UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark one)
x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
	ACT OF 1934
For the Quarterly Period Ended April 30, 2015
Or
	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
	ACT OF 1934
For the transition period from ________________ to ________________
Commission File Number: 000-53861

For the Quarterly Period Ended July 31, 2014

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________ to ________________

Commission File Number: 000-53861

———————

AURUM, INC.

(Exact name of registrant as specified in its charter)

———————

Delaware	27-1728996
(State or Other Jurisdiction	(I.R.S. Employer
of Incorporation)	Identification No.)

Level 1A, 42 Moray Street
Southbank, Victoria, Australia	3006
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: 001 (613) 8532 2878

Delaware	27-1728996
(State or Other Jurisdiction	(I.R.S. Employer
of Incorporation)	Identification No.)
Level 8, 580 St Kilda Road
Melbourne, Victoria, Australia	3004
(Address of Principal Executive Offices)	(Zip Code)
Registrant’s telephone number, including area code: 001 (613) 8532 2800

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  No

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

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “accelerated filer,” “large accelerated filer” and “smaller reporting company” in Rule 12-b2 of the Exchange Act.

(Check one): Large accelerated filer  Accelerated filer  Non-accelerated filer  Smaller reporting company 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12-b2 of the Exchange Act).  Yes  No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. There were 135,850,000 outstanding shares of Common Stock as of September 22, 2017.

———————

(Check one): Large accelerated filer o Accelerated filer o Non-accelerated filer o Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12-b2 of the Exchange Act). o Yes x No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. There were 105,600,000 outstanding shares of Common Stock as of September 12, 2014.

Table Of Contents

		~~PAGE NO~~	PAGE NO
PART I.	FINANCIAL INFORMATION
Item 1	Financial Statements	2	2
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12	12
Item 3	Quantitative and Qualitative Disclosure about Market Risk	15	15
Item 4	Controls and Procedures	15	15
PART II	OTHER INFORMATION
Item 1	Legal Proceedings	16	16
Item 1A	Risk Factors	16	16
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	16	16
Item 3	Defaults Upon Senior Securities	16	16
Item 4	Mine Safety Disclosures	16	16
Item 5	Other Information	16	16
Item 6	Exhibits	16	16
SIGNATURES			17
EXHIBIT INDEX			18
Exh. 31.1		Certification	19
Exh. 31.2		Certification	20
Exh. 32.1		Certification	21
Exh. 32.2		Certification	22

SIGNATURES		17
EXHIBIT INDEX		18
Exh. 31.1	Certification	19
Exh. 31.2	Certification	20
Exh. 32.1	Certification	21
Exh. 32.2	Certification	22

PART I – FINANCIAL INFORMATION

Item 1.

FINANCIAL STATEMENTS

Introduction to Interim Consolidated Financial Statements.

The interim consolidated financial statements included herein have been prepared by Aurum, Inc. (“Aurum” or the “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (The “Commission”). Certain information and footnote disclosure normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in United States of America (“US GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

The interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended October 31, ~~2013~~2014.

In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary to present fairly the financial position of the Company as of ~~July~~April 3130, ~~2014~~2015, the results of its operations for the three and ~~nine~~six month periods ended ~~July~~April 3130, ~~2014~~2015 and ~~July~~April 3130, ~~2013~~2014, and the changes in its cash flows for the ~~nine~~six month periods ended ~~July~~April 3130, ~~2014~~2015 and ~~July~~April 3130, ~~2013~~2014, have been included. The results of operations for the interim periods are not necessarily indicative of the results for the full year.

The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

AURUM, INC.

Consolidated Balance Sheet

	July 31, 2014 US$ (unaudited)			October 31, 2013 US$
	April 30, 2015 US$ (unaudited)			October 31, 2014 US$
ASSETS
Current Assets:
Cash		21,~~258~~194			123,~~797~~073
Receivables		19,624			19,696
Prepayments		-			963
Prepayments		3,149			8,744
Total Current Assets		1,194			4,036
Total Current Assets		25,031			41,237
Total Assets		1,194			4,036
Non-Current Assets:
Property and equipment		-			423
Total Non-Current Assets		-			423
Total Assets		25,031			41,660
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities:
Accounts payable and accrued expenses		~~634~~258,~~013~~955			~~402~~248,~~738~~841
Total Current Liabilities		~~634~~258,~~013~~905			~~402~~248,~~738~~841
Non-Current Liabilities:
Advances from affiliates		76,~~707~~655,~~480~~544			7,~~558~~257,~~320~~926
Total Non-Current Liabilities		76,~~707~~655,~~480~~544			7,~~558~~257,~~320~~926
Total Liabilities		86,~~341~~914,~~493~~499			7,~~961~~506,~~058~~767
Stockholders’ Equity (Deficit) :
Common stock: $.0001 par value 500,000,000 shares authorised, and 105,600,000 shares issued and outstanding at July 31, 2014 and October 31, 2013		10,560			10,560
Common stock: $.0001 par value 500,000,000 shares authorised, and 105,600,000 shares issued and outstanding at April 30, 2015 and October 31, 2014		10,560			10,560
Additional Paid-in-Capital		2,740,207			2,740,207
Accumulated (deficit)		(11,067,229	)		(10,670,165	)
Retained (Deficit)		(9,664,072	)		(10,253,498	)
Total Stockholders’ Equity (Deficit)		(86,~~316~~913,~~462~~305	)		(7,~~919~~502,~~398~~731	)
Total Liabilities and Stockholders’ Equity (Deficit)		251,~~031~~194			414,~~660~~036
See Notes to Financial Statements
See Notes to Consolidated Financial Statements

AURUM, INC.

Consolidated Statements of Operations

(Unaudited)

	For the three months ended						For the nine months ended
	For the three months ended April 30, 2015			For the three months ended April 30, 2014			For the six months ended April 30, 2015			For the six months ended April 30, 2 014
	July 31,						July 31,
	2014			2013			2014			2013
	US$			US$			US$			US$
Revenues	$	$-		$	$-		$	$-		$	$-
Costs and expenses:
Legal, accounting and professional		1216,~~924~~425			3110,~~475~~044			3326,~~045~~422			5620,~~740~~121
Administration expenses		174,~~092~~662			7044,~~793~~542			~~111~~21,~~164~~127			~~207~~94,~~653~~072
Consultants salaries - stock based compensation		-			-			-			76,538
Exploration expenditure		-			74,758			-			241,810
Exploration expenditure		104,226			399,160			346,036			1,158,144
Interest expense		4			-			10			-
Interest expense		-			-			-			1,215
Total costs and expenses		21,091			129,344			47,559			356,003
Total costs and expenses		134,242			501,428			490,245			1,500,290
(Loss) from operations		(21,091	)		(129,344	)		(47,559	)		(356,003	)
(Loss) from operations		(134,242	)		(501,428	)		(490,245	)		(1,500,290	)
Other income		8,837			-			8,837			-
Foreign currency exchange gain (loss)		(79190,~~173~~789	)		~~870~~(399,~~779~~453	)		93628,~~181~~148			~~894~~172,~~028~~354
Income (Loss) before income taxes		(213,415	)		369,351			(397,064	)		(606,262	)
Income/(Loss) before income taxes		(203,043	)		(528,797	)		589,426			(183,649	)
Provision for income taxes		-			-			-			-
Net income (loss)		(~~213~~203,~~415~~043	)		~~369~~(528,~~351~~797	)		~~(397~~589,~~064~~426	)		(~~606~~183,~~262~~649	)
Basic and diluted net income (loss) per common equivalent shares		(0.00	)		(0.0001	)		(0.0001	)		(0.0100	)
Weighted average number of common equivalent shares (in 000’s)		105,600			105,600			105,600			105,600
See Notes to Financial Statements
See Notes to Consolidated Financial Statements

AURUM, INC.

Consolidated Statements of Stockholders’ Equity (Deficit)

(Unaudited)

	Shares		Common Stock Amount		Additional Paid-in Capital		~~Accumulated~~Retained (Deficit)			Total
			US$		US$		US$			US$
Balance, October 31, 2013		105,600,000		10,560		2,740,207		(10,~~670~~439,~~165~~775	)		(7,~~919~~689,~~398~~008	)
Net (loss)		-		-		-		(397,064	)		(397,064	)
Net income		-		-		-		186,277			186,277
Balance, July 31, 2014		105,600,000		10,560		2,740,207		(11,067,229	)		(8,316,462	)
Balance, October 30, 2014		105,600,000		10,560		2,740,207		(10,253,498	)		(7,502,731	)
Net income		-		-		-		589,426			589,426
Balance, April 30, 2015		105,600,000		10,560		2,740,207		(9,664,072	)		(6,913,305	)

See Notes to Consolidated Financial Statements

AURUM, INC.

Consolidated Statements of Cash Flows

(Unaudited)

	For the nine months ended
	Six months ended April 30, 2015 US$			Six months ended April 30, 2014 US$
	July 31
	2014 US$			2013 US$
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)		(397,064	)		(606,262	)
Net income (loss)		589,426			(183,649	)
Adjustments to reconcile net (loss) to net cash (used)
Adjustments to reconcile net income (loss) to net cash (used)
in operating activities:
Employee options issued for stock based compensation		-			76,538
Foreign currency exchange (gain)		(628,148	)		(172,354	)
Foreign currency exchange (gain)		(93,181	)		(894,028	)
Depreciation		-			423
Depreciation		423			24,938
Net change in:
Prepayments		~~5,595~~963			191,~~535~~739
Receivables		72-			~~(4,993~~71	)
Accounts payable and accrued expenses		~~231~~10,~~275~~114			~~187~~148,~~015~~077
Net Cash (Used) in Operating Activities		(~~252~~27,~~880~~645	)		(1205,~~197,257~~693	)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from affiliates		241,650			1,190,586
Borrowings from affiliate		24,721			193,626
Net Cash Provided by Financing Activities		~~241~~24,~~650~~721			1193,~~190,586~~626
Effect of exchange rate on cash		~~691~~1,045			(31,~~809~~651	)
Net (decrease) in cash		(101,~~539~~879	)		(10,~~480~~416	)
Cash at beginning of period		123,~~797~~073			1812,~~721~~797
Cash at end of period		21,~~258~~194			82,~~241~~381

See Notes to Consolidated Financial Statements

AURUM, INC.

Notes to Consolidated Financial Statements

~~July~~April 3130, ~~2014~~2015

(unaudited)

(1)	ORGANIZATION AND BUSINESS

Aurum, Inc. ("Aurum” or the “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 (“Golden”), which owned 96.21% of Aurum as of ~~July~~April 3130, ~~2014~~2015.

On January 20, 2010, the Company re-incorporated in the state of Delaware (the “Reincorporation”) through a merger involving Liquid Financial Engines, Inc. (“Liquid”) 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.

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.

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.~~

In December 2010, the Company executed a Management and Shareholders Agreement with Argonaut Overseas Investments Ltd (“AOI”), an indirectly wholly owned Subsidiary of Argonaut Resources N.L., in respect to Argonaut’s 70% held Century Concession in Laos. The agreement appointed Aurum as the manager of the Century Thrust Joint Venture Agreement (“Joint Venture”) and the Company had the right to earn 72.86% of AOI’s interest in the Joint Venture which was equivalent to a 51% beneficial interest in the Century Concession.

The ~~agreement appoints Aurum as the manager of the~~ Century ~~Thrust~~Concession ~~Joint~~expired ~~Venture~~in ~~Agreement~~fiscal ~~(“Joint~~2014 ~~Venture”)~~ and ~~gives~~was ~~the~~not ~~Company the right to earn 72~~renewed.~~86%~~ ofAs ~~AOI’s interest in the Joint Venture which is equivalent to~~ a ~~51%~~result, ~~beneficial interest in~~ the ~~Century~~Company ~~Concession.~~no Inlonger ~~order~~has toany ~~acquire this interest, Aurum may be required to spend US$6.5 million on~~ exploration ~~within~~interests ~~the~~in ~~five year period ending December 10, 2015~~Laos.

The Company’s ~~ability~~has tonow ~~continue~~commenced ~~operations~~a ~~through~~search ~~the~~for ~~remainder~~new ofprojects ~~2014~~that isthe ~~dependent~~Company ~~upon~~may ~~future~~be ~~funding~~able ~~from affiliated entities, capital raisings, or its ability~~ to ~~commence~~acquire ~~revenue~~an ~~producing~~interest ~~operations and positive cash flows~~in.

The Company’s ability to continue operations for the foreseeable future is dependent upon future funding from affiliated entities, capital raisings, or its ability to commence revenue producing operations and positive cash flows, however there can be no assurance that the Company will be successful in these efforts.

(2)	RECENT ACCOUNTING PRONOUNCEMENTS

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 consolidated 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.

~~In June 2014, the Financial Accounting Standards Board~~ (~~“FASB”~~3) ~~issued~~GOING ASU No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. 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’ 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.CONCERN

The accompanying consolidated 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.

In addition, Aurum is reliant on loans and advances from corporations affiliated with the President of Aurum. Based on discussions with these affiliate companies, Aurum believes this source of funding will continue to be available. Other than the arrangements noted above, Aurum has not confirmed any other arrangement for ongoing funding. As a result Aurum may be required to raise funds by additional debt or equity offerings in order to meet its cash flow requirements during the forthcoming year.

The retained deficit of the Company from inception (September 2008) through April 30, 2015 amounted to approximately $9.7 million.

(3) PROPERTY AND EQUIPMENT

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’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).

		At July 31, 2014							At October 31, 2013
	Depreciable Life (in years)	Cost $		Accumulated Depreciation $			Net Book Value $		Cost $		Accumulated Depreciation $			Net Book Value $
Office Equipment	1-2		3,830		(3,830	)		-		3,830		(3,830	)		-
Computer Equipment	1-3		101,975		(101,975	)		-		101,975		(101,552	)		423
Furniture	1-2		650		(650	)		-		650		(650	)		-
			106,455		(106,455	)		-		106,455		(106,032	)		423

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’s property and equipment is fully depreciated.

(4)	AFFILIATE TRANSACTIONS

The Company entered into an agreement with AXIS Consultants Pty Ltd (“AXIS”) 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.

During the ~~nine~~six months ended ~~nine~~April ~~July 31~~30, ~~2014~~2015, AXIS provided services in accordance with the services agreement, incurred direct costs on behalf of the Company and provided funding of $~~241~~16,~~650~~660. During the ~~nine~~six months ended ~~July~~April 3130, ~~2014~~2015, the foreign exchange effect on the amounts owed to affiliates was a gain of $93627,~~181~~103. The amounts owed to ~~affiliates~~AXIS as of ~~July~~April 3130, ~~2014~~2015 and October 31, ~~2013~~2014 is $76,~~707~~423,~~480~~044 and $7,~~558~~025,~~320~~426, respectively, and are reflected in non-current liabilities - ~~advances~~advance from affiliates. ~~Included~~At inApril ~~these~~30, ~~amounts is $232~~2015,~~500~~ ~~respectively~~the ~~being~~Company ~~funds~~owed ~~advanced~~the byformer ~~the~~Managing ~~Manager~~Director of ~~the~~its Laos ~~operations~~operation $232,500 (2014: $232,500). During the ~~nine~~six months ended ~~July~~April 3130, ~~2014~~2015 and ~~2013~~2014, the affiliates have agreed not to charge interest.

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 (refer footnote 11 – Subsequent Events) and accordingly the Company has classified the amounts payable as non-current in the accompanying balance sheet.

(5) ~~GOING~~INCOME ~~CONCERN~~TAXES

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.

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’s fund raising efforts will be successful.

As set out in Notes to Financial Statements – Affiliate Transactions, the Company is managed by AXIS. 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. 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).

The retained deficit of the Company at July 31, 2014 amounted to approximately $11.1 million.

(6) INCOME TAXES

Aurum files its income tax returns on an accrual basis.

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 consolidated 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~~April 3130, ~~2014~~2015, the Company has no uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements.

The Company is required to file tax returns in the United States and a summary of the deferred tax asset at ~~October~~April 3130, ~~2013~~2015 is as follows:.

	USA 2013 $			Total 2013 $
	USA $			Total $
Deferred tax assets
Net operating loss carry-forward		~~659~~827,~~242~~643			~~659~~827,~~242~~643
Less valuation allowance		(~~659~~827,~~242~~643	)		(~~659~~827,~~242~~643	)
Net deferred taxes		-			-

The Company has available net operating loss carry forwards as of ~~October~~April 3130, ~~2013~~2015, which are subject to limitations, aggregating approximately $12,~~938~~364,~~900~~000 which would expire in years 2028 through 2033.

The Company’s tax returns for all years since fiscal ~~2010~~2012 remain open to examination by the respective tax authorities. There are currently no tax examinations in progress.

~~(7) STOCKHOLDERS’ EQUITY~~8

(6)	STOCKHOLDERS’ EQUITY

In September 2008, 96,000,000 shares of common stock were issued to the Company’s founder raising $9,000.

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.

On(7) ~~September~~ISSUE ~~29,~~OF ~~2009~~OPTIONS ~~the~~UNDER ~~Company’s~~EQUITY ~~Board~~INCENTIVE 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.PLAN

(8) ISSUE OF OPTIONS UNDER EQUITY INCENTIVE PLAN

(i)

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.

The Company has accounted for all options issued based upon their fair value using the Binomial pricing model.

An external consultant has calculated the fair value of the 2,500,000 options using the Binomial valuation method using the following inputs:

Grant date	Dec 13, 2010	Dec 13, 2010	Dec 13, 2010
Grant date share price	US$1.10	US$1.10	US$1.10
Vesting date	Dec 13, 2010	Nov 17, 2011	Nov 17, 2012
Expected life in years	4.5	5.0	5.5
Risk-free rate	1.91%	1.91%	1.91%
Volatility	95%	95%	95%
Exercise price	US$1.00	US$1.00	US$1.00
Call option value	US$0.78	US$0.81	US$0.83

At October 31, ~~2013~~2014 and ~~July~~April 3130, ~~2014~~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 ~~July~~April 3130, ~~2014~~2015 is ~~61/4~~5 years. At ~~July~~April 3130, ~~2014~~2015 there are 2,500,000 options exercisable.

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.

(ii)

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.

The Company has accounted for all options issued based upon their fair value using the Binomial pricing model.

AnAs ~~external~~a ~~consultant~~result ~~has~~of ~~calculated~~the termination of the ~~fair~~employee ~~value~~holding the options, the employee had a period of 90 days from the ~~750,000~~date ~~options~~of ~~using~~termination to exercise the ~~Binomial~~options. ~~valuation~~The ~~method~~holder ~~using~~did not exercise the ~~following~~options ~~inputs:~~therefore the options have expired in April 2014.

Grant date	May 1, 2011	May 1, 2011	May 1, 2011
Grant date share price	US$1.30	US$1.30	US$1.30
Vesting date	May 1, 2011	Feb 1, 2012	Feb 1, 2013
Expected life in years	3.5	4.0	4.5
Risk-free rate	2.02%	2.02%	2.02%
Volatility	100%	100%	100%
Exercise price	US$1.00	US$1.00	US$1.00
Call option value	US$0.91	US$0.95	US$0.99

(8)	FAIR VALUE OF FINANCIAL INSTRUMENTS

AtThe ~~October~~Company’s ~~31,~~financial ~~2013~~instruments ~~and~~consist ~~July~~of 31cash, ~~2014~~receivables, ~~there~~accounts ~~are 750~~payable,~~000~~ ~~options~~accrued ~~outstanding~~expenses ~~with an option price per share~~ and ~~weighted~~advances ~~average~~from ~~exercise price of US$1~~affiliates.~~00.~~ The ~~exercise~~carrying ~~price~~amounts isof ~~US$1.00~~cash, ~~per~~receivables, ~~option.~~accounts ~~The~~payables ~~weighted~~and ~~average~~accrued ~~per~~expenses ~~option~~approximates their fair ~~value~~values because of ~~options~~the ~~granted~~short ~~during~~term ~~fiscal~~maturities ~~2011~~of ~~was~~those ~~US$0~~instruments.95 ~~and~~The ~~the~~fair ~~weighted~~value ~~average~~of ~~remaining~~advances ~~contractual~~from ~~life~~affiliates ofis ~~those~~not ~~options~~readily atdeterminable ~~July~~as ~~31,~~no ~~2014~~similar ismarket ~~31/2~~exists ~~years.~~for Atthese ~~July~~instruments ~~31,~~and ~~2014~~it ~~there~~doesn’t ~~are~~have ~~750,000~~a ~~options~~specified ~~exercisable~~date of repayment.

(9~~) FAIR VALUE OF FINANCIAL INSTRUMENTS~~

~~The~~(9) ~~Company’s~~NET ~~financial~~INCOME ~~instruments~~(LOSS) ~~consist~~PER 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 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.SHARE

10Basic 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. 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.

(10) ~~NET LOSS PER SHARE~~CASH

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.

(11) CASH

The Company maintains cash deposits with financial institutions in Australia and in Laos (USD). 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.

(1211) ~~COMMITMENTS~~SUBSEQUENT EVENTS

~~Pursuant~~The ~~to the Century Thrust Joint Venture Agreement (Joint Venture), the~~ Company ~~may fund up to $6.5 million in exploration expenditure, of which $4.49 million~~ has ~~already~~evaluated ~~been~~significant ~~funded,~~events insubsequent ~~order~~ to ~~acquire~~the abalance ~~51%~~sheet ~~beneficial~~date ~~interest~~through in the ~~Joint~~date ~~Venture.~~the ~~Should~~consolidated ~~Aurum~~financial ~~wish~~statements towere ~~execute~~issued ~~its~~and ~~rights~~has ~~under~~determined ~~the~~that ~~agreement,~~there itwere ~~may~~no besubsequent ~~required~~events toor ~~expend~~transactions anwhich ~~additional~~would ~~$2.01~~require ~~million~~recognition ~~through~~or ~~December~~disclosure ~~2015~~in on the ~~Century~~consolidated ~~Thrust~~financial ~~Concession (see note 1)~~statements. ~~All such exploration costs are being expensed as incurred.~~

~~(13)~~In ~~SUBSEQUENT~~July ~~EVENTS~~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.

~~The~~On April 1, 2016 the Company ~~has~~announced ~~evaluated~~that ~~events~~it ~~and~~had ~~transactions~~entered ~~after~~into ~~the~~an ~~balance~~agreement ~~sheet~~with ~~date~~an Israeli company, PayItSimple Ltd and ~~through~~its ~~the~~subsidiaries ~~date~~(PayItSimple) whereby the ~~financial~~Company ~~statements~~would ~~were~~invest ~~issued~~$15 million directly into PayItSimple by September 5, 2016 to acquire a 30% interest in PayItSimple, and ~~believes~~a ~~that~~further ~~all~~$7.5 ~~relevant~~million ~~disclosures~~into ~~have~~PayItSimple ~~been~~over ~~included~~18 ~~herein~~months ~~and~~to ~~there~~acquire ~~are~~a nofurther ~~other~~10% ~~events~~interest ~~which~~in ~~require~~PayItSimple, ~~recognition~~taking orits ~~disclosure~~holding to 40% of interest in PayItSimple. PayItSimple owns a business known as Splitit. On April 6, 2016 the ~~accompanying~~Company ~~interim~~terminated ~~financial~~the ~~statements~~proposed acquisition of PayItsimple.

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.

In April 2016, the Company raised $38,329 through the private placement of 250,000 shares of common stock.

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.

The purchase price is up to USD$7,500,000 which is to be satisfied as follows:

a)	The sum of USD$100,000 payable to the Sellers for due diligence expenses, 30 business days from the execution of the Term Sheet;

b)	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;

c)	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);

d)	The issue to the Sellers of shares of common stock to the equivalent to USD$2,500,000 at the issue price of USD$0.22, subject to the Sellers achieving sales revenue of USD$100,000 within twelve months after the first anniversary of Completion; and

e)	The issue to the Sellers of shares of common stock to the equivalent to USD$2,500,000 at the issue price of USD$0.22, subject to the Sellers achieving sales revenue of USD$1,000,000 within twelve months after the first anniversary of Completion.

If the Transaction is terminated or is in the reasonable opinion of the Company unable to proceed at any point, the Vendors and the Sellers have agreed to convert any monies paid to the Sellers under (a) and (b) above into convertible securities in the Sellers.

As part of the agreement and as a condition to completion, the Company will raise USD$2,500,000.

Pending completion, the Sellers are required to carry on business in the ordinary course.

In July 2017, the Company raised $38,329 through the private placement of 250,000 shares of common stock.

Item 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

General

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the ~~Financial~~Consolidated ~~Statements~~financial statements and accompanying notes and the other financial information appearing elsewhere in this report. This report contains numerous forward-looking statements relating to our business. Such forward-looking statements are identified by the use of words such as believes, intends, expects, hopes, may, should, plan, projected, contemplates, anticipates or similar words. Actual operating schedules, results of operations and other projections and estimates could differ materially from those projected in the forward-looking statements.

Overview

Aurum, Inc. is an exploration stage company and was incorporated in Florida on September 29, 2008, to develop and market financial software. In July 2009, Golden Target Pty Ltd, an Australian corporation ("Golden") acquired a 96% interest in Aurum from Daniel McKelvey and certain other stockholders. Commencing August 2009, the Company decided to focus on mineral exploration for gold and copper in the Lao Peoples Democratic Republic. The Company is considered to be in the exploration stage. On January 20, 2010, the Company re-incorporated in the State of Delaware through a merger involving Liquid Financial Engines, Inc. (:Liquid”) and Aurum, Inc., with Aurum being the surviving entity.

The agreement ~~appoints~~appointed Aurum as the manager of the Century Thrust Joint Venture Agreement, which ~~currently~~existed ~~exists~~ between Argonaut and two other parties, and gives the Company the right to earn 72.86% of AOI’s interest in the Joint Venture which iswas equivalent to a 51% beneficial interest in the Century Concession. In order to acquire this interest, Aurum ~~may~~was to spend US$6.5 million on exploration within the five year period ending December 10, 2015. The Century Concession expired in fiscal 2014 and was not renewed.

We have incurred net losses since our inception and may continue to incur substantial and increasing losses for the next several years. We have incurred accumulated losses of approximately $119.17 million which ~~has~~was ~~been~~ funded primarily by the sale of equity securities and advances from affiliates.

RESULTS OF OPERATIONS

Three Months Ended ~~July~~April 3130, ~~2014~~2015 vs. Three Months Ended ~~July~~April 3130, ~~2013~~2014.

Costs and expenses decreased from $~~501~~129,~~428~~344 in the three months ended ~~July~~April 3130, ~~2013~~2014 to $~~134~~21,~~242~~091 in the three months ended ~~July~~April 3130, ~~2014~~2015. The decrease in costs and expenses is a net result of:

a) aan ~~decrease~~increase in legal, accounting and professional expense from $3110,~~475~~044 for the three months ended ~~July~~April 3130, ~~2013~~2014 to $1216,~~924~~425 for the three months ended ~~July~~April 3130, ~~2014~~2015, primarily due to a decrease in ~~professional fees and~~ share registry expenses ~~and offset by a small increase in tax consultant costs. b) a decrease in administrative expenses from $70~~,~~793~~ inaccounting ~~the three months ended July 31, 2013 to $17,092 in the three months ended July 31, 2014, is primarily as a result of a decrease in employment costs, XBRL conversion costs, insurance expense~~ and ~~travel~~legal ~~costs c) a decrease in exploration expenditure expense from $399,160 for the three months ended July 31, 2013 to $104,226 for the three months ended July 31, 2014~~fees. The decrease is primarily due to reduced exploration activities for the three months ending July 31, 2014 in comparison to the prior period. The exploration costs include salaries for both our staff and contract field staff, accommodations, Laos office costs, field work expenditure and reviewing data on exploration targets in Laos.

Asb) a ~~result~~decrease ofin ~~the~~administrative ~~foregoing,~~expenses ~~the loss~~ from ~~operations decreased from~~ $~~501~~44,~~428~~542 ~~for~~in the three months ended ~~July~~April 3130, ~~2013~~2014 to $~~134~~4,~~242~~662 ~~for~~in the three months ended ~~July~~April 3130, ~~2014~~2015, is primarily as a result of a decrease in employment costs and insurance expense.

~~The~~c) ~~Company recorded~~ a ~~foreign~~decrease ~~currency~~in ~~exchange~~exploration ~~loss~~expenditure ofexpense from $7974,~~173~~758 for the three months ended ~~July~~April 3130, 2014 ~~compared~~ to a$nil ~~foreign~~for ~~currency~~the ~~exchange~~three ~~gain~~months ofended ~~$870~~April 30,~~779~~ 2015. The Century Concession expired in fiscal 2014. The exploration costs include salaries for ~~the~~both ~~three~~staff ~~months~~and ~~ended~~contract ~~July~~field 31staff, ~~2013~~accommodations, ~~primarily~~Laos ~~due~~office tocosts, ~~revaluation~~field ofwork ~~the~~expenditure ~~advances~~and ~~from~~reviewing ~~affiliate~~data ~~which~~on isexploration ~~denominated~~targets in ~~Australian dollars~~Laos.

~~The net loss was $213,415 for the three months ended July 31, 2014 compared to a net gain of $369,351 for the three months ended July 31, 2013.~~12

~~Nine~~As ~~Months~~a ~~Ended~~result ~~July~~of 31the foregoing, the loss from operations decreased from $129,344 for the three months ended April 30, 2014 ~~vs.~~to ~~Nine~~$21,091 ~~Months~~for ~~Ended~~the ~~July~~three 31months ended April 30, ~~2013~~2015.

~~Costs~~Other ~~and~~income ~~expenses~~increased ~~decreased~~for ~~from~~ $~~1,500,290~~nil for in the ~~nine~~three months ended ~~July~~April 3130, ~~2013~~2014 to $~~490~~8,~~245~~837 infor the ~~nine~~three months ended ~~July~~April 3130, ~~2014~~2015. ~~The decrease in costs and expenses is a net result of:~~

a)The aCompany ~~decrease~~recorded ina ~~legal,~~foreign ~~accounting~~currency ~~and~~exchange ~~professional~~loss ~~expense~~of ~~from~~ $56190,~~740~~789 for the ~~nine~~three months ended ~~July~~April 3130, ~~2013~~2015 compared to ~~$33,045~~a ~~for~~foreign ~~the~~currency ~~nine~~exchange ~~months~~loss ~~ended July 31, 2014, primarily as a result~~ of ~~a decrease in professional fees and share registry expenses offset by a small increase in tax consultant costs. b) a decrease in administrative expenses from~~ $~~207~~399,~~653~~453 infor the ~~nine~~three months ended ~~July~~April 3130, ~~2013 to $111,164 in the nine months ended July 31,~~ 2014, primarily due to arevaluation decrease in employment costs, XBRL conversion expenses, IT support costs, insurance and travel costs. c) a decrease in stock based compensation from $76,538 in the nine months ended July 31, 2013 to nil in the nine months ended July 31, 2014. In December 2010 and May 2011, the Company issued options over shares of ~~Common Stock to employees under~~ the ~~2010~~advance ~~Equity Incentive Plan. The decrease is due to options being fully vested in prior periods. d) a decrease in exploration expenditure expense~~ from ~~$1,158,144~~affiliate ~~for~~which ~~the nine months ended July 31, 2013 to $346,036 for the nine months ended July 31, 2014. The decrease~~ is ~~primarily~~denominated ~~due to reduced exploration activities on the Century Thrust Joint Venture for the nine months ended July 31, 2014~~ in ~~comparison~~Australian ~~to the prior correlating period as the Company is in the process of sourcing other potential exploration targets~~dollars. ~~The exploration costs include salaries for both our staff and contract field staff, accommodations, Laos office costs, field work expenditure and reviewing data on exploration targets in Laos.~~

AsThe anet ~~result of the foregoing, the~~ loss ~~from~~was ~~operations decreased from~~ $1203,~~500,290~~423 for the ~~nine~~three months ended ~~July~~April 3130, ~~2013~~2015 compared to a net loss of $~~490~~528,~~245~~797 for the ~~nine~~three months ended ~~July~~April 3130, 2014.

13Six Months Ended April 30, 2015 vs. Six Months Ended April 30, 2014.

~~The~~Costs ~~Company~~and ~~recorded~~expenses adecreased ~~foreign~~from ~~currency exchange gain of~~ $93356,~~181~~003 ~~for~~in the ~~nine~~six months ended ~~July~~April 3130, 2014 ~~compared~~ to ~~a foreign currency exchange gain of~~ $~~894~~47,~~028~~558 ~~for~~in the ~~nine~~six months ended ~~July~~April 3130, ~~2013,~~2015. ~~primarily~~The ~~due~~decrease toin ~~revaluation~~costs ofand ~~the~~expenses ~~advances from affiliate which~~ is ~~denominated~~a innet ~~Australian~~result ~~dollars.~~of:

~~The~~a) ~~net~~an ~~loss~~increase ~~was~~in legal, accounting and professional expense from $~~397~~20,~~064~~121 for the ~~nine~~six months ended ~~July~~April 3130, 2014 ~~compared~~ to ~~a net loss of~~ $~~606~~26,~~262~~422 for the ~~nine~~six months ended ~~July~~April 3130, ~~2013~~2015, primarily as a result of an increase in accounting and legal fees.

b)	a decrease in administrative expenses from $94,072 in the six months ended April 30, 2014 to $21,127 in the six months ended April 30, 2015, primarily due to a decrease in employment costs, IT support costs and insurance expense.

a decrease in exploration expenditure expense from $241,810 for the six months ended April 30, 2014 to $nil for the six months ended April 30, 2015. The Century Concession expired in fiscal 2014. The exploration costs include salaries for both staff and contract field staff, accommodations, Laos office costs, field work expenditure and reviewing data on exploration targets in Laos.

As a result of the foregoing, the loss from operations decreased from $356,003 for the six months ended April 30, 2014 to $47,558 for the six months ended April 30, 2015.

Other income increased from $nil for the six months ended April 30, 2014 to $8,837 for the six months ended April 30, 2015.

The Company recorded a foreign currency exchange gain of $172,354 for the six months ended April 30, 2014 compared to a foreign currency exchange gain of $628,148 for the six months ended April 30, 2015, primarily due to revaluation of the advance from affiliate which is denominated in Australian dollars.

The net income was $589,426 for the six months ended April 30, 2015 compared to a net loss of $183,649 for the six months ended April 30, 2014.

Liquidity and Capital Resources

For the ~~nine~~six months ended ~~July~~April 3130, ~~2014~~2015, net cash used in operating activities was $~~252~~27,~~880~~645 primarily consisting of the net loss from operations of $~~397~~589,~~064~~426, adjusted for non-cash items being foreign currency gain of $93628,~~181~~148, ~~depreciation charges of $423,~~ a decrease in prepayments of $5963,~~595,~~ ~~a decrease in receivables of $72~~ and an increase in accounts payable and accrued expenses of $~~231~~10,~~275~~114.

Net cash used in investing activities was $nil; and net cash provided by financing activities was $~~241~~24,~~650~~721 being advances from affiliates.

As of ~~July~~April 3130, ~~2014~~2015 the Company has short term obligations of $~~634~~258,~~013~~955 comprising accounts payable and ~~accrued expenses~~accruals.

The Company has $21,~~258~~194 in cash at ~~July~~April 3130, ~~2014~~2015.

~~The~~In ~~Company~~July ~~may~~2015, ~~fund up to $6.5 million in exploration expenditure within~~ the ~~five~~Company ~~year~~issued ~~period ending December 10~~30, ~~2015~~000,000 shares of ~~which~~common ~~$4.49~~stock ~~million~~to ~~has~~AXIS ~~already~~Consultants ~~been~~Pty ~~funded,~~Ltd inas ~~order~~repayment toof ~~acquire~~ a ~~51%~~debt ~~beneficial~~of ~~interest in the Century Thrust Joint Venture (“Joint Venture”)~~$5,057,776.

As of December 31, 2011, the Company had completed its initial drilling program on the Century Thrust Joint Venture tenements and is currently compiling assay results. Depending upon available capital resources, the Company may conduct additional exploration drilling programs during 2014 on the Joint Venture.13

The Company’s ability to continue operations ~~through~~for ~~2014, including~~ the ~~ability~~foreseeable tofuture ~~acquire any interest in the Joint Venture,~~ is dependent upon future funding from affiliated entities, capital raisings, or its ability to commence revenue producing operations and positive cash flows, of which there can be no assurance.

The Company continues to search for additional sources of capital, as and when needed; however, there can be no assurance funding will be successfully obtained. Even if it is obtained, there is no assurance that it will not be secured on terms that are highly dilutive to existing shareholders.

Information Concerning Forward Looking Statements

This report and other reports, as well as other written and oral statements made or released by us, may contain forward looking statements. Forward looking statements are statements that describe, or that are based on, our current expectations, estimates, projections and beliefs. Forward looking statements are based on assumptions made by us, and on information currently available to us. Forward-looking statements describe our expectations today of what we believe is most likely to occur or may be reasonably achievable in the future, but such statements do not predict or assure any future occurrence and may turn out to be wrong. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. The words "believe", "anticipate", "intend", "expect", "estimate", "project", "predict", "hope", "should", "may", and "will", other words and expressions that have similar meanings, and variations of such words and expressions, among others, usually are intended to help identify forward-looking statements.

Forward-looking statements are subject to both known and unknown risks and uncertainties and can be affected by inaccurate assumptions we might make. Risks, uncertainties and inaccurate assumptions could cause actual results to differ materially from historical results or those currently anticipated. Consequently, no forward-looking statement can be guaranteed. The potential risks and uncertainties that could affect forward looking statements include, but are not limited to:

●	The risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2013,
●	The risks and hazards inherent in the mineral exploration business (including environmental hazards, industrial accidents, weather or geologically related conditions),

●	The risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2014,

14● The risks and hazards inherent in the mineral exploration business (including environmental hazards, industrial accidents, weather or geologically related conditions),

● The uncertainties inherent in our exploratory activities, including risks relating to permitting and regulatory delays, ● The political, governmental and regulatory risks affecting mineral exploration activities in foreign countries, ● The effects of environmental and other governmental regulations, and ● Uncertainty as to whether financing will be available to enable further exploration and development. ● Movements in foreign exchange rates, ● Performance of information systems, ● Ability of the Company to hire, train and retain qualified employees, ● Our ability to enter into key exploration agreements and the performance of contract counterparties.

In● ~~addition,~~The ~~other risks~~political, ~~uncertainties,~~governmental ~~assumptions,~~ and ~~factors~~regulatory ~~that~~risks ~~could~~affecting ~~affect~~mineral ~~the~~exploration ~~Company's~~activities ~~results and prospects are described~~ in ~~this~~foreign ~~Quarterly Report on Form 10-Q and in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31~~countries, 2013, including under the heading “Risk Factors” and elsewhere herein and therein and may further be described in the Company's prior and future filings with the Securities and Exchange Commission and other written and oral statements made or released by the Company.

●	The effects of environmental and other governmental regulations, and

●	Uncertainty as to whether financing will be available to enable further exploration and development.

●	Movements in foreign exchange rates,

●	Performance of information systems,

●	Ability of the Company to hire, train and retain qualified employees,

●	Our ability to enter into key exploration agreements and the performance of contract counterparties.

In addition, other risks, uncertainties, assumptions, and factors that could affect the Company's results and prospects are described in this Quarterly Report on Form 10-Q and in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2014, including under the heading “Risk Factors” and elsewhere herein and therein and may further be described in the Company's prior and future filings with the Securities and Exchange Commission and other written and oral statements made or released by the Company.

We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date of this document. The information contained in this report is current only as of its date, and we assume no obligation to update any forward-looking statements.

Item 3.

Quantitative and Qualitative Disclosures About Market Risk.

At ~~July~~April 3130, ~~2014~~2015, the Company had no outstanding loan facilities.

The Company reports in US$ and holds cash in Australian dollars. At ~~July~~April 3130, ~~2014~~2015, this amounted to A$1,~~513~~194. A change in the exchange rate between the A$ and the US$ will have an effect on the amounts reported in the Company’s consolidated financial statements, and create a foreign exchange gain or loss. A movement of 1% in the A$ versus the US$ exchange rate will have a US$1411 effect on the balance sheet and ~~statement~~income ~~of operations~~statement.

Item 4.

Controls and Procedures.

a)	Disclosure Controls and Procedures

Our principal executive officer and our principal financial officer evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 as amended) as of the end of the period covered by this report. Based on that evaluation, such principal executive officer and principal financial officer concluded that, the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report at the reasonable level of assurance.

b)	Change in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the ~~third~~second quarter of fiscal ~~2014~~2015 that materially affected, or are reasonably likely to materially affect, internal control over financial reporting.

Other

We believe that a controls system, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected. Therefore, a control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Our disclosure controls and procedures are designed to provide such reasonable assurances of achieving our desired control objectives, and our principal executive officer and principal financial officer have concluded, as of ~~July~~April 3130, ~~2014~~2015, that our disclosure controls and procedures were effective in achieving that level of reasonable assurance.

PART II – OTHER INFORMATION

Item 1.	Legal Proceedings.
	Not Applicable
Item 1A.	Risk Factors.
	Not Applicable for smaller reporting company.
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.
	Not Applicable
Item 3.	Defaults Upon Senior Securities.
	Not Applicable
Item 4.	Mine Safety Disclosure.
	Not Applicable
Item 5.	Other Information.
	Not Applicable
Item 6.	Exhibits.
	(a)	Exhibit No.	Description
		31.1	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Joseph Isaac Gutnick
		31.2	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Simon Joseph Lee
		32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002 by Joseph Isaac Gutnick
		32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002 by Simon Joseph Lee
		101	The following materials from the Aurum, Inc. Quarterly Report on Form 10-Q for the quarter ended July 31, 2014 formatted in Extensible Business Reporting Language (XBRL): (i) the Balance Sheets, (ii) the Statements of Operations, (iii) Statement of Stockholders’ Equity (Deficit), (iv) the Statements of Cash Flows and (v) related notes.
			#101.INS XBRL Instance Document.
			#101.SCH XBRL Taxonomy Extension Schema Document.
			#101.CAL XBRL Taxonomy Extension Calculation Linkbase Document.
			#101.LAB XBRL Taxonomy Extension Label Linkbase Document.
			#101.PRE XBRL Taxonomy Extension Presentation Linkbase Document.
			#101.DEF XBRL Taxonomy Extension Definition Linkbase Document.
			_________________
			# Filed herewith. In accordance with Rule 406T of Regulation S-T, these interactive data files are deemed “not filed” for purposes of section 18 of the Exchange Act, and otherwise are not subject to liability under that section.

Item 1.

Legal Proceedings.

Not Applicable

Item 1A.

Risk Factors.

Not Applicable for smaller reporting company.

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

Not Applicable

Item 3.

Defaults Upon Senior Securities.

Not Applicable

Item 4.

Mine Safety Disclosure.

Not Applicable

Item 5.

Other Information.

Not Applicable

Item 6.

Exhibits.

(a)

Exhibit No.

Description

31.1

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Joseph Isaac Gutnick

31.2

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Peter James Lee

32.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002 by Joseph Isaac Gutnick

32.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002 by Peter James Lee

101

The following materials from the Aurum, Inc. Quarterly Report on Form 10-Q for the quarter ended April 30, 2014 formatted in Extensible Business Reporting Language (XBRL): (i) the Balance Sheets, (ii) the Statements of Operations, (iii) Statement of Stockholders’ (Deficit), (iv) the Statements of Cash Flows and (v) related notes.

#101.INS

XBRL Instance Document.

#101.SCH

XBRL Taxonomy Extension Schema Document.

#101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document.

#101.LAB

XBRL Taxonomy Extension Label Linkbase Document.

#101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document.

#101.DEF

XBRL Taxonomy Extension Definition Linkbase Document.

_________________

Filed herewith. In accordance with Rule 406T of Regulation S-T, these interactive data files are deemed “not filed” for purposes of section 18 of the Exchange Act, and otherwise are not subject to liability under that section.

(FORM 10-Q)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Aurum, Inc. By: /s/ Joseph I Gutnick Joseph Gutnick Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer) By: /s/ ~~Simon~~Peter Lee ~~Simon~~Peter Lee Chief Financial Officer (Principal Financial Officer)

Date: September 2622, ~~2014~~2017

EXHIBIT INDEX

Exhibit No.	Description
31.1	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Joseph Isaac Gutnick
31.2	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Simon Joseph Lee
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002 by Joseph Isaac Gutnick
32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002 by Simon Joseph Lee
101	The following materials from the Aurum, Inc. Quarterly Report on Form 10-Q for the quarter ended July 31, 2014 formatted in Extensible Business Reporting Language (XBRL): (i) the Balance Sheets, (ii) the Statements of Operations, (iii) Statement of Stockholders’ Equity (Deficit), (iv) the Statements of Cash Flows and (v) related notes.
	#101.INS XBRL Instance Document.
	#101.SCH XBRL Taxonomy Extension Schema Document.
	#101.CAL XBRL Taxonomy Extension Calculation Linkbase Document.
	#101.LAB XBRL Taxonomy Extension Label Linkbase Document.
	#101.PRE XBRL Taxonomy Extension Presentation Linkbase Document.
	#101.DEF XBRL Taxonomy Extension Definition Linkbase Document.
	_________________
	# Filed herewith. In accordance with Rule 406T of Regulation S-T, these interactive data files are deemed “not filed” for purposes of section 18 of the Exchange Act, and otherwise are not subject to liability under that section.

Exhibit No. Description

31.1

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Joseph Isaac Gutnick

31.2

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Peter James Lee

32.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002 by Joseph Isaac Gutnick

32.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002 by Peter James Lee

101

The following materials from the Aurum, Inc. Quarterly Report on Form 10-Q for the quarter ended April 30, 2015 formatted in Extensible Business Reporting Language (XBRL): (i) the Balance Sheets, (ii) the Statements of Operations, (iii) Statement of Stockholders’ (Deficit), (iv) the Statements of Cash Flows and (v) related notes.

#101.INS

XBRL Instance Document.

#101.SCH

XBRL Taxonomy Extension Schema Document.

#101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document.

#101.LAB

XBRL Taxonomy Extension Label Linkbase Document.

#101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document.

#101.DEF

XBRL Taxonomy Extension Definition Linkbase Document.

_________________

Filing Compare · Aurum, Inc.