SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

SECURITIES EXCHANGE ACT OF 1934

For the Quarterly period ended ~~September~~March 3031, ~~2014~~2015

[] 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)


181 W Boardwalk, Suite 202
Fort Collins, Colorado	80525
(Address of principal executive offices)	(zip code)

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

(Registrant's telephone number, including area code)

Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 þ ☑ No o☐

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

The number of shares outstanding of the Registrant's common stock, as of the latest practicable date, ~~November~~April 415, ~~2014~~2015, was 1,983,150.

FORM 10-Q

West Mountain Distressed Debt, Inc.

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION
Item 1. Financial Statements
Balance Sheets (Unaudited) at September 30, 2014 and December 31, 2013	3
Balance Sheets at March 31, 2015 (Unaudited) and December 31, 2014	3
Statements of Operations (Unaudited) for the three and nine months ended September 30, 2014 and 2013	4
Statements of Operations (Unaudited) for the three months ended March 31, 2015 and 2014	4
Statement of Changes in Shareholders’ Equity (Unaudited) for the period December 31, 2013 through September 30, 2014	5
Statement of Changes in Shareholders' Equity (Unaudited) for the period December 31, 2014 through March 31, 2015	5
Statements of Cash Flows (Unaudited) for the nine months ended September 30, 2014 and 2013	6
Statements of Cash Flows (Unaudited) for the three months ended March 31, 2015 and 2014	6
Notes to the Financial Statements (Unaudited)	7
Item 2. Management’s Discussion and Analysis and Plan of Operation	10
Item 3. Quantitative and Qualitative Disclosures About Market Risk	1412
Item 4. Controls and Procedures	1413
Item 4T. Controls and Procedures	1413
PART II OTHER INFORMATION
Item 1. Legal Proceedings	1514
Item 1A. Risk Factors	1914
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	1918
Item 3. Defaults Upon Senior Securities	1918
Item 4. Submission of Matters to a Vote of Security Holders	1918
Item 5. Other Information	1918
Item 6. Exhibits	2019
Signatures	2120

- 2 -

PART I FINANCIAL INFORMATION

References in this document to "us," "we," or "Company" refer to West Mountain Distressed Debt, Inc.

ITEM 1. FINANCIAL STATEMENTS

WestMountain Distressed Debt, Inc.
Balance Sheets
	September 30,			December 31,
	2014			2013
Assets
Cash	$	1,307		$	33,659
Prepaid expenses		435			510
Total assets	$	1,742		$	34,169
Liabilities and Shareholders' Equity
Liabilities:
Accrued liabilities, related parties	$	1,500		$	700
Accounts payable and accrued liabilities		7,867			17,367
Total liabilities		9,367			18,067
Commitments and contingencies
Shareholders' equity:
Preferred stock, $.10 par value; 1,000,000 shares authorized,		-			-
-0- shares issued and outstanding 2014 and 2013
Common stock, $.001 par value; 200,000,000 shares authorized,		1,983			1,808
1,983,150 shares issued and outstanding 2014
1,808,150 shares issued and outstanding December 31, 2013
Additional paid-in-capital		368,982			367,407
Accumulated Deficit		(378,590	)		(353,113	)
Total shareholders' equity	$	(7,625	)		16,102
Total liabilities and shareholders' equity	$	1,742		$	34,169

WestMountain Distressed Debt, Inc.

Balance Sheets


	March 31,			December 31,
	2015			2014
	(unaudited)
Assets
Cash	$	11,263		$	8,071
Prepaid expenses		10,127			9,227
Total assets	$	21,390		$	17,298

Liabilities and Shareholders' Equity
Liabilities:
Accrued liabilities, related parties	$	3,636		$	1,737
Notes payable, related parties		50,000			25,000
Accounts payable and accrued liabilities		6,516			15,167
Total liabilities		60,152			41,904

Commitments and contingencies

Shareholders' (deficit) equity:
Preferred stock, $.10 par value; 1,000,000 shares authorized,		-			-
-0- shares issued and outstanding 2015 and 2014
Common stock, $.001 par value; 200,000,000 shares authorized,		1,983			1,983
1,983,150 shares issued and outstanding 2015 and 2014
Additional paid-in-capital		368,982			368,982
Accumulated (deficit)		(409,727	)		(395,571	)
Total shareholders' (deficit) equity	$	(38,762	)		(24,606	)
Total liabilities and shareholders' equity	$	21,390		$	17,298

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

- 3 -

WestMountain Distressed Debt, Inc.
Statements of Operations
For the three and nine months ended September 30, 2014 and 2013
													October 18, 2007
	For the three months ended.						For the nine months ended						(Inception) Through
	September 30,						September 30,						September 30,
	2014			2013			2014			2013			2014
Operating expenses
Sales, general and administrative expense	$	6,667		$	9,020		$	25,478		$	33,691		$	392,041
Total operating expenses		6,667			9,020			25,478			33,691			392,041
Net loss from operations		(6,667	)		(9,020	)		(25,478	)		(33,691	)		(392,041	)
Other income/(expense)
Interest income		1			0			1			-			13,451
Net loss before income taxes		(6,666	)		(9,020	)		(25,477	)		(33,691	)		(378,590	)
Provision for income taxes		-			-			-			-			-
Net loss	$	(6,666	)	$	(9,020	)	$	(25,477	)	$	(33,691	)	$	(378,590	)
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.02	)
Basic and diluted weighted average common
shares outstanding		1,963,919			1,808,150			1,886,465			1,808,150

WestMountain Distressed Debt, Inc.

Statements of Operations

For the three months ended March 31, 2015 and 2014

	For the three months ended,
	March 31,
	2015			2014
	(unaudited)			(unaudited)
Operating expenses
Sales, general and administrative expense	$	12,257		$	8,415
Total operating expenses		12,257			8,415

Net loss from operations		(12,257	)		(8,415	)

Other income/(expense)
Interest expense		(1,899	)		-
Net loss before income taxes		(14,156	)		(8,415	)
Provision for income taxes		-			-
Net loss	$	(14,156	)	$	(8,415	)


Basic and diluted loss per share	$	(0.01	)	$	(0.00	)
Basic and diluted weighted average common
shares outstanding		1,983,150			1,808,150

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

- 4 -

WestMountain Distressed Debt, Inc.
Statement of Changes in Shareholders' Equity
For the period December 31, 2013 through September 30, 2014
	Preferred Stock				Common Stock				Additional
			Par				Par		Paid-in		Accumulated
	Shares		Value		Shares		Value		Capital		Deficit			Total
Balance at December 31, 2013		-	$	-		1,808,150	$	1,808	$	367,407	$	(353,113	)	$	16,102
Net loss, for the quarter ended
March 31, 2014		-		-		-		-		-		(8,415	)		(8,415	)
Balance at March 31, 2014		-	$	-		1,808,150	$	1,808	$	367,407	$	(361,528	)	$	7,687
Issuance of common stock						175,000		175		1,575					1,750
Net loss, for the quarter ended
June 30, 2014		-		-		-		-		-		(10,396	)		(10,396	)
Balance at June 30, 2014		-	$	-		1,983,150	$	1,983	$	368,982	$	(371,924	)	$	(959	)
Net loss, for the quarter ended
September 30, 2014		-		-		-		-		-		(6,666	)		(6,666	)
Balance at September 30, 2014		-	$	-		1,983,150	$	1,983	$	368,982	$	(378,590	)	$	(7,625	)

WestMountain Distressed Debt, Inc.

Statement of Changes in Shareholders' (Deficit)

For the period December 31, 2013 through March 31, 2015

(unaudited)


	Preferred Stock				Common Stock				Additional
			Par				Par		Paid-in		Accumulated
	Shares		Value		Shares		Value		Capital		Deficit			Total

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	)

Net loss, for the three months
ended March 31, 2015		-		-		-		-		-		(14,156	)		(14,156	)

Balance at March 31, 2015		-	$	-		1,983,150	$	1,983	$	368,982	$	(409,727	)	$	(38,762	)

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

- 5 -

WestMountain Distressed Debt, Inc.
Statements of Cash Flows
For the nine months ended September 30, 2014 and 2013
	For the nine months ended
	September 30,
	2014			2013
Cash flows from operating activities:
Net loss	$	(25,477	)	$	(33,691	)
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		75			(417	)
Accounts payable and accrued liabilities		(9,500	)		-
Indebtedness to related parties and accrued liabilities		800			(9,890	)
Net cash (used in) operating activities		(32,352	)		(43,998	)
Net change in cash		(32,352	)		(43,998	)
Cash, beginning of period		33,659			87,272
Cash, end of period	$	1,307		$	43,274

WestMountain Distressed Debt, Inc.

Statements of Cash Flows

For the three months ended March 31, 2015 and 2014

(unaudited)

	For the three months ended
	March 31,
	2015			2014
Cash flows from operating activities:
Net loss	$	(14,156	)	$	(8,415	)
Changes in operating assets and operating liabilities:
Prepaid expenses		(900	)		324
Accounts payable and accrued liabilities		(8,651	)		(9,401	)
Indebtedness to related parties and accrued liabilities		1,899			-
Net cash (used in) operating activities		(21,808	)		(17,492	)

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

Net change in cash		3,192			(17,492	)

Cash, beginning of period		8,071			33,659

Cash, end of period	$	11,263		$	16,167

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

- 6 -

WestMountain Distressed Debt, Inc.

Notes to the Financial Statements

(~~Unaudited~~unaudited)

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’'s plan has been 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.

On May 7, 2014, the Company executed a non-binding term sheet which provided for the acquisition by a wholly-owned subsidiary of the Company of SOMNUS Healthcare, Inc., a private company (SOMNUS). This proposed acquisition has been abandoned by the parties as of October 1, 2014, with no continuing obligations by either party.

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

The Company also plans to continue 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, the Company plans to earn management fees based on the size of the funds that it manages and incentive income based on the performance of these funds. The Company does not plan to focus on any particular industry but will look at any and all opportunities.

The Company is presently planning to develop and implement a web site based operation to gather additional potential investment opportunities beyond what it can generate through our network of contacts. The Company also plans to utilize the most current technology to analyze investments and believes the technology will assist in the analysis of each opportunity.

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 shown in the accompanying financial statements, the Company has no history of operations, limited assets, and has incurred operating losses since inception. 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.

Unaudited Interim Condensed Financial Statements

We have prepared our unaudited interim condensed financial statements included herein pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to these rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. In our opinion, the unaudited interim condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly, in all material respects, our financial position as of March 31, 2015, the interim results of operations for the three months ended March 31, 2015 and 2014, and cash flows for the three months ended March 31, 2015 and 2014. These interim statements have not been audited. The balance sheet as of December 31, 2014 was derived from our audited financial statements included in our annual report on Form 10-K. The interim condensed financial statements contained herein should be read in conjunction with our audited financial statements, including the notes thereto, for the year ended December 31, 2014. The unaudited condensed financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results.

- 7 -

WestMountain Distressed Debt, Inc.

Notes to the Financial Statements

(~~Unaudited~~unaudited)

Unaudited Interim Condensed Financial Statements

We have prepared our unaudited interim condensed financial statements included herein pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to these rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. In our opinion, the unaudited interim condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly, in all material respects, our financial position as of September 30, 2014, the interim results of operations for the three and nine months ended September 30, 2014 and 2013, and cash flows for the nine months ended September 30, 2014 and 2013. These interim statements have not been audited. The balance sheet as of December 31, 2013 was derived from our audited financial statements included in our annual report on Form 10-K. The interim condensed financial statements contained herein should be read in conjunction with our audited financial statements, including the notes thereto, for the year ended December 31, 2013. The unaudited condensed financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results.

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.

(2) Income Taxes

The Company incurred net operating losses during all periods presented resulting in a deferred tax asset, which was fully allowed for; therefore, the net benefit and expense resulted in $-0- income taxes.

(3) Stockholders Equity

OnAs ~~November 19,~~of ~~20,~~March 2831, ~~and~~ ~~30,~~2015 ~~2007~~we ~~the~~had ~~Company~~1,983,150 ~~sold~~ shares ofissued ~~its~~and ~~common~~outstanding ~~stock.~~at ~~The stock sale was made in reliance on an exemption from registration of~~ a ~~trade~~par invalue ~~the United States under Rule 504 and/or Section 4(6)~~ of ~~the Act~~$. ~~The~~001 ~~Company~~or ~~relied upon exemptions from registration believed to be available under federal and state securities laws in connection with the offering~~$1,983.

~~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~~4) Related ~~shares from Fifty Million (50,000,000) shares. The par value of the common shares remains at $0.001 per share.~~Parties

~~Effective~~Bohemian ~~with~~Companies, ~~the~~LLC ~~commencement~~and ofBOCO ~~trading on November 22~~Investments, ~~2010,~~LLC weare ~~reverse~~two ~~split~~companies ~~our~~under ~~Common~~common ~~Shares~~control. ~~New~~Mr. ~~Common~~Klemsz, ~~Shares~~our ~~were~~President, ~~issued~~has tobeen ~~shareholders~~the inChief ~~exchange~~Investment ~~for~~Officer ~~their Old Common Shares in the ratio~~ of ~~one~~BOCO ~~New Common Share for each five Old Common Shares held~~Investments, ~~thus~~LLC ~~effecting~~since aMarch ~~one-for-five reverse stock split~~2007. ~~Fractional~~Since ~~shares,~~there ifis ~~any,~~common ~~were~~control ~~rounded~~between ~~up to~~ the ~~next~~two ~~whole~~companies ~~number.~~and ~~There~~a ~~was~~relationship nowith ~~change~~our inPresident, ~~the~~we ~~par~~are ~~value~~considering ofall ~~the~~transactions ~~Common~~with ~~Shares.~~Bohemian ~~As of September 30~~Companies, ~~2014 we had 1~~LLC,~~983,150~~ ~~shares~~to ~~issued~~be ~~and~~related ~~outstanding~~party ~~at a par value of $~~transactions.~~001 or $1,983~~

On ~~April~~January 111, ~~2014~~2008, ~~the~~we ~~Company~~entered ~~issued~~into ~~175,000~~a ~~shares~~Service ofAgreement ~~common~~with ~~stock~~Bohemian atCompanies, ~~its~~LLC, ~~par~~to ~~value~~provide ofus $0with certain defined services.~~001.~~ ~~The~~These ~~shares~~services ~~were~~include ~~issued~~financial, ~~for~~bookkeeping, $1accounting,~~750~~ legal and tax matters, as well as cash management, custody of ~~contract~~assets, ~~services.~~preparation ~~The~~of ~~shares~~financial ~~issued~~documents, ~~are~~including ~~“restricted~~tax ~~stock”~~returns and checks, and coordination of professional service providers as ~~per~~may be necessary to carry out the ~~Rule~~matters ~~144~~covered ~~promulgated~~by ~~under~~the Service Agreement. We compensated Bohemian Companies, LLC by reimbursing this entity for the ~~Securities~~allocable ~~Act~~portion of ~~1933~~the direct and indirect costs of each employee of Bohemian Companies, LLC that performed services on our behalf.

We received invoices on a monthly basis from Bohemian Companies, LLC. This Service Agreement was originally for the term of one year, ending December 31, 2009 but was extended to December 31, 2014. As of March 31, 2014, the agreement was terminated by agreement of both parties. Total expenses incurred with Bohemian Companies were $-0- and $-0- for the quarters ended March 31, 2015 and 2014, respectively. As of March 31, 2015 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 $500 and $500 for the quarters ended March 31, 2015 and 2014, respectively. As of March 31, 2015 an accrual of $500 has been recorded for unpaid services.

On October 17, 2014, we entered into a Promissory Note Agreement with WestMountain Company, a related party, in the amount of $25,000. The note bears an interest rate of 18% per annum until paid in full. Repayment of the loan was due on or before April 16, 2015. As of March 31, 2015, the principal and interest due on the note is $27,047. On April 18, 2015 we carried over the principal and total interest due to a new note. The new principal amount is $27,256.16. The new note carries an interest rate of 18% per annum until paid in full. Repayment of the loan is due on or before October 18, 2015.

- 8 -

WestMountain Distressed Debt, Inc.

Notes to the Financial Statements

(~~Unaudited~~unaudited)

~~(4) Related~~On ~~Parties~~January 28, 2015, we entered into a Promissory Note Agreement with WestMountain Company, a related party, in the amount of $25,000. The note bears an interest rate of 18% per annum until paid in full. Repayment of the loan is due on or before July 28, 2015. As of March 31, 2015, the principal and interest due on the note is $25,777.

~~Bohemian~~On ~~Companies~~May 4, ~~LLC and BOCO Investments~~2015, ~~LLC~~we ~~are~~entered ~~two~~into ~~companies~~a ~~under~~Promissory ~~common~~Note ~~control.~~Agreement ~~Mr.~~with ~~Klemsz~~WestMountain Company, ~~our~~a ~~President~~related party, ~~has~~in ~~been~~ the ~~Chief~~amount ~~Investment Officer~~ of ~~BOCO Investments~~$10,000. ~~LLC~~The ~~since~~note ~~March~~bears ~~2007.~~an ~~Since~~interest ~~there~~rate isof ~~common~~18% ~~control~~per ~~between~~annum ~~the~~until ~~two~~paid ~~companies~~in ~~and~~full. aRepayment ~~relationship~~of ~~with~~the ~~our~~loan ~~President,~~is wedue ~~are~~on ~~considering~~or ~~all~~before ~~transactions~~November ~~with Bohemian Companies~~4, ~~LLC, to be related party transactions~~2015.

On(5) ~~January~~Subsequent 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 will 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 services on our behalf.Events

WeOn ~~received~~October ~~invoices~~17, on2014, awe ~~monthly~~entered ~~basis~~into ~~from~~a ~~Bohemian~~Promissory ~~Companies,~~Note ~~LLC. This Service~~ Agreement ~~was~~with ~~originally~~WestMountain ~~for the term of one year~~Company, ~~ending~~a ~~December~~related 31party, ~~2009~~in ~~but~~the ~~was~~amount ~~extended~~of ~~to December 31~~$25, ~~2014~~000. AsRepayment of ~~March 31, 2014,~~ the ~~agreement~~loan was ~~terminated~~due byon ~~agreement~~or ofbefore ~~both~~April ~~parties~~16, 2015. ~~Total~~On ~~expenses~~April ~~incurred~~18, ~~with~~2015 ~~Bohemian~~we ~~Companies~~carried ~~were~~over ~~$-0-~~the principal and ~~$3,000~~total ~~for~~interest ~~the~~due ~~quarters~~to ~~ended~~a ~~September~~new ~~30,~~note. ~~2014~~The ~~and~~new ~~2013,~~principal ~~respectively.~~amount ~~For~~is ~~the~~$27,256.16. ~~nine~~The ~~months~~new ~~ended~~note ~~September~~carries ~~30,~~an ~~2014~~interest ~~and~~rate ~~2013,~~of ~~the~~18% ~~total~~per ~~expenses~~annum ~~were~~until ~~$-0-~~paid ~~and~~in ~~$9,000 respectively~~full. As Repayment of ~~September 30, 2014~~ the ~~Company~~loan ~~had~~is nodue ~~balance~~on ~~due~~or tobefore ~~Bohemian~~October ~~Companies~~18, ~~LLC~~2015.

WeOn ~~entered~~May ~~into an agreement with SP Business Solutions (“SP”) to provide accounting and related services for the Company. The owner~~4, ~~Joni Troska~~2015, ~~was~~we ~~appointed~~entered ~~Secretary~~into ofa ~~WestMountain~~Promissory ~~Distressed~~Note ~~Debt,~~Agreement ~~Inc.~~with onWestMountain ~~October 15~~Company, ~~2009, and is considered to be~~ a related party., ~~Total~~in ~~expenses incurred with SP were $500 for~~ the ~~quarters~~amount ~~ended~~of ~~September 30~~$10, ~~2014 and September 30, 2013~~000. ~~Total~~The ~~expenses~~note ~~incurred~~bears ~~with~~an SPinterest ~~were~~rate ~~$1,700~~of ~~for~~18% ~~the~~per ~~nine~~annum ~~months~~until ~~ended~~paid ~~September~~in ~~30,~~full. ~~2014~~Repayment ~~and~~of ~~$1,800 for~~ the ~~nine~~loan ~~months~~is ~~ended~~due ~~September~~on ~~30,~~or ~~2013. As~~before ofNovember ~~September 30~~4, ~~2014 an accrual of $500 has been recorded for unpaid services~~2015.

(5) Subsequent Event

The SOMNUS transaction did not close as of September 30, 2014. This proposed acquisition has been abandoned by the parties as of October 1, 2014, with no continuing obligations by either party.

Subsequent to the end of the fiscal quarter, WestMountain Company loaned us $25,000, which we plan to use for general operations. The terms of the loan are currently being negotiated and have not been finalized.

- 9 -

ITEM 2. MANAGEMENT’'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

The following discussion of our financial condition and results of operations should be read in conjunction with, and is qualified in its entirety by, the consolidated financial statements and notes thereto included in, Item 1 in this Quarterly Report on Form 10-Q. This item contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated in such forward-looking statements.

Forward-Looking Statements

This Quarterly Report on Form 10-Q and the documents incorporated herein by reference contain forward-looking statements. Such forward-looking statements are based on current expectations, estimates, and projections about our industry, management beliefs, and certain assumptions made by our management. Words such as “"anticipates”", “"expects”", “"intends”", “"plans”", “"believes”", “"seeks”", “"estimates”", variations of such words, and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements. Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. However, readers should carefully review the risk factors set forth herein and in other reports and documents that we file from time to time with the Securities and Exchange Commission, particularly Annual Reports on Form 10-K, Quarterly reports on Form 10-Q and any Current Reports on Form 8-K.

General

Our original plan was to earn income by holding distressed real estate properties for resale at a future date when market conditions are more favorable. We ~~later~~have decided to expand our business plan to include the potential acquisition of all forms of distressed debt, including real estate mortgages, securities such as promissory notes, and assets acquired through bankruptcy. We ~~plan~~will to screen investments with emphasis towards finding opportunities with long term potential. We have no prior history of operating as a firm in the distressed debt business.

~~Effective~~We ~~November~~also ~~22,~~continue ~~2010,~~to wedevelop ~~amended~~a ~~our~~proprietary ~~Articles~~investment ofscreening ~~Incorporation~~process to ~~increase~~make ~~the~~our ~~number~~investments. This ofscreening ~~authorized~~process ~~common~~will ~~shares~~be torefined ~~Two~~as ~~Hundred~~a ~~Million~~result ~~(200,000,000)~~of ~~shares~~the ~~from~~expanded ~~Fifty~~nature ~~Million~~of ~~(50,000,000)~~our ~~shares~~business plan. ~~The~~This ~~par~~process ~~value~~will ofbe based upon the ~~common~~experience ~~shares~~of ~~remains~~our atmanagement $0team and outside consultants.~~001~~ This ~~per~~process ~~share~~has not been fully developed at this time.

~~Effective~~ We ~~with~~plan ~~the~~to ~~commencement~~act as a holder of ~~trading~~all onforms ~~November~~of ~~22,~~distressed ~~2010~~debt by raising, weinvesting ~~reverse~~and ~~split~~managing ~~our~~private ~~Common~~equity ~~Shares.~~and ~~New~~direct ~~Common~~investment ~~Shares~~funds ~~were~~for ~~issued~~third toparties ~~shareholders~~including inhigh ~~exchange~~net ~~for~~worth ~~their~~individuals ~~Old~~and ~~Common~~institutions. ~~Shares~~As inis the ~~ratio~~industry ofpractice, ~~one~~we ~~New~~plan ~~Common~~to ~~Share~~earn ~~for~~management ~~each~~fees ~~five~~based ~~Old~~on ~~Common~~the ~~Shares~~size ~~held,~~of ~~thus~~the ~~effecting~~funds athat ~~one-for-five~~we ~~reverse~~manage ~~stock~~and ~~split.~~incentive ~~Fractional~~income ~~shares,~~based ifon ~~any,~~the ~~were~~performance ~~rounded~~of upthese tofunds. ~~the~~We ~~next~~do ~~whole~~not ~~number.~~plan ~~There~~to ~~was~~focus noon ~~change~~any inparticular ~~the~~industry ~~par~~but ~~value~~will oflook ~~the~~at ~~Common~~any ~~Shares~~and all opportunities.

On May 7, 2014, we executed a non-binding term sheet which provided for the acquisition by a wholly-owned subsidiary of ours of SOMNUS Healthcare, Inc., a private company (SOMNUS). This proposed acquisition has been abandoned by the parties as of October 1, 2014, with no continuing obligations by either party.

We 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 continue to develop a 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.

- We 10operate -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 on the development of our business plan. If we are not successful in our operations we will be faced with several options:

We currently operate out of one office in Colorado at 181 W Boardwalk, Suite 202, Fort Collins, Colorado 80525. Our phone number is (970) 223-4499. If we are not successful in our business plan, 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

~~Currently,~~- we10 ~~believe that we have sufficient capital to implement our proposed business operations or to sustain them through December 31, 2014.~~-

Our principal business address is 181 W Boardwalk, Suite 202, Fort Collins, Colorado 80525. We operate out of one office in Colorado. We have no specific plans at this point for additional offices.

We have not been subject to any bankruptcy, receivership or similar proceeding.

Results of Operations

The following discussion involves our results of operations for the ~~three~~fiscal ~~and~~quarters ~~nine months~~ ended ~~September~~March 3031, ~~2014~~2015 and ~~September~~March 3031, ~~2013~~2014.

We have not generated operating revenues since our inception.

OnOperating ~~May~~expenses, 7consisting primarily of selling, ~~2014~~general and administrative costs, wewere ~~executed~~$12,257 afor ~~non-binding~~the ~~term~~quarter ~~sheet~~ended ~~which~~March ~~provided~~31, 2015, compared to $8,415 for the ~~acquisition~~quarter byended aMarch ~~wholly-owned~~31, ~~subsidiary~~2014. Most of ~~ours~~the ofcosts ~~SOMNUS~~were ~~Healthcare,~~attributable ~~Inc.,~~to aprofessional ~~private~~and ~~company~~contract ~~(SOMNUS)~~services. ~~This~~We ~~proposed~~do ~~acquisition~~not ~~has~~anticipate ~~been~~these ~~abandoned~~professional byfees or contract services to increase significantly in the ~~parties~~future. asHowever ofwe ~~October~~believe 1,that ~~2014~~our selling, ~~with~~general noand ~~continuing~~administrative ~~obligations~~costs bywill ~~either~~increase ~~party~~as we grow our business activities going forward.

We ~~continue~~had ~~to develop~~ a ~~proprietary~~net ~~investment~~loss ~~screening~~of ~~process~~$14,156 tofor ~~make~~the ~~our~~quarter ~~investments. This~~ended ~~screening~~March ~~process~~31, ~~will~~2015, becompared ~~refined~~to as a ~~result~~net ofloss ~~the expanded nature~~ of ~~our~~$8,415 ~~business~~for ~~plan. This process will be based upon~~ the ~~experience~~quarter ofended ~~our~~March ~~management~~31, ~~team and outside consultants~~2014. ~~This process has not been fully developed at this time.~~

We also plan to continue to develop a 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.

For the three months ended September 30, 2014 and 2013 operating expenses were $6,667 and $9,020, respectively. For the nine months ended September 30, 2014 and 2013 operating expenses were $25,478 and $33,691, respectively. The decrease in expenses over the three and nine months ended September 30, 2014 are attributable to professional and contract services. We do not anticipate these professional fees or contract services to increase significantly in the future. However we believe that our selling, general and administrative costs will increase as we grow our business activities going forward.

We had a net loss of $6,666 for the three months ended September 30, 2014, compared to a net loss of $9,020 for the three months ended September 30, 2013. For the nine months ended September 30, 2014 and 2013, we had a net loss of $25,477 and $33,691 respectively.

- 11 -

Liquidity and Capital Resources

Our cash on ~~June~~March 3031, ~~2014~~2015 was $111,~~307~~263.

Cash flows used in operating activities were $3221,~~352~~808 for the ~~nine~~three months ended ~~September~~March 3031, ~~2014~~2015, compared to cash flows used in operating activities of $4317,~~998~~492 for the ~~nine~~three months ended ~~September~~March 3031, ~~2013~~2014.

Net cash used in investing activities was $-0- for the three months ended March 31, 2015 and March 31, 2014.

Cash flows provided by financing activities were $25,000 and $-0- for the three months ended March 31, 2015 and March 31, 2014. On January 28, 2015, we entered into a Promissory Note Agreement with WestMountain Company, a related party, in the amount of $25,000. The note bears an interest rate of 18% per annum until paid in full. Repayment of the loan is due on or before July 28, 2015. As of March 31, 2015, the principal and interest due on the note is $25,777.

Over the next twelve months we do not expect any material capital costs in our operations.

OnBecause ~~May~~most ~~7, 2014, we executed a non-binding term sheet which provided for the acquisition by a wholly-owned subsidiary~~ of ~~ours~~our ofcosts ~~SOMNUS~~are ~~Healthcare,~~fixed ~~Inc.,~~in aamount ~~private~~and ~~company~~are ~~(SOMNUS).~~recurring ~~This~~in ~~proposed~~nature ~~acquisition~~we ~~has~~expect ~~been~~our ~~abandoned~~quarterly byoperating ~~the~~expenses ~~parties~~to asremain ofconsistent ~~October~~throughout ~~1, 2014, with no continuing obligations by either party~~2015.

We ~~continue~~expect to ~~develop~~incur ~~our~~operating ~~business~~losses ~~plan~~in future periods because we will be incurring expenses and not generating sufficient revenues. We expect approximately $40,000 to $60,000 in operating costs for the current year. 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.

~~Because~~- ~~most~~11 ~~of our costs are fixed in amount and are recurring in nature we expect our quarterly operating expenses to remain consistent throughout 2014.~~-

~~Because~~We ~~it appears that we will not acquire SOMNUS, we~~ expect to incur operating losses in future periods because we will be incurring expenses and not generating sufficient revenues. We ~~expect approximately $40,000 to $60,000 in operating costs for the current year without the SOMNUS acquisition. We~~ cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover these operating costs. Currently, ~~Failure~~we believe that we do not have sufficient capital to implement our business operations or to sustain them through December 31, 2015. However, failure to generate sufficient revenues or ~~additional~~sufficient financing when needed could cause us to go out of business.

~~Since~~ On October we17, ~~did not acquire SOMNUS~~2014, we ~~may~~entered ~~choose~~into toa ~~scale~~Promissory ~~back~~Note ~~our~~Agreement ~~operations~~with toWestMountain ~~operate~~Company, ata ~~break-even~~related ~~with~~party, ain ~~smaller~~the ~~level~~amount of ~~business activity~~$25,000. ~~while~~The ~~adjusting~~note ~~our~~bears ~~overhead~~an tointerest ~~meet~~rate ~~the~~of ~~revenue~~18% ~~from~~per ~~current~~annum ~~operations.~~until Inpaid ~~addition,~~in wefull. ~~expect~~Repayment ~~that~~of wethe ~~will~~loan ~~need~~was todue ~~raise~~on ~~additional~~or ~~funds~~before ifApril we16, ~~decide~~2015. toAs ~~pursue~~of ~~more~~March ~~rapid~~31, ~~expansion~~2014, the ~~development~~principal ofand ~~new~~interest ordue ~~enhanced~~on ~~services~~the ornote ~~products~~is $27,047. ~~appropriate~~On ~~responses~~April to18, ~~competitive~~2015 ~~pressures,~~we orcarried over the ~~acquisition~~principal ofand ~~complementary~~total ~~businesses~~interest ordue ~~technologies,~~to ora ifnew wenote. ~~must~~The ~~respond~~new toprincipal ~~unanticipated~~amount ~~events~~is ~~that~~$27,256.16. ~~require~~The usnew tonote ~~make~~carries ~~additional~~an ~~investments.~~interest Werate ~~cannot~~of ~~assure~~18% ~~that~~per ~~additional~~annum ~~financing~~until ~~will~~paid bein ~~available~~full. ~~when~~Repayment ~~needed~~of onthe ~~favorable~~loan ~~terms,~~is due on or atbefore ~~all~~October 18, 2015.

In On ~~any~~January ~~case~~28, 2015, we ~~expect~~entered tointo ~~incur~~a ~~operating~~Promissory ~~losses~~Note inAgreement ~~future~~with ~~periods~~WestMountain ~~because~~Company, wea ~~will~~related beparty, ~~incurring~~in ~~expenses~~the ~~and~~amount ~~not~~of ~~generating~~$25,000. ~~sufficient~~The ~~revenues.~~note Webears ~~cannot~~an ~~guarantee~~interest ~~that~~rate weof ~~will~~18% beper ~~successful~~annum until paid in ~~generating~~full. ~~sufficient~~Repayment ~~revenues~~of the loan is due on or ~~other~~before ~~funds~~July in27, 2015. As of March 31, 2015, the ~~future~~principal toand ~~cover~~accrued ~~these~~interest ~~operating~~due ~~costs~~on the note is $25,777.

~~Subsequent~~ On toMay ~~the~~4, ~~end~~2015, ofwe ~~the~~entered ~~fiscal~~into ~~quarter,~~a Promissory Note Agreement with WestMountain Company, ~~loaned~~a usrelated party, in the amount of $2510,000,. ~~which~~The wenote ~~plan~~bears toan ~~use~~interest torate ~~general~~of ~~operations,~~18% ~~The~~per ~~terms~~annum until paid in full. Repayment of the loan ~~are~~is ~~currently~~due ~~being~~on ~~negotiated~~or ~~and~~before ~~have~~November ~~not~~4, ~~been finalized~~2015.

~~Currently,~~Plan weof ~~believe~~Operation ~~that~~for weJanuary ~~have~~1, ~~sufficient~~2015 ~~capital~~ to ~~implement our business operations or to sustain them through~~ December 31, ~~2014. However, failure to generate sufficient revenues or sufficient financing when needed could cause us to go out of business.~~2015

~~Plan~~Our ofplan ~~Operation~~ for ~~October~~the twelve months beginning January 1, ~~2014~~2015 is to make a profit by December 31, ~~2014~~2015. We plan to earn income by holding distressed real estate properties for resale at a future date when market conditions are more favorable. We will screen investments with emphasis towards finding opportunities with long term potential. Our company has no prior history of operating in the distressed real estate business.

~~Our~~We ~~plan~~act ~~for~~as ~~the~~a ~~three~~holder ~~months~~of ~~beginning~~distressed ~~October~~real 1estate properties by raising, ~~2014~~investing isand tomanaging ~~make~~private aequity ~~profit~~and bydirect ~~December~~investment ~~31,~~funds ~~2014~~for third parties including high net worth individuals and institutions. ~~Historically~~As weis ~~had~~the ~~planned~~industry topractice, we earn management fees based on the size of the funds that we manage and incentive income bybased ~~holding~~on ~~distressed~~the ~~real~~performance ~~estate~~of ~~properties~~these ~~for~~funds. ~~resale~~We atdo anot ~~future~~focus ~~date~~on ~~when~~any particular industry in the real estate market ~~conditions~~but ~~are~~will ~~more~~look ~~favorable~~at any and all opportunities.

We continue to develop our original business plan.

We still plan to act as a holder of distressed real estate properties 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 will not focus on any particular industry in the real estate market but will look at any and all opportunities.

-Additionally, 12we -have decided to pursue finding an acquisition candidate as either an alternative or an adjunct to our present business plan. To date, we have had discussions with potential candidates but have not concluded any definitive arrangements and may never do so. However, for the remainder of the fiscal year, we plan to both actively pursue our business plan and to look for an acquisition candidate.

If we are not successful in our business plan, or in finding an acquisition candidate, 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; or
3.	Bring in additional capital that may result in a change of control.

~~Subsequent~~We tooperate ~~the~~out ~~end~~ of ~~the~~one ~~fiscal~~office ~~quarter,~~in ~~WestMountain~~Colorado. ~~Company~~We ~~loaned~~have usno ~~$25,000,~~specific ~~which~~plans weat ~~plan~~this topoint ~~use~~for toadditional ~~general operations, The terms of the loan are currently being negotiated and have not been finalized~~offices.

Currently, we believe that we have sufficient capital to implement our business operations or to sustain them through December 31, 2014. If we can become profitable, we could operate at our present level indefinitely.

We currently operate out of one office in Colorado at 181 W Boardwalk, Suite 202, Fort Collins, Colorado 80525. Our phone number is (970) 223-4499.

Critical Accounting Policies

In June 2014, the FASB issued ASU No. 2014-10, which amended Accounting Standards Codification (ASC) Topic 915 Development Stage Entities. The amendment eliminates certain financial reporting requirements surrounding development stage entities, including an amendment to the variable interest entities guidance in ASC Topic 810, Consolidation. The amendment removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other entities from U.S. GAAP. Consequently, the amendment eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage.

This amendment is effective for fiscal years beginning after December 15, 2014, and interim periods therein. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued. The Company has made the election to early adopt this amendment effective June 30, 2014 and, as a result, the Company is no longer presenting or disclosing the information previously required under Topic 915. The early adoption was made to reduce data maintenance by removing all incremental financial reporting requirements for development stage entities. The adoption of this amendment alters the disclosure requirements of the Company, but it does not have any material impact on the Company’s financial position or results of operations for the current or any prior reporting periods.

Off-Balance Sheet Arrangements

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

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

None.

- 12 -

ITEM 4. CONTROLS AND PROCEDURES

Not applicable.

ITEM 4T. CONTROLS AND PROCEDURE

As of the end of the period covered by this report, based on an evaluation of our disclosure controls and procedures (as defined in Rules 13a -15(e) and 15(d)-15(e) under the Exchange Act), our Chief Executive Officer and the Chief Financial Officer has concluded that our disclosure controls and procedures are effective.

- 13 -

There were no changes in our internal controls over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

This report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There are no legal proceedings, to which we are a party, which could have a material adverse effect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS

You should carefully consider the risks and uncertainties described below; and all of the other information included in this document. Any of the following risks could materially adversely affect our business, financial condition or operating results and could negatively impact the value of your investment.

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.

We have no substantial 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. Even if we develop revenue, there is no assurance that we will become a profitable company. We may never become profitable, and, as a result, we could go out of business.

Because we had incurred a loss and have limited operations, our accountants have expressed doubts about our ability to continue as a going concern.

For our audit as of December 31, ~~2013~~2014, our accountants have expressed doubt about our ability to continue as a going concern as a result of a limited 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 substantial 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 approximately $40,000 to $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 will cause us to go out of business.

- 13 -

Our lack of substantial 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 operating history. 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.

- 14 -

If we do not generate adequate revenues to finance our operations, our business may fail.

We have not generated revenues since our inception. As of ~~September~~March 3031, ~~2014~~2015, we had a cash position of $111,~~307~~263. We anticipate that operating costs will be approximately $60,000 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 be sufficient to cover operating costs for the foreseeable future, it may be necessary to raise additional funds. Due to our lack of operating history, raising additional funds may be difficult.

Competition in the investment industry is intense.

Our business plan involves acting as an acquirer of real estate 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 81,~~050~~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 our 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. 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 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.

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.

- 1514 -

Difficult market conditions can 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 net asset value of the assets under management to decrease, lowering management fees;

lower investment returns, reducing incentive income;

§ material reductions in the value of our fund investments in portfolio companies which reduce our ‘‘''surplus’’'' and, therefore, our ability to realize incentive income from these investments; and

investor redemptions, resulting in lower fees.

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.

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.

- 16 -

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 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.

- 15 -

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 business involves the acquisition of real estate 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.

Our stock has a limited public trading market and there is no guarantee an active 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:

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 ~~September~~March 3031, ~~2014~~2015, a total of 1,~~655~~840,000, or approximately 92.78%, ~~will~~is 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 the 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 17SEC -rules governing the trading of "Penny Stocks" limit the liquidity of our common stock, which may affect the trading price of our common stock.

~~Applicable~~Our common stock currently trades from time to time and always below $5.00 per share. As a result, our common stock is considered a "penny stock" and is subject to SEC rules ~~governing~~and regulations that impose limitations upon the ~~trading~~manner ofin ~~“Penny~~which ~~Stocks”~~our ~~limit~~shares can be publicly traded. These regulations require the ~~liquidity~~delivery, prior to any transaction involving a penny stock, of ~~our~~a ~~common~~disclosure schedule explaining the penny stock and the associated risks. Under these regulations, ~~which~~certain ~~may~~brokers ~~affect~~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 ~~price~~activity of our common stock and reducing the liquidity of an investment in our common stock.

~~Our~~- ~~common~~16 stock currently trades 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.

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

Our common shares are ~~considered~~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 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 director will not be liable to our company or to our stockholders for monetary damages for all but certain types of conduct as a director. 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 director caused by his negligence, poor judgment or other circumstances. The indemnification provisions may require our company to use our assets to defend our director and officers against claims, including claims arising out of their negligence, poor judgment, or other circumstances.

- 18 -

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.

- 17 -

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

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

None

ITEM 5. OTHER INFORMATION

None

- 1918 -

ITEM 6. EXHIBITS

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

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document*

101.INS		XBRL Instance Document

101SCH		XBRL Taxonomy Extension Schema Document

101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB		XBRL Taxonomy Extension Label Linkbase Document

101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document

* 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.

Reports on Form 8-K

Reports on Form 8-K. No reports were filed under cover of Form 8-K for the fiscal quarter ended ~~September~~March ~~30,~~31. ~~2014~~2015.

- 2019 -

SIGNATURES

Pursuant to the requirements 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 ~~November~~May 1114, ~~2014~~2015.

	WEST MOUNTAIN DISTRESSED DEBT, INC.,

	By:	/s/ Brian L. Klemsz,
		Brian L. Klemsz, President, Chief Executive Officer,Chief Financial Officer and Director (Principal Executive, Accounting and Financial Officer)

- 21 20 -

Filing Compare · WESTMOUNTAIN DISTRESSED DEBT INC