btim_10q.htm

0001640334-21-001587.txt : 20210719 0001640334-21-001587.hdr.sgml : 20210719 20210716185120 ACCESSION NUMBER: 0001640334-21-001587 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 58 CONFORMED PERIOD OF REPORT: 20210531 FILED AS OF DATE: 20210719 DATE AS OF CHANGE: 20210716 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOATIM INC. CENTRAL INDEX KEY: 0001622231 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 844779679 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-200629 FILM NUMBER: 211096517 BUSINESS ADDRESS: STREET 1: 7950 NW 53RD STREET STREET 2: SUITE 337 CITY: MIAMI STATE: FL ZIP: 33166 BUSINESS PHONE: (305) 239-9993 MAIL ADDRESS: STREET 1: 7950 NW 53RD STREET STREET 2: SUITE 337 CITY: MIAMI STATE: FL ZIP: 33166 FORMER COMPANY: FORMER CONFORMED NAME: Emerald Data Inc DATE OF NAME CHANGE: 20141014 10-Q 1 btim_10q.htm FORM 10-Q btim_10q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended May 31, 2021

☐ 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 333-200629

BOATIM INC.

(Exact name of small business issuer as specified in its charter)

Nevada

7370

84-4779679

State or other jurisdiction

of incorporation or organization

Primary Standard Industrial

Classification Number

IRS Employer

Identification Number

7950 NW 53rd Street, Suite 337, Miami, FL 33166.

Tel: +1 (786) 713-2340

(Address and telephone number of principal executive offices)

____________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

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 every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit 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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of July 12, 2021, there were 51,780,838 common shares issued and outstanding.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information included in this Quarterly Report on Form 10-Q and other filings of the Registrant under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as well as information communicated orally or in writing between the dates of such filings, contains or may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements in this Quarterly Report on Form 10-Q, including without limitation, statements related to our plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are the availability of working capital to fund our operations, the competitive market in which we operate, the efficient and uninterrupted operation of our computer and communications systems, our ability to generate a profit and execute our business plan, the retention of key personnel, our ability to protect and defend our intellectual property, the effects of governmental regulation, and other risks identified in the Registrant’s filings with the Securities and Exchange Commission from time to time.

In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. Although the Registrant believes that the expectations reflected in the forward-looking statements contained herein are reasonable, the Registrant cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither the Registrant, nor any other person, assumes responsibility for the accuracy and completeness of such statements. The Registrant is under no duty to update any of the forward-looking statements contained herein after the date of this Quarterly Report on Form 10-Q.

BOATIM INC.

QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

		Page
PART I FINANCIAL INFORMATION:

Item 1.	Consolidated Financial Statements (Unaudited)	4
	Consolidated Balance Sheets as of May 31, 2021 (Unaudited) and August 31, 2020	4
	Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended May 31, 2021 and May 31, 2020 (unaudited)	5
	Consolidated Statements of Changes in Stockholders’ Deficit for the Three and Nine Months Ended May 31, 2021 and May 31, 2020 (unaudited)	6
	Consolidated Statements of Cash Flows for the Nine Months Ended May 31, 2021 and May 31, 2020 (unaudited)	7
	Notes to the Unaudited Consolidated Financial Statements	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	21
Item 4.	Controls and Procedures	21

PART II OTHER INFORMATION:

Item 1.	Legal Proceedings	22
Item 1A.	Risk Factors	22
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	23
Item 3.	Defaults Upon Senior Securities	23
Item 4.	Submission of Matters to a Vote of Securities Holders	23
Item 5.	Other Information	23
Item 6.	Exhibits	24
	Signatures	25

Table of Contents

PART I. FINANCIAL INFORMATION

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

BOATIM INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	May 31,			August 31,
	2021			2020
	(Unaudited)
ASSETS
Current Assets
Cash	$	10,563		$	38,427
VAT Receivable		73,048			34,265
Total Current Assets		83,611			72,692

Deposits		9,581			4,787
Fixed assets, net		21,299			11,350
Capitalized software costs, net		490,253			259,156
Right of use asset - operating lease		76,020			162,304
Total non-current assets		597,153			437,597
TOTAL ASSETS	$	680,764		$	510,289

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	432,925		$	189,680
Related party loan		1,219,979			348,031
Loan payable		20,000			47,962
Convertible notes payable, net of unamortized discount		432,136			464,650
Derivative liability		-			307,446
Current portion - operating lease obligation		76,020			141,276
Total Current Liabilities		2,181,060			1,499,045

Non-current liabilities
Operating lease obligation, net of current portion		-			38,391

TOTAL LIABILITIES		2,181,060			1,537,436

STOCKHOLDER’S DEFICIT

Common stock: authorized 500,000,000; $0.001 par value, 51,780,838 and 50,500,011 shares issued and outstanding at May 31, 2021 and August 31, 2020, respectively		51,781			50,500
Additional paid in capital		1,974,501			(259,635	)
Accumulated deficit		(3,557,961	)		(797,306	)
Accumulated other comprehensive income (loss)		31,383			(20,706	)
Total Stockholder’s deficit		(1,500,296	)		(1,027,147	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	680,764		$	510,289

The accompanying notes are an integral part of these unaudited consolidated financial statements.

Table of Contents

BOATIM INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

	For Three Months Ended						For Nine Months Ended
	May 31,						May 31,
	2021			2020			2021			2020

Revenue	$	183		$	-		$	900

Operating Expenses:
Selling and marketing		20,999			-			257,088			-
General and administrative		319,327			209,346			1,692,362			452,035
Total Operating Expenses		340,326			209,346			1,949,450			452,035

Loss from operations		(340,143	)		(209,346	)		(1,948,550	)		(452,035	)

Other Income (Expense)
Change in fair value of derivative liability		(17,860	)		-			(209,068	)		-
Interest expense		28,014			-			(617,934	)		-
Gain on foreign exchange		14,897			-			14,897			-
Total other income (expense)		25,051			-			(812,105	)		-

Net loss before income tax provision		(315,092	)		(209,346	)		(2,760,655	)		(452,035	)
Provision for income tax		-			-			-			-

Net Loss	$	(315,092	)	$	(209,346	)	$	(2,760,655	)	$	(452,035	)
Other comprehensive loss:								-			-
Foreign currency translation adjustment		28,083			1,003			52,089			390
Total comprehensive loss	$	(287,009	)	$	(208,343	)	$	(2,708,566	)	$	(451,645	)

Net loss per common share
Basic and diluted	$	(0.01	)	$	(0.00	)		(0.05	)		(0.01	)

Weighted average common shares outstanding
Basic and diluted		51,701,577			50,500,011			51,110,589			50,500,011

The accompanying notes are an integral part of these unaudited consolidated financial statements.

Table of Contents

BOATIM INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE NINE MONTHS ENDED MAY 31, 2021 AND MAY 31, 2020

(Unaudited)

	Common Stock		Common Stock		Additional			Accumulated Other Comprehensive
	Number of Shares		Par Value		Paid in Capital			Income (Loss)			Accumulated Deficit			Totals

Balance - August 31, 2020		50,500,011	$	50,500	$	(259,635	)	$	(20,706	)	$	(797,306	)	$	(1,027,147	)

Foreign currency translation adjustment		-		-		-			(15,814	)		-			(15,814	)
Net loss		-		-		-			-			(939,319	)		(939,319	)
Balance - November 30, 2020		50,500,011	$	50,500	$	(259,635	)	$	(36,520	)	$	(1,736,625	)	$	(1,982,280	)

Foreign currency translation adjustment		-		-		-			39,820			-			39,820
Stock based compensation		-		-		704,228			-			-			704,228
Conversion of note payable to common stock		1,145,789		1,146		1,058,854			-			-			1,060,000
Resolution of derivative liability		-		-		532,647			-			-			532,647
Net loss		-		-		-			-			(1,506,244	)		(1,506,244	)
Balance – February 28, 2021		51,645,800	$	51,646	$	2,036,094		$	3,300		$	(3,242,869	)	$	(1,151,829	)

Foreign currency translation adjustment		-		-		-			28,083			-			28,083
Stock based compensation (forfeiture)		-		-		(123,958	)		-			-			(123,958	)
Conversion of note payable to common stock		135,038		135		62,365			-			-			62,500
Net loss		-		-		-			-			(315,092	)		(315,092	)
Balance – May 31, 2021		51,780,838	$	51,781	$	1,974,501		$	31,383		$	(3,557,961	)	$	(1,500,296	)

	Common Stock		Common Stock		Additional			Accumulated Other Comprehensive
	Number of Shares		Par Value		Paid in Capital			Income (Loss)			Accumulated Deficit			Totals

Balance – August 31, 2019		50,500,011	$	50,500	$	(403,425	)	$	(407	)	$	(387,392	)	$	(740,724	)
Forgiveness of related party loan		-		-		81,290			-			-			81,290
Foreign currency translation adjustment		-		-		-			(454	)		-			(454	)
Net loss		-		-		-			-			(77,681	)		(77,681	)
Balance - November 30, 2019		50,500,011	$	50,500	$	(322,135	)	$	(861	)	$	(465,073	)	$	(737,569	)

Foreign currency translation adjustment		-		-		-			(159	)		-			(159	)
Net loss												(165,008	)		(165,008	)
Balance - February 29, 2020		50,500,011	$	50,500	$	(322,135	)	$	(1,020	)	$	(630,081	)	$	(902,736	)

Foreign currency translation adjustment		-		-		-			1,003			-			1,003
Net loss												(209,346	)		(209,346	)
Balance - May 31, 2020		50,500,011	$	50,500	$	(322,135	)	$	(17	)	$	(839,427	)	$	(1,111,079	)

The accompanying notes are an integral part of these unaudited consolidated financial statements.

Table of Contents

BOATIM INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Nine Months ended May 31,
	2021			2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(2,760,655	)	$	(452,035	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		2,576			-
Change in fair value of derivative liability		209,068			-
Stock based compensation		580,270			-
Amortization of discount - convertible notes		617,934			-
Amortization of capitalized software		44,155			-
Amortization of right of use asset		86,284			-
Changes in operating assets and liabilities:
VAT Receivable		(38,783	)		(11,088	)
Deposits		(4,794	)		-
Accounts payable and accrued liabilities		243,245			(4,145	)
Operating lease obligations		(103,647	)		-
Net Cash Used in Operating Activities		(1,124,347	)		(467,268	)

CASH FLOWS FROM INVESTING ACTIVITIES
Fixed asset purchases		(12,525	)		-
Capitalized software development costs		(275,252	)		-
Net Cash Used in Investing Activities		(287,777	)		-

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party loan		871,948			486,074
Proceeds from loan payable		20,000			-
Repayment of loan payable		(47,962	)
Proceeds from issuance of convertible promissory notes		488,185			-
Net Cash Provided by Financing Activities		1,332,171			486,074

EFFECT OF EXCHANGE RATE CHANGES ON CASH		52,089			390

Net change in cash for the year		(27,864	)		19,196
Cash at beginning of the year		38,427			15,691
Cash at end of the year	$	10,563		$	34,887

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-

NON-CASH INVESTING AND FINANCING ACTIVITIES
Conversion of convertible promissory notes to common stock	$	1,122,500		$	-
Resolution of derivative liability	$	532,647
Debt discount from derivative liability		16,133			-
Forgiveness of related party loan	$	-		$	81,290

The accompanying notes are an integral part of these unaudited consolidated financial statements.

Table of Contents

BOATIM INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

May 31, 2021

(Unaudited)

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Boatim Inc. formerly known as Emerald Data Inc. (“we”, “our, “Boatim”, the “Company”) is a for profit corporation established under the corporate laws of the State of Nevada on August 15, 2014. On January 24, 2019 the Company´s board and shareholders passed a motion to change the Company name to “BOATIM INC.” Its fiscal year end is August 31.

Boatim, Inc. established Boatim Europe S.L. (“Boatim Europe”) as a private limited company pursuant to the laws of Spain on December 18, 2019, with the Company having indirect ownership of one hundred percent of the issued and outstanding membership interests of Boatim Europe. In December 2020, the Company finalized the process of collecting and submitting all required paperwork to the Spanish authorities to enter Boatim Inc. as direct owner on public records in Spain, making Boatim Europe a wholly owned subsidiary of the Company.

Originally in the business of producing and distributing furniture, the business was changed to online food blogging as a promotion channel for restaurants, bars and fine dining. Subsequently, following the acquisition of the Boatim software platform, the Company expanded into the boating industry by further developing the software platform. The Boatim software platform is an online boat trading marketplace, combining data-driven technology and digital marketing capabilities to offer a rolling subscription for service model of access to the platform for the extensive market of global boat dealers.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany accounts, balances and transactions have been eliminated in the consolidation as at May 31, 2021.

Basis of Presentation

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. The unaudited interim financial statements should be read in conjunction with those financial statements for the year ended August 31, 2020 included in the Form 10-K filed with the Securities and Exchange Commission. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2021 are not necessarily indicative of the results that may be expected for the year ending August 31, 2021.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

Table of Contents

Fixed Assets

Fixed assets are stated at historical cost less accumulated depreciation. The historical cost of acquiring an item of fixed assets includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. Costs associated with repairs and maintenance are expensed as incurred. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are 3 years.

Revenue Recognition

The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

Fair Value of Financial Instruments

ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of August 31, 2020 and 2019.

Authoritative literature provides a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement as follows:

Level 1 - Quoted market prices available in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accounts payable, convertible notes and notes payable. Fair values were assumed to approximate carrying values for these financial instruments due to their short-term maturities.

Foreign Currency

Assets and liabilities of Boatim Europe are translated into U.S. dollars at the respective rates of exchange prevailing at the end of the reporting period. Income and expense accounts are translated at average exchange rates prevailing during the reporting period. Translation adjustments resulting from this process are recorded directly in equity as accumulated other comprehensive (loss) income (“AOCI”) and will be included as income or expense only upon sale or liquidation of the underlying entity. Boatim Europe considers its local currency (EURO) as its functional currency.

Table of Contents

In accordance with ASC Topic 830-30, “Translation of Financial Statements”, monetary asset and liability accounts are translated into the Company’s reporting currency, the US dollar, using the closing exchange rate in effect at the balance sheet date, nonmonetary accounts are translated using historical exchange rates and income and expense accounts are translated using the average exchange rate prevailing during the reporting period.

Translation of amounts from the local currency of Boatim Europe into US$ has been made at the following exchange rates:

May 21,

2021

August 31,

2020

Current EUR: US$ exchange rate

1.2139

1.1991

Average EUR: US$ exchange rate

1.1974

1.1136

Capitalized Software Development Costs

Computer software development costs related to software developed for internal use falls under the accounting guidance of ASC Topic 350-40, Intangibles Goodwill and Other–Internal Use Software, in which computer software costs are expensed as incurred during the preliminary project stage and capitalization begins in the application development stage once the capitalization criteria are met. Costs associated with post implementation activities are expensed as incurred.

Costs capitalized during the application development stage include external direct costs of materials and services consumed in developing or obtaining internal-use software. During the nine months ended May 31, 2021 and for the fiscal year ended to August 31, 2020, the Company capitalized $275,252 and $259,156 in software development costs. Software costs are included in “Capitalized software costs, net” on the Company’s consolidated balance sheets and are depreciated using the straight-line method over their estimated useful life of five years.

Impairment of Long-Lived Assets

The Company’s long-lived assets, including intangibles, are reviewed for impairment whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Long-lived assets were evaluated for impairment and the Company recorded impairment loss on Capitalized software development costs of $0 and $0 during the nine months ended May 31, 2021 and 2020, respectively.

Leases

As of September 1, 2019, the Company adopted the provisions of “Accounting Standards Codification Topic 842 Leases (ASC 842)” using the modified retrospective basis for all agreements

The Company recognizes a right-of-use asset and lease liability for all financing and operating leases with terms greater than twelve months. The lease liability is measured based on the present value of the lease payments not yet paid. The right-of-use asset is measured based on the initial measurement of the lease liability adjusted for any direct costs incurred upon commencement of the lease. The right-of-use assets are amortized on a straight-line basis over the lease term and are tested for impairment in a manner consistent with the other long-lived assets held by the Company.

Table of Contents

Derivative Instrument Liability

The Company accounts for derivative instruments in accordance with ASC 815, which establishes accounting and reporting standards for derivative instruments and hedging activities, including certain derivative instruments embedded in other financial instruments or contracts and requires recognition of all derivatives on the balance sheet at fair value, regardless of hedging relationship designation. Accounting for changes in fair value of the derivative instruments depends on whether the derivatives qualify as hedging relationships and the types of relationships designated are based on the exposures hedged.

Use of Estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Management makes its best estimate of the outcome for these items based on information available when the financial statements are prepared. Actual results could differ from those estimates.

Basic and Diluted Loss Per Share

The Company computes earnings (loss) per share in accordance with ASC 260-10-45 “Earnings per Share”, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. For the three and nine months ended May 31, 2021 and May 31, 2020, potential dilutive instruments were anti-dilutive due to the Company’s net losses.

Stock Based Compensation

The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors and non-employees (effective September 1, 2019), the fair value of the award is measured on the grant date. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the award, usually the vesting period. Stock-based compensation expense is recorded by the Company in the same expense classification in the consolidated statements of operations and comprehensive loss, as if such amounts were paid in cash. The Company elected to account for forfeitures as they occur.

Recent Accounting Pronouncements

On December 18, 2019, the FASB issued ASU 2019-12, which modifies ASC 740 to simplify the accounting for income taxes. The ASU’s amendments are based on changes that were suggested by stakeholders as part of the FASB’s simplification initiative (i.e., the Board’s effort to reduce the complexity of accounting standards while maintaining or enhancing the helpfulness of information provided to financial statement users. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company is evaluating the impact of this on its consolidated financial statements.

On January 16, 2020, the FASB issued ASU 2020-01 in response to an EITF consensus. The ASU makes improvements related to the following two topics: (a) Accounting for certain equity securities when the equity method of accounting is applied or discontinued — The ASU clarifies that “an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method.” (b) Scope considerations related to forward contracts and purchased options on certain securities — The ASU clarifies that “for the purpose of applying paragraph 815-10- 15-141(a) an entity should not consider whether, upon the settlement of the forward contract or exercise of the purchased option, individually or with existing investments, the underlying securities would be accounted for under the equity method in Topic 323 or the fair value option in accordance with the financial instruments guidance in Topic 825.” This ASU is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company is evaluating the impact of this on its consolidated financial statements.

Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or in management’s opinion will not have a material impact on the Company’s present or future consolidated financial statements.

Table of Contents

NOTE 3 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, the Company had minimal revenues for the nine months ended May 31, 2021 and incurred recurring losses. In addition, the Company had a negative working capital as of May 31, 2021 and has not completed its efforts to establish a stable source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on borrowings from a related party to fund operating expenses. There are no assurances that the Company will be successful in any of its endeavors or become financially viable and continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

NOTE 4 – RELATED PARTY TRANSACTIONS

Mr. Robert Glass, a lawyer, is providing services free of charge from time to time, such services involving advice on accounting matters and processing of information for reporting services.

On September 12, 2019, Veng Kun Lun, a former officer and director of the Company, forgave all amounts due to him from the Company, totaling $81,290, which was recorded as additional paid in capital.

During the nine months ended May 31, 2021, Cayo Ventures GmbH (“Cayo”), a related party, advanced a total of $871,948 to the Company. Cayo is owned by the former majority shareholder and former officer, Mr. Yves Toelderer. As of May 31, 2021, the Company owed a total of $1,219,979 to Cayo, which includes $2,833 owed to Yves Toelderer. These loans are unsecured, non-interest bearing and due on demand.

During the year ended August 31, 2019, the Company issued a note in the amount of $500,000 to Cayo for the purchase of the Boatim software platform. The note matured on January 23, 2020 but was extended to January 23, 2021. On July 21, 2020, the Company cancelled the note when Cayo transferred its claim against the Company to an unrelated party. On the same date, Cayo also assigned a portion of the related party loans (see above) amounting to $560,000 to another unrelated party. The Company then issued convertible notes to these unrelated parties. (See Note 7).

On June 1, 2020, the Company entered into services agreement with Mr. Wolfgang Tippner, who is an officer of the Company, as Chief Executive Officer. The agreement calls for a sign-on bonus of $24,000, payable within 6 months from the date of the agreement and a cash compensation for his services of $8,000 per month. During the nine months ended May 31, 2021, a total of $0 has been paid to Mr. Tippner. As of May 31, 2021, $120,000 in accrued compensation remains outstanding.

On June 1, 2020, the Company entered into a services agreement with Mr. Patrick Heneise, who is a Director of the Company, as Chief Technology Officer. The agreement calls for an equity bonus of 200,000 common shares of the company within 6 months of the date of the agreement. As cash compensation for his services, he is to receive a total of €35,000, payable at €2,500 per month for technology consulting services and a €5,000 executive services fee payable annually. During the nine months ended May 31, 2021, a total of $14,922 has been paid to Mr. Heneise. As of May 31, 2021, and August 31, 2020, $25,375 and $8,864 in accrued compensation remains outstanding, respectively. During the nine months ended May 31, 2021 the Company recognized $250,000 of stock-based compensation expense for the 200,000 shares earned by Mr. Heneise.

Table of Contents

On June 15, 2020, the Company entered into a service agreement with Mr. Chris Roy, who was a former member of the Board of Directors of the Company, as Chief Product Officer. The agreement calls for a base salary of €125,000 per year. In addition, Mr. Roy is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $77,748 has been paid to Mr. Roy. As of May 31, 2021, $0 in accrued compensation remains outstanding. Mr. Chris Roy resigned as a member of the Board of Directors on February 12, 2021.

On July 1, 2020, the Company entered into a service agreement with Mr. Patrick Burkert, who was a former member of the Board of Directors of the Company, as Chief Marketing Officer. The agreement calls for a sign on bonus of 500,000 shares of restricted common stock, of which 50,000 shares are due within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. He will also receive a base salary of €144,000 per year. In addition, Mr. Burkert is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $86,121 has been paid to Mr. Burkert in cash compensation. As of May 31, 2021, $0 in accrued cash compensation remains outstanding. As of May 31, 2021, there was $0 earned or accrued for a performance-based bonus. During the nine months ended May 31, 2021 the Company recognized $250,000 of stock-based compensation expense for the 200,000 shares earned by Mr. Burkert.

Mr. Patrick Burkert resigned as a member of the Board of Directors on February 12, 2021.

On January 1, 2021, the Company entered into a service agreement with Mr. Benjamin Salter, as Director and Chief Financial Officer. The agreement calls for a sign on bonus of options for 500,000 shares of common stock at a strike price of $0.10 per share. See Note 9. The options must be exercised within 15 months from the date of the agreement and can be executed no earlier as follows: 50,000 within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. The agreement calls for a base salary of Swiss francs (CHF) 150,000 per year, increasing to CHF 180,000, payable in increments of CHF 15,000 per month from April 1, 2021 onward. In addition, Mr. Salter is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $60,966 has been paid to Mr. Salter in cash compensation. As of May 31, 2021, $46,073 in accrued cash compensation remains outstanding. As of May 31, 2021, there was $0 earned or accrued for a performance-based bonus. During the nine months ended May 31, 2021 the Company recognized $64,493 of stock-based compensation expense for the options granted under this service agreement. Mr. Salter resigned as a member of the Board of Directors and as CFO on March 19, 2021 but continues with the Company heading business development and operations in Europe.

On April 01, 2021, the Company entered into an independent contractor agreement with Mr. Salter, as Head of Operations. The agreement calls for a monthly payment of CHF 14,000 per month with CHF 8,000 to be paid in cash and the balance of $6,000 to be deferred on a monthly basis up to an amount not exceeding CHF 70,000 with payment terms to be decided by the Company. In addition, Mr. Salter is to receive options for 25,000 shares of common stock each month at a strike price of $0.10 per share with a term of 15 months. The Company agreed to also make a cash payment to Mr. Slater on exercise of his options of $2,500. During the nine months ended May 31, 2021, the Company recognized $15,777 of stock-based compensation expense for the options granted under this agreement.

On March 19, 2021, the Company entered into a service agreement with Mr. Mario Beckles, as Director and Chief Financial Officer, commencing on April 1, 2020. The agreement calls for cash compensation in the amount of $3,000 per month to be paid monthly. As of May 31, 2021, $15,000 has been paid to Mr. Beckles in cash compensation. As of May 31, 2021, $7,500 in accrued cash compensation is outstanding.

NOTE 5 – LEASES

On February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The ASU introduces a new leasing model for both lessees and lessors. Topic 842 provides guidance in how to identify whether a lease arrangement exists. Management has evaluated its leasing arrangements and has classified these as operating leases. Additionally, the lease terms of each of our office leases are short term in nature, however, the Company elected to apply ASC Topic 842 to these leases, because we intend to renew each lease for terms longer than 12 months. As a result of the adoption of ASC Topic 842, the Company recognized a right-of-use asset and operating lease liabilities of $250,066 based on the present value of the minimum rental payments utilizing a discount rate of 2.19%.

Table of Contents

Operating Lease Obligations

On August 01, 2019, the Company entered into an office lease for a six-person office space located at Marina Port Vell Carrer de l’Escar, 26, 08039 Barcelona Spain with OnCoWork. The lease calls for rent payments of €2,340 plus VAT in monthly payments. The lease began August 1, 2019, is month to month with a six-month permanency clause, of which management intends to renew.

On December 01, 2019, the Company entered into an office lease for a nine-person office space located at Marina Port Vell Carrer de l’Escar, 26, 08039 Barcelona Spain with OneCoWork. The lease calls for rent payments of €3,120 plus VAT in monthly payments. The lease began December 1, 2019, is month to month with a six-month permanency clause, of which management intends to renew.

On April 20, 2020, the Company entered into an office lease for a six-person office space located at Marina Port Vell Carrer de l’Escar, 26, 08039 Barcelona Spain with OneCoWork. The lease calls for rent payments of €2,550 plus VAT in monthly payments. The lease began April 20, 2020 is month to month with a six-month permanency clause, of which management intends to renew.

The Company has recorded operating lease expense in the amount of $83,155 during the nine months ended May 31, 2021. As of May 31, 2021, and August 31, 2020, the discount rate for these leases is 2.19% and the weighted average remaining term is 9 months.

Future minimum operating lease payments consist of:

2021	$	76,970
2022		-
2023		-
Total minimum lease payments		76,970
Less: present value discount		(950	)
Present value of minimum lease payments		76,020
Current portion of operating lease obligation		76,020
Operating lease obligation, less current portion	$	-

NOTE 6 – LOAN PAYABLE

On February 11, 2021, the Company received a short-term loan from an unrelated third party in the amount of $20,000. The loan is unsecured, has no maturity date and is non-interest bearing. As of May 31, 2021, $20,000 remains outstanding.

NOTE 7 – CONVERTIBLE NOTES

On July 21, 2020, the Company issued convertible notes in the amount of $500,000 and $560,000 to two unrelated parties, in exchange for their assumption of the December 8, 2018 note and related party loans owed to Cayo for the same amounts. (See Note 4). The notes do not bear interest and matured on January 22, 2021. The first note in the amount of $500,000 is convertible into common shares at the rate equivalent to 70% of the Company’s 30-day average stock price prior to conversion. The second note in the amount of $560,000 is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion.

On January 10, 2021 the holder of the note in the amount of $500,000 converted $500,000 of its note into 578,680 shares of common stock and the unamortized discount at the date of conversion of $27,838 was written off to interest expense.

Table of Contents

On January 10, 2021 the holder of the note in the amount of $560,000 converted $560,000 of its note into 567,108 shares of common stock and the unamortized discount at the date of conversion of $22,439 was written off to interest expense.

On September 22, 2020, the Board approved the issuance of up to $5,000,000 in new convertible notes, in multiple tranches, convertible at maturity into common shares. At May 31, 2021 the Company has received tranches of $62,500, $44,550, $60,000, $110,000, $130,000, and $82,700 respectively from unrelated parties under this facility. The note in the amount of $62,500 matures on March 31, 2021 and is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion. The note in the amount of $44,550 matures on June 22, 2021, the note in the amount of $60,000 matures on July 22, 2021, the note in the amount of $110,000 matures on August 22, 2021, the note in the amount of $130,000 matures on September 22, 2021 and the note in the amount of $82,700 matures on October 01, 2021; these notes are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock. Due to these provisions, convertible notes with variable conversion prices that do not include a floor price qualified for derivative accounting under ASC 815-15, Derivatives and Hedging (See Note 8).

On April 23, 2021 the holder of the note in the amount of $62,500 converted $62,500 of its note into 135,038 shares of common stock.

A summary of changes to the convertible notes for the nine months ended May 31, 2021 is as follows:

Carrying value of Convertible Notes at August 31, 2020	$	464,650
New principal		489,750
Total principal		954,400
Less: conversion of principal		(1,122,500	)
Less: discount related to fair value of the embedded conversion feature		(16,133	)
Less: discount related to original issue discount		(1,565)
Add: amortization of discount		617,934
Carrying value of Convertible Notes at May 31, 2021	$	432,136

NOTE 8 – DERIVATIVE LIABILITY

The Company has determined that the variable conversion prices under its convertible notes that do not have a floor price caused the embedded conversion feature to be accounted for as a derivative instrument. The remaining notes as of May 31, 2021, are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock.

The change in fair values of the derivative liabilities related to the Convertible Notes for the nine months ended May 31, 2021is summarized as:

			Quoted market prices
	Fair value at		for identical		Significant other		Significant
	May 31,		assets/liabilities		observable inputs		unobservable inputs
	2021		(Level 1)		(Level 2)		(Level 3)
Derivative Liability	$	-	$	-	$	-	$	-
Fair value of derivatives at August 31, 2020							$	307,446
Addition of new derivative liabilities upon issuance of convertible notes as debt discount								16,133
Reduction of derivative liabilities from conversion of convertible notes to shares of common stock								(532,647	)
Loss on change in fair value of derivative liabilities								209,068
Fair value of derivative liabilities at May 31, 2021							$	-

NOTE 9 – COMMON STOCK

As of May 31, 2021, and August 31, 2020, a total of 51,780,838 and 50,500,011 shares of common stock were issued and outstanding. The Company has not issued the stock-based compensation of 250,000 shares of common stock to Patrick Burkert or the 200,000 shares of common stock to Patrick Heneise.

During the nine months ended May 31, 2021, the Company issued 1,280,827 common shares to satisfy the conversion of $1,122,500 of convertible promissory notes.

NOTE 10 - SHARE-BASED COMPENSATION

Stock Options

During the nine months ended May 31, 2021, the Company granted options for the purchase of the Company’s common stock to certain employees and consultants as consideration for services rendered. The terms of the stock option grants are determined by the Company’s Board of Directors. The Company’s stock options generally vest upon the one-year anniversary date of the grant and have a maximum term of fifteen months.

The following summarizes the stock option activity for the nine months ended May 31, 2021:

	Options Outstanding			Weighted-Average Exercise Price
Balance as of August 31, 2020		-			-
Grants		550,000		$	0.10
Exercised		-			-
Forfeited		(450,000	)		-
Balance as of May 31, 2021		100,000		$	0.10

Table of Contents

The weighted average grant date fair value of stock options granted during the nine months ended May 31, 2021 was $1.20. The total fair value of stock options granted during the nine months ended May 31, 2021 was approximately $660,707. The total fair value of stock options that was forfeited during the nine months ended May 31, 2021 was approximately $580,000. The fair value of each stock option is estimated on the date of grant using the Black-Scholes-Merton option pricing model with the following weighted average assumptions for stock options granted during the six months ended May 31, 2021:

Expected term (years)	1.25 years
Expected stock price volatility	110-632%
Weighted-average risk-free rate	0.10-0.16%
Expected dividend		-

Volatility is a measure of the amount by which a financial variable such as share price has fluctuated (historical volatility) or is expected to fluctuate (expected volatility) during a period. The Company estimates expected volatility giving primary consideration to the historical volatility of its common stock. The risk-free interest rate is based on the published yield available on U.S. Treasury issues with an equivalent term remaining equal to the expected life of the stock option. The expected lives of the stock options represent the estimated period of time until exercise or forfeiture and are based on the simplified method of using the mid-point between the vesting term and the original contractual term.

The following summarizes certain information about stock options vested and expected to vest as of May 31, 2021:

	Number of Options		Weighted-Average Remaining Contractual Life (in Years)		Weighted-Average Exercise Price
Outstanding		100,000		0.84	$	0.10
Exercisable		100,000		0.84	$	0.10
Expected to vest		-		0.84	$	0.10

Restricted Stock Awards

During the nine months ended May 31, 2021, the Company issued restricted stock awards for shares of common stock which have been reserved for the holders of the awards. Restricted stock awards were issued to certain employees and consultants as consideration for services rendered. The terms of the restricted stock units are determined by the Company’s Board of Directors. The Company’s restricted stock shares generally vest over a period of one year.

Table of Contents

The following summarizes the restricted stock activity for the nine months ended May 31, 2021 and year ended August 31, 2020:

	Shares			Weighted-Average Fair Value per Share
Balance as of August 31, 2019		-			-
Shares of restricted stock granted		700,000		$	1.25
Forfeited		-			-
Balance as of August 31, 2020		700,000		$	1.25
Shares of restricted stock granted		-			-
Forfeited	(250,000		)		-
Balance as of May 31, 2021		450,000		$	1.25

	May 31,		August 31,
Number of Restricted Stock Swards	2021		2020
Vested		450,000		62,500
Non-vested		-		637,500
		450,000		700,000

As of May 31, 2021, and August 31, 2020, there was unrecognized compensation cost of $0 and $812,500, related to non-vested share-based compensation, respectively, which is expected to be recognized over the next year.

NOTE 11 – SUBSEQUENT EVENTS

On June 02, 2021 Patrick Heneise resigned as Director which took effect on June 30, 2021.

On June 22, 2021, the Company entered into an employment agreement with Mr. Joseph Johnson, as a member of the Board of Directors and as Chief Executive Officer. The agreement provides for a base salary of $250,000 per year, subject to an inflationary increase using the US Consumer Price Index. The agreement also provides for an annual incentive bonus equal to 200% of his base salary and a sign on bonus of 1,000,000 shares of unrestricted common stock which will be fully vested with a service period of six (6) months from the date of the agreement. In addition, Mr. Johnson is eligible to receive a performance bonus equal to 1,000,000 fully vested shares of common stock for each net liquid $1,000,000 in equity raised by the Company during his first six (6) months of tenure as CEO, up to a maximum of 5,000,000 shares.

On June 06, 2021 the Company issued $44,420 in a convertible note to an unrelated party, which is non-interest bearing and matures on September 22, 2021. It is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock.

Table of Contents

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward looking statement notice

Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.

In March 2020, the World Health Organization categorized Coronavirus Disease 2019 (“COVID-19”) as a pandemic, and the President of the United States declared the COVID-19 outbreak a national emergency. The services we provide are currently designated an essential critical infrastructure business under the President’s COVID-19 guidance, the continued operation of which is vital for national public health, safety and national economic security. The extent of the impact of the COVID-19 outbreak on our operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, its impact on our customers and vendors, and the range of governmental and community reactions to the pandemic, which are uncertain and cannot be fully predicted at this time.

General

Boatim Inc. was incorporated in the State of Nevada as Emerald Data Inc., a for-profit company on August 15, 2014 and established a fiscal year end of August 31. On January 24^th, 2019, the company name was changed to Boatim Inc. On April 29, 2019, Mr. Wolfgang Tippner was appointed as a new director and CEO of the company. On November 07, 2019, the Company’s Board of Directors approved a 3 for 1 Reverse stock Split. All share amounts have been retroactively adjusted to reflect the reverse stock split.

On June 10, 2020, Mr. Patrick Burkert was appointed as Director & Chief Marketing Officer, followed by Mr. Chris Roy, who was appointed Director & Chief Product Officer of the Company on June 15, 2020. On February 12, 2021, Mr. Chris Roy and Mr. Patrick Burkert resigned as members of the Board of Directors (the “Board”) of Boatim Inc. (the “Company”) to pursue other business opportunities. Mr. Roy´s and Mr. Burkert´s resignations were not due to any disagreement with the Company, its policies or practices.

On March 19, 2021, Mr. Mario Beckles, CPA was appointed as a member of the board of Directors (“Board”) of Boatim Inc. (“Company”) effective immediately and as new Chief Financial Officer of the company, commencing on April 1, 2021. The appointment was approved by the shareholders of the corporation representing approximately 63% of the issued and outstanding stock of the Company.

Mr. Beckles has over 20 years of experience in financial reporting, financial accounting, tax and audit works. He is US based (FL) and his areas of expertise include, inter alia, information technology and retail. He began his career as a Senior Auditor with Deloitte and has since held positions as CFO of First Liberty Power Corp, a publicly traded mining company, was a Partner at Jersey Fortress Capital Partners, a boutique investment banking firm or was a Senior Financial Reporting Analyst with SimplexGrinnell, a $2B Fire & Security Contractor. Mario is a member of the American Institute of Certified Public Accountants and holds a CPA license with the state board of Florida.

Table of Contents

Mario replaces Boatim Inc.´s prior CFO, Mr. Benjamin Salter, whose resignation was accepted by the shareholders on that same date as part of reorganizing leadership with a stronger emphasis on US markets. Mr. Salter continues with the Company heading business development and operations in Europe.

The largest shareholder of Boatim Inc. with a holding of 32,766,667 shares of common stocks is JTT Global Ventures Ltd. That position represents 63.44% of the Company’s voting rights.

Boatim, Inc. established Boatim Europe S.L. (“Boatim Europe”) as a private limited company pursuant to the laws of Spain on December 18, 2019, with the Company having indirect control of one hundred percent of the issued and outstanding membership interests of Boatim Europe. Boatim Europe commenced operations in February 2020 and is engaged in the business of providing software development, marketing, and selling services for Boatim Inc.

In December 2020, the Company finalized the process of collecting and submitting all required paperwork to the Spanish authorities to enter Boatim Inc. as direct owner on public records in Spain, making Boatim Europe a wholly owned subsidiary of the Company.

On February 27, 2020 the Company received OTC approval on its up listing to the OTCQB venture market exchange, which is a well recognized trading market for smaller fast-growing companies which meet certain reporting and transparency procedures, which are a prerequisite to be admitted to this market. The Company trades under the ticker symbol “BTIM”.

On May 29, 2020, the up listing was followed by DTC´s confirmation of the Company´s DWAC capability, a technical back-end feature allowing brokers to clear the Company´s stocks directly broker to broker, fast and seamless settlements.

Recent developments

In early 2020, the World Health Organization declared the rapidly spreading coronavirus disease (COVID-19) outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to combat the spread of the virus. Due to the outbreak and spread of COVID-19, the Company’s management and advisors responsible for financial reporting have experienced administrative delays, include travel restrictions and reduced work hours. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at May 31, 2021. The Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or a revision of the carrying value of its assets or liabilities as of the date of issuance of this Quarter Report on Form 10-Q. These estimates may change, as new events occur, and additional information is obtained.

Results of operations

The following comparative analysis on results of operations was based primarily on the comparative financial statements, footnotes and related information for the periods identified below and should be read in conjunction with the financial statements and the notes to those statements that are included elsewhere in this report.

Table of Contents

Results of Operations for the Nine Months Ended May 31, 2021 and May 21, 2020

Operating expenses

Operating expenses comprised of selling and marketing, and general and administrative expenses were $1,949,450 for the nine months ended May 31, 2021, compared to $452,035 for the nine months ended May 31, 2020, an increase of $1,497,415. The increase is due to increased operating expenses associated with an increased investment of resources into marketing, sales, and software maintenance.

Net Loss

Net loss for the nine months ended May 31, 2021 was $2,760,655 compared to $452,035 for the nine months ended May 31, 2020. As well as the reasons discussed above, other income (expenses) comprised interest expense of $617,934, loss on derivative of $209,068 and gain on foreign exchange of $14,897.

Liquidity and capital resources

At May 31, 2021, we had $10,563 in cash and there were outstanding liabilities of $2,181,060 (cash of $38,427 and liabilities of $1,537,436 as of August 31, 2020, respectively). The stockholders’ deficit was $1,500,296 as of May 31, 2021 and $1,027,147 as of August 31, 2020.

There was $1,124,347 cash used by operations in the nine months ended May 31, 2021 ($467,268 net cash used in operating activities during the nine months ended May 31, 2020, respectively), $287,777 used in cash for investing activities for the nine months ended May 31, 2021 ($0 used in cash for investing for the nine months ended May 31, 2020) and $1,332,171 cash provided through financing activities during the nine months ended May 31, 2021 ($486,074 for the nine months ended May 31, 2020). This resulted in a reduction of $27,864 in net cash during the nine months ended May 31, 2021 ($19,196 increase in net cash during the nine months ended May 31, 2020, respectively).

Cayo Ventures GmbH has verbally agreed to continue to loan the company funds for operating expenses in a limited scenario, but it has no legal obligation to do so.

There is limited historical financial information about us upon which to base an evaluation of our performance. We have meaningfully commenced business operations based upon the amount of revenue we have been able to generate. We are in start-up stage of operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Off-balance sheet arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Table of Contents

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

This item is not applicable as we are currently considered a smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our CEO and CFO have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this document. Based on the evaluation, they have concluded that our disclosure controls and procedures are not effective in timely alerting them to material information relating to us that is required to be included in our periodic SEC filings and ensuring that information required to be disclosed by us in the reports we file or submit under the Act is accumulated and communicated to our management, including our chief financial officer, or person performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our disclosure controls and procedures were not effective as of May 31, 2021 due to the material weaknesses as disclosed in the Company’s Annual Report on Form 10-K filed with the SEC.

Limitations of the Effectiveness of Disclosure Controls and Internal Controls

Our management, including our Principal Executive Officer and Principal Financial Officer, does not expect that our disclosure controls and internal controls will prevent all error and all fraud. 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. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control.

The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving our stated goals under all potential future conditions; over time, a control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting during the quarter ended May 31, 2021, which were identified in connection with our management’s evaluation required by paragraph (d) of rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Table of Contents

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

THE EFFECTS OF THE RECENT COVID-19 CORONAVIRUS PANDEMIC ARE NOT IMMEDIATELY KNOWN, BUT MAY ADVERSELY AFFECT OUR BUSINESS, RESULTS OF OPERATIONS, FINANCIAL CONDITION, LIQUIDITY, AND CASH FLOW.

Presently, the impact of COVID-19 has not shown any imminent adverse effects on our business. This notwithstanding, it is still unknown and difficult to predict what adverse effects, if any, COVID-19 can have on our business, or against the various aspects of same, or how COVID-19 will continue to effect the world as the virus case numbers rise and fall.

As of the date of this Annual Report, COVID-19 coronavirus has been declared a pandemic by the World Health Organization, has been declared a National Emergency by the United States Government. COVID-19 coronavirus caused significant volatility in global markets. The spread of COVID-19 coronavirus has caused public health officials to recommend precautions to mitigate the spread of the virus, especially as to travel and congregating in large numbers. In addition, certain countries, states and municipalities have enacted, quarantining and “shelter-in-place” regulations which severely limit the ability of people to move and travel and require non-essential businesses and organizations to close. While some places have lessened their “shelter-in-place” restrictions and travel bans, as they are removed there is no certainty that an outbreak will not occur, and additional restrictions imposed again in response.

It is unclear how such restrictions, which will contribute to a general slowdown in the global economy, will affect our business, results of operations, financial condition and our future strategic plans. Shelter-in-place and essential-only travel regulations could negatively impact us. The current status of COVID-19 coronavirus closures and restrictions could negatively impact our ability to receive funding from our existing capital sources as each business is and has been affected uniquely.

If any of our employees, consultant, customers, or visitors were to become infected we could be forced to close our operations temporarily as a preventative measure to prevent the risk of spread which could also negatively impact our ability to receive funding from our existing capital sources as each business is and has been affected uniquely

Table of Contents

GENERAL SECURITIES MARKET UNCERTAINTIES RESULTING FROM THE COVID-19 PANDEMIC.

Since the outset of the pandemic the United States and worldwide national securities markets have undergone unprecedented stress due to the uncertainties of the pandemic and the resulting reactions and outcomes of government, business and the general population. These uncertainties have resulted in declines in all market sectors, increases in volumes due to flight to safety and governmental actions to support the markets. As a result, until the pandemic has stabilized, the markets may not be available to the Company for purposes of raising required capital. Should we not be able to obtain financing when required, in the amounts necessary to execute on our plans in full, or on terms which are economically feasible we may be unable to sustain the necessary capital to pursue our strategic plan and may have to reduce the planned future growth and/or scope of our operations.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITES

None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

None

ITEM 5. OTHER INFORMATION

None

Table of Contents

ITEM 6. EXHIBITS

The following exhibits are included as part of this report by reference:

Exhibit Number		Exhibit Description
31.1		Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of the Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

01.INS*	XBRL Instance Document	Filed herewith.
101.SCH*	XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.LAB*	XBRL Taxonomy Extension Labels Linkbase Document	Filed herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.

*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

Table of Contents

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.

	Boatim Inc.

Date: July 16, 2021	By:	/s/ Joseph Johnson
		Joseph Johnson
		Chief Executive Officer (Principal Executive Officer)

Date: July 16, 2021

By:

/s/ Mario Beckles

Mario Beckles

Chief Financial Officer (Principal Financial

and Principal Accounting Officer)

EX-31.1 2 btim_ex311.htm EX-31.1 btim_ex311.htm

EXHIBIT 31.1

CERTIFICATION

I, Joseph Johnson, certify that:

1.	I have reviewed this report on Form 10-Q.

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a)	Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 16, 2021	By:	/s/ Joseph Johnson
		Joseph Johnson
		Chief Executive Officer

EX-31.2 3 btim_ex312.htm EX-31.2 btim_ex312.htm

EXHIBIT 31.2

CERTIFICATION

I, Mario Beckles, certify that:

1.	I have reviewed this report on Form 10-Q.

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a)	Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 16, 2021	By:	/s/ Mario Beckles
		Mario Beckles
		Chief Financial Officer

EX-32.1 4 btim_ex321.htm EX-32.1 btim_ex321.htm

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Boatim Inc. (the “Company”) on Form 10-Q for the period ending May 31, 2021 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Joseph Johnson, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

IN WITNESS WHEREOF, the undersigned has executed this certification.

Date. July 16, 2021	By:	/s/ Joseph Johnson
		Joseph Johnson
		Chief Executive Officer

EX-32.2 5 btim_ex322.htm EX-32.2 btim_ex322.htm

EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Boatim Inc. (the “Company”) on Form 10-Q for the period ending May 31, 2021 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Mario Beckles, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

	(3)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

	(4)	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

IN WITNESS WHEREOF, the undersigned has executed this certification.

Date: July 16, 2021	By:	/s/ Mario Beckles
		Mario Beckles
		Chief Financial Officer

EX-101.INS 6 btim-20210531.xml XBRL INSTANCE DOCUMENT 0001622231 2020-09-01 2021-05-31 0001622231 us-gaap:SubsequentEventMember btim:UnrelatedPartyMember 2021-06-01 2021-06-06 0001622231 btim:MrJohnsonMember 2021-06-01 2021-06-22 0001622231 2021-06-22 0001622231 2021-06-01 2021-06-22 0001622231 us-gaap:SubsequentEventMember btim:UnrelatedPartyMember 2021-06-06 0001622231 btim:RestrictedStockAwardsMember 2021-05-31 0001622231 btim:RestrictedStockAwardsMember 2020-08-31 0001622231 2019-09-01 2020-08-31 0001622231 btim:RestrictedSharesMember 2019-09-01 2020-08-31 0001622231 btim:RestrictedSharesMember 2020-09-01 2021-05-31 0001622231 btim:StockOptionsVestedMember 2020-09-01 2021-05-31 0001622231 btim:StockOptionsVestedMember 2021-05-31 0001622231 srt:MinimumMember 2020-09-01 2021-05-31 0001622231 srt:MaximumMember 2020-09-01 2021-05-31 0001622231 btim:WeightedAverageAssumptionsStockOptionsGrantedMember 2020-09-01 2021-05-31 0001622231 btim:StockOptionsMember 2020-09-01 2021-05-31 0001622231 btim:MrPatrickBurkertMember 2020-09-01 2021-05-31 0001622231 btim:ConvertiblePromissoryNotesMember 2020-09-01 2021-05-31 0001622231 btim:ConvertiblePromissoryNotesMember 2021-05-31 0001622231 btim:MrPatrickHeneiseMember 2020-09-01 2021-05-31 0001622231 btim:FairValueInputsLevelOneMember 2021-05-31 0001622231 btim:FairValueInputsLevelTwoMember 2021-05-31 0001622231 btim:FairValueInputsLevelThreeMember 2021-05-31 0001622231 btim:FairValueMember 2021-05-31 0001622231 btim:CayoVenturesMember 2018-12-01 2018-12-08 0001622231 btim:CayoVenturesMember 2020-07-01 2020-07-21 0001622231 btim:FirstNoteMember 2020-12-25 2021-01-10 0001622231 btim:FirstNoteMember 2021-05-31 0001622231 btim:FirstNoteMember 2021-01-10 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesMember 2020-09-01 2021-05-31 0001622231 2021-04-23 0001622231 2021-04-01 2021-04-23 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesfiveMember 2020-09-01 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesfiveMember 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesfourMember 2020-09-01 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesfourMember 2021-05-31 0001622231 btim:SecondNoteMember 2021-01-10 0001622231 btim:SecondNoteMember 2020-12-25 2021-01-10 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesThreeMember 2020-09-01 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesThreeMember 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesTwoMember 2020-09-01 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesOneMember 2020-09-01 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesTwoMember 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesOneMember 2021-05-31 0001622231 btim:SeptemberTwentyTwoTwoThousandTwentyMember btim:TranchesMember 2021-05-31 0001622231 btim:ThirdPartyMember 2020-09-01 2021-05-31 0001622231 btim:ThirdPartyMember 2021-02-11 0001622231 btim:AugustOneTwentyNineteenMember 2020-09-01 2021-05-31 0001622231 btim:DecemberOneTwentyNineteenMember 2020-09-01 2021-05-31 0001622231 btim:AprilTwentyTwentyTwentyMember 2020-09-01 2021-05-31 0001622231 2019-12-01 2020-02-28 0001622231 btim:FebruaryTwoOneSixMember 2020-09-01 2021-05-31 0001622231 btim:FebruaryTwoOneSixMember 2021-05-31 0001622231 btim:CayoVenturesMember 2020-09-01 2021-05-31 0001622231 btim:CayoVenturesMember 2018-09-01 2019-08-31 0001622231 btim:CayoVenturesMember 2021-05-31 0001622231 btim:MrVengKunLUNMember btim:SeptemberTwelveTwoThousandNinteenMember 2021-05-31 0001622231 btim:MrWolfgangTippnerMember btim:JuneOneTwoThousandTwentyMember 2021-05-31 0001622231 btim:MrWolfgangTippnerMember btim:JuneOneTwoThousandTwentyMember 2020-09-01 2021-05-31 0001622231 btim:MrPatrickHeneiseMember btim:JuneOneTwoThousandTwentyMember 2020-08-31 0001622231 btim:MrPatrickHeneiseMember btim:JuneOneTwoThousandTwentyMember 2021-05-31 0001622231 btim:MrPatrickHeneiseMember btim:JuneOneTwoThousandTwentyMember 2020-09-01 2021-05-31 0001622231 btim:MrChrisRoyMember btim:JuneFifteenTwoThousandTwentyMember 2021-05-31 0001622231 btim:MrChrisRoyMember btim:JuneFifteenTwoThousandTwentyMember 2020-09-01 2021-05-31 0001622231 btim:MrPatrickBurkertMember btim:JulyOneTwoThousandTwentyMember 2020-09-01 2021-05-31 0001622231 btim:MrPatrickBurkertMember btim:JulyOneTwoThousandTwentyMember 2021-05-31 0001622231 btim:MrYvesToeldererMember 2021-05-31 0001622231 btim:MrMarioBecklesMember btim:DirectorAndChiefFinancialOfficerMember btim:MarchOneNineTwoZeroTwoOneMember 2021-05-31 0001622231 btim:MrMarioBecklesMember btim:DirectorAndChiefFinancialOfficerMember btim:MarchOneNineTwoZeroTwoOneMember 2020-09-01 2021-05-31 0001622231 btim:MrBenjaminSalterMember btim:DirectorAndChiefFinancialOfficerMember btim:JanuaryOneTwoZeroTwoOneMember 2021-05-31 0001622231 btim:MrBenjaminSalterMember btim:DirectorAndChiefFinancialOfficerMember btim:JanuaryOneTwoZeroTwoOneMember 2020-09-01 2021-05-31 0001622231 btim:MrBenjaminSalterMember btim:AprilOneTwoZeroTwoOneMember 2020-09-01 2021-05-31 0001622231 btim:CapitalizedSoftwareDevelopmentCostsMember 2020-08-31 0001622231 btim:CapitalizedSoftwareDevelopmentCostsMember 2021-05-31 0001622231 btim:CapitalizedSoftwareDevelopmentCostsMember 2020-09-01 2021-05-31 0001622231 us-gaap:RetainedEarningsMember 2021-05-31 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-05-31 0001622231 us-gaap:AdditionalPaidInCapitalMember 2021-05-31 0001622231 us-gaap:CommonStockMember 2021-05-31 0001622231 us-gaap:RetainedEarningsMember 2021-03-01 2021-05-31 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-03-01 2021-05-31 0001622231 us-gaap:AdditionalPaidInCapitalMember 2021-03-01 2021-05-31 0001622231 us-gaap:CommonStockMember 2021-03-01 2021-05-31 0001622231 2021-02-28 0001622231 us-gaap:RetainedEarningsMember 2021-02-28 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-02-28 0001622231 us-gaap:AdditionalPaidInCapitalMember 2021-02-28 0001622231 us-gaap:CommonStockMember 2021-02-28 0001622231 2020-12-01 2021-02-28 0001622231 us-gaap:RetainedEarningsMember 2020-12-01 2021-02-28 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-01 2021-02-28 0001622231 us-gaap:AdditionalPaidInCapitalMember 2020-12-01 2021-02-28 0001622231 us-gaap:CommonStockMember 2020-12-01 2021-02-28 0001622231 2020-11-30 0001622231 us-gaap:RetainedEarningsMember 2020-11-30 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-11-30 0001622231 us-gaap:AdditionalPaidInCapitalMember 2020-11-30 0001622231 us-gaap:CommonStockMember 2020-11-30 0001622231 2020-09-01 2020-11-30 0001622231 us-gaap:RetainedEarningsMember 2020-09-01 2020-11-30 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-09-01 2020-11-30 0001622231 us-gaap:AdditionalPaidInCapitalMember 2020-09-01 2020-11-30 0001622231 us-gaap:CommonStockMember 2020-09-01 2020-11-30 0001622231 us-gaap:RetainedEarningsMember 2020-08-31 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-08-31 0001622231 us-gaap:AdditionalPaidInCapitalMember 2020-08-31 0001622231 us-gaap:CommonStockMember 2020-08-31 0001622231 2020-05-31 0001622231 us-gaap:RetainedEarningsMember 2020-05-31 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-05-31 0001622231 us-gaap:AdditionalPaidInCapitalMember 2020-05-31 0001622231 us-gaap:CommonStockMember 2020-05-31 0001622231 us-gaap:RetainedEarningsMember 2020-03-01 2020-05-31 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-01 2020-05-31 0001622231 us-gaap:AdditionalPaidInCapitalMember 2020-03-01 2020-05-31 0001622231 us-gaap:CommonStockMember 2020-03-01 2020-05-31 0001622231 2020-02-29 0001622231 us-gaap:RetainedEarningsMember 2020-02-29 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-02-29 0001622231 us-gaap:AdditionalPaidInCapitalMember 2020-02-29 0001622231 us-gaap:CommonStockMember 2020-02-29 0001622231 2019-12-01 2020-02-29 0001622231 us-gaap:RetainedEarningsMember 2019-12-01 2020-02-29 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-01 2020-02-29 0001622231 us-gaap:AdditionalPaidInCapitalMember 2019-12-01 2020-02-29 0001622231 us-gaap:CommonStockMember 2019-12-01 2020-02-29 0001622231 2019-11-30 0001622231 us-gaap:RetainedEarningsMember 2019-11-30 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-11-30 0001622231 us-gaap:AdditionalPaidInCapitalMember 2019-11-30 0001622231 us-gaap:CommonStockMember 2019-11-30 0001622231 2019-09-01 2019-11-30 0001622231 us-gaap:RetainedEarningsMember 2019-09-01 2019-11-30 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-01 2019-11-30 0001622231 us-gaap:AdditionalPaidInCapitalMember 2019-09-01 2019-11-30 0001622231 us-gaap:CommonStockMember 2019-09-01 2019-11-30 0001622231 2019-08-31 0001622231 us-gaap:RetainedEarningsMember 2019-08-31 0001622231 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-08-31 0001622231 us-gaap:AdditionalPaidInCapitalMember 2019-08-31 0001622231 us-gaap:CommonStockMember 2019-08-31 0001622231 2020-03-01 2020-05-31 0001622231 2021-03-01 2021-05-31 0001622231 2019-09-01 2020-05-31 0001622231 2020-08-31 0001622231 2021-05-31 0001622231 2021-07-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure iso4217:EUR BOATIM INC. 0001622231 10-Q false --08-31 true false true Yes 2021-05-31 Non-accelerated Filer Q3 2021 false 51780838 true false Yes

10563

38427

73048 34265

83611

72692

9581

4787

21299

11350

490253

259156

76020

162304

597153

437597

680764

510289

432925

189680

1219979

348031

20000

47962

432136

464650

307446

76020

141276

2181060

1499045

38391

2181060

1537436

51781

50500

1974501

-259635

-3557961

-797306

31383

-20706

-1500296

-1027147

680764

510289

500000000

0.001

51780838

50500011

51780838

50500011

183

900

20999

257088

319327

209346

1692362

452035

340326

209346

1949450

452035

-340143

-209346

-1948550

-452035

-17860

-209068

28014

-617934

14897

25051

-812105

-315092

-209346

-2760655

-452035

-315092

-209346

-2760655

-452035

28083

1003

52089

390

-287009

-208343

-2708566

-451645

-0.01

-0.00

-0.05

-0.01

51701577

50500011

51110589

50500011

50500

-403425

-407

-387392

-740724

0 81290 0 0 81290 0 -454 0 -454

-77681

50500011

50500

-322135

-861

-465073

-737569

0 0 -159 0 -159

-165008

50500011

50500

-322135

-1020

-630081

-902736

0 0 1003 0 1003

-209346

50500011

50500

-322135

-17

-839427

-1111079

50500011

50500

-259635

-20706

-797306

0 0 -15814 0 -15814

-939319

50500011

50500

-259635

-36520

-1736625

-1982280

0 0 39820 0 39820

704228

1145789 1146 1058854 0 0 1060000 0 532647 0 0 532647

-1506244

51645800

51646

2036094

3300

-3242869

-1151829

0 0 28083 0 28083 0 -123958 0 0 -123958 135038 135 62365 0 0 62500

-315092

51780838

51781

1974501

31383

-3557961

2576

209068

580270

617934 0

44155

86284 0

38783

11088

-4794

243245

-4145

103647 0

-1124347

-467268

12525

275252

-287777

871948

486074

20000

47962

488185

1332171

486074

52089

390

-27864

19196

15691

34887

1122500 0 532647 16133 0 0 81290

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">Boatim Inc. formerly known as Emerald Data Inc. (“we”, “our, “Boatim”, the “Company”) is a for profit corporation established under the corporate laws of the State of Nevada on August 15, 2014. On January 24, 2019 the Company´s board and shareholders passed a motion to change the Company name to “BOATIM INC.” Its fiscal year end is August 31.   Boatim, Inc. established Boatim Europe S.L. (“Boatim Europe”) as a private limited company pursuant to the laws of Spain on December 18, 2019, with the Company having indirect ownership of one hundred percent of the issued and outstanding membership interests of Boatim Europe. In December 2020, the Company finalized the process of collecting and submitting all required paperwork to the Spanish authorities to enter Boatim Inc. as direct owner on public records in Spain, making Boatim Europe a wholly owned subsidiary of the Company.   Originally in the business of producing and distributing furniture, the business was changed to online food blogging as a promotion channel for restaurants, bars and fine dining. Subsequently, following the acquisition of the Boatim software platform, the Company expanded into the boating industry by further developing the software platform. The Boatim software platform is an online boat trading marketplace, combining data-driven technology and digital marketing capabilities to offer a rolling subscription for service model of access to the platform for the extensive market of global boat dealers.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">Principles of Consolidation   The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany accounts, balances and transactions have been eliminated in the consolidation as at May 31, 2021.   Basis of Presentation   The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. The unaudited interim financial statements should be read in conjunction with those financial statements for the year ended August 31, 2020 included in the Form 10-K filed with the Securities and Exchange Commission. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2021 are not necessarily indicative of the results that may be expected for the year ending August 31, 2021.   Cash and Cash Equivalents   The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.   Fixed Assets   Fixed assets are stated at historical cost less accumulated depreciation. The historical cost of acquiring an item of fixed assets includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. Costs associated with repairs and maintenance are expensed as incurred. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are 3 years.   Revenue Recognition   The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.   Fair Value of Financial Instruments   ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of August 31, 2020 and 2019.   Authoritative literature provides a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement as follows:   Level 1 - Quoted market prices available in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.   Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).   Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.   The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accounts payable, convertible notes and notes payable. Fair values were assumed to approximate carrying values for these financial instruments due to their short-term maturities.   Foreign Currency   Assets and liabilities of Boatim Europe are translated into U.S. dollars at the respective rates of exchange prevailing at the end of the reporting period. Income and expense accounts are translated at average exchange rates prevailing during the reporting period. Translation adjustments resulting from this process are recorded directly in equity as accumulated other comprehensive (loss) income (“AOCI”) and will be included as income or expense only upon sale or liquidation of the underlying entity. Boatim Europe considers its local currency (EURO) as its functional currency.   In accordance with ASC Topic 830-30, “Translation of Financial Statements”, monetary asset and liability accounts are translated into the Company’s reporting currency, the US dollar, using the closing exchange rate in effect at the balance sheet date, nonmonetary accounts are translated using historical exchange rates and income and expense accounts are translated using the average exchange rate prevailing during the reporting period.   Translation of amounts from the local currency of Boatim Europe into US$ has been made at the following exchange rates:   <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> May 21, 2021</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> August 31, 2020</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Current EUR: US$ exchange rate</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.2139</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.1991</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Average EUR: US$ exchange rate</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.1974</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.1136</td> <td style="width:1%;white-space: nowrap;">  </td></tr></table>   Capitalized Software Development Costs   Computer software development costs related to software developed for internal use falls under the accounting guidance of ASC Topic 350-40, Intangibles Goodwill and Other–Internal Use Software, in which computer software costs are expensed as incurred during the preliminary project stage and capitalization begins in the application development stage once the capitalization criteria are met. Costs associated with post implementation activities are expensed as incurred.   Costs capitalized during the application development stage include external direct costs of materials and services consumed in developing or obtaining internal-use software. During the nine months ended May 31, 2021 and for the fiscal year ended to August 31, 2020, the Company capitalized $275,252 and $259,156 in software development costs. Software costs are included in “Capitalized software costs, net” on the Company’s consolidated balance sheets and are depreciated using the straight-line method over their estimated useful life of five years.   Impairment of Long-Lived Assets   The Company’s long-lived assets, including intangibles, are reviewed for impairment whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Long-lived assets were evaluated for impairment and the Company recorded impairment loss on Capitalized software development costs of $0 and $0 during the nine months ended May 31, 2021 and 2020, respectively.   Leases   As of September 1, 2019, the Company adopted the provisions of “Accounting Standards Codification Topic 842 Leases (ASC 842)” using the modified retrospective basis for all agreements   The Company recognizes a right-of-use asset and lease liability for all financing and operating leases with terms greater than twelve months. The lease liability is measured based on the present value of the lease payments not yet paid. The right-of-use asset is measured based on the initial measurement of the lease liability adjusted for any direct costs incurred upon commencement of the lease. The right-of-use assets are amortized on a straight-line basis over the lease term and are tested for impairment in a manner consistent with the other long-lived assets held by the Company.   Derivative Instrument Liability   The Company accounts for derivative instruments in accordance with ASC 815, which establishes accounting and reporting standards for derivative instruments and hedging activities, including certain derivative instruments embedded in other financial instruments or contracts and requires recognition of all derivatives on the balance sheet at fair value, regardless of hedging relationship designation. Accounting for changes in fair value of the derivative instruments depends on whether the derivatives qualify as hedging relationships and the types of relationships designated are based on the exposures hedged.   Use of Estimates   The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Management makes its best estimate of the outcome for these items based on information available when the financial statements are prepared. Actual results could differ from those estimates.   Basic and Diluted Loss Per Share   The Company computes earnings (loss) per share in accordance with ASC 260-10-45 “Earnings per Share”, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. For the three and nine months ended May 31, 2021 and May 31, 2020, potential dilutive instruments were anti-dilutive due to the Company’s net losses.   Stock Based Compensation   The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors and non-employees (effective September 1, 2019), the fair value of the award is measured on the grant date. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the award, usually the vesting period. Stock-based compensation expense is recorded by the Company in the same expense classification in the consolidated statements of operations and comprehensive loss, as if such amounts were paid in cash. The Company elected to account for forfeitures as they occur.                    Recent Accounting Pronouncements   On December 18, 2019, the FASB issued ASU 2019-12, which modifies ASC 740 to simplify the accounting for income taxes. The ASU’s amendments are based on changes that were suggested by stakeholders as part of the FASB’s simplification initiative (i.e., the Board’s effort to reduce the complexity of accounting standards while maintaining or enhancing the helpfulness of information provided to financial statement users. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company is evaluating the impact of this on its consolidated financial statements.   On January 16, 2020, the FASB issued ASU 2020-01 in response to an EITF consensus. The ASU makes improvements related to the following two topics: (a) Accounting for certain equity securities when the equity method of accounting is applied or discontinued — The ASU clarifies that “an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method.” (b) Scope considerations related to forward contracts and purchased options on certain securities — The ASU clarifies that “for the purpose of applying paragraph 815-10- 15-141(a) an entity should not consider whether, upon the settlement of the forward contract or exercise of the purchased option, individually or with existing investments, the underlying securities would be accounted for under the equity method in Topic 323 or the fair value option in accordance with the financial instruments guidance in Topic 825.” This ASU is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company is evaluating the impact of this on its consolidated financial statements.   Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or in management’s opinion will not have a material impact on the Company’s present or future consolidated financial statements.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, the Company had minimal revenues for the nine months ended May 31, 2021 and incurred recurring losses. In addition, the Company had a negative working capital as of May 31, 2021 and has not completed its efforts to establish a stable source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern.   Management anticipates that the Company will be dependent, for the near future, on borrowings from a related party to fund operating expenses. There are no assurances that the Company will be successful in any of its endeavors or become financially viable and continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">Mr. Robert Glass, a lawyer, is providing services free of charge from time to time, such services involving advice on accounting matters and processing of information for reporting services.   On September 12, 2019, Veng Kun Lun, a former officer and director of the Company, forgave all amounts due to him from the Company, totaling $81,290, which was recorded as additional paid in capital.   During the nine months ended May 31, 2021, Cayo Ventures GmbH (“Cayo”), a related party, advanced a total of $871,948 to the Company. Cayo is owned by the former majority shareholder and former officer, Mr. Yves Toelderer. As of May 31, 2021, the Company owed a total of $1,219,979 to Cayo, which includes $2,833 owed to Yves Toelderer. These loans are unsecured, non-interest bearing and due on demand.   During the year ended August 31, 2019, the Company issued a note in the amount of $500,000 to Cayo for the purchase of the Boatim software platform. The note matured on January 23, 2020 but was extended to January 23, 2021. On July 21, 2020, the Company cancelled the note when Cayo transferred its claim against the Company to an unrelated party. On the same date, Cayo also assigned a portion of the related party loans (see above) amounting to $560,000 to another unrelated party. The Company then issued convertible notes to these unrelated parties. (See Note 7).   On June 1, 2020, the Company entered into services agreement with Mr. Wolfgang Tippner, who is an officer of the Company, as Chief Executive Officer. The agreement calls for a sign-on bonus of $24,000, payable within 6 months from the date of the agreement and a cash compensation for his services of $8,000 per month. During the nine months ended May 31, 2021, a total of $0 has been paid to Mr. Tippner. As of May 31, 2021, $120,000 in accrued compensation remains outstanding.   On June 1, 2020, the Company entered into a services agreement with Mr. Patrick Heneise, who is a Director of the Company, as Chief Technology Officer. The agreement calls for an equity bonus of 200,000 common shares of the company within 6 months of the date of the agreement. As cash compensation for his services, he is to receive a total of €35,000, payable at €2,500 per month for technology consulting services and a €5,000 executive services fee payable annually. During the nine months ended May 31, 2021, a total of $14,922 has been paid to Mr. Heneise. As of May 31, 2021, and August 31, 2020, $25,375 and $8,864 in accrued compensation remains outstanding, respectively. During the nine months ended May 31, 2021 the Company recognized $250,000 of stock-based compensation expense for the 200,000 shares earned by Mr. Heneise.   On June 15, 2020, the Company entered into a service agreement with Mr. Chris Roy, who was a former member of the Board of Directors of the Company, as Chief Product Officer. The agreement calls for a base salary of €125,000 per year. In addition, Mr. Roy is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $77,748 has been paid to Mr. Roy. As of May 31, 2021, $0 in accrued compensation remains outstanding. Mr. Chris Roy resigned as a member of the Board of Directors on February 12, 2021.   On July 1, 2020, the Company entered into a service agreement with Mr. Patrick Burkert, who was a former member of the Board of Directors of the Company, as Chief Marketing Officer. The agreement calls for a sign on bonus of 500,000 shares of restricted common stock, of which 50,000 shares are due within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. He will also receive a base salary of €144,000 per year. In addition, Mr. Burkert is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $86,121 has been paid to Mr. Burkert in cash compensation. As of May 31, 2021, $0 in accrued cash compensation remains outstanding. As of May 31, 2021, there was $0 earned or accrued for a performance-based bonus. During the nine months ended May 31, 2021 the Company recognized $250,000 of stock-based compensation expense for the 200,000 shares earned by Mr. Burkert.   Mr. Patrick Burkert resigned as a member of the Board of Directors on February 12, 2021.   On January 1, 2021, the Company entered into a service agreement with Mr. Benjamin Salter, as Director and Chief Financial Officer. The agreement calls for a sign on bonus of options for 500,000 shares of common stock at a strike price of $0.10 per share. See Note 9. The options must be exercised within 15 months from the date of the agreement and can be executed no earlier as follows: 50,000 within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. The agreement calls for a base salary of Swiss francs (CHF) 150,000 per year, increasing to CHF 180,000, payable in increments of CHF 15,000 per month from April 1, 2021 onward. In addition, Mr. Salter is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $60,966 has been paid to Mr. Salter in cash compensation. As of May 31, 2021, $46,073 in accrued cash compensation remains outstanding. As of May 31, 2021, there was $0 earned or accrued for a performance-based bonus. During the nine months ended May 31, 2021 the Company recognized $64,493 of stock-based compensation expense for the options granted under this service agreement. Mr. Salter resigned as a member of the Board of Directors and as CFO on March 19, 2021 but continues with the Company heading business development and operations in Europe.   On April 01, 2021, the Company entered into an independent contractor agreement with Mr. Salter, as Head of Operations. The agreement calls for a monthly payment of CHF 14,000 per month with CHF 8,000 to be paid in cash and the balance of $6,000 to be deferred on a monthly basis up to an amount not exceeding CHF 70,000 with payment terms to be decided by the Company.  In addition, Mr. Salter is to receive options for 25,000 shares of common stock each month at a strike price of $0.10 per share with a term of 15 months. The Company agreed to also make a cash payment to Mr. Slater on exercise of his options of $2,500. During the nine months ended May 31, 2021, the Company recognized $15,777 of stock-based compensation expense for the options granted under this agreement.   On March 19, 2021, the Company entered into a service agreement with Mr. Mario Beckles, as Director and Chief Financial Officer, commencing on April 1, 2020. The agreement calls for cash compensation in the amount of $3,000 per month to be paid monthly. As of May 31, 2021, $15,000 has been paid to Mr. Beckles in cash compensation. As of May 31, 2021, $7,500 in accrued cash compensation is outstanding.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">On February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The ASU introduces a new leasing model for both lessees and lessors. Topic 842 provides guidance in how to identify whether a lease arrangement exists. Management has evaluated its leasing arrangements and has classified these as operating leases. Additionally, the lease terms of each of our office leases are short term in nature, however, the Company elected to apply ASC Topic 842 to these leases, because we intend to renew each lease for terms longer than 12 months. As a result of the adoption of ASC Topic 842, the Company recognized a right-of-use asset and operating lease liabilities of $250,066 based on the present value of the minimum rental payments utilizing a discount rate of 2.19%.         Operating Lease Obligations   On August 01, 2019, the Company entered into an office lease for a six-person office space located at Marina Port Vell Carrer de l’Escar, 26, 08039 Barcelona Spain with OnCoWork. The lease calls for rent payments of €2,340 plus VAT in monthly payments. The lease began August 1, 2019, is month to month with a six-month permanency clause, of which management intends to renew.   On December 01, 2019, the Company entered into an office lease for a nine-person office space located at Marina Port Vell Carrer de l’Escar, 26, 08039 Barcelona Spain with OneCoWork. The lease calls for rent payments of €3,120 plus VAT in monthly payments. The lease began December 1, 2019, is month to month with a six-month permanency clause, of which management intends to renew.   On April 20, 2020, the Company entered into an office lease for a six-person office space located at Marina Port Vell Carrer de l’Escar, 26, 08039 Barcelona Spain with OneCoWork. The lease calls for rent payments of €2,550 plus VAT in monthly payments. The lease began April 20, 2020 is month to month with a six-month permanency clause, of which management intends to renew.   The Company has recorded operating lease expense in the amount of $83,155 during the nine months ended May 31, 2021. As of May 31, 2021, and August 31, 2020, the discount rate for these leases is 2.19% and the weighted average remaining term is 9 months.    Future minimum operating lease payments consist of:   <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> 2021</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">76,970</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> 2022</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> 2023</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Total minimum lease payments</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">76,970</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Less: present value discount</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(950 </td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Present value of minimum lease payments</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">76,020</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Current portion of operating lease obligation</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">76,020</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Operating lease obligation, less current portion</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr></table>   </div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">On February 11, 2021, the Company received a short-term loan from an unrelated third party in the amount of $20,000. The loan is unsecured, has no maturity date and is non-interest bearing. As of May 31, 2021, $20,000 remains outstanding.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">On July 21, 2020, the Company issued convertible notes in the amount of $500,000 and $560,000 to two unrelated parties, in exchange for their assumption of the December 8, 2018 note and related party loans owed to Cayo for the same amounts. (See Note 4). The notes do not bear interest and matured on January 22, 2021. The first note in the amount of $500,000 is convertible into common shares at the rate equivalent to 70% of the Company’s 30-day average stock price prior to conversion. The second note in the amount of $560,000 is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion.   On January 10, 2021 the holder of the note in the amount of $500,000 converted $500,000 of its note into 578,680 shares of common stock and the unamortized discount at the date of conversion of $27,838 was written off to interest expense.   On January 10, 2021 the holder of the note in the amount of $560,000 converted $560,000 of its note into 567,108 shares of common stock and the unamortized discount at the date of conversion of $22,439 was written off to interest expense.   On September 22, 2020, the Board approved the issuance of up to $5,000,000 in new convertible notes, in multiple tranches, convertible at maturity into common shares. At May 31, 2021 the Company has received tranches of $62,500, $44,550, $60,000, $110,000, $130,000, and $82,700 respectively from unrelated parties under this facility. The note in the amount of $62,500 matures on March 31, 2021 and is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion. The note in the amount of $44,550 matures on June 22, 2021, the note in the amount of $60,000 matures on July 22, 2021, the note in the amount of $110,000 matures on August 22, 2021, the note in the amount of $130,000 matures on September 22, 2021 and the note in the amount of $82,700 matures on October 01, 2021; <a name="OLE_LINK4">these notes are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock. Due to these provisions, </a>convertible notes with variable conversion prices that do not include a floor price qualified for derivative accounting under ASC 815-15, Derivatives and Hedging (See Note 8).   On April 23, 2021 the holder of the note in the amount of $62,500 converted $62,500 of its note into 135,038 shares of common stock.   A summary of changes to the convertible notes for the nine months ended May 31, 2021 is as follows:   <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Carrying value of Convertible Notes at August 31, 2020</td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 464,650</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> New principal</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 489,750</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Total principal</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 954,400</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Less: conversion of principal</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> (1,122,500 </td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Less: discount related to fair value of the embedded conversion feature</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> (16,133 </td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Less: discount related to original issue discount</td> <td style="width:1%;">  </td> <td></td> <td> (1,565)</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Add: amortization of discount</td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> 617,934</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Carrying value of Convertible Notes at May 31, 2021</td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> 432,136</td> <td style="width:1%;">  </td></tr></table></div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The Company has determined that the variable conversion prices under its convertible notes that do not have a floor price caused the embedded conversion feature to be accounted for as a derivative instrument. The remaining notes as of May 31, 2021, are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock.   The change in fair values of the derivative liabilities related to the Convertible Notes for the nine months ended May 31, 2021is summarized as:   <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;"></td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> Quoted market prices</td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;"></td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;"></td> <td>  </td></tr> <tr style="height:15px"> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> Fair value at</td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> for identical</td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> Significant other</td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> Significant</td> <td>  </td></tr> <tr style="height:15px"> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> May 31, </td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> assets/liabilities</td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> observable inputs</td> <td>  </td> <td>  </td> <td colspan="2" style="width:9%;vertical-align:bottom;"> unobservable inputs</td> <td>  </td></tr> <tr style="height:15px"> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> 2021</td> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> (Level 1)</td> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> (Level 2)</td> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> (Level 3)</td> <td>  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Derivative Liability</td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td> <td>  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Fair value of derivatives at August 31, 2020</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 307,446</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Addition of new derivative liabilities upon issuance of convertible notes as debt discount</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 16,133</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Reduction of derivative liabilities from conversion of convertible notes to shares of common stock</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> (532,647</td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Loss on change in fair value of derivative liabilities</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> 209,068</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Fair value of derivative liabilities at May 31, 2021</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td></tr></table>  </div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">As of May 31, 2021, and August 31, 2020, a total of 51,780,838 and 50,500,011 shares of common stock were issued and outstanding. The Company has not issued the stock-based compensation of 250,000 shares of common stock to Patrick Burkert or the 200,000 shares of common stock to Patrick Heneise.   During the nine months ended May 31, 2021, the Company issued 1,280,827 common shares to satisfy the conversion of $1,122,500 of convertible promissory notes.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">Stock Options   During the nine months ended May 31, 2021, the Company granted options for the purchase of the Company’s common stock to certain employees and consultants as consideration for services rendered. The terms of the stock option grants are determined by the Company’s Board of Directors. The Company’s stock options generally vest upon the one-year anniversary date of the grant and have a maximum term of fifteen months.   The following summarizes the stock option activity for the nine months ended May 31, 2021:   <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Options Outstanding</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Weighted-Average Exercise Price</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Balance as of August 31, 2020</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Grants</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">550,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.10</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Exercised</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Forfeited</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(450,000 </td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Balance as of May 31, 2021</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">100,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">0.10</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td></tr></table>             The weighted average grant date fair value of stock options granted during the nine months ended May 31, 2021 was $1.20. <a name="OLE_LINK2">The total fair value of stock options granted during the nine months ended May 31, 2021 was approximately $660,707.</a> The total fair value of stock options that was forfeited during the nine months ended May 31, 2021 was approximately $580,000. The fair value of each stock option is estimated on the date of grant using the Black-Scholes-Merton option pricing model with the following weighted average assumptions for stock options granted during the six months ended May 31, 2021:      <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:bottom;"> Expected term (years)</td> <td style="white-space: nowrap;">  </td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> 1.25 years</td> <td style="white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:bottom;"> Expected stock price volatility</td> <td style="white-space: nowrap;">  </td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;">110-632%</td> <td style="white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:bottom;"> Weighted-average risk-free rate</td> <td style="white-space: nowrap;">  </td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;">0.10-0.16%</td> <td style="white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Expected dividend</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr></table>   Volatility is a measure of the amount by which a financial variable such as share price has fluctuated (historical volatility) or is expected to fluctuate (expected volatility) during a period. The Company estimates expected volatility giving primary consideration to the historical volatility of its common stock. The risk-free interest rate is based on the published yield available on U.S. Treasury issues with an equivalent term remaining equal to the expected life of the stock option. The expected lives of the stock options represent the estimated period of time until exercise or forfeiture and are based on the simplified method of using the mid-point between the vesting term and the original contractual term.   The following summarizes certain information about stock options vested and expected to vest as of May 31, 2021:   <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Number of Options</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Weighted-Average Remaining Contractual Life (in Years)</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Weighted-Average Exercise Price</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Outstanding</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">100,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.84</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.10</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Exercisable</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">100,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.84</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.10</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Expected to vest</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.84</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.10</td> <td style="width:1%;white-space: nowrap;">  </td></tr></table>   Restricted Stock Awards   During the nine months ended May 31, 2021, the Company issued restricted stock awards for shares of common stock which have been reserved for the holders of the awards. Restricted stock awards were issued to certain employees and consultants as consideration for services rendered. The terms of the restricted stock units are determined by the Company’s Board of Directors. The Company’s restricted stock shares generally vest over a period of one year.           The following summarizes the restricted stock activity for the nine months ended May 31, 2021 and year ended August 31, 2020:   <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Shares</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Weighted-Average Fair Value per Share</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Balance as of August 31, 2019</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Shares of restricted stock granted</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">700,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.25</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Forfeited</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Balance as of August 31, 2020</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">700,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.25</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Shares of restricted stock granted</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Forfeited</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;" colspan="2"> (250,000)</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Balance as of May 31, 2021</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">450,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1.25</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td></tr></table>   <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> May 31,</td> <td style="white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> August 31,</td> <td style="white-space: nowrap;">  </td></tr> <tr style="height:15px"> <td style="vertical-align:bottom;"> Number of Restricted Stock Swards</td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> 2021</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> 2020</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Vested</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">450,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">62,500</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Non-vested</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">637,500</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td>  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">450,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">700,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td></tr></table>    As of May 31, 2021, and August 31, 2020, there was unrecognized compensation cost of $0 and $812,500, related to non-vested share-based compensation, respectively, which is expected to be recognized over the next year.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">On June 02, 2021 Patrick Heneise resigned as Director which took effect on June 30, 2021.   <a name="OLE_LINK5">On June 22, 2021, the Company entered into an employment agreement with Mr. Joseph Johnson, as a member of the Board of Directors and as Chief Executive Officer. The agreement provides for a base salary of $250,000 per year, subject to an inflationary increase using the US Consumer Price Index. The agreement also provides for an annual incentive bonus equal to 200% of his base salary and a sign on bonus of 1,000,000 shares of unrestricted common stock which will be fully vested with a service period of six (6) months from the date of the agreement. In addition, Mr. Johnson is eligible to receive a performance bonus equal to 1,000,000 fully vested shares of common stock for each net liquid $1,000,000 in equity raised by the Company during his first six (6) months of tenure as CEO, up to a maximum of 5,000,000 shares</a>.   On June 06, 2021 the Company issued $44,420 in a convertible note to an unrelated party, which is non-interest bearing and matures on September 22, 2021. It is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock. </div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany accounts, balances and transactions have been eliminated in the consolidation as at May 31, 2021.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. The unaudited interim financial statements should be read in conjunction with those financial statements for the year ended August 31, 2020 included in the Form 10-K filed with the Securities and Exchange Commission. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended May 31, 2021 are not necessarily indicative of the results that may be expected for the year ending August 31, 2021.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">Fixed assets are stated at historical cost less accumulated depreciation. The historical cost of acquiring an item of fixed assets includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. Costs associated with repairs and maintenance are expensed as incurred. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are 3 years.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of August 31, 2020 and 2019.   Authoritative literature provides a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement as follows:   Level 1 - Quoted market prices available in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.   Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).   Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.   The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accounts payable, convertible notes and notes payable. Fair values were assumed to approximate carrying values for these financial instruments due to their short-term maturities.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">Assets and liabilities of Boatim Europe are translated into U.S. dollars at the respective rates of exchange prevailing at the end of the reporting period. Income and expense accounts are translated at average exchange rates prevailing during the reporting period. Translation adjustments resulting from this process are recorded directly in equity as accumulated other comprehensive (loss) income (“AOCI”) and will be included as income or expense only upon sale or liquidation of the underlying entity. Boatim Europe considers its local currency (EURO) as its functional currency.   In accordance with ASC Topic 830-30, “Translation of Financial Statements”, monetary asset and liability accounts are translated into the Company’s reporting currency, the US dollar, using the closing exchange rate in effect at the balance sheet date, nonmonetary accounts are translated using historical exchange rates and income and expense accounts are translated using the average exchange rate prevailing during the reporting period.   Translation of amounts from the local currency of Boatim Europe into US$ has been made at the following exchange rates:   <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> May 21, 2021</td> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> August 31, 2020</td> <td>  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Current EUR: US$ exchange rate</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 1.2139</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 1.1991</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Average EUR: US$ exchange rate</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 1.1974</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 1.1136</td> <td style="width:1%;">  </td></tr></table></div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">Computer software development costs related to software developed for internal use falls under the accounting guidance of ASC Topic 350-40, Intangibles Goodwill and Other–Internal Use Software, in which computer software costs are expensed as incurred during the preliminary project stage and capitalization begins in the application development stage once the capitalization criteria are met. Costs associated with post implementation activities are expensed as incurred.   Costs capitalized during the application development stage include external direct costs of materials and services consumed in developing or obtaining internal-use software. During the nine months ended May 31, 2021 and for the fiscal year ended to August 31, 2020, the Company capitalized $275,252 and $259,156 in software development costs. Software costs are included in “Capitalized software costs, net” on the Company’s consolidated balance sheets and are depreciated using the straight-line method over their estimated useful life of five years.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The Company’s long-lived assets, including intangibles, are reviewed for impairment whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Long-lived assets were evaluated for impairment and the Company recorded impairment loss on Capitalized software development costs of $0 and $0 during the nine months ended May 31, 2021 and 2020, respectively.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">As of September 1, 2019, the Company adopted the provisions of “Accounting Standards Codification Topic 842 Leases (ASC 842)” using the modified retrospective basis for all agreements   The Company recognizes a right-of-use asset and lease liability for all financing and operating leases with terms greater than twelve months. The lease liability is measured based on the present value of the lease payments not yet paid. The right-of-use asset is measured based on the initial measurement of the lease liability adjusted for any direct costs incurred upon commencement of the lease. The right-of-use assets are amortized on a straight-line basis over the lease term and are tested for impairment in a manner consistent with the other long-lived assets held by the Company.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The Company accounts for derivative instruments in accordance with ASC 815, which establishes accounting and reporting standards for derivative instruments and hedging activities, including certain derivative instruments embedded in other financial instruments or contracts and requires recognition of all derivatives on the balance sheet at fair value, regardless of hedging relationship designation. Accounting for changes in fair value of the derivative instruments depends on whether the derivatives qualify as hedging relationships and the types of relationships designated are based on the exposures hedged.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Management makes its best estimate of the outcome for these items based on information available when the financial statements are prepared. Actual results could differ from those estimates.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The Company computes earnings (loss) per share in accordance with ASC 260-10-45 “Earnings per Share”, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. For the three and nine months ended May 31, 2021 and May 31, 2020, potential dilutive instruments were anti-dilutive due to the Company’s net losses.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors and non-employees (effective September 1, 2019), the fair value of the award is measured on the grant date. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the award, usually the vesting period. Stock-based compensation expense is recorded by the Company in the same expense classification in the consolidated statements of operations and comprehensive loss, as if such amounts were paid in cash. The Company elected to account for forfeitures as they occur.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">On December 18, 2019, the FASB issued ASU 2019-12, which modifies ASC 740 to simplify the accounting for income taxes. The ASU’s amendments are based on changes that were suggested by stakeholders as part of the FASB’s simplification initiative (i.e., the Board’s effort to reduce the complexity of accounting standards while maintaining or enhancing the helpfulness of information provided to financial statement users. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company is evaluating the impact of this on its consolidated financial statements.   On January 16, 2020, the FASB issued ASU 2020-01 in response to an EITF consensus. The ASU makes improvements related to the following two topics: (a) Accounting for certain equity securities when the equity method of accounting is applied or discontinued — The ASU clarifies that “an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method.” (b) Scope considerations related to forward contracts and purchased options on certain securities — The ASU clarifies that “for the purpose of applying paragraph 815-10- 15-141(a) an entity should not consider whether, upon the settlement of the forward contract or exercise of the purchased option, individually or with existing investments, the underlying securities would be accounted for under the equity method in Topic 323 or the fair value option in accordance with the financial instruments guidance in Topic 825.” This ASU is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company is evaluating the impact of this on its consolidated financial statements.   Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or in management’s opinion will not have a material impact on the Company’s present or future consolidated financial statements.</div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> 2021</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">76,970</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> 2022</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> 2023</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Total minimum lease payments</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">76,970</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Less: present value discount</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(950 </td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Present value of minimum lease payments</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">76,020</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Current portion of operating lease obligation</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">76,020</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Operating lease obligation, less current portion</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr></table>   </div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Fair value of derivatives at August 31, 2020</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 307,446</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Addition of new derivative liabilities upon issuance of convertible notes as debt discount</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 16,133</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Reduction of derivative liabilities from conversion of convertible notes to shares of common stock</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> (532,647</td> <td style="width:1%;vertical-align:bottom;"> )</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Loss on change in fair value of derivative liabilities</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> 209,068</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Fair value of derivative liabilities at May 31, 2021</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td></tr></table></div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Options Outstanding</td> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Weighted-Average Exercise Price</td> <td>  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Balance as of August 31, 2020</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Grants</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 550,000</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 0.10</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Exercised</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Forfeited<a name="_msocom_1"></a></td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> (450,000</td> <td style="width:1%;vertical-align:bottom;"> )</td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Balance as of May 31, 2021</td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;">  </td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> 100,000</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> $</td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> 0.10</td> <td style="width:1%;">  </td></tr></table></div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Number of Options</td> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Weighted-Average Remaining Contractual Life (in Years)</td> <td>  </td> <td>  </td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> Weighted-Average Exercise Price</td> <td>  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Outstanding</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 100,000</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 0.84</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 0.10</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Exercisable</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 100,000</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 0.84</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 0.10</td> <td style="width:1%;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Expected to vest</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> -</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:9%;vertical-align:bottom;"> 0.84</td> <td style="width:1%;">  </td> <td style="width:1%;">  </td> <td style="width:1%;vertical-align:bottom;"> $</td> <td style="width:9%;vertical-align:bottom;"> 0.10</td> <td style="width:1%;">  </td></tr></table></div>

<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN">  <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Shares</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> Weighted-Average Fair Value per Share</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Balance as of August 31, 2019</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Shares of restricted stock granted</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">700,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.25</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Forfeited</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Balance as of August 31, 2020</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">700,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.25</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Shares of restricted stock granted</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Forfeited</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;" colspan="2"> (250,000)-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Balance as of May 31, 2021</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">450,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1.25</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td></tr></table>   <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td>  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> May 31,</td> <td style="white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> August 31,</td> <td style="white-space: nowrap;">  </td></tr> <tr style="height:15px"> <td style="vertical-align:bottom;"> Number of Restricted Stock Swards</td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> 2021</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td> <td style="white-space: nowrap;">  </td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> 2020</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> Vested</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">450,000</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">62,500</td> <td style="width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> Non-vested</td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">637,500</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;">  </td></tr> <tr style="height:15px;background-color:#cceeff"> <td>  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">450,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td> <td style="width:1%;white-space: nowrap;">  </td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;">  </td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">700,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;">  </td></tr></table>    </div>

1.2139 1.1991

1.1974

1.1136

P5Y

275252

259156

P3Y

P15M The agreement calls for a monthly payment of CHF 14,000 per month with CHF 8,000 to be paid in cash and the balance of $6,000 to be deferred on a monthly basis up to an amount not exceeding CHF 70,000 with payment terms to be decided by the Company

25000

0.10

2500 64493 The options must be exercised within 15 months from the date of the agreement and can be executed no earlier as follows: 50,000 within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. The agreement calls for a base salary of Swiss francs (CHF) 150,000 per year, increasing to CHF 180,000, payable in increments of CHF 15,000 per month from April 1, 2021 onward.

500000

0.10

0.5

60966

46073

0 3000

15000

7500

2833

15777

500000

144000

250000

200000

0.5

86121

50,000 shares are due within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months.

125000

0.5

77748

200000

250000

200000

35000

2500

5000

14922

25375

8864

24000

8000

120000

81290

1219979

500000

871948

560000

2021-01-23

76970

-950

76020

0.0219

P9M

250066

83155

2550

3120

2340

20000

464650

489750

954400

-1122500

-16133

-1565 617934

432136

62500

45000 60000

44550

60000

convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion

2021-06-22

2021-07-22

0.10

110000

2021-08-22

560000

567108

22439

130000

2021-09-22

82700

2021-10-01

These notes are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock

0.10

62500

135038

130000 62500

This note matures on March 31, 2021, and is convertible into common stock at the rate equivalent to 80% of the Company’s 30 day average stock price prior to conversion

5000000

27838

500000

560000

500000

578680

2021-01-22

500000

560000

The note in the amount of $500,000 is convertible into common shares at the rate equivalent to 70% of the Company’s 30 day average stock price prior to conversion.

The second note in the amount of $560,000 is convertible into common stock at the rate equivalent to 80% of the Company’s 30 day average stock price prior to conversion.

81501

16133 -532647 209068

The remaining notes as of May 31, 2021,are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock

50500011

200000

1280827

1122500

250000

550000

-450000 100000 0

0.10

0 0.10 P1Y2M30D

6.32

0.0016

0.001

1.1

100000

P10M2D

0.10

700000

-250000 700000 450000 0 1.25 1.25 0 0 0 1.25 1.25

450000

62500

637500

450000

700000

812500

660707

1.20

580000

44420

250000

2 1000000 1000000

In addition, Mr. Johnson is eligible to receive a performance bonus equal to 1,000,000 fully vested shares of common stock for each net liquid $1,000,000 in equity raised by the Company during his first six (6) months of tenure as CEO, up to a maximum of 5,000,000 shares issued

2021-09-22

It is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock.

EX-101.SCH 7 btim-20210531.xsd XBRL TAXONOMY EXTENSION SCHEMA 000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink 000002 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 000005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) link:presentationLink link:calculationLink link:definitionLink 000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 000007 - Disclosure - ORGANIZATION AND NATURE OF BUSINESS link:presentationLink link:calculationLink link:definitionLink 000008 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 000009 - Disclosure - GOING CONCERN link:presentationLink link:calculationLink link:definitionLink 000010 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 000011 - Disclosure - LEASES link:presentationLink link:calculationLink link:definitionLink 000012 - Disclosure - LOAN PAYABLE link:presentationLink link:calculationLink link:definitionLink 000013 - Disclosure - CONVERTIBLE NOTES link:presentationLink link:calculationLink link:definitionLink 000014 - Disclosure - DERIVATIVE LIABILITY link:presentationLink link:calculationLink link:definitionLink 000015 - Disclosure - COMMON STOCK link:presentationLink link:calculationLink link:definitionLink 000016 - Disclosure - SHARE BASED COMPENSATION link:presentationLink link:calculationLink link:definitionLink 000017 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 000018 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 000020 - Disclosure - LEASES (Tables) link:presentationLink link:calculationLink link:definitionLink 000021 - Disclosure - CONVERTIBLE NOTES (Tables) link:presentationLink link:calculationLink link:definitionLink 000022 - Disclosure - DERIVATIVE LIABILITY (Tables) link:presentationLink link:calculationLink link:definitionLink 000023 - Disclosure - SHARE BASED COMPENSATION (Tables) link:presentationLink link:calculationLink link:definitionLink 000024 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 000025 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000026 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000027 - Disclosure - LEASES (Details) link:presentationLink link:calculationLink link:definitionLink 000028 - Disclosure - LEASES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000029 - Disclosure - LOAN PAYABLE (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000030 - Disclosure - CONVERTIBLE NOTES (Details) link:presentationLink link:calculationLink link:definitionLink 000031 - Disclosure - CONVERTIBLE NOTES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000032 - Disclosure - DERIVATIVE LIABILITY (Details) link:presentationLink link:calculationLink link:definitionLink 000033 - Disclosure - DERIVATIVE LIABILITY (Details 1) link:presentationLink link:calculationLink link:definitionLink 000034 - Disclosure - DERIVATIVE LIABILITY (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000035 - Disclosure - COMMON STOCK (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000036 - Disclosure - SHARE-BASED COMPENSATION (Details) link:presentationLink link:calculationLink link:definitionLink 000037 - Disclosure - SHARE-BASED COMPENSATION (Details 1) link:presentationLink link:calculationLink link:definitionLink 000038 - Disclosure - SHARE-BASED COMPENSATION (Details 2) link:presentationLink link:calculationLink link:definitionLink 000039 - Disclosure - SHARE-BASED COMPENSATION (Details 3) link:presentationLink link:calculationLink link:definitionLink 000040 - Disclosure - SHARE-BASED COMPENSATION (Details 4) link:presentationLink link:calculationLink link:definitionLink 000041 - Disclosure - SHARE-BASED COMPENSATION (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000042 - Disclosure - SUBSEQUENT EVENTS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 8 btim-20210531_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Entity Registrant Name Entity Central Index Key Document Type Amendment Flag Current Fiscal Year End Date Entity Small Business Entity Shell Company Entity Emerging Growth Company Entity Current Reporting Status Document Period End Date Entity Filer Category Document Fiscal Period Focus Document Fiscal Year Focus Entity Ex Transition Period Entity Common Stock Shares Outstanding Document Quarterly Report Document Transition Report Entity Interactive Data Current CONSOLIDATED BALANCE SHEETS ASSETS Current Assets Cash VAT Receivable Total Current Assets [Assets, Current] Deposits Fixed assets, net Capitalized software costs, net Right of use asset - operating lease Total non-current assets [Other Assets] TOTAL ASSETS [Assets] LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued liabilities Related party loan Loan payable Convertible notes payable, net of unamortized discount Derivative liability Current portion - operating lease obligation Total Current Liabilities [Liabilities, Current] Non-current liabilities Operating lease obligation, net of current portion TOTAL LIABILITIES [Liabilities] STOCKHOLDER'S DEFICIT Common stock: authorized 500,000,000; $0.001 par value, 51,780,838 and 50,500,011 shares issued and outstanding at May 31, 2021 and August 31, 2020, respectively Additional paid in capital Accumulated deficit Accumulated other comprehensive income (loss) Total Stockholder's deficit [Stockholders' Equity Attributable to Parent] TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT [Liabilities and Equity] Stockholders' Deficit Common stock, shares authorized Common stock, shares par value Common stock, shares issued Common stock, shares outstanding CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) Revenue Operating Expenses: Selling and marketing General and administrative Total Operating Expenses [Operating Expenses] Loss from operations [Operating Income (Loss)] Other Income (Expense) Change in fair value of derivative liability Interest expense Gain on foreign exchange Total other income (expense) [Other Nonoperating Income (Expense)] Net loss before income tax provision [Income (Loss) from Continuing Operations before Income Taxes, Domestic] Provision for income tax Net Loss [Net Income (Loss) Attributable to Parent] Other comprehensive loss: Foreign currency translation adjustment Total comprehensive loss [Comprehensive Income (Loss), Net of Tax, Attributable to Parent] Net loss per common share Basic and diluted Weighted average common shares outstanding Basic and diluted [Weighted Average Number of Shares Outstanding, Basic] CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) Statement [Table] Statement [Line Items] Statement Equity Components Axis Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Income (Loss) Accumulated Deficit Balance, shares [Shares, Issued] Balance, amount Forgiveness of related party loan Foreign currency translation adjustment [Foreign currency translation adjustment] Net loss Stock based compensation Conversion of note payable to common stock, shares Conversion of note payable to common stock, amount Resolution of derivative liability Stock based compensation(forfeiture) Balance, shares Balance, amount CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Net loss Adjustments to reconcile net loss to net cash used in operating activities: Depreciation expense Change in fair value of derivative liability [Increase (Decrease) in Derivative Liabilities] Stock based compensation [Share-based Payment Arrangement, Noncash Expense] Amortization of discount - convertible notes Amortization of capitalized software Amortization of right of use asset Changes in operating assets and liabilities: VAT Receivable [Increase (Decrease) in Receivables] Deposits [Increase (Decrease) in Deposits] Accounts payable and accrued liabilities [Increase (Decrease) in Other Accounts Payable and Accrued Liabilities] Operating lease obligations [Operating lease obligations] Net Cash Used in Operating Activities [Net Cash Provided by (Used in) Operating Activities] CASH FLOWS FROM INVESTING ACTIVITIES Fixed asset purchases [Payments to Acquire Assets, Investing Activities] Capitalized software development costs [Payments to Develop Software] Net Cash Used in Investing Activities [Net Cash Provided by (Used in) Investing Activities] CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from related party loan Proceeds from loan payable Repayment of loan payable [Repayments of Long-term Loans from Vendors] Proceeds from issuance of convertible promissory notes Net Cash Provided by Financing Activities [Net Cash Provided by (Used in) Financing Activities] EFFECT OF EXCHANGE RATE CHANGES ON CASH Net change in cash for the year [Cash, Period Increase (Decrease)] Cash at beginning of the year Cash at end of the year SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for income taxes Cash paid for interest NON-CASH INVESTING AND FINANCING ACTIVITIES Conversion of convertible promissory notes to common stock Resolution of derivative liability Debt discount from derivative liability Forgiveness of related party loan ORGANIZATION AND NATURE OF BUSINESS NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES GOING CONCERN NOTE 3 - GOING CONCERN RELATED PARTY TRANSACTIONS NOTE 4 - RELATED PARTY TRANSACTIONS LEASES NOTE 5 - LEASES LOAN PAYABLE NOTE 6 - LOAN PAYABLE CONVERTIBLE NOTES NOTE 7 - CONVERTIBLE NOTES DERIVATIVE LIABILITY NOTE 8 - DERIVATIVE LIABILITY COMMON STOCK NOTE 9 - COMMON STOCK SHARE BASED COMPENSATION NOTE 10 - SHARE BASED COMPENSATION SUBSEQUENT EVENTS NOTE 11 - SUBSEQUENT EVENTS Principles of Consolidation Basis of Presentation Cash and Cash Equivalents Fixed Assets Revenue Recognition Fair Value of Financial Instruments Foreign Currency Capitalized Software Development Costs Impairment of Long-Lived Assets Leases Derivative Instrument Liability Use of Estimates Basic and Diluted Loss Per Share Stock Based Compensation Recent Accounting Pronouncement Summary of Foreign Currency Translation Summary of future minimum operating lease payments Summary of convertible notes Summary of change in fair value of derivative liabilities Summary of Derivative liability Summary of Stock option activity Summary of stock option granted Summary of stock option vested Summarizes the restricted stock activity EX-101.CAL 9 btim-20210531_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.PRE 10 btim-20210531_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE EX-101.DEF 11 btim-20210531_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT

Cover - shares	9 Months Ended
Cover - shares	May 31, 2021	Jul. 12, 2021
Cover [Abstract]
Entity Registrant Name	BOATIM INC.
Entity Central Index Key	0001622231
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	May 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		51,780,838
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

XML 13 R2.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS - USD ($)	May 31, 2021	Aug. 31, 2020
Current Assets
Cash	$ 10,563	$ 38,427
VAT Receivable	73,048	34,265
Total Current Assets	83,611	72,692
Deposits	9,581	4,787
Fixed assets, net	21,299	11,350
Capitalized software costs, net	490,253	259,156
Right of use asset - operating lease	76,020	162,304
Total non-current assets	597,153	437,597
TOTAL ASSETS	680,764	510,289
Current Liabilities
Accounts payable and accrued liabilities	432,925	189,680
Related party loan	1,219,979	348,031
Loan payable	20,000	47,962
Convertible notes payable, net of unamortized discount	432,136	464,650
Derivative liability	0	307,446
Current portion - operating lease obligation	76,020	141,276
Total Current Liabilities	2,181,060	1,499,045
Non-current liabilities
Operating lease obligation, net of current portion	0	38,391
TOTAL LIABILITIES	2,181,060	1,537,436
STOCKHOLDER'S DEFICIT
Common stock: authorized 500,000,000; $0.001 par value, 51,780,838 and 50,500,011 shares issued and outstanding at May 31, 2021 and August 31, 2020, respectively	51,781	50,500
Additional paid in capital	1,974,501	(259,635)
Accumulated deficit	(3,557,961)	(797,306)
Accumulated other comprehensive income (loss)	31,383	(20,706)
Total Stockholder's deficit	(1,500,296)	(1,027,147)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 680,764	$ 510,289

XML 14 R3.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	May 31, 2021	Aug. 31, 2020
Stockholders' Deficit
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	51,780,838	50,500,011
Common stock, shares outstanding	51,780,838	50,500,011

XML 15 R4.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited)
Revenue	$ 183	$ 0	$ 900	$ 0
Operating Expenses:
Selling and marketing	20,999	0	257,088	0
General and administrative	319,327	209,346	1,692,362	452,035
Total Operating Expenses	340,326	209,346	1,949,450	452,035
Loss from operations	(340,143)	(209,346)	(1,948,550)	(452,035)
Other Income (Expense)
Change in fair value of derivative liability	(17,860)	0	(209,068)	0
Interest expense	28,014	0	(617,934)	0
Gain on foreign exchange	14,897	0	14,897	0
Total other income (expense)	25,051	0	(812,105)	0
Net loss before income tax provision	(315,092)	(209,346)	(2,760,655)	(452,035)
Provision for income tax	0	0	0	0
Net Loss	(315,092)	(209,346)	(2,760,655)	(452,035)
Other comprehensive loss:
Foreign currency translation adjustment	28,083	1,003	52,089	390
Total comprehensive loss	$ (287,009)	$ (208,343)	$ (2,708,566)	$ (451,645)
Net loss per common share
Basic and diluted	$ (0.01)	$ (0.00)	$ (0.05)	$ (0.01)
Weighted average common shares outstanding
Basic and diluted	51,701,577	50,500,011	51,110,589	50,500,011

XML 16 R5.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Balance, shares at Aug. 31, 2019		50,500,011
Balance, amount at Aug. 31, 2019	$ (740,724)	$ 50,500	$ (403,425)	$ (407)	$ (387,392)
Forgiveness of related party loan	81,290	0	81,290	0	0
Foreign currency translation adjustment	(454)	0		(454)	0
Net loss	(77,681)	$ 0	0	0	(77,681)
Balance, shares at Nov. 30, 2019		50,500,011
Balance, amount at Nov. 30, 2019	(737,569)	$ 50,500	(322,135)	(861)	(465,073)
Balance, shares at Aug. 31, 2019		50,500,011
Balance, amount at Aug. 31, 2019	(740,724)	$ 50,500	(403,425)	(407)	(387,392)
Forgiveness of related party loan	81,290
Net loss	(452,035)
Balance, shares at May. 31, 2020		50,500,011
Balance, amount at May. 31, 2020	(1,111,079)	$ 50,500	(322,135)	(17)	(839,427)
Balance, shares at Nov. 30, 2019		50,500,011
Balance, amount at Nov. 30, 2019	(737,569)	$ 50,500	(322,135)	(861)	(465,073)
Foreign currency translation adjustment	(159)	0	0	(159)	0
Net loss	(165,008)	$ 0	0	0	(165,008)
Balance, shares at Feb. 29, 2020		50,500,011
Balance, amount at Feb. 29, 2020	(902,736)	$ 50,500	(322,135)	(1,020)	(630,081)
Foreign currency translation adjustment	1,003	0	0	1,003	0
Net loss	(209,346)	$ 0	0	0	(209,346)
Balance, shares at May. 31, 2020		50,500,011
Balance, amount at May. 31, 2020	(1,111,079)	$ 50,500	(322,135)	(17)	(839,427)
Balance, shares at Aug. 31, 2020		50,500,011
Balance, amount at Aug. 31, 2020	(1,027,147)	$ 50,500	(259,635)	(20,706)	(797,306)
Foreign currency translation adjustment	(15,814)	0	0	(15,814)	0
Net loss	(939,319)	$ 0	0	0	(939,319)
Balance, shares at Nov. 30, 2020		50,500,011
Balance, amount at Nov. 30, 2020	(1,982,280)	$ 50,500	(259,635)	(36,520)	(1,736,625)
Balance, shares at Aug. 31, 2020		50,500,011
Balance, amount at Aug. 31, 2020	(1,027,147)	$ 50,500	(259,635)	(20,706)	(797,306)
Forgiveness of related party loan	0
Net loss	(2,760,655)
Resolution of derivative liability	532,647
Balance, shares at May. 31, 2021		51,780,838
Balance, amount at May. 31, 2021	(1,500,296)	$ 51,781	1,974,501	31,383	(3,557,961)
Balance, shares at Nov. 30, 2020		50,500,011
Balance, amount at Nov. 30, 2020	(1,982,280)	$ 50,500	(259,635)	(36,520)	(1,736,625)
Foreign currency translation adjustment	39,820	0	0	39,820	0
Net loss	(1,506,244)	0	0	0	(1,506,244)
Stock based compensation	704,228	$ 0	704,228	0	0
Conversion of note payable to common stock, shares		1,145,789
Conversion of note payable to common stock, amount	1,060,000	$ 1,146	1,058,854	0	0
Resolution of derivative liability	532,647	$ 0	532,647	0	0
Balance, shares at Feb. 28, 2021		51,645,800
Balance, amount at Feb. 28, 2021	(1,151,829)	$ 51,646	2,036,094	3,300	(3,242,869)
Foreign currency translation adjustment	28,083	0	0	28,083	0
Net loss	(315,092)	$ 0	0	0	(315,092)
Conversion of note payable to common stock, shares		135,038
Conversion of note payable to common stock, amount	62,500	$ 135	62,365	0	0
Stock based compensation(forfeiture)	(123,958)	$ 0	(123,958)	0	0
Balance, shares at May. 31, 2021		51,780,838
Balance, amount at May. 31, 2021	$ (1,500,296)	$ 51,781	$ 1,974,501	$ 31,383	$ (3,557,961)

XML 17 R6.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	May 31, 2021	May 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,760,655)	$ (452,035)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	2,576	0
Change in fair value of derivative liability	209,068	0
Stock based compensation	580,270	0
Amortization of discount - convertible notes	617,934	0
Amortization of capitalized software	44,155	0
Amortization of right of use asset	86,284	0
Changes in operating assets and liabilities:
VAT Receivable	(38,783)	(11,088)
Deposits	(4,794)	0
Accounts payable and accrued liabilities	243,245	(4,145)
Operating lease obligations	(103,647)	0
Net Cash Used in Operating Activities	(1,124,347)	(467,268)
CASH FLOWS FROM INVESTING ACTIVITIES
Fixed asset purchases	(12,525)	0
Capitalized software development costs	(275,252)	0
Net Cash Used in Investing Activities	(287,777)	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party loan	871,948	486,074
Proceeds from loan payable	20,000	0
Repayment of loan payable	(47,962)
Proceeds from issuance of convertible promissory notes	488,185	0
Net Cash Provided by Financing Activities	1,332,171	486,074
EFFECT OF EXCHANGE RATE CHANGES ON CASH	52,089	390
Net change in cash for the year	(27,864)	19,196
Cash at beginning of the year	38,427	15,691
Cash at end of the year	10,563	34,887
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	0	0
Cash paid for interest	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Conversion of convertible promissory notes to common stock	1,122,500	0
Resolution of derivative liability	532,647
Debt discount from derivative liability	16,133	0
Forgiveness of related party loan	$ 0	$ 81,290

XML 18 R7.htm IDEA: XBRL DOCUMENT

ORGANIZATION AND NATURE OF BUSINESS	9 Months Ended
ORGANIZATION AND NATURE OF BUSINESS	May 31, 2021
ORGANIZATION AND NATURE OF BUSINESS
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS	Boatim Inc. formerly known as Emerald Data Inc. (“we”, “our, “Boatim”, the “Company”) is a for profit corporation established under the corporate laws of the State of Nevada on August 15, 2014. On January 24, 2019 the Company´s board and shareholders passed a motion to change the Company name to “BOATIM INC.” Its fiscal year end is August 31. Boatim, Inc. established Boatim Europe S.L. (“Boatim Europe”) as a private limited company pursuant to the laws of Spain on December 18, 2019, with the Company having indirect ownership of one hundred percent of the issued and outstanding membership interests of Boatim Europe. In December 2020, the Company finalized the process of collecting and submitting all required paperwork to the Spanish authorities to enter Boatim Inc. as direct owner on public records in Spain, making Boatim Europe a wholly owned subsidiary of the Company. Originally in the business of producing and distributing furniture, the business was changed to online food blogging as a promotion channel for restaurants, bars and fine dining. Subsequently, following the acquisition of the Boatim software platform, the Company expanded into the boating industry by further developing the software platform. The Boatim software platform is an online boat trading marketplace, combining data-driven technology and digital marketing capabilities to offer a rolling subscription for service model of access to the platform for the extensive market of global boat dealers.

XML 19 R8.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

May 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

Basis of Presentation

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

Fixed Assets

Revenue Recognition

Fair Value of Financial Instruments

Level 1 - Quoted market prices available in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

Foreign Currency

Translation of amounts from the local currency of Boatim Europe into US$ has been made at the following exchange rates:

May 21,

2021

August 31,

2020

Current EUR: US$ exchange rate

1.2139

1.1991

Average EUR: US$ exchange rate

1.1974

1.1136

Capitalized Software Development Costs

Impairment of Long-Lived Assets

Leases

As of September 1, 2019, the Company adopted the provisions of “Accounting Standards Codification Topic 842 Leases (ASC 842)” using the modified retrospective basis for all agreements

Derivative Instrument Liability

Use of Estimates

Basic and Diluted Loss Per Share

Stock Based Compensation

Recent Accounting Pronouncements

XML 20 R9.htm IDEA: XBRL DOCUMENT

GOING CONCERN	9 Months Ended
GOING CONCERN	May 31, 2021
GOING CONCERN
NOTE 3 - GOING CONCERN	The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, the Company had minimal revenues for the nine months ended May 31, 2021 and incurred recurring losses. In addition, the Company had a negative working capital as of May 31, 2021 and has not completed its efforts to establish a stable source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on borrowings from a related party to fund operating expenses. There are no assurances that the Company will be successful in any of its endeavors or become financially viable and continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

XML 21 R10.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	May 31, 2021
RELATED PARTY TRANSACTIONS
NOTE 4 - RELATED PARTY TRANSACTIONS	Mr. Robert Glass, a lawyer, is providing services free of charge from time to time, such services involving advice on accounting matters and processing of information for reporting services. On September 12, 2019, Veng Kun Lun, a former officer and director of the Company, forgave all amounts due to him from the Company, totaling $81,290, which was recorded as additional paid in capital. During the nine months ended May 31, 2021, Cayo Ventures GmbH (“Cayo”), a related party, advanced a total of $871,948 to the Company. Cayo is owned by the former majority shareholder and former officer, Mr. Yves Toelderer. As of May 31, 2021, the Company owed a total of $1,219,979 to Cayo, which includes $2,833 owed to Yves Toelderer. These loans are unsecured, non-interest bearing and due on demand. During the year ended August 31, 2019, the Company issued a note in the amount of $500,000 to Cayo for the purchase of the Boatim software platform. The note matured on January 23, 2020 but was extended to January 23, 2021. On July 21, 2020, the Company cancelled the note when Cayo transferred its claim against the Company to an unrelated party. On the same date, Cayo also assigned a portion of the related party loans (see above) amounting to $560,000 to another unrelated party. The Company then issued convertible notes to these unrelated parties. (See Note 7). On June 1, 2020, the Company entered into services agreement with Mr. Wolfgang Tippner, who is an officer of the Company, as Chief Executive Officer. The agreement calls for a sign-on bonus of $24,000, payable within 6 months from the date of the agreement and a cash compensation for his services of $8,000 per month. During the nine months ended May 31, 2021, a total of $0 has been paid to Mr. Tippner. As of May 31, 2021, $120,000 in accrued compensation remains outstanding. On June 1, 2020, the Company entered into a services agreement with Mr. Patrick Heneise, who is a Director of the Company, as Chief Technology Officer. The agreement calls for an equity bonus of 200,000 common shares of the company within 6 months of the date of the agreement. As cash compensation for his services, he is to receive a total of €35,000, payable at €2,500 per month for technology consulting services and a €5,000 executive services fee payable annually. During the nine months ended May 31, 2021, a total of $14,922 has been paid to Mr. Heneise. As of May 31, 2021, and August 31, 2020, $25,375 and $8,864 in accrued compensation remains outstanding, respectively. During the nine months ended May 31, 2021 the Company recognized $250,000 of stock-based compensation expense for the 200,000 shares earned by Mr. Heneise. On June 15, 2020, the Company entered into a service agreement with Mr. Chris Roy, who was a former member of the Board of Directors of the Company, as Chief Product Officer. The agreement calls for a base salary of €125,000 per year. In addition, Mr. Roy is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $77,748 has been paid to Mr. Roy. As of May 31, 2021, $0 in accrued compensation remains outstanding. Mr. Chris Roy resigned as a member of the Board of Directors on February 12, 2021. On July 1, 2020, the Company entered into a service agreement with Mr. Patrick Burkert, who was a former member of the Board of Directors of the Company, as Chief Marketing Officer. The agreement calls for a sign on bonus of 500,000 shares of restricted common stock, of which 50,000 shares are due within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. He will also receive a base salary of €144,000 per year. In addition, Mr. Burkert is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $86,121 has been paid to Mr. Burkert in cash compensation. As of May 31, 2021, $0 in accrued cash compensation remains outstanding. As of May 31, 2021, there was $0 earned or accrued for a performance-based bonus. During the nine months ended May 31, 2021 the Company recognized $250,000 of stock-based compensation expense for the 200,000 shares earned by Mr. Burkert. Mr. Patrick Burkert resigned as a member of the Board of Directors on February 12, 2021. On January 1, 2021, the Company entered into a service agreement with Mr. Benjamin Salter, as Director and Chief Financial Officer. The agreement calls for a sign on bonus of options for 500,000 shares of common stock at a strike price of $0.10 per share. See Note 9. The options must be exercised within 15 months from the date of the agreement and can be executed no earlier as follows: 50,000 within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. The agreement calls for a base salary of Swiss francs (CHF) 150,000 per year, increasing to CHF 180,000, payable in increments of CHF 15,000 per month from April 1, 2021 onward. In addition, Mr. Salter is eligible to receive a performance bonus equal to 50% of his base salary, based upon targets set by the board of directors of the Company. During the nine months ended May 31, 2021, a total of $60,966 has been paid to Mr. Salter in cash compensation. As of May 31, 2021, $46,073 in accrued cash compensation remains outstanding. As of May 31, 2021, there was $0 earned or accrued for a performance-based bonus. During the nine months ended May 31, 2021 the Company recognized $64,493 of stock-based compensation expense for the options granted under this service agreement. Mr. Salter resigned as a member of the Board of Directors and as CFO on March 19, 2021 but continues with the Company heading business development and operations in Europe. On April 01, 2021, the Company entered into an independent contractor agreement with Mr. Salter, as Head of Operations. The agreement calls for a monthly payment of CHF 14,000 per month with CHF 8,000 to be paid in cash and the balance of $6,000 to be deferred on a monthly basis up to an amount not exceeding CHF 70,000 with payment terms to be decided by the Company. In addition, Mr. Salter is to receive options for 25,000 shares of common stock each month at a strike price of $0.10 per share with a term of 15 months. The Company agreed to also make a cash payment to Mr. Slater on exercise of his options of $2,500. During the nine months ended May 31, 2021, the Company recognized $15,777 of stock-based compensation expense for the options granted under this agreement. On March 19, 2021, the Company entered into a service agreement with Mr. Mario Beckles, as Director and Chief Financial Officer, commencing on April 1, 2020. The agreement calls for cash compensation in the amount of $3,000 per month to be paid monthly. As of May 31, 2021, $15,000 has been paid to Mr. Beckles in cash compensation. As of May 31, 2021, $7,500 in accrued cash compensation is outstanding.

XML 22 R11.htm IDEA: XBRL DOCUMENT

LEASES

9 Months Ended

May 31, 2021

LEASES

NOTE 5 - LEASES

Operating Lease Obligations

Future minimum operating lease payments consist of:

2021	$	76,970
2022		-
2023		-
Total minimum lease payments		76,970
Less: present value discount		(950	)
Present value of minimum lease payments		76,020
Current portion of operating lease obligation		76,020
Operating lease obligation, less current portion	$	-

XML 23 R12.htm IDEA: XBRL DOCUMENT

LOAN PAYABLE	9 Months Ended
LOAN PAYABLE	May 31, 2021
LOAN PAYABLE
NOTE 6 - LOAN PAYABLE	On February 11, 2021, the Company received a short-term loan from an unrelated third party in the amount of $20,000. The loan is unsecured, has no maturity date and is non-interest bearing. As of May 31, 2021, $20,000 remains outstanding.

XML 24 R13.htm IDEA: XBRL DOCUMENT

CONVERTIBLE NOTES

9 Months Ended

May 31, 2021

CONVERTIBLE NOTES

NOTE 7 - CONVERTIBLE NOTES

On April 23, 2021 the holder of the note in the amount of $62,500 converted $62,500 of its note into 135,038 shares of common stock.

A summary of changes to the convertible notes for the nine months ended May 31, 2021 is as follows:

Carrying value of Convertible Notes at August 31, 2020	$	464,650
New principal		489,750
Total principal		954,400
Less: conversion of principal		(1,122,500	)
Less: discount related to fair value of the embedded conversion feature		(16,133	)
Less: discount related to original issue discount		(1,565)
Add: amortization of discount		617,934
Carrying value of Convertible Notes at May 31, 2021	$	432,136

XML 25 R14.htm IDEA: XBRL DOCUMENT

DERIVATIVE LIABILITY

9 Months Ended

May 31, 2021

DERIVATIVE LIABILITY

NOTE 8 - DERIVATIVE LIABILITY

The change in fair values of the derivative liabilities related to the Convertible Notes for the nine months ended May 31, 2021is summarized as:

			Quoted market prices
	Fair value at		for identical		Significant other		Significant
	May 31,		assets/liabilities		observable inputs		unobservable inputs
	2021		(Level 1)		(Level 2)		(Level 3)
Derivative Liability	$	-	$	-	$	-	$	-

Fair value of derivatives at August 31, 2020							$	307,446
Addition of new derivative liabilities upon issuance of convertible notes as debt discount								16,133
Reduction of derivative liabilities from conversion of convertible notes to shares of common stock								(532,647	)
Loss on change in fair value of derivative liabilities								209,068
Fair value of derivative liabilities at May 31, 2021							$	-

XML 26 R15.htm IDEA: XBRL DOCUMENT

COMMON STOCK	9 Months Ended
COMMON STOCK	May 31, 2021
COMMON STOCK
NOTE 9 - COMMON STOCK	As of May 31, 2021, and August 31, 2020, a total of 51,780,838 and 50,500,011 shares of common stock were issued and outstanding. The Company has not issued the stock-based compensation of 250,000 shares of common stock to Patrick Burkert or the 200,000 shares of common stock to Patrick Heneise. During the nine months ended May 31, 2021, the Company issued 1,280,827 common shares to satisfy the conversion of $1,122,500 of convertible promissory notes.

XML 27 R16.htm IDEA: XBRL DOCUMENT

SHARE BASED COMPENSATION

9 Months Ended

May 31, 2021

SHARE BASED COMPENSATION

NOTE 10 - SHARE BASED COMPENSATION

Stock Options

The following summarizes the stock option activity for the nine months ended May 31, 2021:

	Options Outstanding			Weighted-Average Exercise Price
Balance as of August 31, 2020		-			-
Grants		550,000		$	0.10
Exercised		-			-
Forfeited		(450,000	)		-
Balance as of May 31, 2021		100,000		$	0.10

Expected term (years)	1.25 years
Expected stock price volatility	110-632%
Weighted-average risk-free rate	0.10-0.16%
Expected dividend		-

The following summarizes certain information about stock options vested and expected to vest as of May 31, 2021:

	Number of Options		Weighted-Average Remaining Contractual Life (in Years)		Weighted-Average Exercise Price
Outstanding		100,000		0.84	$	0.10
Exercisable		100,000		0.84	$	0.10
Expected to vest		-		0.84	$	0.10

Restricted Stock Awards

The following summarizes the restricted stock activity for the nine months ended May 31, 2021 and year ended August 31, 2020:

	Shares		Weighted-Average Fair Value per Share
Balance as of August 31, 2019		-		-
Shares of restricted stock granted		700,000	$	1.25
Forfeited		-		-
Balance as of August 31, 2020		700,000	$	1.25
Shares of restricted stock granted		-		-
Forfeited	(250,000)			-
Balance as of May 31, 2021		450,000	$	1.25

	May 31,		August 31,
Number of Restricted Stock Swards	2021		2020
Vested		450,000		62,500
Non-vested		-		637,500
		450,000		700,000

XML 28 R17.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	May 31, 2021
SUBSEQUENT EVENTS
NOTE 11 - SUBSEQUENT EVENTS	On June 02, 2021 Patrick Heneise resigned as Director which took effect on June 30, 2021. On June 22, 2021, the Company entered into an employment agreement with Mr. Joseph Johnson, as a member of the Board of Directors and as Chief Executive Officer. The agreement provides for a base salary of $250,000 per year, subject to an inflationary increase using the US Consumer Price Index. The agreement also provides for an annual incentive bonus equal to 200% of his base salary and a sign on bonus of 1,000,000 shares of unrestricted common stock which will be fully vested with a service period of six (6) months from the date of the agreement. In addition, Mr. Johnson is eligible to receive a performance bonus equal to 1,000,000 fully vested shares of common stock for each net liquid $1,000,000 in equity raised by the Company during his first six (6) months of tenure as CEO, up to a maximum of 5,000,000 shares. On June 06, 2021 the Company issued $44,420 in a convertible note to an unrelated party, which is non-interest bearing and matures on September 22, 2021. It is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock.

XML 29 R18.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

May 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

Basis of Presentation

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

Fixed Assets

Revenue Recognition

Fair Value of Financial Instruments

Level 1 - Quoted market prices available in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.

Foreign Currency

Translation of amounts from the local currency of Boatim Europe into US$ has been made at the following exchange rates:

May 21,

2021

August 31,

2020

Current EUR: US$ exchange rate

1.2139

1.1991

Average EUR: US$ exchange rate

1.1974

1.1136

Capitalized Software Development Costs

Impairment of Long-Lived Assets

Leases

As of September 1, 2019, the Company adopted the provisions of “Accounting Standards Codification Topic 842 Leases (ASC 842)” using the modified retrospective basis for all agreements

Derivative Instrument Liability

Use of Estimates

Basic and Diluted Loss Per Share

Stock Based Compensation

Recent Accounting Pronouncement

XML 30 R19.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

May 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of Foreign Currency Translation

May 21,

2021

August 31,

2020

Current EUR: US$ exchange rate

1.2139

1.1991

Average EUR: US$ exchange rate

1.1974

1.1136

XML 31 R20.htm IDEA: XBRL DOCUMENT

LEASES (Tables)

9 Months Ended

May 31, 2021

LEASES

Summary of future minimum operating lease payments

2021	$	76,970
2022		-
2023		-
Total minimum lease payments		76,970
Less: present value discount		(950	)
Present value of minimum lease payments		76,020
Current portion of operating lease obligation		76,020
Operating lease obligation, less current portion	$	-

XML 32 R21.htm IDEA: XBRL DOCUMENT

CONVERTIBLE NOTES (Tables)

9 Months Ended

May 31, 2021

CONVERTIBLE NOTES

Summary of convertible notes

Carrying value of Convertible Notes at August 31, 2020	$	464,650
New principal		489,750
Total principal		954,400
Less: conversion of principal		(1,122,500	)
Less: discount related to fair value of the embedded conversion feature		(16,133	)
Less: discount related to original issue discount		(1,565)
Add: amortization of discount		617,934
Carrying value of Convertible Notes at May 31, 2021	$	432,136

XML 33 R22.htm IDEA: XBRL DOCUMENT

DERIVATIVE LIABILITY (Tables)

9 Months Ended

May 31, 2021

DERIVATIVE LIABILITY

Summary of change in fair value of derivative liabilities

Quoted market prices

Fair value at

for identical

Significant other

Significant

May 31,

assets/liabilities

observable inputs

unobservable inputs

2021

(Level 1)

(Level 2)

(Level 3)

Derivative Liability

Summary of Derivative liability

Fair value of derivatives at August 31, 2020	$	307,446
Addition of new derivative liabilities upon issuance of convertible notes as debt discount		16,133
Reduction of derivative liabilities from conversion of convertible notes to shares of common stock		(532,647	)
Loss on change in fair value of derivative liabilities		209,068
Fair value of derivative liabilities at May 31, 2021	$	-

XML 34 R23.htm IDEA: XBRL DOCUMENT

SHARE BASED COMPENSATION (Tables)

9 Months Ended

May 31, 2021

SHARE BASED COMPENSATION

Summary of Stock option activity

	Options Outstanding			Weighted-Average Exercise Price
Balance as of August 31, 2020		-			-
Grants		550,000		$	0.10
Exercised		-			-
Forfeited		(450,000	)		-
Balance as of May 31, 2021		100,000		$	0.10

Summary of stock option granted

Expected term (years)	1.25 years
Expected stock price volatility	110-632%
Weighted-average risk-free rate	0.10-0.16%
Expected dividend		-

Summary of stock option vested

	Number of Options		Weighted-Average Remaining Contractual Life (in Years)		Weighted-Average Exercise Price
Outstanding		100,000		0.84	$	0.10
Exercisable		100,000		0.84	$	0.10
Expected to vest		-		0.84	$	0.10

Summarizes the restricted stock activity

	Shares		Weighted-Average Fair Value per Share
Balance as of August 31, 2019		-		-
Shares of restricted stock granted		700,000	$	1.25
Forfeited		-		-
Balance as of August 31, 2020		700,000	$	1.25
Shares of restricted stock granted		-		-
Forfeited	(250,000)-			-
Balance as of May 31, 2021		450,000	$	1.25

	May 31,		August 31,
Number of Restricted Stock Swards	2021		2020
Vested		450,000		62,500
Non-vested		-		637,500
		450,000		700,000

XML 35 R24.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	May 31, 2021	Aug. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Current EUR: US$ exchange rate	1.2139	1.1991
Average EUR: US$ exchange rate	1.1974	1.1136

XML 36 R25.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	May 31, 2021	May 31, 2020	Aug. 31, 2020
Estimated useful lives of the assets	3 years
Impairment loss	$ 0	$ 0
Capitalized Software Development Costs [Member]
Estimated useful lives	5 years
Software development costs	$ 275,252		$ 259,156

XML 37 R26.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS (Details Narrative)	1 Months Ended	9 Months Ended			12 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative)	Jun. 22, 2021 USD ($)	May 31, 2021 USD ($) $ / shares shares	May 31, 2021 EUR (€) shares	May 31, 2020 USD ($)	Aug. 31, 2019 USD ($) shares	May 31, 2021 EUR (€) shares	Aug. 31, 2020 USD ($) shares
Stock-based compensation expense		$ 580,270		$ 0
Common stock shares issued \| shares		51,780,838			50,500,011	51,780,838	50,500,011
Due to related parties		$ 1,974,501					$ (259,635)
Salary paid	$ 250,000
Mr. Benjamin Salter [Member] \| April 1, 2021 [Member]
Option term		15 months	15 months
Agreement Descriptions		The agreement calls for a monthly payment of CHF 14,000 per month with CHF 8,000 to be paid in cash and the balance of $6,000 to be deferred on a monthly basis up to an amount not exceeding CHF 70,000 with payment terms to be decided by the Company	The agreement calls for a monthly payment of CHF 14,000 per month with CHF 8,000 to be paid in cash and the balance of $6,000 to be deferred on a monthly basis up to an amount not exceeding CHF 70,000 with payment terms to be decided by the Company
Option granted \| shares		25,000	25,000
Strike price \| $ / shares		$ 0.10
Exercise cash payment		$ 2,500
Stock-based compensation expense		$ 15,777
Mr. Benjamin Salter [Member] \| January 1, 2021 [Member] \| Director And Chief Financial Officer [Member]
Agreement Descriptions		The options must be exercised within 15 months from the date of the agreement and can be executed no earlier as follows: 50,000 within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. The agreement calls for a base salary of Swiss francs (CHF) 150,000 per year, increasing to CHF 180,000, payable in increments of CHF 15,000 per month from April 1, 2021 onward.	The options must be exercised within 15 months from the date of the agreement and can be executed no earlier as follows: 50,000 within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months. The agreement calls for a base salary of Swiss francs (CHF) 150,000 per year, increasing to CHF 180,000, payable in increments of CHF 15,000 per month from April 1, 2021 onward.
Strike price \| $ / shares		$ 0.10
Stock-based compensation expense, cancelled		$ 64,493
Common stock shares issued \| shares		500,000				500,000
Performance Bonus		50.00%	50.00%
Cash compensation		$ 60,966
Accrued compensation		46,073
Performance-based bonus		0
Mr. Mario Beckles [Member] \| March 19, 2021 [Member] \| Director And Chief Financial Officer [Member]
Cash compensation		15,000
Accrued compensation		7,500
Cash compensation monthly		3,000
Mr. Yves Toelderer [Member]
Due to related parties		$ 2,833
Mr. Patrick Burkert [Member]
Stock based compensation, shares \| shares		250,000	250,000
Mr. Patrick Burkert [Member] \| July 1, 2020 [Member]
Agreement Descriptions		50,000 shares are due within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months.	50,000 shares are due within two weeks of the date of the agreement, 200,000 shares after 6 months, and the remaining shares after 12 months.
Stock-based compensation expense		$ 250,000
Performance Bonus		50.00%	50.00%
Accrued compensation		$ 0
Performance-based bonus		0
Due to related parties		$ 86,121
Restricted common stock \| shares		500,000				500,000
Salary paid \| €			€ 144,000
Stock based compensation, shares \| shares		200,000	200,000
Mr. Chris Roy [Member] \| June 15, 2020 [Member]
Performance Bonus		50.00%	50.00%
Accrued compensation		$ 0
Due to related parties		$ 77,748
Salary paid \| €			€ 125,000
Mr. Patrick Heneise [Member]
Stock based compensation, shares \| shares		200,000	200,000
Mr. Patrick Heneise [Member] \| June 1, 2020 [Member]
Stock-based compensation expense		$ 250,000
Cash compensation \| €			€ 35,000
Accrued compensation		25,375					$ 8,864
Due to related parties		$ 14,922
Stock based compensation, shares \| shares		200,000	200,000
Common Shares \| shares		200,000	200,000
Technology consulting services monthly \| €			€ 2,500
Fee Payable \| €						€ 5,000
Mr. Wolfgang Tippner [Member] \| June 1, 2020 [Member]
Cash compensation		$ 8,000
Accrued compensation		120,000
Due to related parties		$ 0
Common Shares \| shares		24,000	24,000
Mr. Veng Kun LUN [Member] \| September 12, 2019 [Member]
Due to related parties		$ 81,290
Cayo Ventures [Member]
Due to related parties		1,219,979
Due to related party for acquisition of intangible asset					$ 500,000
Advance from related party		871,948
Related party loans		$ 560,000
Maturity date		Jan. 23, 2021	Jan. 23, 2021

XML 38 R27.htm IDEA: XBRL DOCUMENT

LEASES (Details) - USD ($)	May 31, 2021	Aug. 31, 2020
LEASES
2021	$ 76,970
2022	0
2023	0
Total minimum lease payments	76,970
Less: present value discount	(950)
Present value of minimum lease payments	76,020
Current portion of operating lease obligations	76,020
Operating lease obligations, less current portion	$ 0	$ 38,391

XML 39 R28.htm IDEA: XBRL DOCUMENT

LEASES (Details Narrative)	3 Months Ended	9 Months Ended
LEASES (Details Narrative)	Feb. 28, 2020 USD ($)	May 31, 2021 USD ($)	May 31, 2021 EUR (€)	Aug. 31, 2020
Lease discount rate		2.19%	2.19%	2.19%
Weighted average remaining term		9 months	9 months
Operating lease expense \| $	$ 0	$ 83,155
February 2016 [Member]
Minimum rental payments discount rate		2.19%	2.19%
Operating lease liabilities \| $		$ 250,066
April 20, 2020 [Member]
Lease rental expense, per month			€ 2,550
December 01, 2019 [Member]
Lease rental expense, per month			3,120
August 1, 2019 [Member]
Lease rental expense, per month			€ 2,340

XML 40 R29.htm IDEA: XBRL DOCUMENT

LOAN PAYABLE (Details Narrative) - Third Party [Member] - USD ($)	9 Months Ended
	May 31, 2021	Feb. 11, 2021
Loan received from related party		$ 20,000
Outstanding loan	$ 20,000

XML 41 R30.htm IDEA: XBRL DOCUMENT

CONVERTIBLE NOTES (Details)	May 31, 2021 USD ($)
CONVERTIBLE NOTES
Carrying value of Convertible Notes at August 31, 2020	$ 464,650
New principal	489,750
Total principal	954,400
Less: conversion of principal	(1,122,500)
Less: discount related to fair value of the embedded conversion feature	(16,133)
Less: discount related to original issue discount	(1,565)
Add: amortization of discount	617,934
Carrying value of Convertible Notes at May 31, 2021	$ 432,136

XML 42 R31.htm IDEA: XBRL DOCUMENT

CONVERTIBLE NOTES (Details Narrative) - USD ($)		1 Months Ended			9 Months Ended
CONVERTIBLE NOTES (Details Narrative) - USD ($)	Dec. 08, 2018	Apr. 23, 2021	Jan. 10, 2021	Jul. 21, 2020	May 31, 2021
Note issued to related parties		$ 62,500
Convertible notes issued		$ 62,500
Conversion of common stock shares		135,038
Cayo Ventures [Member]
Note issued to related parties	$ 560,000			$ 500,000
Debt instrument descriptions	The second note in the amount of $560,000 is convertible into common stock at the rate equivalent to 80% of the Company’s 30 day average stock price prior to conversion.			The note in the amount of $500,000 is convertible into common shares at the rate equivalent to 70% of the Company’s 30 day average stock price prior to conversion.
Maturity date					Jan. 22, 2021
Second Note [Member]
Note issued to related parties			$ 560,000
Conversion of common stock shares			567,108
Unamortized debt discount			$ 22,439
First Note [Member]
Note issued to related parties			500,000
Convertible notes issued			$ 560,000		$ 500,000
Conversion of common stock shares			578,680
Unamortized debt discount			$ 27,838
September 22, 2020 [Member] \| Tranches [Member]
Note issued to related parties					5,000,000
Convertible notes issued					62,500
Received from unrelated party					$ 62,500
Debt instrument descriptions					This note matures on March 31, 2021, and is convertible into common stock at the rate equivalent to 80% of the Company’s 30 day average stock price prior to conversion
September 22, 2020 [Member] \| Tranches One [Member]
Convertible notes issued					$ 44,550
Received from unrelated party					$ 45,000
Debt instrument descriptions					convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion
Maturity date					Jun. 22, 2021
Common stock per share					$ 0.10
September 22, 2020 [Member] \| Tranches Two [Member]
Convertible notes issued					$ 60,000
Received from unrelated party					$ 60,000
Debt instrument descriptions					convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion
Maturity date					Jul. 22, 2021
Common stock per share					$ 0.10
September 22, 2020 [Member] \| Tranches Three [Member]
Convertible notes issued					$ 110,000
Received from unrelated party					$ 110,000
Maturity date					Aug. 22, 2021
September 22, 2020 [Member] \| Tranches four [Member]
Convertible notes issued					$ 130,000
Received from unrelated party					$ 130,000
Maturity date					Sep. 22, 2021
September 22, 2020 [Member] \| Tranches five [Member]
Convertible notes issued					$ 82,700
Received from unrelated party					$ 82,700
Debt instrument descriptions					These notes are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock
Maturity date					Oct. 01, 2021
Common stock per share					$ 0.10

XML 43 R32.htm IDEA: XBRL DOCUMENT

DERIVATIVE LIABILITY (Details) - USD ($)	May 31, 2021	Feb. 28, 2021	Aug. 31, 2020
Derivative liability	$ 0	$ 81,501	$ 307,446
Significant unobservable inputs (Level 3) [Member]
Derivative liability	0
Significant other observable inputs (Level 2) [Member]
Derivative liability	0
Quoted market prices for identical assets/liabilities (Level 1) [Member]
Derivative liability	0
Fair Value [Member]
Derivative liability	$ 0

XML 44 R33.htm IDEA: XBRL DOCUMENT

DERIVATIVE LIABILITY (Details 1)	9 Months Ended
DERIVATIVE LIABILITY (Details 1)	May 31, 2021 USD ($)
DERIVATIVE LIABILITY
Fair value of derivatives at August 31, 2020	$ 307,446
Addition of new derivative liabilities upon issuance of convertible notes as debt discount	16,133
Reduction of derivative liabilities from conversion of convertible notes to shares of common stock	(532,647)
Loss on change in fair value of derivative liabilities	209,068
Fair value of derivative liabilities at May 31, 2021	$ 0

XML 45 R34.htm IDEA: XBRL DOCUMENT

DERIVATIVE LIABILITY (Details Narrative)	9 Months Ended
DERIVATIVE LIABILITY (Details Narrative)	May 31, 2021
DERIVATIVE LIABILITY
Conversion price description	The remaining notes as of May 31, 2021,are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock

XML 46 R35.htm IDEA: XBRL DOCUMENT

COMMON STOCK (Details Narrative) - USD ($)	9 Months Ended
COMMON STOCK (Details Narrative) - USD ($)	May 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Common stock, shares issued	51,780,838	50,500,011	50,500,011
Common stock, shares outstanding	51,780,838	50,500,011	50,500,011
Convertible Promissory Notes [Member]
Common stock, shares issued	1,280,827
Convertible promissory notes	$ 1,122,500
Mr. Patrick Heneise [Member]
Stock based compensation, shares	200,000
Mr. Patrick Burkert [Member]
Stock based compensation, shares	250,000

XML 47 R36.htm IDEA: XBRL DOCUMENT

SHARE-BASED COMPENSATION (Details) - Stock Options [Member]	9 Months Ended
	May 31, 2021 $ / shares shares
Options outstanding balance, Beginning \| shares
Options outstanding, Grants \| shares	550,000
Options outstanding, Exercised \| shares
Options outstanding, Forfeited \| shares	(450,000)
Options outstanding, Balance, Ending \| shares	100,000
Weighted average exercise price balance, Beginning \| $ / shares	$ 0
Weighted average exercise price, Grants \| $ / shares	0.10
Weighted average exercise price, Exercised \| $ / shares	0
Weighted average exercise price, Forfeited \| $ / shares	0
Weighted average exercise price balance, Ending \| $ / shares	$ 0.10

XML 48 R37.htm IDEA: XBRL DOCUMENT

SHARE-BASED COMPENSATION (Details 1)	9 Months Ended
SHARE-BASED COMPENSATION (Details 1)	May 31, 2021 USD ($)
Maximum [Member]
Expected stock price volatility	632.00%
Weighted-average risk-free rate	0.16%
Minimum [Member]
Expected stock price volatility	110.00%
Weighted-average risk-free rate	0.10%
Weighted Average Assumptions Stock Options Granted [Member]
Expected term (years)	1 year 2 months 30 days
Expected dividend	$ 0

XML 49 R38.htm IDEA: XBRL DOCUMENT

SHARE-BASED COMPENSATION (Details 2) - Stock Options Vested [Member]	9 Months Ended
	May 31, 2021 $ / shares shares
Number of options, Outstanding \| shares	100,000
Number of options, Exercisable \| shares	100,000
Number of options, Expected to vest \| shares	0
Weighted-average remaining contractual life, Outstanding	10 months 2 days
Weighted-average remaining contractual life, Exercisable	10 months 2 days
Weighted-average remaining contractual life, Expected to vest	10 months 2 days
Weighted-average exercise price, Exercisable \| $ / shares	$ 0.10
Weighted-average exercise price, Expected to vest \| $ / shares	0.10
Weighted-average exercise price, Outstanding \| $ / shares	$ 0.10

XML 50 R39.htm IDEA: XBRL DOCUMENT

SHARE-BASED COMPENSATION (Details 3) - Restricted Stock [Member] - $ / shares	9 Months Ended	12 Months Ended
	May 31, 2021	Aug. 31, 2020
Shares balance, Beginning	700,000
Shares of restricted stock granted, shares		700,000
Shares, Forfeited	(250,000)
Shares balance, Ending	450,000	700,000
Weighted average exercise price balance, Beginning	$ 1.25	$ 0
Weighted-average exercise price, Shares of restricted stock granted	0	1.25
Weighted average exercise price, Forfeited	0	0
Weighted average exercise price balance, Ending	$ 1.25	$ 1.25

XML 51 R40.htm IDEA: XBRL DOCUMENT

SHARE-BASED COMPENSATION (Details 4) - shares	9 Months Ended	12 Months Ended
SHARE-BASED COMPENSATION (Details 4) - shares	May 31, 2021	Aug. 31, 2020
Number of Restricted Stock Swards
Vested	450,000	62,500
Non-vested		637,500
Restricted stock	450,000	700,000

XML 52 R41.htm IDEA: XBRL DOCUMENT

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	9 Months Ended
SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	May 31, 2021	Aug. 31, 2020
Fair value of stock options granted	$ 660,707
weighted average grant date fair value of stock options granted	$ 1.20
Fair value of stock options cancelled	$ 580,000
Restricted Stock Awards [Member]
Unrecognized compensation cost	$ 0	$ 812,500

XML 53 R42.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS (Details Narrative) - USD ($)		1 Months Ended	9 Months Ended
SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jun. 06, 2021	Jun. 22, 2021	May 31, 2021
Base salary		$ 250,000
Percantage of base salary		200.00%
Conversion price description			The remaining notes as of May 31, 2021,are convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock
Mr Johnson [Member]
Conversion price description		In addition, Mr. Johnson is eligible to receive a performance bonus equal to 1,000,000 fully vested shares of common stock for each net liquid $1,000,000 in equity raised by the Company during his first six (6) months of tenure as CEO, up to a maximum of 5,000,000 shares issued
Unrestricted shares of common stock		1,000,000
Common stock shares vested		1,000,000
Subsequent Event [Member] \| Unrelated Party [Member]
Convertible note issued	$ 44,420
Maturity dates	Sep. 22, 2021
Conversion price description	It is convertible into common stock at the rate equivalent to 80% of the Company’s 30-day average stock price prior to conversion but no less than $0.10 value per share of Common Stock.

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c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end