Related Parties |
3 Months Ended |
|---|---|
Mar. 31, 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 March 31, 2016 and 2015, respectively. As of March 31, 2016 an accrual of $500 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 current quarter. This amount will be received and deposited in the second quarter of 2016. |