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<us-gaap:SharesOutstanding contextRef="Context_As_Of_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_StatementEquityComponentsAxis_CommonStockMember" unitRef="shares" decimals="INF">105600000</us-gaap:SharesOutstanding>
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<us-gaap:CashPeriodIncreaseDecrease contextRef="Context_9ME_01_Nov_2012T00_00_00_TO_31_Jul_2013T00_00_00" unitRef="USD" decimals="0">-10480</us-gaap:CashPeriodIncreaseDecrease>
<us-gaap:CashPeriodIncreaseDecrease contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">-10539</us-gaap:CashPeriodIncreaseDecrease>
<us-gaap:Depreciation contextRef="Context_9ME_01_Nov_2012T00_00_00_TO_31_Jul_2013T00_00_00" unitRef="USD" decimals="0">24938</us-gaap:Depreciation>
<us-gaap:Depreciation contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">423</us-gaap:Depreciation>
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<us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">691</us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents>
<us-gaap:ForeignCurrencyTransactionGainLossUnrealized contextRef="Context_9ME_01_Nov_2012T00_00_00_TO_31_Jul_2013T00_00_00" unitRef="USD" decimals="0">894028</us-gaap:ForeignCurrencyTransactionGainLossUnrealized>
<us-gaap:ForeignCurrencyTransactionGainLossUnrealized contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">93181</us-gaap:ForeignCurrencyTransactionGainLossUnrealized>
<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="Context_9ME_01_Nov_2012T00_00_00_TO_31_Jul_2013T00_00_00" unitRef="USD" decimals="0">187015</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">231275</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
<us-gaap:IncreaseDecreaseInPrepaidExpense contextRef="Context_9ME_01_Nov_2012T00_00_00_TO_31_Jul_2013T00_00_00" unitRef="USD" decimals="0">-19535</us-gaap:IncreaseDecreaseInPrepaidExpense>
<us-gaap:IncreaseDecreaseInPrepaidExpense contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">-5595</us-gaap:IncreaseDecreaseInPrepaidExpense>
<us-gaap:IncreaseDecreaseInReceivables contextRef="Context_9ME_01_Nov_2012T00_00_00_TO_31_Jul_2013T00_00_00" unitRef="USD" decimals="0">4993</us-gaap:IncreaseDecreaseInReceivables>
<us-gaap:IncreaseDecreaseInReceivables contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">-72</us-gaap:IncreaseDecreaseInReceivables>
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<us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">241650</us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations>
<us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations contextRef="Context_9ME_01_Nov_2012T00_00_00_TO_31_Jul_2013T00_00_00" unitRef="USD" decimals="0">-1197257</us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations>
<us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">-252880</us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations>
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<us-gaap:ProceedsFromRelatedPartyDebt contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_RelatedPartyTransactionsByRelatedPartyAxis_AxisConsultantsPtyLtdMember" unitRef="USD" decimals="0">93181</us-gaap:ProceedsFromRelatedPartyDebt>
<aurm:AggregatePercentageOwnedByUnrelatedEntity contextRef="Context_As_Of_31_Dec_2010T00_00_00_TO_31_Dec_2010T00_00_00_LegalEntityAxis_CorporateJointVentureMember_MiningProjectAxis_CenturyConcessionMember" unitRef="pure" decimals="2">0.70</aurm:AggregatePercentageOwnedByUnrelatedEntity>

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<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00" unitRef="USD" decimals="0">106032</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00_PropertyPlantAndEquipmentByTypeAxis_OfficeEquipmentMember" unitRef="USD" decimals="0">3830</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00_PropertyPlantAndEquipmentByTypeAxis_ComputerEquipmentMember" unitRef="USD" decimals="0">101552</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00_PropertyPlantAndEquipmentByTypeAxis_FurnitureAndFixturesMember" unitRef="USD" decimals="0">650</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">106455</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_OfficeEquipmentMember" unitRef="USD" decimals="0">3830</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_ComputerEquipmentMember" unitRef="USD" decimals="0">101975</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_FurnitureAndFixturesMember" unitRef="USD" decimals="0">650</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
<us-gaap:PropertyPlantAndEquipmentGross contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00" unitRef="USD" decimals="0">106455</us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00_PropertyPlantAndEquipmentByTypeAxis_OfficeEquipmentMember" unitRef="USD" decimals="0">3830</us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00_PropertyPlantAndEquipmentByTypeAxis_ComputerEquipmentMember" unitRef="USD" decimals="0">101975</us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00_PropertyPlantAndEquipmentByTypeAxis_FurnitureAndFixturesMember" unitRef="USD" decimals="0">650</us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">106455</us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_OfficeEquipmentMember" unitRef="USD" decimals="0">3830</us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_ComputerEquipmentMember" unitRef="USD" decimals="0">101975</us-gaap:PropertyPlantAndEquipmentGross>
<us-gaap:PropertyPlantAndEquipmentGross contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_FurnitureAndFixturesMember" unitRef="USD" decimals="0">650</us-gaap:PropertyPlantAndEquipmentGross>
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<us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_ComputerEquipmentMember_RangeAxis_MaximumMember">P3Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_FurnitureAndFixturesMember_RangeAxis_MaximumMember">P2Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_OfficeEquipmentMember_RangeAxis_MinimumMember">P1Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_ComputerEquipmentMember_RangeAxis_MinimumMember">P1Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PropertyPlantAndEquipmentByTypeAxis_FurnitureAndFixturesMember_RangeAxis_MinimumMember">P1Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>


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<aurm:OperatingLossCarryforwardsExpirationYear contextRef="Context_12ME_01-Nov-2012T00_00_00_TO_31-Oct-2013T00_00_00_IncomeTaxAuthorityAxis_InternalRevenueServiceIRSMember_RangeAxis_MinimumMember">2028</aurm:OperatingLossCarryforwardsExpirationYear>
<us-gaap:StockholdersEquityNoteStockSplitConversionRatio1 contextRef="Context_0ME_01-Sep-2009T00_00_00_TO_29-Sep-2009T00_00_00_StatementEquityComponentsAxis_CommonStockMember" unitRef="pure" decimals="INF">8</us-gaap:StockholdersEquityNoteStockSplitConversionRatio1>
<aurm:StockholdersEquityNoteStockSplitDistributionDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_StatementEquityComponentsAxis_CommonStockMember">October 23, 2009</aurm:StockholdersEquityNoteStockSplitDistributionDate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2010Member_PlanNameAxis_EquityIncentivePlan2010Member">1/3 on December 13, 2010, 1/3 vested on November 17, 2011 and the balance vested on November 17, 2012.</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2011Member_PlanNameAxis_EquityIncentivePlan2010Member">1/3 upon grant date, 1/3 vested on February 1, 2012 and the balance vested on February 1, 2013.</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2010Member_PlanNameAxis_EquityIncentivePlan2010Member">P6Y3M</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2011Member_PlanNameAxis_EquityIncentivePlan2010Member">P3Y6M</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2010Member_PlanNameAxis_EquityIncentivePlan2010Member">2020-11-17</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2011Member_PlanNameAxis_EquityIncentivePlan2010Member">2018-02-01</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2010Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="shares" decimals="INF">2500000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2011Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="shares" decimals="INF">750000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="Context_Custom_01_Dec_2010T00_00_00_TO_13_Dec_2010T00_00_00_AwardDateAxis_GrantsIn2010Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="shares" decimals="INF">2500000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="Context_Custom_01_May_2011T00_00_00_TO_31_May_2011T00_00_00_AwardDateAxis_GrantsIn2011Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="shares" decimals="INF">750000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Context_12ME_01-Nov-2010T00_00_00_TO_31-Oct-2011T00_00_00_AwardDateAxis_GrantsIn2010Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="USD_per_Share" decimals="2">0.81</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Context_12ME_01-Nov-2010T00_00_00_TO_31-Oct-2011T00_00_00_AwardDateAxis_GrantsIn2011Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="USD_per_Share" decimals="2">0.95</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateSixMember" unitRef="USD_per_Share" decimals="2">0.99</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateTwoMember" unitRef="USD_per_Share" decimals="2">0.81</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFourMember" unitRef="USD_per_Share" decimals="2">0.91</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateThreeMember" unitRef="USD_per_Share" decimals="2">0.83</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFiveMember" unitRef="USD_per_Share" decimals="2">0.95</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateOneMember" unitRef="USD_per_Share" decimals="2">0.78</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00_AwardDateAxis_GrantsIn2010Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="shares" decimals="INF">2500000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="Context_As_Of_31_Oct_2013T00_00_00_TO_31_Oct_2013T00_00_00_AwardDateAxis_GrantsIn2011Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="shares" decimals="INF">750000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2010Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="shares" decimals="INF">2500000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2011Member_PlanNameAxis_EquityIncentivePlan2010Member" unitRef="shares" decimals="INF">750000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateSixMember" unitRef="USD_per_Share" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateTwoMember" unitRef="USD_per_Share" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFourMember" unitRef="USD_per_Share" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateThreeMember" unitRef="USD_per_Share" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFiveMember" unitRef="USD_per_Share" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateOneMember" unitRef="USD_per_Share" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateSixMember">P4Y6M</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateTwoMember">P5Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFourMember">P3Y6M</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateThreeMember">P5Y6M</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFiveMember">P4Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateOneMember">P4Y6M</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateSixMember" unitRef="pure" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateTwoMember" unitRef="pure" decimals="2">0.95</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFourMember" unitRef="pure" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateThreeMember" unitRef="pure" decimals="2">0.95</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFiveMember" unitRef="pure" decimals="2">1.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateOneMember" unitRef="pure" decimals="2">0.95</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateSixMember" unitRef="pure" decimals="4">0.0202</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateTwoMember" unitRef="pure" decimals="4">0.0191</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFourMember" unitRef="pure" decimals="4">0.0202</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateThreeMember" unitRef="pure" decimals="4">0.0191</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFiveMember" unitRef="pure" decimals="4">0.0202</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateOneMember" unitRef="pure" decimals="4">0.0191</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateSixMember">2011-05-01</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateTwoMember">2010-12-13</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFourMember">2011-05-01</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateThreeMember">2010-12-13</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFiveMember">2011-05-01</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateOneMember">2010-12-13</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDate>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateSixMember" unitRef="USD_per_Share" decimals="2">1.30</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateTwoMember" unitRef="USD_per_Share" decimals="2">1.10</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFourMember" unitRef="USD_per_Share" decimals="2">1.30</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateThreeMember" unitRef="USD_per_Share" decimals="2">1.10</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateFiveMember" unitRef="USD_per_Share" decimals="2">1.30</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice>
<aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_PlanNameAxis_EquityIncentivePlan2010Member_VestingAxis_OptionVestingDateOneMember" unitRef="USD_per_Share" decimals="2">1.10</aurm:ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateSharePrice>
<us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_EmployeeStockOptionMember" unitRef="shares" decimals="INF">3250000</us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount>
<aurm:ExplorationExpenseFundingCommitmentFundedAmount contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_LegalEntityAxis_CorporateJointVentureMember" unitRef="USD" decimals="-4">4490000</aurm:ExplorationExpenseFundingCommitmentFundedAmount>
<aurm:ExplorationExpenseFundingCommitmentUnfundedAmount contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00_LegalEntityAxis_CorporateJointVentureMember_MiningProjectAxis_CenturyConcessionMember" unitRef="USD" decimals="-4">2010000</aurm:ExplorationExpenseFundingCommitmentUnfundedAmount>
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&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;RECENT ACCOUNTING PRONOUNCEMENTS&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company has implemented all new accounting pronouncements that are in effect and applicable to the Company. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;In June 2014, the Financial Accounting Standards Board (&amp;#8220;FASB&amp;#8221;) issued ASU No. 2014-10, &amp;#8220;Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation&amp;#8221;. The Company adopted the amendment to (Topic 915) Development Stage Entities, for the elimination of certain disclosures currently required under US GAAP in the financial statements for development stage entities. The amendment removes the definition of a development stage entity, thereby removing the financial reporting distinction between the development stage entities and reporting entities from US GAAP. The Company has eliminated the inception-to-date information in the statements of operations, cash flows, and stockholders&amp;#8217; equity (deficit). The financial statements are no longer labelled as an exploration or development stage entity, and no disclosure is required for a description of the development stage activities the entity is engaged or when they are no longer a development stage entity. This update also eliminates an exception provided to development stage entities in FASC Topic 810, Consolidation, for determining whether an entity is a Variable Interest Entity (VIE) based on the amount of equity at risk.&lt;/font&gt;&lt;/div&gt;</us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock>
<us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(3)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;PROPERTY AND EQUIPMENT&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Property and equipment is stated at cost. The Company records depreciation and amortization, when appropriate, using the straight-line method over the estimated useful lives of the assets. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property&amp;#8217;s useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income (loss).&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="left" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="padding-bottom: 2px; border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2px; border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2px; border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="10"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;At July 31, 2014&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="10"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;At October 31, 2013&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-bottom: 2px; border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; text-indent: 0pt; padding-bottom: 2px; margin-right: 0pt; margin-left: 0pt; border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Depreciable&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Life&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;(in years)&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left;
 text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Cost&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Accumulated&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Depreciation&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Net&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Book&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Value&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Cost&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Accumulated&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Depreciation&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom"
 nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Net&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Book&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Value&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" valign="bottom" width="23%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Office Equipment&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center;" valign="bottom" width="1%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1-2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;3,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(3,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;3,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(3,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman';
 font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" valign="bottom" width="23%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Computer Equipment&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center;" valign="bottom" width="1%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1-3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;101,975&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(101,975&lt;/font&gt;&lt;/td&gt;
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&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;101,975&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(101,552&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;423&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" style="padding-bottom: 2px;" valign="bottom" width="23%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Furniture&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 2px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size:
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&lt;td style="text-align: center; padding-bottom: 2px;" valign="bottom" width="1%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1-2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;650&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(650&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(650&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
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&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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 valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
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&lt;td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;106,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(106,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;106,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new
 roman,times;" size="2"&gt;(106,032&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;423&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The depreciation expense for the nine months ended July 31, 2014 amounted to $423 and for the nine months ended July 31, 2013 amounted to $24,938. At July 31, 2014 the Company&amp;#8217;s property and equipment is fully depreciated.&lt;/font&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
<us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="left" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="padding-bottom: 2px; border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2px; border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2px; border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="10"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;At July 31, 2014&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="10"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;At October 31, 2013&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-bottom: 2px; border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; text-indent: 0pt; padding-bottom: 2px; margin-right: 0pt; margin-left: 0pt; border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Depreciable&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Life&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;(in years)&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Cost&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Accumulated&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ;
 font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Depreciation&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Net&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Book&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Value&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Cost&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Accumulated&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Depreciation&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom-width: 4px;" valign="bottom" colspan="2"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Net&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Book&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;Value&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; text-decoration: underline; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="display: inline;"&gt;$&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-width: 4px;" valign="bottom" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" valign="bottom" width="23%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"
 size="2"&gt;Office Equipment&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center;" valign="bottom" width="1%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1-2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;3,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(3,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;3,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(3,830&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" valign="bottom" width="23%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Computer Equipment&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center;" valign="bottom" width="1%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1-3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ;
 font-family: times new roman,times;" size="2"&gt;101,975&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(101,975&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;101,975&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(101,552&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;423&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" style="padding-bottom: 2px;" valign="bottom" width="23%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Furniture&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="padding-bottom: 2px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; padding-bottom: 2px;" valign="bottom" width="1%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1-2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;650&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman';
 font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(650&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;650&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(650&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="padding-bottom: 2px;" valign="bottom" width="23%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="padding-bottom: 2px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;
 border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;106,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(106,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;106,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(106,032&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="8%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;423&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentTextBlock>
<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline;"&gt;(4)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline;"&gt;AFFILIATE TRANSACTIONS&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline;"&gt;The Company entered into an agreement with AXIS Consultants Pty Ltd (&amp;#8220;AXIS&amp;#8221;) to provide management and administration services to the Company. AXIS is affiliated through common management. The Company is one of nine affiliated companies to which AXIS provides services. Each of the companies has some common Directors, officers and shareholders. Currently, there are no material arrangements or planned transactions between the Company and any of the affiliated companies other than AXIS.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline;"&gt;During the nine months ended nine July 31, 2014, AXIS provided services in accordance with the services agreement, incurred direct costs on behalf of the Company and provided funding of $241,650. During the nine months ended July 31, 2014, the foreign exchange effect on the amounts owed to affiliates was a gain of $93,181. The amounts owed to affiliates as of July 31, 2014 and October 31, 2013 is $7,707,480 and $7,558,320, respectively, and are reflected in non-current liabilities - advances from affiliates. Included in these amounts is $232,500 respectively being funds advanced by the Manager of the Laos operations. During the nine months ended July 31, 2014 and 2013, the affiliates have agreed not to charge interest.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline;"&gt;The Company intends to repay these amounts with funds raised either via additional debt or equity offerings. Both affiliates have agreed not to call the advance within the next twelve months and accordingly the Company has classified the amounts payable as non-current in the accompanying balance sheet.&lt;/font&gt;&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
<aurm:GoingConcernDisclosureTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(5)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;GOING CONCERN&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;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.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;In addition, Aurum is reliant on loans and advances from corporations affiliated with the Company. Based on discussions with these affiliate companies, the Company believes this source of funding will continue to be available. Other than the arrangements noted above, the Company has not confirmed any other arrangement for ongoing funding. As a result the Company may be required to raise funds by additional debt or equity offerings in order to meet its cash flow requirements during the forthcoming year. However, there can be no assurance that the Company&amp;#8217;s fund raising efforts will be successful.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;As set out in Notes to Financial Statements &amp;#8211; Affiliate Transactions, the Company is managed by AXIS.&amp;#160;&amp;#160;Certain costs and expenses are incurred by the Company and certain costs and expenses are incurred by AXIS on behalf of the Company and billed to the Company by AXIS.&amp;#160;&amp;#160;The total amount of expenses billed to the Company by AXIS for the nine months ended July 31, 2014 was $241,650 (2013: $1,190,586).&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;
&lt;div align="justify" style="text-indent: 36pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: times new roman; font-size: 10pt; display: inline;"&gt;The retained deficit of the Company at July 31, 2014 amounted to approximately $11.1 million.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</aurm:GoingConcernDisclosureTextBlock>
<us-gaap:IncomeTaxDisclosureTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(6)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;INCOME TAXES&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Aurum files its income tax returns on an accrual basis.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company follows the accounting requirements associated with uncertainty in income taxes using the provisions of FASB ASC 740, Income Taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of July 31, 2014, the Company has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company is required to file tax returns in the United States and a summary of the deferred tax asset at October 31, 2013 is as follows:.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="left" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table style="width: 70%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td valign="bottom" width="72%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="11%" colspan="2"&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;USA&lt;/font&gt;&lt;/div&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2013&lt;/font&gt;&lt;/div&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="11%" colspan="2"&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Total&lt;/font&gt;&lt;/div&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2013&lt;/font&gt;&lt;/div&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"
 size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" valign="bottom" width="72%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Deferred tax assets&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td valign="bottom" width="72%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" valign="bottom" width="72%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Net operating loss carry-forward&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;659,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;659,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" style="padding-bottom: 2px;" valign="bottom" width="72%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Less valuation allowance&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(659,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom"
 width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(659,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" style="padding-bottom: 4px;" valign="bottom" width="72%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Net deferred taxes&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company has available net operating loss carry forwards as of October 31, 2013, which are subject to limitations, aggregating approximately $1,938,900 which would expire in years 2028 through 2033.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company&amp;#8217;s tax returns for all years since fiscal 2010 remain open to examination by the respective tax authorities.&amp;#160;&amp;#160;There are currently no tax examinations in progress.&lt;/font&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
<us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="left" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table style="width: 70%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td valign="bottom" width="72%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="11%" colspan="2"&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;USA&lt;/font&gt;&lt;/div&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2013&lt;/font&gt;&lt;/div&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="11%" colspan="2"&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Total&lt;/font&gt;&lt;/div&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2013&lt;/font&gt;&lt;/div&gt;
&lt;div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;$&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" valign="bottom" width="72%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Deferred tax assets&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td valign="bottom" width="72%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%" colspan="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" valign="bottom" width="72%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Net operating loss carry-forward&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;659,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;"
 valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;659,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" style="padding-bottom: 2px;" valign="bottom" width="72%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Less valuation allowance&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(659,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(659,242&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td align="left" style="padding-bottom: 4px;" valign="bottom" width="72%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Net deferred taxes&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td align="right" style="border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="10%"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(7)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;STOCKHOLDERS&amp;#8217; EQUITY&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;In September 2008, 96,000,000 shares of common stock were issued to the Company&amp;#8217;s founder raising $9,000.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;In March 2009, the Company raised $12,000 in a registered public offering of 9,600,000 shares of common stock share pursuant to a prospectus dated January 30, 2009.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;On September 29, 2009 the Company&amp;#8217;s Board of Directors declared an 8-for-1 stock split in the form of a stock dividend that was payable in October 2009 to stockholders of record as of October 23, 2009. The Company has accounted for this bonus issue as a stock split and accordingly, all share and per share data has been retroactively restated.&lt;/font&gt;&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
<us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 30pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(8)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="justify"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;ISSUE OF OPTIONS UNDER EQUITY INCENTIVE PLAN&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 18pt;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;
&lt;div style="text-align: right; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline;"&gt;(i)&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 18pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="justify"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Effective December 13, 2010, the Company issued 2,500,000 options over shares of Common Stock to employees under the 2010 Equity Incentive Plan that has been adopted by the Directors of the Company. The options vested 1/3 on December 13, 2010, 1/3 vested on November 17, 2011 and the balance vested on November 17, 2012. The exercise price of the options is US$1.00 and the latest exercise date for the options is November 17, 2020.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 36pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company has accounted for all options issued based upon their fair value using the Binomial pricing model.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 36pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;An external consultant has calculated the fair value of the 2,500,000 options using the Binomial valuation method using the following inputs:&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="left" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-left: 36pt; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table style="width: 80%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="height: 30pt;"&gt;
&lt;td align="left" style="border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="31%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Grant date&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: center; border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Dec 13, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: center; border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Dec 13, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border: 2px solid black; text-align:
 center;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Dec 13, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Grant date share price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.10&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.10&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.10&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Vesting date&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Dec 13, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Nov 17, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Nov 17, 2012&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Expected life in years&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;4.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;5.0&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;5.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Risk-free rate&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1.91%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td
 style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1.91%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1.91%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Volatility&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;95%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;95%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;95%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Exercise price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Call option value&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.78&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.81&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.83&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font:
 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 36pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;At October 31, 2013 and July 31, 2014, there are 2,500,000 options outstanding with an option price per share and weighted average exercise price of US$1.00.&amp;#160;&amp;#160;The exercise price is US$1.00 per option. The weighted average per option fair value of options granted during fiscal 2011 was US$0.81 and the weighted average remaining contractual life of those options at July 31, 2014 is 6&lt;font style="font-size: 9.09px; vertical-align: text-top; display: inline;"&gt;1&lt;/font&gt;/&lt;font style="font-size: 9.09px; vertical-align: sub; display: inline;"&gt;4&lt;/font&gt;&amp;#160;years. At July 31, 2014 there are 2,500,000 options exercisable.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 18pt;"&gt;
&lt;div&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 18pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;(ii)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="justify"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;In May 2011, the Company issued 750,000 options over shares of Common Stock to employees under the 2010 Equity Incentive Plan that has been adopted by the Directors of the Company. The options vested 1/3 upon grant date, 1/3 vested on February 1, 2012 and the balance vested on February 1, 2013. The exercise price of the options is US$1.00 and the latest exercise date for the options is February 1, 2018.&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 36pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company has accounted for all options issued based upon their fair value using the Binomial pricing model.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 36pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;An external consultant has calculated the fair value of the 750,000 options using the Binomial valuation method using the following inputs:&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="left" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-left: 36pt; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table style="width: 80%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="height: 30pt;"&gt;
&lt;td align="left" style="border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="31%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Grant date&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: center; border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;May 1, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: center; border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;May 1, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border: 2px solid black; text-align: center;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family:
 times new roman,times;" size="2"&gt;May 1, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Grant date share price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.30&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.30&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.30&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Vesting date&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;May 1, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Feb 1, 2012&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Feb 1, 2013&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Expected life in years&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;3.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;4.0&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;4.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Risk-free rate&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2.02%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt;
 margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2.02%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2.02%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Volatility&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;100%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;100%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;100%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Exercise price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Call option value&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.91&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.95&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.99&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 36pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width:
 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;At October 31, 2013 and July 31, 2014, there are 750,000 options outstanding with an option price per share and weighted average exercise price of US$1.00.&amp;#160;&amp;#160;The exercise price is US$1.00 per option. The weighted average per option fair value of options granted during fiscal 2011 was US$0.95 and the weighted average remaining contractual life of those options at July 31, 2014 is 3&lt;font style="font-size: 9.09px; vertical-align: text-top; display: inline;"&gt;1&lt;/font&gt;/&lt;font style="font-size: 9.09px; vertical-align: sub; display: inline;"&gt;2&lt;/font&gt;&amp;#160;years. At July 31, 2014 there are 750,000 options exercisable.&lt;/font&gt;&lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
<us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2011Member">&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 36pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="left" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-left: 36pt; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table style="width: 80%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="height: 30pt;"&gt;
&lt;td align="left" style="border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="31%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Grant date&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: center; border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;May 1, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: center; border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;May 1, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border: 2px solid black; text-align: center;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;May 1, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Grant date share price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.30&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.30&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.30&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Vesting date&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;May 1, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Feb 1, 2012&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Feb 1, 2013&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Expected life in
 years&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;3.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;4.0&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;4.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Risk-free rate&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2.02%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2.02%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;2.02%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Volatility&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;100%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;100%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;100%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Exercise price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt;
 display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Call option value&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.91&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.95&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.99&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;</us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock>
<us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00_AwardDateAxis_GrantsIn2010Member">&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 36pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="left" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-left: 36pt; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table style="width: 80%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="height: 30pt;"&gt;
&lt;td align="left" style="border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="31%"&gt;
&lt;div align="left" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Grant date&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: center; border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Dec 13, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="text-align: center; border-top-color: black; border-bottom-color: black; border-left-color: black; border-top-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Dec 13, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border: 2px solid black; text-align: center;" valign="middle" width="23%"&gt;
&lt;div style="text-align: center; text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Dec 13, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Grant date share price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.10&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.10&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.10&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Vesting date&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Dec 13, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Nov 17, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Nov 17, 2012&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;"
 valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Expected life in years&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;4.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;5.0&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;5.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Risk-free rate&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1.91%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1.91%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;1.91%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Volatility&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;95%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;95%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;95%&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Exercise price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color:
 black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$1.00&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="31%"&gt;
&lt;div align="justify" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;&amp;#160; Call option value&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.78&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-bottom-color: black; border-left-color: black; border-bottom-width: 2px; border-left-width: 2px; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.81&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="border-right-color: black; border-bottom-color: black; border-left-color: black; border-right-width: 2px; border-bottom-width: 2px; border-left-width: 2px; border-right-style: solid; border-bottom-style: solid; border-left-style: solid;" valign="top" width="23%"&gt;
&lt;div align="center" style="text-indent: 0pt; margin-right: -2.6pt; margin-left: 0pt; display: block;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;US$0.83&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;</us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock>
<us-gaap:FairValueDisclosuresTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(9)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;FAIR VALUE OF FINANCIAL INSTRUMENTS&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company&amp;#8217;s financial instruments consist of cash, receivables, accounts payable, accrued expenses and advances from affiliates. The carrying amounts of cash, receivables, accounts payables and accrued expenses approximates their fair values because of the short term maturities of those instruments.&amp;#160;&amp;#160;The fair value of the advances from affiliate is not determinable as it is due to an affiliated entity, no market exists for similar instruments and settlement date is uncertain.&lt;/font&gt;&lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
<us-gaap:EarningsPerShareTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(10)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;NET LOSS PER SHARE&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Basic income (loss) per share is computed by dividing net profit (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is similarly calculated using the treasury stock method except that the denominator is increased to reflect the potential dilution that would occur if dilutive securities at the end of the applicable period were exercised. Options to acquire 3,250,000 shares of common stock were not included in the diluted weighted average shares outstanding as such effects would be anti-dilutive.&lt;/font&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
<us-gaap:CashAndCashEquivalentsDisclosureTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(11)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;CASH&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company maintains cash deposits with financial institutions in Australia and in Laos (USD).&amp;#160;&amp;#160;Cash deposits maintained in Australian dollars are translated into US dollars at the period end exchange rate with the related adjustment recognized in statements of operations.&lt;/font&gt;&lt;/div&gt;</us-gaap:CashAndCashEquivalentsDisclosureTextBlock>
<us-gaap:CommitmentsDisclosureTextBlock contextRef="Context_9ME_01_Nov_2013T00_00_00_TO_31_Jul_2014T00_00_00">&lt;div style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;
&lt;table align="center" style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr valign="top"&gt;
&lt;td style="width: 36pt;"&gt;
&lt;div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;(12)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;COMMITMENTS&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Pursuant to the Century Thrust Joint Venture Agreement (Joint Venture), the Company may fund up to $6.5 million in exploration&lt;font style="font-weight: bold; display: inline;"&gt;&amp;#160;&lt;/font&gt;expenditure, of which $4.49 million has already been funded, in order to acquire a 51% beneficial interest in the Joint Venture. Should Aurum wish to execute its rights under the agreement, it may be required to expend an additional $2.01 million through December 2015 on the Century Thrust Concession (see note 1). All such exploration costs are being expensed as incurred.&lt;/font&gt;&lt;/div&gt;</us-gaap:CommitmentsDisclosureTextBlock>
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&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;SUBSEQUENT EVENTS&lt;/font&gt;&lt;/div&gt;
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&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The Company has evaluated events and transactions after the balance sheet date and through the date the financial statements were issued, and believes that all relevant disclosures have been included herein and there are no other events which require recognition or disclosure in the accompanying interim financial statements.&lt;/font&gt;&lt;/div&gt;</us-gaap:SubsequentEventsTextBlock>
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<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="Context_As_Of_31_Jul_2014T00_00_00_TO_31_Jul_2014T00_00_00" unitRef="USD" decimals="0">-11067229</us-gaap:RetainedEarningsAccumulatedDeficit>

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&lt;div align="left"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; font-weight: bold; display: inline; ; font-family: times new roman,times;" size="2"&gt;ORGANIZATION AND BUSINESS&lt;/font&gt;&lt;/div&gt;
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&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Aurum, Inc. ("Aurum&amp;#8221; or the &amp;#8220;Company") is a Delaware corporation, originally incorporated in Florida as Liquid Financial Engines, Inc. The principal stockholder of Aurum is Golden Target Pty Ltd., an Australian corporation (&amp;#8220;Golden&amp;#8221;), which owned 96.21% of Aurum as of July 31, 2014.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;On January 20, 2010, the Company re-incorporated in the state of Delaware (the &amp;#8220;Reincorporation&amp;#8221;) through a merger involving Liquid Financial Engines, Inc. (&amp;#8220;Liquid&amp;#8221;) and Aurum, Inc., a Delaware Corporation that was a wholly owned subsidiary of Liquid. The Reincorporation was effected by merging Liquid with Aurum, with Aurum being the surviving entity. For financial reporting purposes Aurum is deemed a successor to Liquid.&lt;/font&gt;&lt;/div&gt;
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&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;In July 2009, Golden acquired a 96% interest in Aurum from certain stockholders. In connection therewith, the Company appointed a new President/Chief Executive Officer and Chief Financial Officer/Secretary and a new sole Director. The sole director and stockholder of Golden is also the President of the Company.&lt;/font&gt;&lt;/div&gt;
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&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;Commencing August 2009, the Company decided to focus on mineral exploration for gold and copper in the Lao Peoples Democratic Republic (Lao P.D.R or Laos). The Company is considered to be in the exploration stage.&lt;/font&gt;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&amp;#160;&lt;/div&gt;
&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;In December 2010, the Company executed a Management and Shareholders Agreement with Argonaut Overseas Investments Ltd (&amp;#8220;AOI&amp;#8221;), an indirectly wholly owned Subsidiary of Argonaut Resources N.L., in respect to Argonaut&amp;#8217;s 70% held Century Concession in Laos.&lt;/font&gt;&lt;/div&gt;
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&lt;div align="justify" style="font: 13.63px/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; margin-right: 0pt; margin-left: 0pt; word-spacing: 0px; display: block; white-space: normal; -webkit-text-stroke-width: 0px;"&gt;&lt;font style="font-family: 'times new roman'; font-size: 10pt; display: inline; ; font-family: times new roman,times;" size="2"&gt;The agreement appoints Aurum as the manager of the Century Thrust Joint Venture Agreement (&amp;#8220;Joint Venture&amp;#8221;) and gives the Company the right to earn 72.86% of AOI&amp;#8217;s interest in the Joint Venture which is equivalent to a 51% beneficial interest in the Century Concession. In order to acquire this interest, Aurum may be required to spend US$6.5
 million on exploration within the five year period ending December 10, 2015.&lt;/font&gt;&lt;/div&gt;
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