(2) Related Parties

Bohemian Companies, LLC and BOCO Investments, LLC are two companies under common control. Mr. Klemsz, our President, has been the Chief Investment Officer of BOCO Investments, LLC since March 2007. Since there is common control between the two companies and a relationship with our Company President, we are considering all transactions with Bohemian Companies, LLC and BOCO Investments, LLC, to be related party transactions.

We received invoices on a monthly basis from Bohemian Companies, LLC. This Service Agreement was originally for the term of one year, ending December 31, 2009 but was extended to December 31, 2014. As of March 31, 2014, the agreement was terminated by agreement of both parties. Total expenses incurred with Bohemian Companies were $-0- and $3,000 for the three months ended June 30, 2014 and 2013, respectively. Total expenses incurred with Bohemian Companies were $-0- and $6,000 for the six months ended June 30, 2014 and 2013, respectively. As of June 30, 2014 the Company had no balance due to Bohemian Companies, LLC.

We earn management fees based on the size of the funds managed, and incentive income based on the performance of the funds. For the three months ended June 30, 2014 and 2013, we recorded $-0- and $19,550, respectively in revenue for management fees charged to EastMountain Alternative Energy, LLC, a related party through its ownership interest in WestMountain Green, LLC. For the six month ended June 30, 2014 and 2013, we recorded $-0- and $38,913 in management fee revenue.

EastMountain Alternative Energy, LLC, a related party, gave the Company notice that, effective December 31, 2013 it will terminate the asset management services contract it has with the Company.  Historically, the Company earned management fees based on the size of the funds managed, and incentive income based on the performance of the funds. With the termination of the asset management services contract between the Company and EastMountain Alternative Energy, LLC, the Company will potentially no longer provide asset management services to any clients and have no current revenue source going forward. While the Company will lose its only current source of revenue, the Company plans to pursue new clients to replace the lost revenue stream and also to explore the possibility of merging with an existing company who has revenues and, potentially, earnings. At this time, the Company has no definitive arrangements for either replacing its lost revenue or identifying a merger candidate.

The Company entered into an agreement with SP Business Solutions (“SP”) to provide accounting and related services for the Company. The owner, Joni Troska, was appointed Secretary of WestMountain Alternative Energy, Inc. on March 19, 2010, and is considered to be a related party. Total expenses incurred with SP were $500 for the quarters ended June 30, 2014 and 2013, respectively.   Total expenses incurred with SP were $1,200 for the six months ended June 30, 2014 and 2013, respectively.   As of June 30, 2014 an accrual of $500 has been recorded for unpaid services. An additional $193 has been recorded for reimbursable expenses related to a shareholder mailing.