Related Parties |
6 Months Ended |
|---|---|
Jun. 30, 2016 | |
| Related Party Transactions [Abstract] | |
| Related Parties |
(2) Related Parties
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 and $500 for the three months ended June 30, 2016 and 2015, respectively. As of June 30, 2016 and 2015 an accrual of $500 and $500, respectively, has been recorded for unpaid services.
An IRS check in the amount of $5,751 has been deposited in a related party checking account. We have recorded this amount as an Accounts receivable, related party in the first quarter. This amount was received and deposited in May 2016. |