v2.4.1.9

Consolidated Statements Of Operations (Unaudited) (USD $)	3 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Revenue
Interest revenue	$ 23,551us-gaap_InterestIncomeOperating
Management fee and service revenue	40,325us-gaap_FeesAndCommissions
Total Revenue	63,876us-gaap_Revenues
Operating Expenses
Bad debts	17,500us-gaap_ProvisionForDoubtfulAccounts
Depreciation	29us-gaap_Depreciation	43us-gaap_Depreciation
General and administrative (Note 7 and Note 9)	114,510us-gaap_GeneralAndAdministrativeExpense	28,424us-gaap_GeneralAndAdministrativeExpense
Impairment of intangible assets (Note 11)	3,996,453
Total Operating Expenses	4,128,492us-gaap_OperatingExpenses	28,467us-gaap_OperatingExpenses
Loss Before Other Expense	(4,064,616)us-gaap_OperatingIncomeLoss	(28,467)us-gaap_OperatingIncomeLoss
Other Expense
Interest expense	6,537us-gaap_InterestExpense	7,371us-gaap_InterestExpense
Loss from Continuing Operations	(4,071,153)	(35,838)
Discontinued Operations
Loss from discontinued operations		(15)
Net Loss and Comprehensive Loss	$ (4,071,153)us-gaap_NetIncomeLoss	$ (35,853)us-gaap_NetIncomeLoss
Net Loss Per Share – Basic and Diluted	$ (0.07)us-gaap_EarningsPerShareBasicAndDiluted	$ 0.00us-gaap_EarningsPerShareBasicAndDiluted
Weighted Average Shares Outstanding	55,880,000	52,656,000

The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.

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Amount of fees and commissions from financial services and banking activities and correspondent clearing. Includes fees from depositor accounts, credit cards, merchant discounts, and fiduciary and trust activities, guarantee fees, investment advisory, management, and administrative fees, transfer agent fees, and insurance commissions.

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value.

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Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests.

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Amount of the cost of borrowed funds accounted for as interest expense.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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CHUMA HOLDINGS, INC. 10-Q/A