2.4.0.8113 - Disclosure - GOING CONCERNtruefalsefalse1falsefalsefalseeol_PE793818--1310-Q0005_STD_273_20130731_0http://www.sec.gov/CIK0001450708duration2012-11-01T00:00:002013-07-31T00:00:001false4aurm_GoingConcernDisclosureTextBlockaurm_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
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GOING CONCERN</font></div>
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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The
accompanying financial statements have been prepared in conformity
with accounting principles generally accepted in the United States
of America, which contemplate continuation of Aurum as a going
concern. Aurum has incurred net losses since inception and may
continue to incur substantial and increasing losses for the next
several years, all of which raises substantial doubt as to its
ability to continue as a going concern.</font></div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> </div>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In
addition, Aurum is reliant on loans and advances from corporations
affiliated with the President of Aurum. Based on discussions with
these affiliate companies, Aurum believes this source of funding
will continue to be available. Other than the arrangements noted
above, Aurum has not confirmed any other arrangement for ongoing
funding. As a result Aurum may be required to raise funds by
additional debt or equity offerings in order to meet its cash flow
requirements during the forthcoming year.</font></div>
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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The
retained deficit of the Company from inception (September 2008)
through July 31, 2013 amounted to approximately $10
million.</font></div>
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