| Document and Entity Information - shares | 3 Months Ended | |
| Mar. 31, 2017 | May 10, 2017 | |
| 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 | Mar. 31, 2017 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --12-31 | |
| Document Fiscal Period Focus | Q1 | |
| Document Fiscal Year Focus | 2,017 | |
| 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 |
| Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
| Current Assets: | ||
| Cash and cash equivalents | $ 647,531 | $ 685,128 |
| Accounts receivable | 300 | |
| Income tax receivable | 50,624 | 40,501 |
| Prepaid expenses | 9,695 | 4,563 |
| Total current assets | 720,150 | 736,192 |
| Property and equipment, net of accumulated depreciation of $5,488 and $4,687, respectively | 4,117 | 4,918 |
| Investments in nonmarketable securities, at cost | 1,645 | 1,645 |
| Total assets | 725,912 | 742,755 |
| Current Liabilities: | ||
| Accounts payable and accrued liabilities | 66,399 | 40,385 |
| Total current liabilities | 66,399 | 40,385 |
| Total liabilities | 66,399 | 40,385 |
| 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 (deficit) | (277,360) | (234,503) |
| Total shareholders' equity | 659,513 | 702,370 |
| Total liabilities and shareholders' equity | $ 725,912 | $ 742,755 |
| Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
| Assets | ||
| Accumulated depreciation | $ 9,987 | $ 9,987 |
| 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 |
| Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) | 3 Months Ended | |
| Mar. 31, 2017 | Mar. 31, 2016 | |
| Revenue: | ||
| Advisory/consulting fees | $ 2,725 | $ 12,225 |
| Total revenue | 40,725 | 50,225 |
| Operating expenses: | ||
| Selling, general and administrative expenses | 93,705 | 78,679 |
| Total operating expenses | 93,705 | 78,679 |
| Loss from operations | (52,980) | (28,454) |
| Net loss before income taxes | (52,980) | (28,454) |
| Income tax benefit | (10,123) | (4,520) |
| Net loss | (42,857) | (23,934) |
| Other comprehensive (loss) income | ||
| Unrealized loss on investments in marketable equity securities, net of tax | (5,386) | |
| Comprehensive loss | $ (42,857) | $ (29,320) |
| Basic and Diluted net (loss) income per share | $ 0 | $ 0 |
| Basic and Diluted weighted average common shares outstanding | 9,517,402 | 9,517,402 |
| Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
| Mar. 31, 2017 | Mar. 31, 2016 | |
| Cash flows from operating activities: | ||
| Net loss | $ (42,857) | $ (23,934) |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 800 | 514 |
| Deferred income tax (benefit) expense | (4,520) | |
| Changes in operating assets and operating liabilities: | ||
| Prepaid expenses and other current assets | (5,132) | (1,938) |
| Accounts receivable | (300) | (7,715) |
| Accounts receivable, related parties | (6,000) | (32,000) |
| Accounts payable and accrued liabilities | 26,015 | 5,143 |
| Income tax receivable | (10,123) | (6,979) |
| Net cash provided by operating activities | (37,597) | (71,429) |
| Cash flows from investing activities: | ||
| Purchases of investments | (30,000) | |
| Net cash (used in) investing activities | (30,000) | |
| Net change in cash and cash equivalents | (37,597) | (101,429) |
| Cash and cash equivalents, beginning of period | 685,128 | 579,971 |
| Cash and cash equivalents, end of period | 647,531 | 478,542 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for Income tax | ||
| Cash paid during the period for Interest | ||
| Non cash investing and financing activities: | ||
| Unrealized loss on investments in marketable equity securities, net of tax | $ 5,386 | |
| Nature of Organization and Summary of Significant Accounting Policies | 3 Months Ended |
| Mar. 31, 2017 | |
| 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 March 31, 2017 and for the three months ended March 31, 2017 and 2016 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 March 31, 2017 and its operating results for the three months ended March 31, 2017 and 2016, 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, 2016. The results of operations for the three months ended March 31, 2017 is not necessarily an indication of operating results to be expected for the year. 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. Concentrations During the three months ended March 31, 2017, two related party customers, Bohemian Asset Management, Inc. and Nexcore Healthcare Capital Corp. accounted for 93% of total revenue (49% and 44%, respectively). In addition, during the three months ended March 31, 2016, two related party customers, Bohemian Asset Management, Inc., and Nexcore Healthcare Capital Corp. accounted for 76% of total revenue (36% and 40%, respectively). At March 31, 2017 and 2016, one related party customer, Nexcore Healthcare Capital Corp. accounted for 100% of total accounts receivable. Income Tax Receivable As of March 31, 2017, the Company had an income tax receivable of $50,624 that is related to estimated tax payments on deposit with federal and state taxing authorities. Investments in Marketable and Nonmarketable Securities The Company reported its investments in marketable securities on the consolidated balance sheet as available-for-sale. At March 31, 2017 and December 31, 2016, the Company's investments had been impaired to zero. Investments were deemed to be marketable when they were 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 was 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. |
| Investments | 3 Months Ended |
| Mar. 31, 2017 | |
| 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 December 31, 2016 and March 31, 2017 were zero. 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 determined to record a full impairment loss, of $147,102, to the consolidated statement of operations, on all securities at December 31, 2016. Investments in Nonmarketable Securities The Company's investments in nonmarketable securities accounted for under the cost method as of March 31, 2017 and December 31, 2016 are summarized below. March 31, 2017 December 31, 2016 Market/Cost Fair/Cost Company Name Shares Units Value Shares Units Value Nonmarketable Securities: SKRP 16, Inc. 200,000 - $ - 200,000 - $ - 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 - 11 - Totals Shares or Units 280,000 1,645,007 $ 1,645 280,000 1,645,000 $ 1,645 |
| Stockholders Equity | 3 Months Ended |
| Mar. 31, 2017 | |
| Stockholders' Equity Note [Abstract] | |
| Stockholders Equity | (3) Stockholders Equity Common Stock There were 9,517,402 shares of common stock outstanding as of March 31, 2017 and December 31, 2016. No common shares were issued or cancelled during the three months ended March 31, 2017. |
| Nature of Organization and Summary of Significant Accounting Policies (Policy) | 3 Months Ended |
| Mar. 31, 2017 | |
| 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 March 31, 2017 and for the three months ended March 31, 2017 and 2016 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 March 31, 2017 and its operating results for the three months ended March 31, 2017 and 2016, 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, 2016. The results of operations for the three months ended March 31, 2017 is not necessarily an indication of operating results to be expected for the year. |
| 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. |
| Concentrations | Concentrations During the three months ended March 31, 2017, two related party customers, Bohemian Asset Management, Inc. and Nexcore Healthcare Capital Corp. accounted for 93% of total revenue (49% and 44%, respectively). In addition, during the three months ended March 31, 2016, two related party customers, Bohemian Asset Management, Inc., and Nexcore Healthcare Capital Corp. accounted for 76% of total revenue (36% and 40%, respectively). At March 31, 2017 and 2016, one related party customer, Nexcore Healthcare Capital Corp. accounted for 100% of total accounts receivable. |
| Income Tax Receivable | Income Tax Receivable As of March 31, 2017, the Company had an income tax receivable of $50,624 that is related to estimated tax payments on deposit with federal and state taxing authorities. |
| Investments in Marketable and Nonmarketable Securities | Investments in Marketable and Nonmarketable Securities The Company reported its investments in marketable securities on the consolidated balance sheet as available-for-sale. At March 31, 2017 and December 31, 2016, the Company's investments had been impaired to zero. Investments were deemed to be marketable when they were 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 was 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. |
| Nature of Organization and Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
| Mar. 31, 2017 | |
| 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 March 31, 2016 and December 31, 2015, were as follows: Assets and Liabilities Measured at Fair Value on a Recurring Basis as of March 31, 2016 Quoted Prices in Significant Active Markets for Other Significant Identical Assets and Observable Unobservable Balance as of Liabilities Inputs Inputs March 31, Description (Level 1) (Level 2) (Level 3) 2016 Assets: Available-for-sale marketable securities $108,466 $ - $ - $108,466 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) | 3 Months Ended |
| Mar. 31, 2017 | |
| Investments, Debt and Equity Securities [Abstract] | |
| Investments in Nonmarketable Securities | March 31, 2017 December 31, 2016 Market/Cost Fair/Cost Company Name Shares Units Value Shares Units Value Nonmarketable Securities: SKRP 16, Inc. 200,000 - $ - 200,000 - $ - 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 - 11 - Totals Shares or Units 280,000 1,645,007 $ 1,645 280,000 1,645,000 $ 1,645 |
| Nature of Organization and Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) - USD ($) | 3 Months Ended | |||
| Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Mar. 31, 2015 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
| Aggregate fair value of available-for-sale securities | $ 117,022 | $ 108,466 | ||
| Unrealized loss on investments in marketable equity securities, net of tax | $ (5,386) | |||
| Investments (Cost Method Nonmarketable Investments) (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
| Schedule of Available-for-sale Securities [Line Items] | |||
| Shares/Units | 1,925,007 | 1,925,007 | |
| Cost | $ 1,645 | $ 1,645 | |
| SKRP 16 Inc [Member] | |||
| Schedule of Available-for-sale Securities [Line Items] | |||
| Shares/Units | 200,000 | 200,000 | |
| Nexcore Real Estate LLC [Member] | |||
| Schedule of Available-for-sale Securities [Line Items] | |||
| Shares/Units | 1,645,000 | 1,645,000 | |
| Cost | $ 1,645 | $ 1,645 | |
| WestMountain Distressed Debt [Member] | |||
| Schedule of Available-for-sale Securities [Line Items] | |||
| Shares/Units | 80,000 | 80,000 | |
| Cost | |||
| custom:RavenBrick Class C Unots [Member] | |||
| Schedule of Available-for-sale Securities [Line Items] | |||
| Shares/Units | 11 | 11 |
