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<div><div><table id="z0a18e36d1ae542749d673f50c3b5b358" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 36pt; vertical-align: top"><div style="text-align: left; font: bold 10pt '">(10)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: left; font: bold 10pt '">SUBSEQUENT EVENTS</div></td></tr></table></div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000"> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">The Company has evaluated significant events and transactions subsequent to the balance sheet date through the date the consolidated financial statements were issued and believes that all relevant disclosures have been included herein and there are no other events or transactions which would require recognition or disclosure in the accompanying consolidated financial statements.</div><div> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">In July 2015, the Company issued 30,000,000 shares of common stock to AXIS Consultants Pty Ltd as repayment of a debt of $5,057,776.</div><div> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">On April 1, 2016 the Company announced that it had entered into an agreement with an Israeli company, PayItSimple Ltd and its subsidiaries (PayItSimple) whereby the Company would invest $15 million directly into PayItSimple by September 5, 2016 to acquire a 30% interest in PayItSimple, and a further $7.5 million into PayItSimple over 18 months to acquire a further 10% interest in PayItSimple, taking its holding to 40% of interest in PayItSimple.  PayItSimple owns a business known as Splitit. On April 6, 2016 the Company terminated the proposed acquisition of PayItsimple.</div><div> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">On June 27, 2016 the Company announced that it had entered into a binding term sheet with the shareholders of an Israeli company, Humavox Ltd (Humavox), a company that creates wireless charging solutions. In accordance with the proposed acquisition of Humavox, Aurum would acquire 100% of the shares of Humavox and 100% of the warrants and options to acquire shares of Humavox in exchange for the issue of shares of common stock of Aurum representing 50% of the shares of common stock of Aurum post issue on a fully-diluted basis, including the investment of an amount of US$16 million in Humavox.  The investment would take place in unconditional instalments over a period of 24 months following the closing. The closing of the merger was subject to certain closing conditions, including the investment in Humavox of the first instalment of the investment in the amount of $5.5 million. On July 29, 2016 the Company terminated the proposed acquisition of Humavox.</div><div> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">In April 2016, the Company raised $38,329 through the private placement of 250,000 shares of common stock.</div><div> </div><div style="text-align: justify; text-indent: 72pt; font: 10pt '">On July 19, 2017, the Company entered into a Term Sheet with Lior Wayn, Erez Glazer and Dr Guy Shalom, (collectively, the ‘’Sellers”)  for the acquisition of all of the issued shares of a medical technology business. The Company has a 120 day period to conduct due diligence and negotiate a formal share sale agreement.</div><div style="text-align: left; text-indent: 72pt; font: 10pt '"><br /><font style="font: 10pt '"><br /></font><font id="TRGRRTFtoHTMLTab" style="font-size: 5.14pt">            </font>The purchase price is up to USD$7,500,000 which is to be satisfied as follows:</div><div><br /></div><div><table id="z4fa5be3835d840a69bfb8d3b0b794bcd" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 72pt; vertical-align: top"><div style="text-align: left; font: 10pt ' margin-left: 54pt">a)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: justify; font: 10pt '">The sum of USD$100,000 payable to the Sellers for due diligence expenses, 30 business days from the execution of the Term Sheet;</div></td></tr></table></div><div><br /></div><div><table id="z386943210bf04db3b171b386094122ac" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 72pt; vertical-align: top"><div style="text-align: left; font: 10pt ' margin-left: 54pt">b)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: justify; font: 10pt '"> A further USD$100,000 each month after the date in a) above for due diligence expenses, for 3 months,  payable to the Sellers for working capital purposes;</div></td></tr></table></div><div><br /></div><div><table id="zb3a9b4d4fffd4beca36aaaae34c5f6d3" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 72pt; vertical-align: top"><div style="text-align: left; font: 10pt ' margin-left: 54pt">c)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: justify; font: 10pt '">An issue of fully paid ordinary shares of common stock of the Company to the value of USD$2,500,000 (less any payments made to the Sellers under (a) and (b) above) to the Sellers at an issue price of USD$0.22 per share of common stock (Consideration Shares);</div></td></tr></table></div><div> </div><div><br /></div>
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width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"><div style="text-align: right; font: 10pt '">Total</div><div style="text-align: right; font: 10pt '">$</div></td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr><tr><td style="width: 70%; vertical-align: top; vertical-align: bottom"><div style="text-align: left; font: 10pt '">Deferred tax assets</div></td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"> </td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"> </td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr><tr><td style="width: 70%; vertical-align: top; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"> </td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"> </td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr><tr><td style="width: 70%; vertical-align: top; vertical-align: bottom"><div style="text-align: left; font: 10pt '">Net operating loss carry-forward</div></td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">827,643</div></td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">827,643</div></td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr><tr><td style="padding-bottom: 2px; width: 70%; vertical-align: top; vertical-align: bottom"><div style="text-align: left; font: 10pt '">Less valuation allowance</div></td><td style="padding-bottom: 2px; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 2px solid; text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">(827,643</div></td><td nowrap="nowrap" style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">)</div></td><td style="border-bottom: #000000 2px solid; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 2px solid; text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">(827,643</div></td><td nowrap="nowrap" style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">)</div></td></tr><tr><td style="padding-bottom: 4px; width: 70%; vertical-align: top; vertical-align: bottom"><div style="text-align: left; font: 10pt '">Net deferred taxes</div></td><td style="padding-bottom: 4px; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">-</div></td><td nowrap="nowrap" style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">-</div></td><td nowrap="nowrap" style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr></table><div style="clear: both"><br /></div><div> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">The Company has available net operating loss carry forwards as of January 31, 2015, which are subject to limitations, aggregating approximately $2,364,000 which would expire in years 2028 through 2033.</div><div> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">The Company’s tax returns for all years since fiscal 2012 remain open to examination by the respective tax authorities.  There are currently no tax examinations in progress.</div></div>
<div><div><table id="z1c44252a09504d588b418cc3be90bbca" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 28.5pt; vertical-align: top"><div style="text-align: left; font: bold 10pt ' color: #000000">(7)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: justify; font: bold 10pt ' color: #000000">ISSUE OF OPTIONS UNDER EQUITY INCENTIVE PLAN</div></td></tr></table></div><div> </div><div><table id="z0da9a5f16e814846bb0609b0aa055007" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 36pt; vertical-align: top"><div style="text-align: left; font: 10pt ' color: #000000; margin-left: 18pt">(i)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">In December 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.</div></td></tr></table></div><div style="text-align: justify; font: 10pt ' color: #000000; margin-left: 36pt"> </div><div style="text-align: justify; font: 10pt ' color: #000000; margin-left: 36pt">The Company has accounted for all options issued based upon their fair value using the Binomial pricing model.</div><div> </div><div style="text-align: justify; font: 10pt ' color: #000000; margin-left: 36pt">An external consultant has calculated the fair value of the 2,500,000 options using the Binomial valuation method using the following inputs:</div><div> </div><table id="zf0538adf00644885a50844b987a03b6b" border="0" cellspacing="0" cellpadding="0" align="center" style="width: 90%; border-collapse: collapse; font: 10pt '"><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Grant date</div><div> </div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Dec 13, </div><div style="text-align: center; font: 10pt ' color: #000000">2010</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Dec 13, </div><div style="text-align: center; font: 10pt ' color: #000000">2010</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Dec 13, </div><div style="text-align: center; font: 10pt ' color: #000000">2010</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Grant date share price</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.10</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.10</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.10</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Vesting date</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Dec 13, 2010</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Nov 17, 2011</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Nov 17, 2012</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Expected life in years</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">4.5</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">5.0</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">5.5</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Risk-free rate</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">1.91%</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">1.91%</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">1.91%</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Volatility</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">95%</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">95%</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">95%</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Exercise price</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.00</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.00</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.00</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Call option value</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$0.78</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$0.81</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$0.83</div></td></tr></table><div><br /></div><div> </div><div style="text-align: justify; font: 10pt ' color: #000000; margin-left: 36pt">At October 31, 2014 and January 31, 2015, there are 2,500,000 options outstanding with an option price per share and weighted average exercise price of US$1.00.  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 January 31, 2015 is 5 years. At January 31, 2015 there are 2,500,000 options exercisable.</div><div> </div><div style="text-align: justify; text-indent: 0.55pt; font: 10pt ' color: #000000; margin-left: 35.45pt">As a result of the termination of the employee holding the options, the employee had a period of 90 days from the date of termination to exercise the options. The holder did not exercise the options therefore the options expired in May 2015.</div><div> </div><div><table id="zbdabab90d699456bbed4ab64e54d38b9" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 36pt; vertical-align: top"><div style="text-align: left; font: 10pt ' color: #000000; margin-left: 18pt">(ii)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">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.</div></td></tr></table></div><div style="text-align: justify; font: 10pt ' color: #000000; margin-left: 36pt"> </div><div style="text-align: justify; font: 10pt ' color: #000000; margin-left: 36pt">The Company has accounted for all options issued based upon their fair value using the Binomial pricing model.</div><div> </div><div style="text-align: justify; text-indent: 0.55pt; font: 10pt ' color: #000000; margin-left: 35.45pt">As a result of the termination of the employee holding the options, the employee had a period of 90 days from the date of termination to exercise the options. The holder did not exercise the options therefore the options have expired in April 2014.</div></div>
<div><div><table id="z4a6cb133ab8c4d91b9ea84614fb26821" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 36pt; vertical-align: top"><div style="text-align: left; font: bold 10pt '">(8)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: left; font: bold 10pt '">FAIR VALUE OF FINANCIAL INSTRUMENTS</div></td></tr></table></div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000"> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">The Company’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. The fair value of advances from affiliates is not readily determinable as it is due to an affiliate entity, no similar market exists for these instruments and settlement date is uncertain.</div></div>
<div><div><table id="z379e67066385494c8001e3c54aca86df" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 36pt; vertical-align: top"><div style="text-align: left; font: bold 10pt '">(9)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: left; font: bold 10pt '">INCOME/(LOSS) PER SHARE</div></td></tr></table></div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000"> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">The Company calculates income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share”. Basic income/(loss) per share is computed based on the weighted average number of common shaes outstanding during the period.</div><div> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">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.</div></div>
<div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">The Company’s net deferred taxes at January 31, 2015 is summarized as follows:</div><div> </div><table id="z29c3e53656e74da09b5d571f78c3fdfb" border="0" cellspacing="0" cellpadding="0" align="left" style="width: 70%; font: 10pt '"><tr><td style="width: 70%; vertical-align: top; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"><div style="text-align: right; font: 10pt '">USA</div><div style="text-align: right; font: 10pt '">$</div></td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"><div style="text-align: right; font: 10pt '">Total</div><div style="text-align: right; font: 10pt '">$</div></td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr><tr><td style="width: 70%; vertical-align: top; vertical-align: bottom"><div style="text-align: left; font: 10pt '">Deferred tax assets</div></td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"> </td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"> </td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr><tr><td style="width: 70%; vertical-align: top; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"> </td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td colspan="2" style="vertical-align: top; vertical-align: bottom"> </td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr><tr><td style="width: 70%; vertical-align: top; vertical-align: bottom"><div style="text-align: left; font: 10pt '">Net operating loss carry-forward</div></td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">827,643</div></td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">827,643</div></td><td nowrap="nowrap" style="text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr><tr><td style="padding-bottom: 2px; width: 70%; vertical-align: top; vertical-align: bottom"><div style="text-align: left; font: 10pt '">Less valuation allowance</div></td><td style="padding-bottom: 2px; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 2px solid; text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">(827,643</div></td><td nowrap="nowrap" style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">)</div></td><td style="border-bottom: #000000 2px solid; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 2px solid; text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">(827,643</div></td><td nowrap="nowrap" style="border-bottom: #000000 2px solid; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">)</div></td></tr><tr><td style="padding-bottom: 4px; width: 70%; vertical-align: top; vertical-align: bottom"><div style="text-align: left; font: 10pt '">Net deferred taxes</div></td><td style="padding-bottom: 4px; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">-</div></td><td nowrap="nowrap" style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td><td style="border-bottom: #000000 4px double; text-align: right; width: 12%; vertical-align: bottom; vertical-align: bottom"><div style="font: 10pt '">-</div></td><td nowrap="nowrap" style="border-bottom: #000000 4px double; text-align: left; width: 1%; vertical-align: bottom; vertical-align: bottom"> </td></tr></table></div>
0.9621
0.96
1.00
1.00
0.70
0.7286
0.51
-9461028
-10253498
14894
818064
92405
2364000
2028-01-31
2033-01-31
827643
827643
827643
827643
96000000
9600000
250000
250000
9000
12000
2500000
750000
1/3 on December 13, 2010, 1/3 vested on November 17, 2011 and the balance vested on November 17, 2012.
The options vested 1/3 upon grant date, 1/3 vested on February 1, 2012 and the balance vested on February 1, 2013
2020-11-17
2018-02-01
0.81
0.81
0.83
0.78
2500000
2500000
2500000
2010-12-13
2010-12-13
2010-12-13
1.10
1.10
1.10
2011-11-17
2012-11-17
2010-12-13
P5Y
P5Y6M
P4Y6M
0.0191
0.0191
0.0191
0.95
0.95
0.95
1.00
1.00
1.00
3250000
2864
4036
14894
92405
2012
<div><div style="text-align: justify; font: 10pt ' color: #000000; margin-left: 36pt">An external consultant has calculated the fair value of the 2,500,000 options using the Binomial valuation method using the following inputs:</div><div> </div><table id="zf0538adf00644885a50844b987a03b6b" border="0" cellspacing="0" cellpadding="0" align="center" style="width: 90%; border-collapse: collapse; font: 10pt '"><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Grant date</div><div> </div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Dec 13, </div><div style="text-align: center; font: 10pt ' color: #000000">2010</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Dec 13, </div><div style="text-align: center; font: 10pt ' color: #000000">2010</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Dec 13, </div><div style="text-align: center; font: 10pt ' color: #000000">2010</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Grant date share price</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.10</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.10</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.10</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Vesting date</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Dec 13, 2010</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Nov 17, 2011</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">Nov 17, 2012</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Expected life in years</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">4.5</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">5.0</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">5.5</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Risk-free rate</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">1.91%</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">1.91%</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">1.91%</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Volatility</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">95%</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">95%</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">95%</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Exercise price</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.00</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.00</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$1.00</div></td></tr><tr><td style="border: #000000 2px solid; width: 40%; vertical-align: top"><div style="text-align: justify; font: 10pt ' color: #000000">Call option value</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$0.78</div></td><td style="border: #000000 2px solid; width: 20.3%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$0.81</div></td><td style="border: #000000 2px solid; width: 20.28%; vertical-align: top"><div style="text-align: center; font: 10pt ' color: #000000">US$0.83</div></td></tr></table><div><br /></div></div>
<div><div><table id="ze403532d73b24d2a8ec5ea85ed2e6c7b" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 28.5pt; vertical-align: top"><div style="text-align: left; font: bold 10pt '">(3)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: left; font: bold 10pt '">GOING CONCERN</div></td></tr></table></div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000"> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has not yet commenced revenue producing operations and had an accumulated deficit of $9,461,028 as of January 31, 2015. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company will require additional funding for operations and this additional funding may be raised through debt or equity offerings. The Company has a debt due to AXIS Consultants Pty Ltd (AXIS). AXIS provides management services to the Company and the cost of these services increases the amount of the debt. In addition, the Company has historically relied on loans and advances from corporations affiliated with the President of Aurum, Inc. 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. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</div></div>
P5Y
14894
30000000
5057776
15000000
7500000
0.30
0.10
0.40
16000000
5500000
0.50
P24M
2016-04-06
2016-07-29
38329
38329
7500000
100000
100000
2500000
0.22
2500000
2500000
0.22
2500000
<div><div><table id="ze27930e98f6e46ea9a222493b7c48689" class="DSPFListTable" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt '"><tr><td style="width: 36pt; vertical-align: top"><div style="text-align: left; font: bold 10pt '">(6)</div></td><td style="width: auto; vertical-align: top"><div style="text-align: left; font: bold 10pt '">STOCKHOLDERS’ EQUITY</div></td></tr></table></div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000"> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">In September 2008, 96,000,000 shares of common stock were issued to the Company’s founder raising $9,000.</div><div> </div><div style="text-align: justify; text-indent: 36pt; font: 10pt ' color: #000000">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.</div></div>