SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2013~~2014

[] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Commission File No. 0-53031

WESTMOUNTAIN DISTRESSED DEBT, INC.

(Exact Name of Issuer as specified in its charter)

Colorado	26-1315407
(State or other jurisdiction	(IRS Employer File Number)
of incorporation)

123 North College Avenue, Ste 200
181 W. Boardwalk, Suite 202
Fort Collins, Colorado	~~80524~~80525
(Address of principal executive offices)	(zip code)

(970) ~~212~~223-~~4770~~4499

(Registrant's telephone number, including area code)

Securities to be Registered Pursuant to Section 12(b) of the Act: None

Securities to be Registered Pursuant to Section 12(g) of the Act:

Common Stock $0.001 per share par value

Indicate by check mark if registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No þ.

Indicate by check mark if registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Yes o No þ.

Indicate by check mark whether the registrant (1) has filed all Reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes: þ No: o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months(or such shorter period that the registrant was required to submit and post such files. Yes oþ No þo

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-K is contained in this form and no disclosure will be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K. þo

Indicate by check mark whether the registrant is a large accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “small reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o (Do not check if a smaller reporting company)	Smaller reporting company þ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes o No þ.

As of ~~January~~ 15February 25, ~~2014~~2015, the registrant had outstanding 1,~~808~~983,150 common shares. State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed ~~second~~fourth fiscal quarter: the registrant’s securities did not trade in a public venue as of the last business day of the registrant’s most recently completed ~~second~~fourth fiscal quarter. Based upon the last sales of its common stock in ~~2011~~December 2014, the aggregate market value of the voting and non-voting common equity held by non-affiliates is approximately $48186,~~101~~533.

FORM 10-K

WestMountain Distressed Debt, Inc.

INDEX


PART I

Item 1. Business	3

Item 1A. Risk Factors	7

Item 2. Property	13

Item 3. Legal Proceedings	13

Item 4. Submission of Matters to a Vote of Security Holders	13

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	13

Item 6. Selected Financial Data	14

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations	15

Item 7A. Quantitative and Qualitative Disclosures About Market Risk	17

Item 8. Financial Statements and Supplementary Data	18

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures	30

Item 9A(T). Controls and Procedures	30

Item 9B. Other Information	31

PART III

Item 10. Directors, Executive Officers and Corporate Governance	31

Item 11. Executive Compensation	32

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	33

Item 13. Certain Relationships and Related Transactions, and Director Independence	33

Item 14. Principal Accountant Fees and Services	34

Item 15. Exhibits Financial Statement Schedules	34

Financial Statements pages	18 - 29

Signatures	35

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For purposes of this report, unless otherwise indicated or the context otherwise requires, all references herein to “WestMountain Distressed Debt,” “we,” “us,” and “our,” refer to WestMountain Distressed Debt, Inc., a Colorado corporation.

Forward-Looking Statements

The following discussion contains forward-looking statements regarding us, our business, prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause our actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. Factors that may affect such forward-looking statements include, without limitation: our ability to successfully develop new products and services for new markets; the impact of competition on future revenues, changes in law or regulatory requirements that adversely affect or preclude clients from using us for certain applications; delays our introduction of new products or services; and our failure to keep pace with our competitors.

When used in this discussion, words such as "believes", "anticipates", "expects", "intends" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. We undertake no obligation to revise any forward-looking statements in order to reflect events or circumstances that may subsequently arise. Readers are urged to carefully review and consider the various disclosures made by us in this report and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect our business.

PART I

Item 1. DESCRIPTION OF BUSINESS.

Narrative Description of the Business

Our plan is to earn income by holding all forms of distressed debt, including real estate mortgages, securities such as promissory notes, and assets acquired through bankruptcy. We will screen investments with emphasis towards finding opportunities with long term potential.

We also continue to develop a proprietary investment screening process to make our investments. This screening process will be refined as a result of the expanded nature of our business plan. This process will be based upon the experience of our management team and outside consultants. This process has not been fully developed at this time.

We plan to act as a holder of all forms of distressed debt by raising, investing and managing private equity and direct investment funds for third parties including high net worth individuals and institutions. As is the industry practice, we plan to earn management fees based on the size of the funds that we manage and incentive income based on the performance of these funds. We do not plan to focus on any particular industry but will look at any and all opportunities.

We are presently planning to develop and implement a web site based operation to gather additional potential investment opportunities beyond what we can generate through our network of contacts. We also plan to utilize the most current technology to analyze investments. We believe the technology will assist in the analysis of each opportunity.

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WeReturn operate out of one office in Colorado at 123 North College Avenue, Suite 200, Fort Collins, Colorado 80524. We have no specific plans at this point for additional offices. However, in the future, we plan to occupy separate office facilities and obtain office furniture and equipment, depending upon the development of our business plan. If we are not successful in our operations we will be faced with several options: Index

We operate out of one office in Colorado at 181 W. Boardwalk, Suite 202, Fort Collins, Colorado 80525. We have no specific plans at this point for additional offices. However, in the future, we plan to occupy separate office facilities and obtain office furniture and equipment, depending upon the development of our business plan. If we are not successful in our operations we will be faced with several options:

1.	Cease operations and go out of business;
2.	Continue to seek alternative and acceptable sources of capital;
3.	Bring in additional capital that may result in a change of control; or
4.	Identify a candidate for acquisition that seeks access to the public marketplace and its financing sources

Effective November 22, 2010, we amended our Articles of Incorporation to increase the number of authorized common shares to Two Hundred Million (200,000,000) shares from Fifty Million (50,000,000) shares. The par value of the common shares remains at $0.001 per share.

Effective with the commencement of trading on November 22, 2010, we reverse split our Common Shares. New Common Shares were issued to shareholders in exchange for their Old Common Shares in the ratio of one New Common Share for each five Old Common Shares held, thus effecting a one-for-five reverse stock split. Fractional shares, if any, were rounded up to the next whole number. There was no change in the par value of the Common Shares.

Currently, we believe that we have or can obtain sufficient capital to implement our proposed business operations or to sustain them through December 31, ~~2014~~2015. If we can become profitable, we could operate at our present level indefinitely. To date, we have ~~never~~no ~~had~~definitive ~~any~~agreements ~~discussions~~ with possible acquisition candidates.

Operations

At the present time, we operate from one location in Fort Collins, Colorado. Our plan is to make our operation profitable but for the year ended December 31, 2014 we have ~~expect~~incurred ~~to incur~~ a loss. We estimate that we must generate approximately $60,000 in revenues per year to be profitable. At the present time, we are not generating revenues but continue to develop our business plan. The key for us will be the development of revenues. We believe that we can be profitable or at break even by the end of our next fiscal year, assuming sufficient revenues.

Based upon our current plans, we have adjusted our operating expenses so that cash generated from operations and from committed working capital financing is expected to be sufficient for the foreseeable future to fund our operations at our currently forecasted levels. However, if our forecasts are inaccurate, we may need to raise additional funds. Our resources consist of our available cash. At some point we may choose to scale back our operations to operate at break-even with a smaller level of business activity, while adjusting our overhead to meet the revenue from current operations. In addition, we expect that we will need to raise additional funds if we decide to pursue more rapid expansion, the development of new or enhanced services and products, appropriate responses to competitive pressures, or the acquisition of complementary businesses or technologies, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.

We expect to incur operating losses in future periods because we will be incurring expenses and not generating sufficient revenues. We expect approximately $60,000 in operating costs over the next twelve months. We cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover these operating costs. Failure to generate sufficient revenues or additional financing when needed could cause us to go out of business.

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In the next 12 months, we do not intend to spend any material funds on research and development and do not intend to purchase any large equipment.

Markets

We believe that the primary reason that clients would buy from us rather than competitors would be the existing relationships that we can develop. We believe that client loyalty and satisfaction can be the basis for success in this business. Therefore, we plan to develop and expand on already existing relationships to develop a competitive edge. We plan to utilize the expertise of our principal officer to develop our business.

Raw Materials

The use of raw materials is not a material factor in our operations at the present time. The use of raw materials may become a material factor in the future as we develop operations.

Customers and Competition

Our business plan involves acting as a holder of all forms of distressed debt. This business is highly competitive. There are numerous similar companies providing such services in the United States of America. Our competitors will have greater financial resources and more expertise in this business. Our ability to develop our business will depend on our ability to successfully identify investments as well as raise capital through partnership structures in this highly competitive environment. We cannot guarantee that we will be able to do so successfully.

Over the past several years, the size and number of companies such as ours has continued to increase. If this trend continues, it is possible that it will become increasingly difficult for us to raise funds to manage. More significantly, the allocation of increasing amounts of capital to alternative investment strategies by institutional and individual investors may lead to a reduction in profitable investment opportunities, including by driving prices for investments higher and increasing the difficulty of achieving targeted returns. In addition, if interest rates were to rise or there were to be a prolonged bull market in equities, the attractiveness of our funds relative to investments in other investment products could decrease. Competition is based on a variety of factors, including:

● investment performance;

● investor perception of investment managers’ drive, focus and alignment of interest;

● quality of service provided to and duration of relationship with investors;

● business reputation; and

● level of fees and expenses charged for services.

We compete in all aspects of our business with a large number of investment management firms, private equity fund sponsors, hedge fund sponsors and other financial institutions. A number of factors serve to increase our competitive risks:

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●

investors may develop concerns that we will allow a business to grow to the detriment of its performance;

●

some of our competitors have greater capital, lower targeted returns or greater sector or investment strategy specific expertise than we do, which creates competitive disadvantages with respect to investment opportunities; some of our competitors may perceive risk differently than we do which could allow them either to outbid us for investments in particular sectors or, generally, to consider a wider variety of investments;

●

there are relatively few barriers to entry impeding new private equity and hedge fund management firms, and the successful efforts of new entrants into our various lines of business, including former ‘‘star’’ portfolio managers at large diversified financial institutions as well as such institutions themselves, will continue to result in increased competition; and

●

other industry participants continuously seek to recruit our best and brightest investment professionals away from us.

These and other factors could reduce our future revenues and earnings and adversely affect our business in a material manner.

Employees

We have one full-time employee: Mr. Brian Klemsz, our President. Mr. Klemsz does not draw a salary or receive any other kind of compensation. However, we reimburse our employee for all necessary and customary business related expenses. We have no plans or agreements which provide health care, insurance or compensation on the event of termination of employment or change in our control. We do not pay our Directors separately for any Board meeting they attend.

Proprietary Information

We own no proprietary information.

Government Regulation

At some point, we may be required to file to become a registered investment advisor, but we currently do not expect government regulations or environmental laws to have any material impact on us.

Research and Development

We have never spent any amount in research and development activities.

Environmental Compliance

We believe that we are not subject to any material costs for compliance with any environmental laws.

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How to Obtain our SEC Filings

We file annual, quarterly, and special reports, proxy statements, and other information with the Securities Exchange Commission (SEC). Reports, proxy statements and other information filed with the SEC can be inspected and copied at the public reference facilities of the SEC at 100 F Street N.E., Washington, DC 20549. Such material may also be accessed electronically by means of the SEC's website at www.sec.gov.

Our investor relations department can be contacted at our principal executive office located at our principal office, ~~123~~181 ~~North~~W. ~~College Avenue~~Boardwalk, ~~Ste~~Suite ~~200~~202, Fort Collins, Colorado ~~80524~~80525. Our telephone number is (970) ~~212~~223-~~4770~~4499. We currently have no website.

Item 1A. RISK FACTORS

You should carefully consider the risks and uncertainties described below and the other information in this document before deciding to invest in shares of our common stock.

The occurrence of any of the following risks could materially and adversely affect our business, financial condition and operating result. In this case the trading price of our common stock could decline and you might lose all or part of your investment.

Risks Related to Our Business and Industry

We have a limited operating history, and have never been profitable. As a result, we may never become profitable, and, as a result, we could go out of business.

We were formed as a Colorado business entity in October, 2007. At the present time, we have never been profitable. There can be no guarantee that we will ever be profitable, and, as a result, we could go out of business.

Our accountants have expressed doubts about our ability to continue as a going concern.

For our audit dated December 31, ~~2013~~2014, our accountants have expressed doubt about our ability to continue as a going concern as a result of lack of history of operations, limited assets, and operating losses since inception. Our ability to achieve and maintain profitability and positive cash flow is dependent upon:

♦

our ability to find suitable investments; and

♦

our ability to generate revenues.

Based upon current plans, we expect to incur operating losses in future periods because we will be incurring expenses and not generating sufficient revenues. We expect our operating costs to range between $6050,000 and $~~100~~70,000 for the fiscal year ending December 31, ~~2014~~2015. We cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover these operating costs. Failure to generate sufficient revenues or to secure additional working capital will cause us to go out of business.

Our lack of operating history makes it difficult for us to evaluate our future business prospects and make decisions based on those estimates of our future performance. An investor could lose his entire investment.

We have a limited history of operations. An investor has no frame of reference to evaluate our future business prospects. This makes it difficult, if not impossible, to evaluate us as an investment. An investor could lose his entire investment if our future business prospects do not result in our ever becoming profitable.

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If we do not generate adequate revenues to finance our operations, raise additional funds, or a combination of both, our business may fail.

We have not generated revenues since our inception. As of December 31, ~~2013~~2014, we had a cash position of $338,~~659~~071. We anticipate that operating costs will range between $50,000 and $70,000, for the fiscal year ending December 31, ~~2014~~2015. These operating costs include insurance, taxes, office lease, maintenance, contract services and all other costs of operations.

We will use contract employees who will be paid on an hourly basis as each investment transaction is evaluated. However, the operating costs and expected revenue generation are difficult to predict. We expect to generate revenues in the next twelve months from making investments and receiving fees for the placement of capital. Since there can be no assurances that revenues will develop or be sufficient to cover operating costs for the foreseeable future, it will be necessary to raise additional funds. If we do not generate adequate revenues to finance our operations, raise additional funds, or a combination of both, our business may fail. In the event that we need additional capital, WestMountain Red, LLC, our majority shareholder, has orally agreed to loan such funds as may be necessary through December 31, ~~2014~~2015 for working capital purposes, but is under no binding obligation to do so.

Competition in the investment industry is intense.

Our business plan involves acting as an acquirer of all forms of distressed debt assets that are being sold at a discount to the original purchase price. This business is highly competitive. There are numerous similar companies providing such services in the United States of America. Our competitors will have greater financial resources and more expertise in this business. Our ability to develop our business will depend on our ability to successfully market our services in this highly competitive environment. We cannot guarantee that we will be able to do so successfully.

The share control position of WestMountain Red, LLC will limit the ability of other shareholders to influence corporate actions.

Our largest shareholder, WestMountain Red, LLC, of which Mr. Klemsz is a 16.8% member, owns 1,610,000 shares and thereby controls approximately 8981% of our outstanding shares. Because WestMountain Red, LLC individually beneficially controls more than a majority of the outstanding shares, other shareholders, individually or as a group, will be limited in their ability to effectively influence the election or removal of our directors, the supervision and management of our business or a change in control of or sale of our company, even if they believed such changes were in the best interest of our shareholders generally.

Our future success depends, in large part, on the continued service of our President and Treasurer and the continued financing of WestMountain Red, LLC.

We depend almost entirely on the efforts and continued employment of Mr. Klemsz, our President and Treasurer. Mr. Klemsz is our primary executive officer, and we will depend on him for nearly all aspects of our operations. In addition, WestMountain Red, LLC, is our only source of financing. At the present time, there is no agreement between WestMountain Red, LLC and the Company for WestMountain Red, LLC to provide any additional funding to the Company. We have no indication that WestMountain Red, LLC would refuse to lend us funds if we should ask. It would be very difficult to find a financing source to replace WestMountain Red, LLC. The loss of any potential funding from WestMountain Red, LLC could have a material adverse effect on our business. At the present time, we have no definitive plans for financing in place, other than the funds which we have already obtained. We do not have an employment contract with Mr. Klemsz, and we do not carry key person insurance on his life. The loss of the services of Mr. Klemsz through ~~incapaxcity~~incapacity or otherwise, would have a material adverse effect on our business. It would be very difficult to find and retain qualified personnel such as Mr. Klemsz and a financing source to replace WestMountain Red, LLC.

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Our revenue and profitability fluctuate, particularly inasmuch as we cannot predict the timing of realization events in our business, which may make it difficult for us to achieve steady earnings growth on a quarterly basis and may cause volatility in the price of our shares.

We may experience significant variations in revenues and profitability during the year and among years if we are paid incentive income from certain funds only when investments are realized, rather than periodically on the basis of increases in the funds’ net asset values. The timing and receipt of incentive income generated by our funds is event driven and thus highly variable, which contributes to the volatility of our revenue, and our ability to realize incentive income from our funds, may be limited. We cannot predict when, or if, any realization of investments will occur. If we were to have a realization event in a particular quarter, it may have a significant impact on our revenues and profits for that particular quarter which may not be replicated in subsequent quarters. In addition, our investments would be adjusted for accounting purposes to fair value at the end of each quarter, resulting in revenue attributable to our principal investments, even though we receive no cash distributions from our funds, which could increase the volatility of our quarterly earnings.

Difficult market conditions could adversely affect our funds in many ways, including by reducing the value or performance of the investments made by our funds and reducing the ability of our funds to raise or deploy capital, which could materially reduce our revenue and results of operations.

If economic conditions are unfavorable our funds may not perform well and we may not be able to raise money in existing or new funds. Our funds are materially affected by conditions in the global financial markets and economic conditions throughout the world. The global market and economic climate may deteriorate because of many factors beyond our control, including rising interest rates or inflation, terrorism or political uncertainty. In the event of a market downturn, our businesses could be affected in different ways. Our funds may face reduced opportunities to sell and realize value from their existing investments, and a lack of suitable investments for the funds to make. In addition, adverse market or economic conditions as well as a slowdown of activities in a particular sector in which portfolio companies of these funds operate could have an adverse effect on the earnings of those portfolio companies, and therefore, our earnings.

A general market downturn, or a specific market dislocation, may cause our revenue and results of operations to decline by causing:

●

The value of our investments to decrease;

●

lower investment returns, reducing incentive income; and

●

material reductions in the value of our ownership in investments.

Furthermore, while difficult market conditions may increase opportunities to make certain distressed asset investments, such conditions also increase the risk of default with respect to investments held by our funds with debt investments.

The success of our business depends, in large part, upon the proper selection of investments, which may be difficult to find, acquire and develop.

We believe that the identification, acquisition and development of appropriate investments are key drivers of our business. Our success depends, in part, on our ability to obtain these investments under favorable terms and conditions and have them increase in value. We cannot assure you that we will be successful in our attempts to find, acquire, and/or develop appropriate investments will not be challenged by competitors, which may put us at a disadvantage. Further, we cannot assure you that others will not independently develop similar or superior programs or investments, which may imperil our profitability.

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Risks Related to an Investment in Our Common Stock

The lack of a broker or dealer to create or maintain a market in our stock could adversely impact the price and liquidity of our securities.

We have no agreement with any broker or dealer to act as a market maker for our securities and there is no assurance that we will be successful in obtaining any market makers. Thus, no broker or dealer will have an incentive to make a market for our stock. The lack of a market maker for our securities could adversely influence the market for and price of our securities, as well as your ability to dispose of, or to obtain accurate information about, and/or quotations as to the price of, our securities.

We have limited experience as a public company.

We have only operated as a public company since December, 2009. We have been listed to trade on the OTC Bulletin Board under the trading symbol WMDS since January, 2010. Thus, we have limited experience in complying with the various rules and regulations which are required of a public company. As a result, we may not be able to operate successfully as a public company, even if our operations are successful. We plan to comply with all of the various rules and regulations which are required of a public company. However, if we cannot operate successfully as a public company, your investment may be materially adversely affected. Our inability to operate as a public company could be the basis of your losing your entire investment in us.

We may be required to register under the Investment Company Act of 1940, or the Investment Advisors Act, which could increase the regulatory burden on us and could negatively affect the price and trading of our securities.

Because our proposed business involves the acquisition of distressed debt assets that are being sold at a discount to the original purchase price, we may be required to register as an investment company under the Investment Company Act of 1940 or the Investment Advisors Act and analogous state law. While we believe that we are currently either not an investment company or an investment advisor or are exempt from registration as an investment company under the Investment Company Act of 1940 or the Investment Advisors Act and analogous state law, either the SEC or state regulators, or both, may disagree and could require registration either immediately or at some point in the future. As a result, there could be an increased regulatory burden on us which could negatively affect the price and trading of our securities.

We may be impacted by new regulatory requirements as a result of the passage of the Dodd-Frank Act.

In July, 2010, Congress enacted the Dodd-Frank Act, which instituted major changes in the regulatory regime for public companies, particularly those in the financial sector. At the present time, we do not believe that we will be impacted in a material way by this legislation. However, the implementation of the provisions of the Dodd-Frank Act are subject to regulations which have not yet been written and its statutory provisions have not been the subject of extensive judicial review, so we cannot guarantee that we may not come under its purview at some point in the future and be affected negatively by it.

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Our stock has a limited public trading market and there is no guarantee a trading market will ever develop for our securities.

There has been, and continues to be, a limited public market for our common stock. An active trading market for our shares has not, and may never develop or be sustained. If you purchase shares of common stock, you may not be able to resell those shares at or above the initial price you paid. The market price of our common stock may fluctuate significantly in response to numerous factors, some of which are beyond our control, including the following:

● actual or anticipated fluctuations in our operating results;

● changes in financial estimates by securities analysts or our failure to perform in line with such estimates;

● changes in market valuations of other companies, particularly those that market services such as ours;

● announcements by us or our competitors of significant innovations, acquisitions, strategic partnerships, joint ventures or capital commitments;

● introduction of product enhancements that reduce the need for the products our projects may develop;

● departures of key personnel.

Of our total outstanding shares as of December 31, ~~2013~~2014, a total of 1,~~655~~840,000, or approximately 92.78%, will be restricted from immediate resale but may be sold into the market in the near future. This could cause the market price of our common stock to drop significantly, even if our business is doing well.

As restrictions on resale end, the market price of our stock could drop significantly if the holders of restricted shares sell them or are perceived by the market as intending to sell them.

Applicable SEC rules governing the trading of “Penny Stocks” limit the liquidity of our common stock, which may affect the trading price of our common stock.

Our common stock is currently ~~not~~trades ~~quoted~~from intime ~~any~~to ~~market.~~time Ifand ~~our~~always ~~common stock becomes quoted, we anticipate that it will trade well~~ below $5.00 per share. As a result, our common stock is considered a “"penny stock”" and is subject to SEC rules and regulations that impose limitations upon the manner in which our shares can be publicly traded. These regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock and the associated risks. Under these regulations, certain brokers who recommend such securities to persons other than established customers or certain accredited investors must make a special written suitability determination for the purchaser and receive the written purchaser’'s agreement to a transaction prior to purchase. These regulations have the effect of limiting the trading activity of our common stock and reducing the liquidity of an investment in our common stock.

The over-the-counter market for stock such as ours is subject to extreme price and volume fluctuations.

The securities of companies such as ours have historically experienced extreme price and volume fluctuations during certain periods. These broad market fluctuations and other factors, such as new product developments and trends in the our industry and in the investment markets generally, as well as economic conditions and quarterly variations in our operational results, may have a negative effect on the market price of our common stock.

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Buying low-priced penny stocks is very risky and speculative.

~~The~~Our common shares ~~being offered~~ are defined as a penny stock under the Securities and Exchange Act of 1934, and rules of the Commission. The Exchange Act and such penny stock rules generally impose additional sales practice and disclosure requirements on broker-dealers who sell our securities to persons other than certain accredited investors who are, generally, institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000, exclusive of the value of principal residence, or annual income exceeding $200,000, or $300,000 jointly with spouse, or in transactions not recommended by the broker-dealer. For transactions covered by the penny stock rules, a broker-dealer must make a suitability determination for each purchaser and receive the purchaser's written agreement prior to the sale. In addition, the broker-dealer must make certain mandated disclosures in penny stock transactions, including the actual sale or purchase price and actual bid and offer quotations, the compensation to be received by the broker-dealer and certain associated persons, and deliver certain disclosures required by the Commission. Consequently, the penny stock rules may affect the ability of broker-dealers to make a market in or trade our common stock and may also affect your ability to resell any shares you may purchase in the public markets.

Issuances of our stock could dilute current shareholders and adversely affect the market price of our common stock, if a public trading market develops.

We have the authority to issue up to 200,000,000 shares of common stock, 1,000,000 shares of preferred stock, and to issue options and warrants to purchase shares of our common stock without stockholder approval. Although no financing is planned currently, we may need to raise additional capital to fund operating losses. If we raise funds by issuing equity securities, our existing stockholders may experience substantial dilution. In addition, we could issue large blocks of our common stock to fend off unwanted tender offers or hostile takeovers without further stockholder approval.

The issuance of preferred stock by our board of directors could adversely affect the rights of the holders of our common stock. An issuance of preferred stock could result in a class of outstanding securities that would have preferences with respect to voting rights and dividends and in liquidation over the common stock and could, upon conversion or otherwise, have all of the rights of our common stock. Our board of directors' authority to issue preferred stock could discourage potential takeover attempts or could delay or prevent a change in control through merger, tender offer, proxy contest or otherwise by making these attempts more difficult or costly to achieve.

Colorado law and our Articles of Incorporation protect our directors from certain types of lawsuits, which could make it difficult for us to recover damages from them in the event of a lawsuit.

Colorado law provides that our directors will not be liable to our company or to our stockholders for monetary damages for all but certain types of conduct as directors. Our Articles of Incorporation require us to indemnify our directors and officers against all damages incurred in connection with our business to the fullest extent provided or allowed by law. The exculpation provisions may have the effect of preventing stockholders from recovering damages against our directors caused by their negligence, poor judgment or other circumstances. The indemnification provisions may require our company to use our assets to defend our directors and officers against claims, including claims arising out of their negligence, poor judgment, or other circumstances.

We do not expect to pay dividends on common stock.

We have not paid any cash dividends with respect to our common stock, and it is unlikely that we will pay any dividends on our common stock in the foreseeable future. Earnings, if any, that we may realize will be retained in the business for further development and expansion.

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ITEM 2. DESCRIPTION OF PROPERTY.

Our principal executive offices are located at ~~123~~181 ~~North~~W. ~~College Avenue~~Boardwalk, ~~Ste~~Suite ~~200~~202, Fort Collins, Colorado ~~80524~~80525, and our telephone number is (970) ~~212~~223-~~4770~~4499. ~~Our~~Effective ~~office~~April is1, ~~leased~~2014, ~~from~~we anrelocated ~~unaffiliated~~our ~~third~~principal ~~party~~executive ~~under~~office to this location. We signed a two year lease for a total of 565 square feet of office space at a price of $~~323~~188 per month plus costs associated with yearly common area fees. For the current year, the additional cost will be $61. We own no real estate nor have plans to acquire any real estate.

ITEM 3. LEGAL PROCEEDINGS.

We are not a party to any material legal proceedings, nor is our property the subject of any material legal proceeding.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

We held no shareholders meeting in the fourth quarter of our fiscal year.

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Holders

As of December 31, ~~2013~~2014, there were sixty-~~four~~six record holders of our common stock and there were 1,~~808~~983,150 shares of our common stock outstanding.

Principal Market or Markets

Our common stock has been listed for trading on the NASD Over-the-Counter Bulletin Board since January, 2010. Currently, our common stock is under the symbol WMDS. We have had no active trading market for the common stock to date.

The Securities Enforcement and Penny Stock Reform Act of 1990

The Securities and Exchange Commission has also adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the Nasdaq system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).

A purchaser is purchasing penny stock which limits the ability to sell the stock. The shares offered by this prospectus constitute penny stock under the Securities and Exchange Act. The shares will remain penny stocks for the foreseeable future. The classification of penny stock makes it more difficult for a broker-dealer to sell the stock into a secondary market, which makes it more difficult for a purchaser to liquidate his/her investment. Any broker-dealer engaged by the purchaser for the purpose of selling his or her shares in us will be subject to Rules 15g-1 through 15g-10 of the Securities and Exchange Act. Rather than creating a need to comply with those rules, some broker-dealers will refuse to attempt to sell penny stock.

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The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document prepared by the Commission, which:

·	contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;

·	contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of the Securities Act of 1934, as amended;

·	contains a brief, clear, narrative description of a dealer market, including "bid" and "ask" prices for penny stocks and the significance of the spread between the bid and ask price;

·	contains such other information and is in such form (including language, type, size and format) as the Securities and Exchange Commission shall require by rule or regulation;

The broker-dealer also must provide, prior to effecting any transaction in a penny stock, to the customer:

·	the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and

·	monthly account statements showing the market value of each penny stock held in the customer's account.

In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitability statement. These disclosure requirements will have the effect of reducing the trading activity in the secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders may have difficulty selling their securities.

Equity Compensation Plan Information

We have no outstanding stock options or other equity compensation plans.

Stock Transfer Agent

The stock transfer agent for our securities is Corporate Stock Transfer of Denver, Colorado. Their address is 3200 Cherry Creek Drive South, Suite 430, Denver, Colorado 80209. Their phone number is (303)282-4800.

Dividend Policy

We have not previously declared or paid any dividends on our common stock and do not anticipate declaring any dividends in the foreseeable future. The payment of dividends on our common stock is within the discretion of our board of directors. We intend to retain any earnings for use in our operations and the expansion of our business. Payment of dividends in the future will depend on our future earnings, future capital needs and our operating and financial condition, among other factors that our board of directors may deem relevant. We are not under any contractual restriction as to our present or future ability to pay dividends.

ITEM 6. SELECTED FINANCIAL DATA

A smaller reporting company is not required to provide the information in this Item.

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Management’s Discussion and Analysis or Plan of Operation contains forward-looking statements that involve future events, our future performance and our expected future operations and actions. In some cases, you can identify forward-looking statements by the use of words such as “may”, “will”, “should”, “anticipate”, “believe”, “expect”, “plan”, “future”, “intend”, “could”, “estimate”, “predict”, “hope”, “potential”, “continue”, or the negative of these terms or other similar expressions. These forward-looking statements are only our predictions and involve numerous assumptions, risks and uncertainties. Our actual results or actions may differ materially from these forward-looking statements for many reasons, including, but not limited to, the matters discussed in this report under the caption “Risk Factors”. We urge you not to place undue reliance on these forward-looking statements, which speak only as of the date of this prospectus. We undertake no obligation to publicly update any forward looking-statements, whether as a result of new information, future events or otherwise.

The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included in this report.

Results of Operations

~~From our inception on October 18, 2007 through December 31, 2013, we generated no revenue and have accumulated losses of $353,113.~~ For the year ended December 31, ~~2013~~2014 we recorded a net loss of $5642,~~239~~458. For the year ended December 31, ~~2012~~2013, we recorded a net loss of $5356,~~908~~239.

Our independent auditors have expressed doubt about our ability to continue as a going concern as a result of our history of net losses. Our ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to successfully develop distressed debt investments that will generate revenues.

Operating expenses, which consisted solely of general and administrative expenses for the ~~period~~year ~~from~~ended ~~our inception on October 18, 2007 through~~ December 31, ~~2013~~2014, was $~~366~~41,~~563~~522. We recorded $56,239 in general and administrative expenses for the year ended December 31, 2013. ~~We recorded $53,909 in general and administrative expenses for the year ended December 31, 2012.~~ The major components of general and administrative expenses are professional fees, which include legal and accounting costs.

We currently have no revenue but continue to develop our plan.

Because we do not pay salaries, and our major professional fees are negotiated in advance, operating expenses are expected to remain fairly constant.

To try to operate at a break-even level based upon our current level of business activity, we believe that we must generate approximately $60,000 in revenue per year. However, if our forecasts are inaccurate, we will need to raise additional funds. In the event that we need additional capital, WestMountain Red, LLC has orally agreed to loan such funds as may be necessary through December 31, ~~2014~~2015 for working capital purposes, but is under no binding obligation to do so.

On the other hand, we may choose to scale back our operations to operate at break-even with a smaller level of business activity, while adjusting our overhead to meet the revenue from current operations. In addition, we expect that we will need to raise additional funds if we decide to pursue more rapid expansion, the development of new or enhanced services or products, appropriate responses to competitive pressures, or the acquisition of complementary businesses or technologies, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.

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Liquidity and Capital Resources

As of December 31, ~~2013~~2014, we had cash of $338,~~659~~071.

Net cash used in operating activities was $5350,~~613~~588 for the fiscal year ended December 31, ~~2013~~2014 compared to net cash used in operating activities of $4853,~~128~~613 for the fiscal year ended December 31, ~~2012. Net cash used in operating activities was $326,082 from our inception on October 18, 2007 through December 31,~~ 2013.

Cash flows provided by investing activities were $-0- for the fiscal years ended December 31, ~~2013~~2014 and ~~2012~~2013. Cash flows ~~used~~provided ~~in investing~~by financing activities ~~were~~for ~~$9,474~~the ~~from~~fiscal ~~our~~year ~~inception~~ended ~~on October 18, 2007 through~~ December 31, ~~2013.~~2014 ~~The main investing activity~~ was ~~money~~$25,000 ~~received~~and ~~from~~$ ~~monetizing~~-0- ~~our note receivable~~ for ~~gross proceeds of $145,000~~2013.

There were no cash flows used or provided by financing activities for the fiscal year ended December 31, 2013 or 2012. Cash flows provided by financing activities were $369,215 from our inception on October 18, 2007 through December 31, 2013. These cash flows were all related to sales of stock.

Over the next twelve months we do not expect to incur material capital costs to develop operations

We expect to generate revenues in the next twelve months from making investments and receiving fees for the placement of capital. Since there can be no assurances that revenues will develop or be sufficient to cover operating costs for the foreseeable future, it will be necessary to raise additional funds. If we do not generate adequate revenues to finance our operations, raise additional funds, or a combination of both, our business may fail. In the event that we need additional capital, WestMountain Red, LLC, our majority shareholder, has orally agreed to loan such funds as may be necessary through December 31, ~~2014~~2015 for working capital purposes, but is under no binding obligation to do so.

Our principal source of liquidity will be our current working capital. Our ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to successfully develop distressed debt investments that will generate revenues.

In any case, we try to operate with minimal overhead. Our primary activity will be to seek to act as an asset manager by raising, investing and managing private equity and direct investment funds. If we succeed in generating sufficient revenues, we will become profitable. We cannot guarantee that this will ever occur. Our plan is to build our company in any manner which will be successful.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements with any party.

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Critical Accounting Policies

Our discussion and analysis of results of operations and financial condition are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We evaluate our estimates on an ongoing basis, including those related to the realization of our deferred tax assets and contingencies and litigation. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

The accounting policies that we follow are set forth in Note 1 to our financial statements as included in this prospectus. These accounting policies conform to accounting principles generally accepted in the United States, and have been consistently applied in the preparation of the financial statements.

Recently Issued Accounting Pronouncements

There are no recent accounting pronouncements that require disclosure at this time.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

A smaller reporting company is not required to provide the information in this Item.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

WestMountain Distressed Debt, Inc.

(A Development Stage Company)

FINANCIAL STATEMENTS

with

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

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TABLE OF CONTENTS

	Page
Report of Independent Registered Public Accounting Firm	20
Report of Independent Registered Public Accounting Firrm		18
Balance Sheets at December 31, 2013 and 2012	21
Balance Sheets at December 31, 2014 and 2013		19
Statements of Operations for the years ended December 31, 2013 and December 31, 2012, and for the period from October 18, 2007 (inception) through December 31, 2013	22
Statements of Operations for the years ended December 31, 2014 and December 31, 2013		20
Statement of Changes in Shareholders’ Equity for the period from October 18, 2007 (inception) through December 31, 2013	23
Statement of Changes in Shareholders’ (Deficit) Equity for the period from December 31, 2012 through December 31, 2014		21
Statements of Cash Flows for the years ended December 31, 2013 and December 31, 2012, and for the period from October 18, 2007 (inception) through December 31, 2013	24
Statements of Cash Flows for the years ended December 31, 2014 and December 31, 2013		22
Notes to Financial Statements	25	23

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Stockholders and Board of Directors

WestMountain Distressed Debt, Inc.

Fort Collins, Colorado

We have audited the accompanying balance sheets of WestMountain Distressed Debt, Inc. (the “"Company”") as of December 31, ~~2013~~2014 and ~~2012~~2013, and the related statements of operations, shareholders’' (deficit) equity, and cash flows for each of the years then ended~~, and the period from October 18, 2007 (inception) through December 31, 2013~~. The Company’'s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’'s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, ~~2013~~2014 and ~~2012~~2013, and the results of its operations and its cash flows for each of the years then ended, ~~and the period from October 18, 2007 (inception) through December 31, 2013,~~ in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has experienced circumstances that raise substantial doubt about its ability to continue as a going concern. Management's plans regarding those matters also are described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

EKS&H LLLP

~~March~~/s/ 5,EKS&H ~~2014~~LLLP

February 25, 2015

Fort Collins, Colorado

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~~WestMountain~~Return ~~Distressed~~to ~~Debt, Inc.~~Index

(A Development Stage Company)

WestMountain Distressed Debt, Inc.
Balance Sheets

	December 31,			December 31,
	2014			2013

Assets
Cash	$	8,071		$	33,659
Prepaid expenses		9,227			510
Total assets	$	17,298		$	34,169

Liabilities and Shareholders' Equity
Liabilities:
Accrued liabilities, related parties	$	1,737		$	700
Notes payable, related parties		25,000			-
Accounts payable and accrued liabilities		15,167			17,367
Total liabilities		41,904			18,067

Commitments and contingencies

Shareholders' (deficit) equity:
Preferred stock, $.10 par value; 1,000,000 shares authorized,		-			-
-0- shares issued and outstanding December 31, 2014 and 2013
Common stock, $.001 par value; 200,000,000 shares authorized,		1,983			1,808
1,983,150 shares issued and outstanding December 31, 2014
1,808,150 shares issued and outstanding December 31, 2013
Additional paid-in-capital		368,982			367,407
Accumulated (deficit)		(395,571	)		(353,113	)
Total shareholders' (deficit) equity	$	(24,606	)		16,102
Total liabilities and shareholders' (deficit) equity	$	17,298		$	34,169

Balance Sheets

	December 31,			December 31,
	2013			2012
Assets
Cash	$	33,659		$	87,272
Prepaid expenses		510			86
Total assets	$	34,169		$	87,358
Liabilities and Shareholders' Equity
Liabilities:
Accrued liabilities, related parties	$	700		$	800
Accrued liabilities		17,367			14,217
Total liabilities		18,067			15,017
Commitments and contingencies
Shareholders' equity:
Preferred stock, $.10 par value; 1,000,000 shares authorized,		-			-
-0- shares issued and outstanding 2013 and 2012
Common stock, $.001 par value; 200,000,000 shares authorized,		1,808			1,808
1,808,150 shares issued and outstanding 2013 and 2012
Additional paid-in-capital		367,407			367,407
Deficit accumulated during development stage		(353,113	)		(296,874	)
Total shareholders' equity		16,102			72,341
Total liabilities and shareholders' equity	$	34,169		$	87,358

The accompanying notes are an integral part of these financial statements.

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~~WestMountain~~Return ~~Distressed~~to ~~Debt, Inc. (A Development Stage Company) Statements of Operations For the years ended December 31, 2013 and 2012 and for the period October 18, 2007 (inception) through December 31, 2013~~Index

							October 18, 2007
WestMountain Distressed Debt, Inc.
							(Inception)
Statements of Operations
	For the years ended December 31,						Through December 31,
For the years ended December 31, 2014 and 2013
	2013			2012			2013
	For the year ended
Operating expenses
	December 31,
Sales, general and administrative expense	$	56,239		$	53,909		$	366,563
	2014			2013
Total operating expenses		56,239			53,909			366,563
Operating expenses
Net loss from operations		(56,239	)		(53,909	)		(366,563	)
Sales, general and administrative expense	$	41,522		$	56,239
Other income/(expense)
Total operating expenses		41,522			56,239
Interest income		-			1			13,450
Net loss from operations		(41,522	)		(56,239	)
Net loss before income taxes		(56,239	)		(53,908	)		(353,113	)
Other income/(expense)
Provision for income taxes		-			-			-
Interest expense		(936	)		-
Net loss	$	(56,239	)	$	(53,908	)	$	(353,113	)
Net loss before income taxes		(42,458	)		(56,239	)
Basic and diluted loss per share	$	(0.03	)	$	(0.03	)
Provision for income taxes		-			-
Basic and diluted weighted average common
Net loss	$	(42,458	)	$	(56,239	)
shares outstanding		1,808,150			1,808,150
Basic and diluted loss per share	$	(0.02	)	$	(0.03	)
Basic and diluted weighted average common
shares outstanding		1,896,369			1,808,150

The accompanying notes are an integral part of these financial statements.

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~~WestMountain~~Return ~~Distressed~~to ~~Debt, Inc. (A Development Stage Company) Statement of Changes in Shareholders' Equity For the period October 18, 2007 (inception) through December 31, 2013~~Index

											Deficit
WestMountain Distressed Debt, Inc.
											Accumulated
Statement of Changes in Shareholders' (Deficit) Equity
	Preferred Stock				Common Stock				Additional		During
For the period December 31, 2012 through December 31, 2014
			Par				Par		Paid-in		Development
	Preferred Stock				Common Stock				Additional
	Shares		Value		Shares		Value		Capital		Stage			Total
			Par				Par		Paid-in		Accumulated
Balance at October 18, 2007		-	$	-		-	$	-	$	-	$	-		$	-
	Shares		Value		Shares		Value		Capital		Deficit			Total
November 19, 2007 common stock shares sold
at $0.001 per share		-		-		58,000		58		232		-			290
November 20, 2007 common stock shares sold
at $0.01 per share		-		-		47,000		47		2,303		-			2,350
November 28, 2007 common stock shares sold
at $0.04 per share		-		-		1,610,000		1,610		318,390		-			320,000
November 30, 2007 common stock shares sold
at $0.10 per share		-		-		93,150		93		46,482		-			46,575
Net loss, October 18, 2007 (inception) through		-		-		-		-		-		(29,376	)		(29,376	)
December 31, 2007
Balance at December 31, 2007		-	$	-		1,808,150	$	1,808	$	367,407	$	(29,376	)	$	339,839
Net loss, for the year ended
December 31, 2008		-		-		-		-		-		(51,974	)		(51,974	)
Balance at December 31, 2008		-	$	-		1,808,150	$	1,808	$	367,407	$	(81,350	)	$	287,865
Net loss, for the year ended
December 31, 2009		-		-		-		-		-		(54,190	)		(54,190	)
Balance at December 31, 2009		-	$	-		1,808,150	$	1,808	$	367,407	$	(135,540	)	$	233,675
Net loss, for the year ended
December 31, 2010		-		-		-		-		-		(49,180	)		(49,180	)
Balance at December 31, 2010		-	$	-		1,808,150	$	1,808	$	367,407	$	(184,720	)	$	184,495
Net loss, for the year ended
December 31, 2011		-		-		-		-		-		(58,246	)		(58,246	)
Balance at December 31, 2011		-	$	-		1,808,150	$	1,808	$	367,407	$	(242,966	)	$	126,249
Net loss, for the year ended
December 31, 2012		-		-		-		-		-		(53,908	)		(53,908	)
Balance at December 31, 2012		-	$	-		1,808,150	$	1,808	$	367,407	$	(296,874	)	$	72,341
Net loss, for the year ended
December 31, 2013		-		-		-		-		-		(56,239	)		(56,239	)
Balance at December 31, 2013		-	$	-		1,808,150	$	1,808	$	367,407	$	(353,113	)	$	16,102
Issuance of common stock		-		-		175,000		175		1,575		-			1,750
Net loss, for the year ended
December 31, 2014		-		-		-		-		-		(42,458	)		(42,458	)
Balance at December 31, 2014		-	$	-		1,983,150	$	1,983	$	368,982	$	(395,571	)	$	(24,606	)

The accompanying notes are an integral part of these financial statements.

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WestMountain Distressed Debt, Inc.
(A Development Stage Company)
Statements of Cash Flows
For the years ended December 31, 2013 and 2012 and for the
period October 18, 2007 (inception) through December 31, 2013
							October 18, 2007
							(Inception)
	For the years ended December 31,						Through December 31,
	2013			2012			2013
Cash flows from operating activities:
Net loss	$	(56,239	)	$	(53,908	)	$	(353,113	)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and asset write off		-			-			9,474
Changes in operating assets and operating liabilities:
Prepaid expenses		(424	)		1,763			(510	)
Indebtedness to related parties and accrued liabilities		3,050			4,017			18,067
Net cash (used in) operating activities		(53,613	)		(48,128	)		(326,082	)
Cash flows from investing activities:
Purchases of property and equipment		-			-			(9,474	)
Net cash (used in) investing activities		-			-			(9,474	)
Cash flows from financing activities:
Proceeds from sale of common stock		-			-			369,215
Net cash provided by financing activities		-			-			369,215
Net change in cash		(53,613	)		(48,128	)		33,659
Cash, beginning of period		87,272			135,400			-
Cash, end of period	$	33,659		$	87,272		$	33,659

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WestMountain Distressed Debt, Inc.
Statements of Cash Flows
For the years ended December 31, 2014 and 2013


	For the year ended
	December 31,
	2014			2013
Cash flows from operating activities:
Net loss	$	(42,458	)	$	(56,239	)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock compensation		1,750			-
Changes in operating assets and operating liabilities:
Prepaid expenses		(8,717	)		(424	)
Accounts payable and accrued liabilities		(2,200	)		3,050
Indebtedness to related parties and accrued liabilities		1,037			-
Net cash (used in) operating activities		(50,588	)		(53,613	)

Cash flows from financing activities:
Proceeds from notes payable, related parties		25,000			-
Net cash provided by financing activities		25,000			-

Net change in cash		(25,588	)		(53,613	)

Cash, beginning of period		33,659			87,272

Cash, end of period	$	8,071		$	33,659

The accompanying notes are an integral part of these financial statements.

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WestMountain Distressed Debt, Inc.

(A Development Stage Company)

Notes to the Financials

1) Nature of Organization and Summary of Significant Accounting Policies

Nature of Organization and Basis of Presentation

WestMountain Distressed Debt, Inc. was incorporated in the state of Colorado on October 18, 2007 and on this date approved its business plan and commenced operations.

The Company ~~is a development stage enterprise. The Company~~’s plan is to act as an acquirer of all forms of distressed debt that are being sold at a discount to the original purchase price, including, but not limited to, real estate mortgages, securities such as promissory notes, and assets acquired through bankruptcy.

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As Since ~~shown in the accompanying financial statements~~inception, the Company ishas anot ~~development~~had ~~stage~~revenues, ~~company~~has ~~with~~incurred norecurring ~~history~~losses, ofand ~~operations,~~as ~~limited~~of ~~assets~~December 31, ~~and~~2014 has ~~incurred~~an ~~operating~~accumulated ~~losses~~deficit ~~since~~of ~~inception~~$395,571. These factors, among others, raise substantial doubt about its ability to continue as a going concern.

The financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to obtain additional operating capital, commence operations, provide competitive services, and ultimately to attain profitability.

Use of Estimates

The preparation of 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Loss per Common Share

Basic loss per share excludes the impact of common stock equivalents and is determined by dividing income available to common shareholders by the weighted average number of common shares outstanding during the period. At December 31, ~~2013~~2014 and December 31, ~~2012~~2013, there were no potentially dilutive securities outstanding.

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WestMountain Distressed Debt, Inc.

(A Development Stage Company)

Notes to the Financials

1) Nature of Organization and Summary of Significant Accounting Policies (Continued)

Reverse Stock Split during the Reporting Period

On November 22, 2010, the Company’s board of directors declared a one-for-five reverse stock split on the shares of the Company’s common stock. The Company retained the current par value of $0.001 per share for all shares of common stock. All references in the financial statements to the number of shares outstanding and per-share amounts of the Company’s common stock have been restated to reflect the effect of the reverse stock split for all periods presented.

Stockholders’ equity reflects the stock split by reclassifying from ‘‘Additional paid-in capital’’ to ‘‘Common stock’’ an amount equal to the par value of the additional shares arising from the split.

Income Taxes

The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the 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. Considerable judgment is required in determining when these events may occur and whether recovery of an asset, including the utilization of a net operating loss or other carryforward prior to its expiration, is more likely than not.

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 tax years ~~2009~~2010-~~2013~~2014 remain open to examination. We are 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.

Fiscal Year-end

The Company operates on a December 31 year-end.

Subsequent Events

The Company has evaluated all subsequent events through the auditors’ report date, which is the date the financial statements were available for issuance.

(2) Note Receivable

On October 19, 2010, the Company entered into a $145,000 promissory note agreement with a private company. The aggregate amount of promissory notes issued by the private company was $600,000. The promissory note was noninterest bearing. On November 1, 2012, the Company sold the note to a related party for gross proceeds of $145,000.

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WestMountain Distressed Debt, Inc.

(A Development Stage Company)

Notes to the Financials

(3) Income Taxes

Income taxes consists of the following:

Provision for taxes
Deferred taxes consists of:
	December 31,	~~December 31,~~
		2013			2012
	2014			2013
Deferred tax assets:
Deferred tax assets (liabilities):
Prepaid Expenses	$	(97	)	$	(16	)
Compensation Accruals	$	-		$	-
Net operating loss carryforwards		65,548			54,642
Bad Deb Reserve		-			-
Fixed Assets		30			51
Prepaid Expenses		(1,444	)		(97	)
Amortizable Assets		1,384			1,540
Other		-			-
Total long-term deferred tax asset (liab)		66,865			56,217
Net operating loss carryforwards		75,405			65,548
Total deferred tax assets (liabilities)		66,865			56,217
Fixed Assets		-			30
Valuation allowance		(66,865	)		(56,217	)
Amortizable Assets		1,227			1,384
Alternative Minimum Tax Credits		-			-
Accumulated OCI		-			-
Other Liabilities		-			-
Total long-term deferred tax asset (liabilities)		75,188			66,865
Total deferred tax assets (liabilities)		75,188			66,865
Valuation allowance		(75,188	)		(66,865	)
Net deferred tax assets	$	-		$	-
The expense or benefit for income taxes differs from the amount computed by applying the U.S. federal
income tax rate of 15% to income or loss before income taxes as follows for the years ended:
		2013			2012
		2014			2013
U.S. federal income tax expense\(benefit) at statutory rates	$	(86,~~436~~594	)	$	(8,~~085~~436	)
State income tax expense\(benefit), net of federal impact		(2,212	)		(2,122	)
Permanent differences		-			-
Change in valuation allowance		10,648			10,207
State income tax expense\(benefit), net of federal impact		(1,729	)		(2,212	)
Other		-			-
Change in valuation allowance		8,323			10,648
	$	-		$	-

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WestMountain Distressed Debt, Inc.

(A Development Stage Company)

Notes to the Financials

(4) Stockholders Equity

On November 19, 20, 28, and 30, 2007 the Company sold shares of its common stock. The stock sale was made in reliance on an exemption from registration of a trade in the United States under Rule 504 and/or Section 4(6) of the Act. The Company relied upon exemptions from registration believed to be available under federal and state securities laws in connection with the offering.

-On 28April -11, 2014, the Company issued 175,000 shares of common stock at its par value of $0.001. The shares were issued for $1,750 of contract services. The shares issued are "restricted stock" as per the Rule 144 promulgated under the Securities Act of 1933.

WestMountain Distressed Debt, Inc.

(A Development Stage Company)

Notes to the Financials

(5) 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 President, we are considering all transactions with Bohemian Companies, LLC, to be related party transactions.

On January 1, 2008, we entered into a Service Agreement with Bohemian Companies, LLC, to provide us with certain defined services. These services include financial, bookkeeping, accounting, legal and tax matters, as well as cash management, custody of assets, preparation of financial documents, including tax returns and checks, and coordination of professional service providers as may be necessary to carry out the matters covered by the Service Agreement. We compensated ~~compensate~~ Bohemian Companies, LLC by reimbursing this entity for the allocable portion of the direct and indirect costs of each employee of Bohemian Companies, LLC that ~~performs~~performed services on our behalf. ~~The Service Agreement was scheduled to terminate on December 31, 2013 but has been extended to December 31, 2014.~~

We ~~receive~~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, ~~2013~~2014. As of March 31, 2014, the agreement was terminated by agreement of both parties. Total expenses incurred with Bohemian Companies were $3,000 and $12,000 for ~~each of~~ the fiscal years ended December 31, ~~2013~~2014 and ~~2012~~2013, respectively. As of December 31, ~~2013~~2014 the Company had no balance due to Bohemian Companies, LLC.

We 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 Distressed Debt, Inc. on October 15, 2009, and is considered to be a related party. Total expenses incurred with SP were $~~700~~2,300 and $~~800~~2,200 for the ~~quarters~~fiscal ~~ended December 31, 2013 and 2012, respectively. For the~~ years ended December 31, ~~2013~~2014 and ~~2012~~2013, ~~total expenses incurred were $2,200 and $1,700,~~ respectively. As of December 31, ~~2013~~2014 an accrual of $~~700~~800 has been recorded for unpaid services.

On October 17, 2014, the Company entered into a Promissory Note Agreement with WestMountain Company in the amount of $25,000. The note bears interest at 18% per annum until paid in full. Repayment of the note is due on or before April 16, 2015. As of December 31, 2014, the principal and accrued interest due on the note is $25,937.

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(6) Commitment, Contingencies and Legal Proceedings

In April 2014, we relocated our principal executive office to 181 W. Boardwalk, Suite 202, Fort Collins, Colorado 80525. We signed a two year lease for a total of 565 square feet of office space at a price of $188 per month plus costs associated with per month common area fees of $60.75.

The aggregate unaudited future minimum lease payments, to the extent the leases have early cancellation options and excluding escalation charges, are as follows:

December 31,	Total

2015	$	2,985
2016	$	746
Total	$	3,731

(7) Subsequent Events

On January 27, 2014, the Company entered into a Promissory Note Agreement with WestMountain Company in the amount of $25,000. The note bears interest at 18% per annum until paid in full. Repayment of the note is due on or before July 27, 2015.

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ITEM 9. DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

We did not have any disagreements on accounting and financial disclosures with our present accounting firm during the reporting period.

ITEM 9A(T). CONTROLS AND PROCEDURES.

Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

Under the supervision and with the participation of our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act. As a result of this evaluation, we identified no material weaknesses in our internal control over financial reporting as of December 31, ~~2013~~2014. Accordingly, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were effective as of December 31, ~~2013~~2014.

Management’s Annual Report on Internal Control Over Financial Reporting.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) and 15d-(f) under the Exchange Act. Our internal control over financial reporting are designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with U. S. generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that:

i.	pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets;

ii.

provide reasonable assurance that transactions are recorded as necessary to permit the preparation of our consolidated financial statements in accordance with U. S. generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

iii.	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the consolidated financial statements.

Management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, ~~2013~~2014. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework.

Management has concluded that our internal control over financial reporting was effective as December 31, ~~2013~~2014.

Inherent Limitations Over Internal Controls

Internal control over financial reporting cannot provide absolute assurance of achieving financial reporting objectives because of its inherent limitations, including the possibility of human error and circumvention by collusion or overriding of controls. Accordingly, even an effective internal control system may not prevent or detect material misstatements on a timely basis. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

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Changes in Internal Control Over Financial Reporting.

We have made no change in our internal control over financial reporting during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Attestation Report of the Registered Public Accounting Firm.

This annual report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our independent registered public accounting firm pursuant to ~~temporary~~ rules of the SEC that permit us to provide only management's report in this annual report on Form 10-K.

ITEM 9B. OTHER INFORMATION.

Nothing to report.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

Set forth below is the name of the sole director and officer of the Company, all positions and offices with the Company held, the period during which he has served as such, and the business experience during at least the last five years:

Name	Age	Positions and Offices Held
Brian L. Klemsz	5556	President, Treasurer, Director
Joni K Troska	5455	Secretary

Mr. Klemsz has been the Company’s President, Treasurer, and sole Director since our inception. Since March, 2007, he has been the Chief Investment Officer of BOCO Investments, LLC. He was President and Chief Investment Officer for GDBA Investments, LLLP, a private investment partnership from May 2000 until February 2007. He is currently also the President, Treasurer, and sole Director of WestMountain Alternative Energy, Inc., and Chairman, Treasurer, and sole Director of WestMountain Company, (formerly WestMountain Asset Management, Inc.), both of which are public companies. He is also a member of the Board of Directors of NexCore Healthcare Capital Corp., a public company and is Chairman of their Board’s audit committee. Mr. Klemsz received a Masters of Science in Accounting and Taxation in 1993 and a Masters of Science in Finance in 1990 from Colorado State University. He received his Bachelor of Science degree from the University of Colorado in 1981.

Ms. Troska has been the Company’s Secretary since October, 2009. She was the corporate Secretary of CapTerra Financial Group, Inc., “CPTA”, (currently Nexcore Healthcare Capital Corp Inc.), a public company, since January 20, 2009. From August 2009 through September 29, 2010, she was appointed Treasurer and Chief Financial Officer of CPTA. Prior to 2009 she was Secretary-Treasurer from its inception in April, 2003 until 2005. She is no longer either an officer or director of CPTA as of October, 2010. She currently serves as corporate Secretary of WestMountain Company, formerly known as WestMountain Asset Management, Inc and WestMountain Alternative Energy, Inc., both public companies. She started SP Business Solutions, a business consulting service, in April, 2002. Prior to that period, she was employed for fourteen years as the General Accounting Manager and financial liaison for software implementations and acquisition integration by Advanced Energy Industries, Inc., a public international electronics manufacturing company, in Fort Collins, Colorado. While employed by Advanced Energy, she obtained her business degree in July 2001.

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Family Relationships

There are no family relationships among our directors and executive officers. No director or executive officer has been a director or executive officer of any business which has filed a bankruptcy petition or had a bankruptcy petition filed against it. No director or executive officer has been convicted of a criminal offense within the past five years or is the subject of a pending criminal proceeding. No director or executive officer has been the subject of any order, judgment or decree of any court permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities. No director or officer has been found by a court to have violated a federal or state securities or commodities law.

Committees of the Board of Directors

There are no committees of the Board of Directors.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934 (the “34 Act”) requires our officers and directors and persons owning more than ten percent of the Common Stock, to file initial reports of ownership and changes in ownership with the Securities and Exchange Commission (“SEC”). Additionally, Item 405 of Regulation S-K under the 34 Act requires us to identify in its Form 10-K and proxy statement those individuals for whom one of the above referenced reports was not filed on a timely basis during the most recent year or prior years. WeIn ~~have~~this ~~nothing~~regard, toMs. ~~report~~Troska filed a Form 4 but not in ~~this~~a ~~regard~~timely manner with respect to the acquisition of common shares during fiscal year 2014.

Code of Ethics

Our board of directors has not adopted a code of ethics but plans to do so in the future.

Options/SAR Grants and Fiscal Year End Option Exercises and Values

We have not had a stock option plan or other similar incentive compensation plan for officers, directors and employees, and no stock options, restricted stock or SAR grants were granted or were outstanding at any time.

Item 11. EXECUTIVE COMPENSATION

Our officers and director do not receive any direct compensation for their services rendered to us, nor have they received such compensation in the past. We have no plans to pay any compensation to our officer and director in the future.

We have entered into an agreement with SP Business Solutions (“SP”) to provide accounting and related services for us. The owner, Ms. Joni Troska, was appointed our corporate Secretary on October 15, 2009 and is considered to be a related party. Fees are charged and paid on a quarterly basis. As of December 31, ~~2013~~2014 an accrual of $~~700~~800 has been recorded for unpaid services. Otherwise, our officers and director are not accruing any compensation pursuant to any agreement with us.

No retirement, pension, profit sharing, stock option or insurance programs or other similar programs have been adopted by us for the benefit of our officers or director.

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following sets forth the number of shares of our $.0.001 par value common stock beneficially owned by (i) each person who, as of December 31, ~~2013~~2014, was known by us to own beneficially more than five percent (5%) of its common stock; (ii) our individual Directors and (iii) our Officers and Directors as a group. A total of 1,~~808~~983,150 common shares were issued and outstanding as of December 31, ~~2013~~2014.

Name and Address	Amount and Nature of	Percent of
of Beneficial Owner	Beneficial Ownership(1)(2)	Class
WestMountain Red, LLC(3)	1,610,000	89%
WestMountain Red, LLC(4)	1,610,000	81.18%
123 North College Avenue, Ste 200
181 W. Boardwalk, Suite 202
Fort Collins, Colorado 80524
Fort Collins, Colorado 80525
Brian L. Klemsz	(3)(4)
123 North College Avenue, Ste 200
181 W. Boardwalk, Suite 202
Fort Collins, Colorado 80524
Fort Collins, Colorado 80525
Joni K. Troska 123 North College Avenue, Ste 200 Fort Collins, Colorado 80254	20,000	1.11%
Joni K. Troska 181 W. Boardwalk, Suite 202 Fort Collins, Colorado 80254	40,000	2.02%
All Officers and Directors as a Group	~~290~~310,480	1615.0766%
(two persons)

_______________

(1) All ownership is beneficial and of record, unless indicated otherwise.

(2) The Beneficial owner has sole voting and investment power with respect to the shares shown.

(3) Mr. Klemsz owns 16.8% of WestMountain Red, LLC.

(4) Does not include a total of 80,000 shares owned of record by WestMountain Company, a public company in which Mr.Klemsz is an officer and shareholder, and BOCO Investments, LLC is a controlling shareholder.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

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WeReturn ~~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 Distressed Debt, Inc. on October 15, 2009, and is considered to be a related party. As of December 31, 2013 an accrual of $700 has been recorded for unpaid services.Index

As We ofentered ~~September~~into ~~30,~~an ~~2012,~~agreement ~~the~~with ~~total~~SP ~~principal~~Business ~~due~~Solutions on(“SP”) to provide accounting and related services for the ~~convertible~~Company. ~~note~~The ~~receivable~~owner, Joni Troska, was ~~$145~~appointed Secretary of WestMountain Distressed Debt,~~000~~ Inc. Onon ~~November~~October 115, ~~2012~~2009, ~~the~~and ~~Company~~is ~~sold~~considered ~~the note~~ to be a related party. ~~and~~Total expenses incurred with SP were $2,200 for the ~~principal~~fiscal ~~was~~years ~~paid~~ended inDecember ~~full~~31, 2014 and 2013, respectively. As of December 31, 2014 an accrual of $800 has been recorded for unpaid services.

WeOn ~~operate~~October ~~out~~17, of2014, ~~one~~the ~~office~~Company inentered ~~Colorado~~into ata ~~123~~Promissory ~~North~~Note ~~College~~Agreement ~~Avenue,~~with ~~Suite~~WestMountain ~~200,~~Company ~~Fort~~in ~~Collins,~~the ~~Colorado~~amount ~~80524~~of $25,000. We ~~have~~The nonote ~~specific~~bears ~~plans~~interest at ~~this~~18% ~~point~~per ~~for~~annum ~~additional~~until ~~offices~~paid in full. We ~~lease~~Repayment ~~our~~of ~~office~~the ~~monthly~~note atis ~~the~~due ~~rate~~on or before April 16, 2015. As of ~~$323~~December ~~per~~31, ~~month~~2014, the principal and accrued interest due on the note is $25,937.

ITEM 14: PRINCIPAL ACCOUNTANT FEES AND SERVICES

Our independent registered public accounting firm, EKS&H, LLLP, Certified Public Accountants billed an aggregate of $1517,~~820~~900 for the year ended December 31, ~~2013~~2014 and an aggregate of $1315,~~915~~820 for the year ended December 31, ~~2012~~2013 and for professional services rendered for the audit of the Company's annual financial statements and review of the financial statements included in our quarterly reports.

We do not have an audit committee and as a result our board of directors performs the duties of an audit committee. Our board of directors evaluates the scope and cost of the engagement of an auditor before the auditor renders audit and non-audit services.

ITEM 15. EXHIBITS FINANCIAL STATEMENT SCHEDULES.

The following financial information is filed as part of this report:

(1) FINANCIAL STATEMENTS

(2) SCHEDULES

(3) EXHIBITS. The following exhibits required by Item 601 to be filed herewith are incorporated by reference to previously filed documents:

Exhibit Number	Description

3.1*	Articles of Incorporation
3.2*	Bylaws
3.3***	Amended Articles of Incorporation
10.1**	Service Agreement With Bohemian Companies, LLC
31.1	Certification of CEO/CFO pursuant to Sec. 302
32.1	Certification of CEO/CFO pursuant to Sec. 906
101	XBRL Exhibits

* Previously filed with Form SB-2 Registration Statement, January 2, 2008.

** Previously filed with Form 10-KSB Registration Statement, February 29, 2008

*** Previously filed with Form 8-K, November 23, 2010.

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SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on ~~March~~February 525, ~~2014~~2015.

	WESTMOUNTAIN DISTRESSED DEBT, INC.

	By:	/s/ Brian L. Klemsz
		Brian L. Klemsz
		Chief Executive Officer and President (principal executive officer and principal financial and accounting officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacity and on the date indicated.

Date: March 5, 2014	By:	/s/ Brian L. Klemsz
Date: February 25, 2015	By:	/s/ Brian L. Klemsz
		Brian L. Klemsz
		Director

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