00%
Original maturity date	Mar. 15, 2017
Description of notes	In October 2016, our President agreed to finance part of the monthly consulting fees that are billed to RavenBrick. Our original consulting agreement with RavenBrick outlined a fee of $4,000. Starting with the August 2016 consulting fee, RavenBrick will pay $1,500 and the remaining $2,500 will be a secured convertible promissory note receivable. Each month, a new note will be generated for $2,500. Every note carries a 12% interest rate. The original maturity date was January 6, 2017, but was automatically extended to March 15, 2017. The Company may, at any time, choose to convert all principal and accrued interest into Preferred C Units. The price for such Conversion Units is set at $1,000 per Unit.