SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Boatim Inc. – ‘10-Q’ for 11/30/20 – ‘EX-101.INS’

On:  Wednesday, 1/13/21, at 3:40pm ET   ·   For:  11/30/20   ·   Accession #:  1640334-21-76   ·   File #:  333-200629

Previous ‘10-Q’:  ‘10-Q’ on 7/16/20 for 5/31/20   ·   Next:  ‘10-Q’ on 4/19/21 for 2/28/21   ·   Latest:  ‘10-Q/A’ on 5/5/22 for 2/28/22

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/13/21  Boatim Inc.                       10-Q       11/30/20   48:1.7M                                   Pubco Reporting … Inc/FA

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    186K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     18K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     18K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     14K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     14K 
12: R1          Cover                                               HTML     48K 
13: R2          Consolidated Balance Sheets                         HTML     81K 
14: R3          Consolidated Balance Sheets (Parenthetical)         HTML     22K 
15: R4          Consolidated Statements of Operations and           HTML     55K 
                Comprehensive Loss (Unaudited)                                   
16: R5          Consolidated Statements of Changes in               HTML     29K 
                Stockholders' Deficit (Unaudited)                                
17: R6          Consolidated Statements of Cash Flows (Unaudited)   HTML     78K 
18: R7          Organization and Nature of Business                 HTML     19K 
19: R8          Summary of Significant Accounting Policies          HTML     38K 
20: R9          Going Concern                                       HTML     17K 
21: R10         Related Party Transactions                          HTML     21K 
22: R11         Lease                                               HTML     23K 
23: R12         Loan Payable                                        HTML     16K 
24: R13         Convertible Notes                                   HTML     21K 
25: R14         Derivative Liability                                HTML     31K 
26: R15         Common Stock                                        HTML     16K 
27: R16         Subsequent Events                                   HTML     18K 
28: R17         Summary of Significant Accounting Policies          HTML     74K 
                (Policies)                                                       
29: R18         Summary of Significant Accounting Policies (Table)  HTML     17K 
30: R19         Lease (Table)                                       HTML     20K 
31: R20         Convertible Notes (Table)                           HTML     18K 
32: R21         Derivative Liability (Table)                        HTML     32K 
33: R22         Summary of Significant Accounting Policies          HTML     17K 
                (Details)                                                        
34: R23         Summary of Significant Accounting Policies          HTML     23K 
                (Details Narrative)                                              
35: R24         Related Party Transactions (Details Narrative)      HTML     68K 
36: R25         Lease (Details)                                     HTML     32K 
37: R26         Lease (Details Narrative)                           HTML     32K 
38: R27         Loan Payable (Details Narrative)                    HTML     17K 
39: R28         Convertible Notes (Details)                         HTML     27K 
40: R29         Convertible Notes (Details Narrative)               HTML     33K 
41: R30         Derivative Liability (Details)                      HTML     33K 
42: R31         Derivative Liability (Details 1)                    HTML     20K 
43: R32         Derivative Liability (Details 2)                    HTML     21K 
44: R33         Common Stock (Details Narrative)                    HTML     20K 
45: R34         Subsequent Events (Details Narrative)               HTML     25K 
47: XML         IDEA XML File -- Filing Summary                      XML     78K 
46: EXCEL       IDEA Workbook of Financial Reports                  XLSX     50K 
 6: EX-101.INS  XBRL Instance -- btim-20201130                       XML    384K 
 9: EX-101.CAL  XBRL Calculations -- btim-20201130_cal               XML     96K 
11: EX-101.DEF  XBRL Definitions -- btim-20201130_def                XML    181K 
 8: EX-101.LAB  XBRL Labels -- btim-20201130_lab                     XML    463K 
10: EX-101.PRE  XBRL Presentations -- btim-20201130_pre              XML    367K 
 7: EX-101.SCH  XBRL Schema -- btim-20201130                         XSD     88K 
48: ZIP         XBRL Zipped Folder -- 0001640334-21-000076-xbrl      Zip     62K

‘EX-101.INS’   —   XBRL Instance — btim-20201130

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
<?xml version="1.0" standalone="yes" encoding="windows-1252"?>
<!-- XBRL Document Created with XBRLMaster -->
<!-- Version: 2.3.08 -->
<!-- Based on XBRL 2.1 -->
<!-- Date of creation: 01-13-2021 -->
<!-- Software architectural design and coding: Dipendra K. Singh -->
<!-- Copyright (c) 2021 I-NET Business Solutions, Inc. All Rights Reserved. -->
<xbrli:xbrl xmlns:currency="http://xbrl.sec.gov/currency/2019-01-31" xmlns="http://www.w3.org/1999/xhtml" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:us-roles="http://fasb.org/us-roles/2019-01-31" xmlns:country="http://xbrl.sec.gov/country/2017-01-31" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:srt-types="http://fasb.org/srt-types/2019-01-31" xmlns:srt="http://fasb.org/srt/2019-01-31" xmlns:us-gaap="http://fasb.org/us-gaap/2019-01-31" xmlns:btim="http://btim.com/20201130">
<link:schemaRef xlink:href="btim-20201130.xsd" xlink:type="simple"/>
<xbrli:context id="From2020-09-01to2020-11-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-12-01to2021-01-13_us-gaap_SubsequentEventMember_btim_CayoVenturesMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis"> us-gaap:SubsequentEventMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:CayoVenturesMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-12-01 </xbrli:startDate>
<xbrli:endDate> 2021-01-13 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-07-21_btim_RelatedPartyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:RelatedPartyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-07-21 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-07-21_btim_RelatedPartyOneMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:RelatedPartyOneMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-07-21 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-07-01to2020-07-21">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-07-01 </xbrli:startDate>
<xbrli:endDate> 2020-07-21 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2020-08-31_btim_MrPatrickBurkertMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrPatrickBurkertMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-08-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_MrPatrickBurkertMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrPatrickBurkertMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_FairValueInputsLevelOneMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis"> btim:FairValueInputsLevelOneMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_FairValueInputsLevelTwoMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis"> btim:FairValueInputsLevelTwoMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_FairValueInputsLevelThreeMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis"> btim:FairValueInputsLevelThreeMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2020-08-31_srt_MinimumMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="srt:RangeAxis"> srt:MinimumMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-08-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_srt_MinimumMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="srt:RangeAxis"> srt:MinimumMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2020-08-31_srt_MaximumMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="srt:RangeAxis"> srt:MaximumMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-08-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_srt_MaximumMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="srt:RangeAxis"> srt:MaximumMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2020-08-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-08-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-12-01to2018-12-08_btim_CayoVenturesMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:CayoVenturesMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-12-01 </xbrli:startDate>
<xbrli:endDate> 2018-12-08 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-07-01to2020-07-21_btim_CayoVenturesMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:CayoVenturesMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-07-01 </xbrli:startDate>
<xbrli:endDate> 2020-07-21 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_SeptemberTwentyTwoTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:SeptemberTwentyTwoTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_SeptemberTwentyTwoTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:SeptemberTwentyTwoTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_ThirdPartyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:ThirdPartyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-07-27_btim_ThirdPartyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:ThirdPartyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-07-27 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_AugustOneTwentyNineteenMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:AugustOneTwentyNineteenMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_DecemberOneTwentyNineteenMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:DecemberOneTwentyNineteenMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_AprilTwentyTwentyTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:AprilTwentyTwentyTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2019-11-30_btim_DecemberOneTwoThousandtwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:DecemberOneTwoThousandtwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2019-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_DecemberOneTwoThousandtwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:DecemberOneTwoThousandtwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_CayoVenturesMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:CayoVenturesMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-09-01to2019-08-31_btim_CayoVenturesMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:CayoVenturesMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-09-01 </xbrli:startDate>
<xbrli:endDate> 2019-08-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_CayoVenturesMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:CayoVenturesMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_MrVengKunLUNMember_btim_SeptemberTwelveTwoThousandNinteenMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrVengKunLUNMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:SeptemberTwelveTwoThousandNinteenMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_MrWolfgangTippnerMember_btim_JuneOneTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrWolfgangTippnerMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:JuneOneTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_MrWolfgangTippnerMember_btim_JuneOneTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrWolfgangTippnerMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:JuneOneTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-08-31_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrPatrickHeneiseMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:JuneOneTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrPatrickHeneiseMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:JuneOneTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrPatrickHeneiseMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardDateAxis"> btim:JuneOneTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_MrChrisRoyMember_btim_JuneFifteenTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrChrisRoyMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis"> btim:JuneFifteenTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_MrChrisRoyMember_btim_JuneFifteenTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrChrisRoyMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis"> btim:JuneFifteenTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_btim_MrPatrickBurkertMember_btim_JulyOneTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrPatrickBurkertMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis"> btim:JulyOneTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_MrPatrickBurkertMember_btim_JulyOneTwoThousandTwentyMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrPatrickBurkertMember </xbrldi:explicitMember>
<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis"> btim:JulyOneTwoThousandTwentyMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_btim_MrYvesToeldererMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionAxis"> btim:MrYvesToeldererMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AccumulatedOtherComprehensiveIncomeMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AccumulatedOtherComprehensiveIncomeMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2020-09-01to2020-11-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2020-09-01 </xbrli:startDate>
<xbrli:endDate> 2020-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-08-31_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-08-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AccumulatedOtherComprehensiveIncomeMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-08-31_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-08-31_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-11-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-11-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AccumulatedOtherComprehensiveIncomeMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-11-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-11-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2019-11-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2019-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2019-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AccumulatedOtherComprehensiveIncomeMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2019-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2019-11-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2019-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2019-11-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2019-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-08-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-08-31_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-08-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AccumulatedOtherComprehensiveIncomeMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-08-31_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-08-31_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-09-01to2019-11-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-09-01 </xbrli:startDate>
<xbrli:endDate> 2019-11-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-08-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-08-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-11-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-11-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2021-01-13">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001622231 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2021-01-13 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:unit id="USD">
<xbrli:measure> iso4217:USD </xbrli:measure>
</xbrli:unit>
<xbrli:unit id="Shares">
<xbrli:measure> xbrli:shares </xbrli:measure>
</xbrli:unit>
<xbrli:unit id="USDPShares">
<xbrli:divide>
<xbrli:unitNumerator>
<xbrli:measure> iso4217:USD </xbrli:measure>
</xbrli:unitNumerator>
<xbrli:unitDenominator>
<xbrli:measure> xbrli:shares </xbrli:measure>
</xbrli:unitDenominator>
</xbrli:divide>
</xbrli:unit>
<xbrli:unit id="Pure">
<xbrli:measure> xbrli:pure </xbrli:measure>
</xbrli:unit>
<xbrli:unit id="EUR">
<xbrli:measure> iso4217:EUR </xbrli:measure>
</xbrli:unit>
<dei:EntityRegistrantName contextRef="From2020-09-01to2020-11-30"> BOATIM INC. </dei:EntityRegistrantName>
<dei:EntityCentralIndexKey contextRef="From2020-09-01to2020-11-30"> 0001622231 </dei:EntityCentralIndexKey>
<dei:DocumentType contextRef="From2020-09-01to2020-11-30"> 10-Q </dei:DocumentType>
<dei:AmendmentFlag contextRef="From2020-09-01to2020-11-30"> false </dei:AmendmentFlag>
<dei:CurrentFiscalYearEndDate contextRef="From2020-09-01to2020-11-30"> --08-31 </dei:CurrentFiscalYearEndDate>
<dei:EntitySmallBusiness contextRef="From2020-09-01to2020-11-30"> true </dei:EntitySmallBusiness>
<dei:EntityShellCompany contextRef="From2020-09-01to2020-11-30"> false </dei:EntityShellCompany>
<dei:EntityEmergingGrowthCompany contextRef="From2020-09-01to2020-11-30"> true </dei:EntityEmergingGrowthCompany>
<dei:EntityCurrentReportingStatus contextRef="From2020-09-01to2020-11-30"> Yes </dei:EntityCurrentReportingStatus>
<dei:DocumentPeriodEndDate contextRef="From2020-09-01to2020-11-30"> 2020-11-30 </dei:DocumentPeriodEndDate>
<dei:EntityFilerCategory contextRef="From2020-09-01to2020-11-30"> Non-accelerated Filer </dei:EntityFilerCategory>
<dei:DocumentFiscalPeriodFocus contextRef="From2020-09-01to2020-11-30"> Q1 </dei:DocumentFiscalPeriodFocus>
<dei:DocumentFiscalYearFocus contextRef="From2020-09-01to2020-11-30"> 2021 </dei:DocumentFiscalYearFocus>
<dei:EntityExTransitionPeriod contextRef="From2020-09-01to2020-11-30"> false </dei:EntityExTransitionPeriod>
<dei:EntityCommonStockSharesOutstanding contextRef="AsOf2021-01-13" unitRef="Shares" decimals="INF"> 50500011 </dei:EntityCommonStockSharesOutstanding>
<dei:DocumentQuarterlyReport contextRef="From2020-09-01to2020-11-30"> true </dei:DocumentQuarterlyReport>
<dei:DocumentTransitionReport contextRef="From2020-09-01to2020-11-30"> false </dei:DocumentTransitionReport>
<dei:EntityInteractiveDataCurrent contextRef="From2020-09-01to2020-11-30"> Yes </dei:EntityInteractiveDataCurrent>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 44540 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 38427 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<btim:VatReceivable contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 52075 </btim:VatReceivable>
<btim:VatReceivable contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 34265 </btim:VatReceivable>
<us-gaap:AssetsCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 96615 </us-gaap:AssetsCurrent>
<us-gaap:AssetsCurrent contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 72692 </us-gaap:AssetsCurrent>
<us-gaap:DepositsAssetsCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 9470 </us-gaap:DepositsAssetsCurrent>
<us-gaap:DepositsAssetsCurrent contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 4787 </us-gaap:DepositsAssetsCurrent>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 22272 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 11350 </us-gaap:FiniteLivedIntangibleAssetsNet>
<us-gaap:CapitalizedComputerSoftwareNet contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 434003 </us-gaap:CapitalizedComputerSoftwareNet>
<us-gaap:CapitalizedComputerSoftwareNet contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 259156 </us-gaap:CapitalizedComputerSoftwareNet>
<us-gaap:OperatingLeaseRightOfUseAsset contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 127719 </us-gaap:OperatingLeaseRightOfUseAsset>
<us-gaap:OperatingLeaseRightOfUseAsset contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 162304 </us-gaap:OperatingLeaseRightOfUseAsset>
<us-gaap:OtherAssets contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 593464 </us-gaap:OtherAssets>
<us-gaap:OtherAssets contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 437597 </us-gaap:OtherAssets>
<us-gaap:Assets contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 690079 </us-gaap:Assets>
<us-gaap:Assets contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 510289 </us-gaap:Assets>
<us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 188782 </us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent>
<us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 189680 </us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent>
<us-gaap:DueToOfficersOrStockholdersCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 838243 </us-gaap:DueToOfficersOrStockholdersCurrent>
<us-gaap:DueToOfficersOrStockholdersCurrent contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 348031 </us-gaap:DueToOfficersOrStockholdersCurrent>
<btim:RelatedPartyLoanAcquisition contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 0 </btim:RelatedPartyLoanAcquisition>
<btim:RelatedPartyLoanAcquisition contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 0 </btim:RelatedPartyLoanAcquisition>
<us-gaap:LoansPayableCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:LoansPayableCurrent>
<us-gaap:LoansPayableCurrent contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 47962 </us-gaap:LoansPayableCurrent>
<us-gaap:ConvertibleNotesPayableCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 886354 </us-gaap:ConvertibleNotesPayableCurrent>
<us-gaap:ConvertibleNotesPayableCurrent contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 464650 </us-gaap:ConvertibleNotesPayableCurrent>
<us-gaap:DerivativeLiabilities contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 614530 </us-gaap:DerivativeLiabilities>
<us-gaap:DerivativeLiabilities contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 307446 </us-gaap:DerivativeLiabilities>
<us-gaap:CapitalLeaseObligationsNoncurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 125560 </us-gaap:CapitalLeaseObligationsNoncurrent>
<us-gaap:CapitalLeaseObligationsNoncurrent contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 141276 </us-gaap:CapitalLeaseObligationsNoncurrent>
<us-gaap:LiabilitiesCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 2653469 </us-gaap:LiabilitiesCurrent>
<us-gaap:LiabilitiesCurrent contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 1499045 </us-gaap:LiabilitiesCurrent>
<us-gaap:CapitalLeaseObligations contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 18890 </us-gaap:CapitalLeaseObligations>
<us-gaap:CapitalLeaseObligations contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 38391 </us-gaap:CapitalLeaseObligations>
<us-gaap:Liabilities contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 2672359 </us-gaap:Liabilities>
<us-gaap:Liabilities contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 1537436 </us-gaap:Liabilities>
<us-gaap:CommonStockValue contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 50500 </us-gaap:CommonStockValue>
<us-gaap:CommonStockValue contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 50500 </us-gaap:CommonStockValue>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> -259635 </us-gaap:AdditionalPaidInCapital>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> -259635 </us-gaap:AdditionalPaidInCapital>
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> -1736625 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> -797306 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> -36520 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> -20706 </us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
<us-gaap:StockholdersEquity contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> -1982280 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> -1027147 </us-gaap:StockholdersEquity>
<us-gaap:LiabilitiesAndStockholdersEquity contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 690079 </us-gaap:LiabilitiesAndStockholdersEquity>
<us-gaap:LiabilitiesAndStockholdersEquity contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 510289 </us-gaap:LiabilitiesAndStockholdersEquity>
<us-gaap:CommonStockSharesAuthorized contextRef="AsOf2020-11-30" unitRef="Shares" decimals="0"> 500000000 </us-gaap:CommonStockSharesAuthorized>
<us-gaap:CommonStockSharesAuthorized contextRef="AsOf2020-08-31" unitRef="Shares" decimals="0"> 500000000 </us-gaap:CommonStockSharesAuthorized>
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2020-11-30" unitRef="USDPShares" decimals="3"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2020-08-31" unitRef="USDPShares" decimals="3"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2020-11-30" unitRef="Shares" decimals="0"> 50500011 </us-gaap:CommonStockSharesIssued>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2020-08-31" unitRef="Shares" decimals="0"> 50500011 </us-gaap:CommonStockSharesIssued>
<us-gaap:CommonStockSharesOutstanding contextRef="AsOf2020-11-30" unitRef="Shares" decimals="0"> 50500011 </us-gaap:CommonStockSharesOutstanding>
<us-gaap:CommonStockSharesOutstanding contextRef="AsOf2020-08-31" unitRef="Shares" decimals="0"> 50500011 </us-gaap:CommonStockSharesOutstanding>
<us-gaap:GeneralAndAdministrativeExpense contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 278528 </us-gaap:GeneralAndAdministrativeExpense>
<us-gaap:GeneralAndAdministrativeExpense contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 77681 </us-gaap:GeneralAndAdministrativeExpense>
<us-gaap:OperatingExpenses contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 278528 </us-gaap:OperatingExpenses>
<us-gaap:OperatingExpenses contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 77681 </us-gaap:OperatingExpenses>
<us-gaap:OperatingIncomeLoss contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -278528 </us-gaap:OperatingIncomeLoss>
<us-gaap:OperatingIncomeLoss contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -77681 </us-gaap:OperatingIncomeLoss>
<us-gaap:GainLossOnDerivativeInstrumentsNetPretax contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 280905 </us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
<us-gaap:GainLossOnDerivativeInstrumentsNetPretax contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
<us-gaap:InterestExpense contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 385383 </us-gaap:InterestExpense>
<us-gaap:InterestExpense contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:InterestExpense>
<us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 5497 </us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
<us-gaap:ForeignCurrencyTransactionGainLossBeforeTax contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:ForeignCurrencyTransactionGainLossBeforeTax>
<us-gaap:OtherNonoperatingIncomeExpense contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -660791 </us-gaap:OtherNonoperatingIncomeExpense>
<us-gaap:OtherNonoperatingIncomeExpense contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:OtherNonoperatingIncomeExpense>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -939319 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -77681 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
<us-gaap:IncomeTaxExpenseBenefit contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:IncomeTaxExpenseBenefit contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:NetIncomeLoss contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -939319 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -77681 </us-gaap:NetIncomeLoss>
<us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -15814 </us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent>
<us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -454 </us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent>
<us-gaap:ComprehensiveIncomeNetOfTax contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -955133 </us-gaap:ComprehensiveIncomeNetOfTax>
<us-gaap:ComprehensiveIncomeNetOfTax contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -78135 </us-gaap:ComprehensiveIncomeNetOfTax>
<us-gaap:EarningsPerShareBasicAndDiluted contextRef="From2020-09-01to2020-11-30" unitRef="USDPShares" decimals="2"> -0.02 </us-gaap:EarningsPerShareBasicAndDiluted>
<us-gaap:EarningsPerShareBasicAndDiluted contextRef="From2019-09-01to2019-11-30" unitRef="USDPShares" decimals="2"> -0.00 </us-gaap:EarningsPerShareBasicAndDiluted>
<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="From2020-09-01to2020-11-30" unitRef="Shares" decimals="0"> 50500011 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="From2019-09-01to2019-11-30" unitRef="Shares" decimals="0"> 50500011 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
<us-gaap:SharesIssued contextRef="AsOf2019-08-31_us-gaap_CommonStockMember" unitRef="Shares" decimals="0"> 50500011 </us-gaap:SharesIssued>
<us-gaap:StockholdersEquity contextRef="AsOf2019-08-31_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 50500 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-08-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> -403425 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-08-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> -407 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-08-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -387392 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-08-31" unitRef="USD" decimals="0"> -740724 </us-gaap:StockholdersEquity>
<btim:ForgivenessOfRelatedPartyDebt contextRef="From2019-09-01to2019-11-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 0 </btim:ForgivenessOfRelatedPartyDebt>
<btim:ForgivenessOfRelatedPartyDebt contextRef="From2019-09-01to2019-11-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 81290 </btim:ForgivenessOfRelatedPartyDebt>
<btim:ForgivenessOfRelatedPartyDebt contextRef="From2019-09-01to2019-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> 0 </btim:ForgivenessOfRelatedPartyDebt>
<btim:ForgivenessOfRelatedPartyDebt contextRef="From2019-09-01to2019-11-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> 0 </btim:ForgivenessOfRelatedPartyDebt>
<btim:ForgivenessOfRelatedPartyDebt contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 81290 </btim:ForgivenessOfRelatedPartyDebt>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2019-09-01to2019-11-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 0 </btim:ForeignCurrencyTranslationAdjustment>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2019-09-01to2019-11-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 0 </btim:ForeignCurrencyTranslationAdjustment>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2019-09-01to2019-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> -454 </btim:ForeignCurrencyTranslationAdjustment>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2019-09-01to2019-11-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> 0 </btim:ForeignCurrencyTranslationAdjustment>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -454 </btim:ForeignCurrencyTranslationAdjustment>
<us-gaap:NetIncomeLoss contextRef="From2019-09-01to2019-11-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 0 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2019-09-01to2019-11-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 0 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2019-09-01to2019-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> 0 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2019-09-01to2019-11-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -77681 </us-gaap:NetIncomeLoss>
<us-gaap:SharesIssued contextRef="AsOf2019-11-30_us-gaap_CommonStockMember" unitRef="Shares" decimals="0"> 50500011 </us-gaap:SharesIssued>
<us-gaap:StockholdersEquity contextRef="AsOf2019-11-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 50500 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-11-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> -322135 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> -861 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-11-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -465073 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-11-30" unitRef="USD" decimals="0"> -737569 </us-gaap:StockholdersEquity>
<us-gaap:SharesIssued contextRef="AsOf2020-08-31_us-gaap_CommonStockMember" unitRef="Shares" decimals="0"> 50500011 </us-gaap:SharesIssued>
<us-gaap:StockholdersEquity contextRef="AsOf2020-08-31_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 50500 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2020-08-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> -259635 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2020-08-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> -20706 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2020-08-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -797306 </us-gaap:StockholdersEquity>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2020-09-01to2020-11-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 0 </btim:ForeignCurrencyTranslationAdjustment>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2020-09-01to2020-11-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 0 </btim:ForeignCurrencyTranslationAdjustment>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2020-09-01to2020-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> -15814 </btim:ForeignCurrencyTranslationAdjustment>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2020-09-01to2020-11-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> 0 </btim:ForeignCurrencyTranslationAdjustment>
<btim:ForeignCurrencyTranslationAdjustment contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -51814 </btim:ForeignCurrencyTranslationAdjustment>
<us-gaap:NetIncomeLoss contextRef="From2020-09-01to2020-11-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 0 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2020-09-01to2020-11-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 0 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2020-09-01to2020-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> 0 </us-gaap:NetIncomeLoss>
<us-gaap:NetIncomeLoss contextRef="From2020-09-01to2020-11-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -939319 </us-gaap:NetIncomeLoss>
<us-gaap:SharesIssued contextRef="AsOf2020-11-30_us-gaap_CommonStockMember" unitRef="Shares" decimals="0"> 50500011 </us-gaap:SharesIssued>
<us-gaap:StockholdersEquity contextRef="AsOf2020-11-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 50500 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2020-11-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> -259635 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2020-11-30_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" decimals="0"> -36520 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2020-11-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -1736625 </us-gaap:StockholdersEquity>
<us-gaap:AmortizationOfDebtDiscountPremium contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 385383 </us-gaap:AmortizationOfDebtDiscountPremium>
<us-gaap:AmortizationOfDebtDiscountPremium contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:AmortizationOfDebtDiscountPremium>
<btim:AmortizationOfRightOfUseAssets contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 34585 </btim:AmortizationOfRightOfUseAssets>
<btim:AmortizationOfRightOfUseAssets contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </btim:AmortizationOfRightOfUseAssets>
<us-gaap:ForeignCurrencyTransactionLossBeforeTax contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -5497 </us-gaap:ForeignCurrencyTransactionLossBeforeTax>
<us-gaap:ForeignCurrencyTransactionLossBeforeTax contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:ForeignCurrencyTransactionLossBeforeTax>
<btim:IncreaseDecreaseVATReceivable contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -17810 </btim:IncreaseDecreaseVATReceivable>
<btim:IncreaseDecreaseVATReceivable contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </btim:IncreaseDecreaseVATReceivable>
<us-gaap:IncreaseDecreaseInDeposits contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -4683 </us-gaap:IncreaseDecreaseInDeposits>
<us-gaap:IncreaseDecreaseInDeposits contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:IncreaseDecreaseInDeposits>
<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 3968 </us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
<us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -20060 </us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
<btim:OperatingLeaseObligation contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -34586 </btim:OperatingLeaseObligation>
<btim:OperatingLeaseObligation contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </btim:OperatingLeaseObligation>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -297054 </us-gaap:NetCashProvidedByUsedInOperatingActivities>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -97741 </us-gaap:NetCashProvidedByUsedInOperatingActivities>
<us-gaap:PaymentsToAcquireAssetsInvestingActivities contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 10922 </us-gaap:PaymentsToAcquireAssetsInvestingActivities>
<us-gaap:PaymentsToAcquireAssetsInvestingActivities contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:PaymentsToAcquireAssetsInvestingActivities>
<us-gaap:PaymentsToDevelopSoftware contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 174847 </us-gaap:PaymentsToDevelopSoftware>
<us-gaap:PaymentsToDevelopSoftware contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:PaymentsToDevelopSoftware>
<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -185769 </us-gaap:NetCashProvidedByUsedInInvestingActivities>
<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:NetCashProvidedByUsedInInvestingActivities>
<us-gaap:ProceedsFromRelatedPartyDebt contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 490212 </us-gaap:ProceedsFromRelatedPartyDebt>
<us-gaap:ProceedsFromRelatedPartyDebt contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 88397 </us-gaap:ProceedsFromRelatedPartyDebt>
<us-gaap:ProceedsFromConvertibleDebt contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 62500 </us-gaap:ProceedsFromConvertibleDebt>
<us-gaap:ProceedsFromConvertibleDebt contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:ProceedsFromConvertibleDebt>
<us-gaap:RepaymentsOfLongtermLoansFromVendors contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 47962 </us-gaap:RepaymentsOfLongtermLoansFromVendors>
<us-gaap:RepaymentsOfLongtermLoansFromVendors contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:RepaymentsOfLongtermLoansFromVendors>
<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 504750 </us-gaap:NetCashProvidedByUsedInFinancingActivities>
<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 88397 </us-gaap:NetCashProvidedByUsedInFinancingActivities>
<us-gaap:TemporaryEquityForeignCurrencyTranslationAdjustments contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> -15814 </us-gaap:TemporaryEquityForeignCurrencyTranslationAdjustments>
<us-gaap:TemporaryEquityForeignCurrencyTranslationAdjustments contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -454 </us-gaap:TemporaryEquityForeignCurrencyTranslationAdjustments>
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 6113 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> -9798 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2019-08-31" unitRef="USD" decimals="0"> 15691 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2019-11-30" unitRef="USD" decimals="0"> 5893 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<us-gaap:IncomeTaxesPaidNet contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:IncomeTaxesPaidNet>
<us-gaap:IncomeTaxesPaidNet contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:IncomeTaxesPaidNet>
<us-gaap:InterestPaidNet contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:InterestPaidNet>
<us-gaap:InterestPaidNet contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:InterestPaidNet>
<btim:ForgivenessOfRelatedPartyDebt contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 0 </btim:ForgivenessOfRelatedPartyDebt>
<btim:DebtDiscountFromDerivativeLiability contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 26179 </btim:DebtDiscountFromDerivativeLiability>
<btim:DebtDiscountFromDerivativeLiability contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </btim:DebtDiscountFromDerivativeLiability>
<us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">    </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. Boatim Europe is currently structured and treated as a wholly owned subsidiary of the Company. 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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 our digital marketing capabilities to offer a rolling subscription for service model of access to the platform for the extensive market of global boat dealers.</p></div>
</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Principles of Consolidation</strong></em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company with its fiscal year end of August 31, and its wholly owned subsidiary. All intercompany accounts, balances and transactions have been eliminated in the consolidation as at November 30, 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Basis of Presentation</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 the 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 three months ended November 30, 2020 are not necessarily indicative of the results that may be expected for the year ending August 31, 2021.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Cash and Cash Equivalents</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Fixed Assets</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Revenue Recognition</strong></em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Fair Value of Financial Instruments</strong></em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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).</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accrued liabilities, convertible notes and notes payable. Fair values were assumed to approximate carrying values for these financial instruments due to their short term maturities.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Foreign Currency </em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Translation of amounts from the local currency of Boatim Europe into US$ has been made at the following exchange rates:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>November 30, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>August 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Current EUR: US$ exchange rate</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1946</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1991</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Average EUR: US$ exchange rate</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1903</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1136</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Capitalized Software Development Costs</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 three months ended November 30, 2020 and for the fiscal year ended to August 31, 2020, a total of $174,847 and $259,156 in software development costs has been incurred, respectively. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Impairment of Long-Lived Assets</strong></em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 during the the three months ended November 30, 2020 and 2019, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Leases</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Derivative Instrument Liability</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. At November 30, 2020 and August 31, 2020, the Company had a derivative liability of $614,530 and $307,446, respectively,</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Use of Estimates</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Basic and Diluted Loss Per Share</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Stock Based Compensation</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 classifications in the consolidated statements of operations, as if such amounts were paid in cash.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Recent Accounting Pronouncements</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p></div>
</us-gaap:SignificantAccountingPoliciesTextBlock>
<us-gaap:SubstantialDoubtAboutGoingConcernTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 no revenues for the three months ended November 30, 2020 and incurred recurring losses. In addition, the Company had a negative working capital as of November 30, 2020 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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Management anticipates that the Company will be dependent, for the near future, on borrowings from related party to fund operating expenses. In light of management’s efforts, 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.</p></div>
</us-gaap:SubstantialDoubtAboutGoingConcernTextBlock>
<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On September 12, 2019, Veng Kun Lun, an 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. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the three months ended November 30, 2020, Cayo Ventures GmbH (“Cayo”), a related party, advanced a total of $490,212 to the Company. Cayo is owned by the former majority shareholder and former officer, Mr. Yves Toelderer. As of November 30, 2020, the Company owed a total of $838,243 to Cayo, which includes $2,833 owed to Yves Toelderer. These loans are unsecured, non-interest bearing and due on demand. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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).</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On June 1, 2020, the Company entered into services agreement with Mr. Wolfgang Tippner, 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 three months ended November 30, 2020, a total of $0 has been paid to Mr. Tippner. As of November 30, 2020, $72,000 in accrued compensation remains outstanding.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On June 1, 2020, the Company entered into a service agreement with Mr. Patrick Heneise, 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(See Note 9). 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 three months ended November 30, 2020, a total of $7,949 has been paid to Mr. Heneise. As of November 30, 2020 and August 31, 2020, $5,889 and $8,864 in accrued compensation remains outstanding, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On June 15, 2020, the Company entered into a service agreement with Mr. Chris Roy, 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 three months ended November 30, 2020, a total of $33,145 has been paid to Mr. Roy. As of November 30, 2020, $23,140 in accrued compensation remains outstanding. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On July 1, 2020, the Company entered into a service agreement with Mr. Patrick Burkert, 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 three months ended November 30, 2020, a total of $38,794 has been paid to Mr. Burkert in cash compensation. As of November 30, 2020, $0 in accrued cash compensation remains outstanding. See Note 9. </p></div>
</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
<us-gaap:LeasesOfLesseeDisclosureTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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%.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Operating Lease Obligations</em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 begins August 01, 2019, is month to month with a six month permanency clause, of which management intends to renew. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 begins December 01, 2019, is month to month with a six month permanency clause, of which management intends to renew. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 begins April 20, 2020 is month to month with a six month permanency clause, of which management intends to renew. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has recorded operating lease expense in the amount of $29,307 during the three months ended November 30, 2020 and $0 for the three months ended November 30, 2019. As of November 30, 2020 and August 31, 2020, the discount rate for these leases is 2.19% and the weighted average remaining term is 12 months.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Future minimum operating lease payments at November 30, 2020 consist of:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">2021</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">126,457</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">2022</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">18,890</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">2023</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">0</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Total minimum lease payments</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">145,347</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Less: present value discount</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(897</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;"> <p style="margin:0px">Present value of minimum lease payments</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">144,450</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Current portion of operating lease obligation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">125,560</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Operating Lease obligation, net of current portion</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">18,890</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr></table> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">  </p></div>
</us-gaap:LeasesOfLesseeDisclosureTextBlock>
<us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On July 27, 2020, the Company received a short term loan from an unrelated third party in the amount of €40,000. The loan is unsecured, has no maturity date and is non interest bearing. As of November 30, 2020, the USD equivalent of $0 remains outstanding. The loan was repaid on September 30, 2020.</p></div>
</us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock>
<us-gaap:DebtDisclosureTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 08, 2018 note and related party loans owed to Cayo for the same amounts. (See Note 4). The notes do not bear interest and mature on January 22, 2021. 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. During the three months ended November 30, 2020, the Company recorded amortization of debt discount in the amount of $375,876 on these notes. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 the date of this document the Company has received a total of $62,500 from an unrelated party under this facility. 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. During the three months ended November 30, 2020, the Company recorded a debt discount of $26,179 and amortization of debt discount in the amount of $9,507 on this note. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Due to these provisions, the embedded conversion option qualified for derivative accounting under ASC 815-15, <em>Derivatives and Hedging</em>. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A summary of value changes to the notes for the three months ended November 30, 2020 is as follows:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Carrying value of Convertible Notes as of August 31, 2020</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">464,650</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">New principal</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">62,500</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Total principal</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">527,150</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Less: discount related to fair value of the embedded conversion feature</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(26,179</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Add: amortization of discount</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,383</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Carrying value of Convertible Notes as of November 30, 2020</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">886,354</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table></div>
</us-gaap:DebtDisclosureTextBlock>
<us-gaap:DerivativesAndFairValueTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has determined that the variable conversion prices under its convertible notes caused the embedded conversion feature to be accounted for as a derivative instrument. The derivative instruments were valued at loan origination date and at November 30, 2020 and August 31, 2020 using the Black Scholes option pricing model, under the following assumptions:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>August 31,</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>November 30,</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Shares of common stock issuable upon exercise of debt</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,240,601</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,477,395</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Estimated market value of common stock on measurement date</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.70</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.16</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercise price</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.80-0.91</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">0.71-0.81</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Risk free interest rate (1)</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.13</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.08</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected dividend yield (2)</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.00</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.00</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected volatility (3)</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">171</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">161</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected exercise term in years (4)</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.40</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">0.15-0.33 </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">__________</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:3%;"> <p style="MARGIN: 0px; text-align:justify;"> </p></td> <td style="width:3%;vertical-align:top;"> <p style="MARGIN: 0px; text-align:justify;">(1)</p></td> <td style="vertical-align:top;"> <p style="MARGIN: 0px; text-align:justify;">The risk –free interest rate was determined by management using the one month Treasury bill yield as of the valuation dates.</p></td></tr> <tr style="height:15px"> <td> <p style="MARGIN: 0px; text-align:justify;"> </p></td> <td style="vertical-align:top;"> <p style="MARGIN: 0px; text-align:justify;">(2)</p></td> <td style="vertical-align:top;"> <p style="MARGIN: 0px; text-align:justify;">The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments.</p></td></tr> <tr style="height:15px"> <td> <p style="MARGIN: 0px; text-align:justify;"> </p></td> <td style="vertical-align:top;"> <p style="MARGIN: 0px; text-align:justify;">(3)</p></td> <td style="vertical-align:top;"> <p style="MARGIN: 0px; text-align:justify;">The volatility was determined by referring to the average historical volatility of a peer group of public companies because we do not have sufficient trade history to determine our historical volatility.</p></td></tr> <tr style="height:15px"> <td> <p style="MARGIN: 0px; text-align:justify;"> </p></td> <td style="vertical-align:top;"> <p style="MARGIN: 0px; text-align:justify;">(4)</p></td> <td style="vertical-align:top;"> <p style="MARGIN: 0px; text-align:justify;">The exercise term is the remaining contractual term of the convertible notes at the valuation dates.</p></td></tr></table> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The change in fair values of the derivative liabilities related to the Convertible Notes for the three months ended November 30, 2020 is summarized as:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Quoted market prices</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Fair value at</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>for identical</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Significant other</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Significant</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>November 30, </strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>assets/liabilities</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>observable inputs</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>unobservable inputs</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>(Level 1)</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>(Level 2)</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>(Level 3)</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative Liability</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">614,530</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">614,530</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Derivative </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Liability</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liability as of August 31, 2020</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">307,446</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Fair value at the commitment date for convertible instruments</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">26,179</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Change in fair value of derivative liability</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">280,905</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liability as of November 30, 2020</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">614,530</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table></div>
</us-gaap:DerivativesAndFairValueTextBlock>
<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of November 30, 2020 and August 31, 2020, a total of 50,500,011 shares of common stock were issued and outstanding. The Company has not issued the stock-based compensation of 50,000 shares of common stock to Patrick Burkert. </p></div>
</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
<us-gaap:SubsequentEventsTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">From December 1, 2020 through January 13, 2021 the Company borrowed from Cayo the total amount of $179,775. The advances are unsecured, due on demand and non-interest bearing. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On December 15, 2020, Mr. Benjamin L. Salter was appointed as a member of the Board of Directors effective immediately and Chief Financial Officer of the Company, commencing on January 1, 2021. The appointment was approved by the shareholders of the corporation representing approximately 64% of the issued and outstanding voting stock of the Company. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On December 15, 2020, the Board accepted the resignations of Mr. Veng Kun Lun as Director and Chief Operating Officer as well as the resignation of Mr. Teck Siong Lim as Chief Financial Officer. The resignations of each of Mr. Lun and Mr. Lim were not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 12, 2020, the Company received notices from two parties of their intention to exercise the right to convert the full amounts of the convertible notes issued July 21, 2020 with a maturity date of January 22, 2021, in the amounts of $500,000 and $560,000, into common stock.</p></div>
</us-gaap:SubsequentEventsTextBlock>
<us-gaap:ConsolidationPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company with its fiscal year end of August 31, and its wholly owned subsidiary. All intercompany accounts, balances and transactions have been eliminated in the consolidation as at November 30, 2020.</p></div>
</us-gaap:ConsolidationPolicyTextBlock>
<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 the 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 three months ended November 30, 2020 are not necessarily indicative of the results that may be expected for the year ending August 31, 2021.</p></div>
</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.</p></div>
</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
<us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. </p></div>
</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p></div>
</us-gaap:RevenueRecognitionPolicyTextBlock>
<us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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).</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accrued liabilities, convertible notes and notes payable. Fair values were assumed to approximate carrying values for these financial instruments due to their short term maturities.</p></div>
</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock>
<us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Translation of amounts from the local currency of Boatim Europe into US$ has been made at the following exchange rates:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>November 30, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>August 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Current EUR: US$ exchange rate</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1946</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1991</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Average EUR: US$ exchange rate</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1903</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1136</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table></div>
</us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock>
<btim:CapitalizedSoftwareDevelopmentCosts contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 three months ended November 30, 2020 and for the fiscal year ended to August 31, 2020, a total of $174,847 and $259,156 in software development costs has been incurred, respectively. </p></div>
</btim:CapitalizedSoftwareDevelopmentCosts>
<us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 during the the three months ended November 30, 2020 and 2019, respectively.</p></div>
</us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock>
<us-gaap:ShortTermLeasesPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p></div>
</us-gaap:ShortTermLeasesPolicyTextBlock>
<us-gaap:DerivativesPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. At November 30, 2020 and August 31, 2020, the Company had a derivative liability of $614,530 and $307,446, respectively,</p></div>
</us-gaap:DerivativesPolicyTextBlock>
<us-gaap:UseOfEstimates contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p></div>
</us-gaap:UseOfEstimates>
<us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.</p></div>
</us-gaap:EarningsPerSharePolicyTextBlock>
<us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 classifications in the consolidated statements of operations, as if such amounts were paid in cash.</p></div>
</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2020-09-01to2020-11-30">
<div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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.</p></div>
</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
<btim:ForeignCurrencyTransactionsAndTranslationsTableTextBlock contextRef="From2020-09-01to2020-11-30">
<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> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>November 30, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>August 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Current EUR: US$ exchange rate</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1946</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1991</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Average EUR: US$ exchange rate</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1903</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.1136</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table></div>
</btim:ForeignCurrencyTransactionsAndTranslationsTableTextBlock>
<us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock contextRef="From2020-09-01to2020-11-30">
<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;"> <p style="margin:0px">2021</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">126,457</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">2022</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">18,890</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">2023</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">0</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Total minimum lease payments</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">145,347</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Less: present value discount</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(897</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;"> <p style="margin:0px">Present value of minimum lease payments</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">144,450</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Current portion of operating lease obligation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">125,560</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Operating Lease obligation, net of current portion</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">18,890</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px"> </p></td></tr></table> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">  </p></div>
</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
<us-gaap:ConvertibleDebtTableTextBlock contextRef="From2020-09-01to2020-11-30">
<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;"> <p style="margin:0px">Carrying value of Convertible Notes as of August 31, 2020</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">464,650</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">New principal</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">62,500</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Total principal</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">527,150</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Less: discount related to fair value of the embedded conversion feature</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(26,179</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Add: amortization of discount</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,383</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Carrying value of Convertible Notes as of November 30, 2020</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">886,354</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table></div>
</us-gaap:ConvertibleDebtTableTextBlock>
<btim:SummaryOfDerivativeInstrumentstabletextblock contextRef="From2020-09-01to2020-11-30">
<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> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>August 31,</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>November 30,</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020 </strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Shares of common stock issuable upon exercise of debt</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,240,601</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,477,395</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Estimated market value of common stock on measurement date</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.70</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.16</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercise price</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.80-0.91</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">0.71-0.81</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Risk free interest rate (1)</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.13</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.08</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected dividend yield (2)</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.00</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.00</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected volatility (3)</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">171</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">161</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">%</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected exercise term in years (4)</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.40</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">0.15-0.33 </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table></div>
</btim:SummaryOfDerivativeInstrumentstabletextblock>
<btim:SummaryOfChangeInFairValueOfDerivativeLiabilitiestabletextblock contextRef="From2020-09-01to2020-11-30">
<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> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Quoted market prices</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Fair value at</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>for identical</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Significant other</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Significant</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>November 30, </strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>assets/liabilities</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>observable inputs</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>unobservable inputs</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>(Level 1)</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>(Level 2)</strong></p></td> <td> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>(Level 3)</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative Liability</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">614,530</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">614,530</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table></div>
</btim:SummaryOfChangeInFairValueOfDerivativeLiabilitiestabletextblock>
<us-gaap:ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock contextRef="From2020-09-01to2020-11-30">
<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> <p style="margin:0px"> </p></td> <td> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Derivative </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Liability</strong></p></td> <td> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liability as of August 31, 2020</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">307,446</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Fair value at the commitment date for convertible instruments</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">26,179</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Change in fair value of derivative liability</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">280,905</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liability as of November 30, 2020</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">614,530</p></td> <td style="width:1%;"> <p style="margin:0px"> </p></td></tr></table></div>
</us-gaap:ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock>
<btim:CurrentEurUsExchangeRate contextRef="AsOf2020-11-30" unitRef="Pure" decimals="INF"> 1.1946 </btim:CurrentEurUsExchangeRate>
<btim:CurrentEurUsExchangeRate contextRef="AsOf2020-08-31" unitRef="Pure" decimals="INF"> 1.1991 </btim:CurrentEurUsExchangeRate>
<us-gaap:ForeignCurrencyExchangeRateTranslation1 contextRef="AsOf2020-11-30" unitRef="Pure" decimals="INF"> 1.1903 </us-gaap:ForeignCurrencyExchangeRateTranslation1>
<us-gaap:ForeignCurrencyExchangeRateTranslation1 contextRef="AsOf2020-08-31" unitRef="Pure" decimals="INF"> 1.1136 </us-gaap:ForeignCurrencyExchangeRateTranslation1>
<us-gaap:CapitalizedComputerSoftwareGross contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 174847 </us-gaap:CapitalizedComputerSoftwareGross>
<us-gaap:CapitalizedComputerSoftwareGross contextRef="AsOf2020-08-31" unitRef="USD" decimals="0"> 259156 </us-gaap:CapitalizedComputerSoftwareGross>
<us-gaap:PropertyPlantAndEquipmentUsefulLife contextRef="From2020-09-01to2020-11-30"> P3Y </us-gaap:PropertyPlantAndEquipmentUsefulLife>
<us-gaap:ImpairmentOfIntangibleAssetsFinitelived contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
<us-gaap:ImpairmentOfIntangibleAssetsFinitelived contextRef="From2019-09-01to2019-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:ImpairmentOfIntangibleAssetsFinitelived>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2020-11-30_btim_MrYvesToeldererMember" unitRef="USD" decimals="0"> 2833 </us-gaap:AdditionalPaidInCapital>
<us-gaap:SharesIssued contextRef="AsOf2020-11-30_btim_MrPatrickBurkertMember_btim_JulyOneTwoThousandTwentyMember" unitRef="Shares" decimals="0"> 500000 </us-gaap:SharesIssued>
<us-gaap:SalariesWagesAndOfficersCompensation contextRef="From2020-09-01to2020-11-30_btim_MrPatrickBurkertMember_btim_JulyOneTwoThousandTwentyMember" unitRef="EUR" decimals="0"> 144000 </us-gaap:SalariesWagesAndOfficersCompensation>
<btim:PerformanceBonus contextRef="From2020-09-01to2020-11-30_btim_MrPatrickBurkertMember_btim_JulyOneTwoThousandTwentyMember" unitRef="Pure" decimals="INF"> 0.5 </btim:PerformanceBonus>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2020-11-30_btim_MrPatrickBurkertMember_btim_JulyOneTwoThousandTwentyMember" unitRef="USD" decimals="0"> 38794 </us-gaap:AdditionalPaidInCapital>
<btim:AgreementDescriptions contextRef="From2020-09-01to2020-11-30_btim_MrPatrickBurkertMember_btim_JulyOneTwoThousandTwentyMember"> 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. </btim:AgreementDescriptions>
<us-gaap:AccruedLiabilitiesCurrent contextRef="AsOf2020-11-30_btim_MrPatrickBurkertMember_btim_JulyOneTwoThousandTwentyMember" unitRef="USD" decimals="0"> 0 </us-gaap:AccruedLiabilitiesCurrent>
<us-gaap:SalariesWagesAndOfficersCompensation contextRef="From2020-09-01to2020-11-30_btim_MrChrisRoyMember_btim_JuneFifteenTwoThousandTwentyMember" unitRef="EUR" decimals="0"> 125000 </us-gaap:SalariesWagesAndOfficersCompensation>
<btim:PerformanceBonus contextRef="From2020-09-01to2020-11-30_btim_MrChrisRoyMember_btim_JuneFifteenTwoThousandTwentyMember" unitRef="Pure" decimals="INF"> 0.5 </btim:PerformanceBonus>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2020-11-30_btim_MrChrisRoyMember_btim_JuneFifteenTwoThousandTwentyMember" unitRef="USD" decimals="0"> 33145 </us-gaap:AdditionalPaidInCapital>
<us-gaap:AccruedLiabilitiesCurrent contextRef="AsOf2020-11-30_btim_MrChrisRoyMember_btim_JuneFifteenTwoThousandTwentyMember" unitRef="USD" decimals="0"> 23140 </us-gaap:AccruedLiabilitiesCurrent>
<us-gaap:StockIssuedDuringPeriodSharesNewIssues contextRef="From2020-09-01to2020-11-30_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember" unitRef="Shares" decimals="0"> 200000 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>
<us-gaap:OfficersCompensation contextRef="From2020-09-01to2020-11-30_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember" unitRef="EUR" decimals="0"> 35000 </us-gaap:OfficersCompensation>
<btim:TechnologyConsultingServicesMonthly contextRef="From2020-09-01to2020-11-30_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember" unitRef="EUR" decimals="0"> 2500 </btim:TechnologyConsultingServicesMonthly>
<us-gaap:ManagementFeePayable contextRef="AsOf2020-11-30_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember" unitRef="EUR" decimals="0"> 5000 </us-gaap:ManagementFeePayable>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2020-11-30_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember" unitRef="USD" decimals="0"> 7949 </us-gaap:AdditionalPaidInCapital>
<us-gaap:AccruedLiabilitiesCurrent contextRef="AsOf2020-11-30_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember" unitRef="USD" decimals="0"> 5889 </us-gaap:AccruedLiabilitiesCurrent>
<us-gaap:AccruedLiabilitiesCurrent contextRef="AsOf2020-08-31_btim_MrPatrickHeneiseMember_btim_JuneOneTwoThousandTwentyMember" unitRef="USD" decimals="0"> 8864 </us-gaap:AccruedLiabilitiesCurrent>
<us-gaap:StockIssuedDuringPeriodSharesNewIssues contextRef="From2020-09-01to2020-11-30_btim_MrWolfgangTippnerMember_btim_JuneOneTwoThousandTwentyMember" unitRef="Shares" decimals="0"> 24000 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>
<us-gaap:OfficersCompensation contextRef="From2020-09-01to2020-11-30_btim_MrWolfgangTippnerMember_btim_JuneOneTwoThousandTwentyMember" unitRef="USD" decimals="0"> 8000 </us-gaap:OfficersCompensation>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2020-11-30_btim_MrWolfgangTippnerMember_btim_JuneOneTwoThousandTwentyMember" unitRef="USD" decimals="0"> 0 </us-gaap:AdditionalPaidInCapital>
<us-gaap:AccruedLiabilitiesCurrent contextRef="AsOf2020-11-30_btim_MrWolfgangTippnerMember_btim_JuneOneTwoThousandTwentyMember" unitRef="USD" decimals="0"> 72000 </us-gaap:AccruedLiabilitiesCurrent>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2020-11-30_btim_MrVengKunLUNMember_btim_SeptemberTwelveTwoThousandNinteenMember" unitRef="USD" decimals="0"> 81290 </us-gaap:AdditionalPaidInCapital>
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2020-11-30_btim_CayoVenturesMember" unitRef="USD" decimals="0"> 838243 </us-gaap:DueToRelatedPartiesCurrent>
<us-gaap:PaymentsToAcquireIntangibleAssets contextRef="From2018-09-01to2019-08-31_btim_CayoVenturesMember" unitRef="USD" decimals="0"> 500000 </us-gaap:PaymentsToAcquireIntangibleAssets>
<us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt contextRef="From2020-09-01to2020-11-30_btim_CayoVenturesMember" unitRef="USD" decimals="0"> 490212 </us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt>
<us-gaap:LoansPayable contextRef="AsOf2020-11-30_btim_CayoVenturesMember" unitRef="USD" decimals="0"> 560000 </us-gaap:LoansPayable>
<us-gaap:DebtInstrumentMaturityDate contextRef="From2020-09-01to2020-11-30_btim_CayoVenturesMember"> 2021-01-23 </us-gaap:DebtInstrumentMaturityDate>
<us-gaap:OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 126457 </us-gaap:OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears>
<us-gaap:CapitalLeasesFutureMinimumPaymentsDueInThreeYears contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 18890 </us-gaap:CapitalLeasesFutureMinimumPaymentsDueInThreeYears>
<us-gaap:OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 0 </us-gaap:OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears>
<us-gaap:CapitalLeasesFutureMinimumPaymentsDueCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 145347 </us-gaap:CapitalLeasesFutureMinimumPaymentsDueCurrent>
<btim:LessPresentValueDiscount contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> -897 </btim:LessPresentValueDiscount>
<us-gaap:CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 144450 </us-gaap:CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments>
<us-gaap:CapitalLeaseObligationsCurrent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 125560 </us-gaap:CapitalLeaseObligationsCurrent>
<us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent contextRef="AsOf2020-11-30" unitRef="Pure" decimals="INF"> 0.0219 </us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent>
<us-gaap:LesseeOperatingLeaseDiscountRate contextRef="AsOf2020-11-30" unitRef="Pure" decimals="INF"> 0.0219 </us-gaap:LesseeOperatingLeaseDiscountRate>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 contextRef="From2020-09-01to2020-11-30_btim_DecemberOneTwoThousandtwentyMember"> P12M </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2>
<us-gaap:OperatingLeasePayments contextRef="From2020-09-01to2020-11-30_btim_DecemberOneTwoThousandtwentyMember" unitRef="USD" decimals="0"> 250066 </us-gaap:OperatingLeasePayments>
<us-gaap:OperatingLeaseExpense contextRef="From2020-09-01to2020-11-30_btim_DecemberOneTwoThousandtwentyMember" unitRef="USD" decimals="0"> 29307 </us-gaap:OperatingLeaseExpense>
<us-gaap:OperatingLeaseExpense contextRef="From2019-09-01to2019-11-30_btim_DecemberOneTwoThousandtwentyMember" unitRef="USD" decimals="0"> 0 </us-gaap:OperatingLeaseExpense>
<us-gaap:PaymentsForRent contextRef="From2020-09-01to2020-11-30_btim_AprilTwentyTwentyTwentyMember" unitRef="EUR" decimals="0"> 2550 </us-gaap:PaymentsForRent>
<us-gaap:PaymentsForRent contextRef="From2020-09-01to2020-11-30_btim_DecemberOneTwentyNineteenMember" unitRef="EUR" decimals="0"> 3120 </us-gaap:PaymentsForRent>
<us-gaap:PaymentsForRent contextRef="From2020-09-01to2020-11-30_btim_AugustOneTwentyNineteenMember" unitRef="EUR" decimals="0"> 2340 </us-gaap:PaymentsForRent>
<us-gaap:OtherReceivablesNetCurrent contextRef="AsOf2020-07-27_btim_ThirdPartyMember" unitRef="EUR" decimals="0"> 40000 </us-gaap:OtherReceivablesNetCurrent>
<us-gaap:ShorttermDebtAverageOutstandingAmount contextRef="From2020-09-01to2020-11-30_btim_ThirdPartyMember" unitRef="USD" decimals="0"> 0 </us-gaap:ShorttermDebtAverageOutstandingAmount>
<us-gaap:DebtInstrumentCarryingAmount contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 464650 </us-gaap:DebtInstrumentCarryingAmount>
<us-gaap:DebtInstrumentAnnualPrincipalPayment contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 62500 </us-gaap:DebtInstrumentAnnualPrincipalPayment>
<us-gaap:DebtInstrumentFairValue contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 527150 </us-gaap:DebtInstrumentFairValue>
<us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> -26179 </us-gaap:EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability>
<us-gaap:DebtInstrumentUnamortizedDiscount contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 385383 </us-gaap:DebtInstrumentUnamortizedDiscount>
<us-gaap:DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent contextRef="AsOf2020-11-30" unitRef="USD" decimals="0"> 886354 </us-gaap:DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent>
<btim:DueFromUnrelatedPartiesCurrent contextRef="AsOf2020-11-30_btim_SeptemberTwentyTwoTwoThousandTwentyMember" unitRef="USD" decimals="0"> 62500 </btim:DueFromUnrelatedPartiesCurrent>
<us-gaap:DebtInstrumentDescription contextRef="From2020-09-01to2020-11-30_btim_SeptemberTwentyTwoTwoThousandTwentyMember"> 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 </us-gaap:DebtInstrumentDescription>
<us-gaap:AmortizationOfDebtDiscountPremium contextRef="From2020-09-01to2020-11-30_btim_SeptemberTwentyTwoTwoThousandTwentyMember" unitRef="USD" decimals="0"> 9507 </us-gaap:AmortizationOfDebtDiscountPremium>
<us-gaap:NotesIssued1 contextRef="From2020-09-01to2020-11-30_btim_SeptemberTwentyTwoTwoThousandTwentyMember" unitRef="USD" decimals="0"> 5000000 </us-gaap:NotesIssued1>
<us-gaap:DebtConversionOriginalDebtAmount1 contextRef="From2020-09-01to2020-11-30_btim_SeptemberTwentyTwoTwoThousandTwentyMember" unitRef="USD" decimals="0"> 26179 </us-gaap:DebtConversionOriginalDebtAmount1>
<us-gaap:AmortizationOfDebtDiscountPremium contextRef="From2020-09-01to2020-11-30_btim_CayoVenturesMember" unitRef="USD" decimals="0"> 375876 </us-gaap:AmortizationOfDebtDiscountPremium>
<btim:Maturity contextRef="From2020-09-01to2020-11-30_btim_CayoVenturesMember"> 2021-01-22 </btim:Maturity>
<us-gaap:NotesIssued1 contextRef="From2020-07-01to2020-07-21_btim_CayoVenturesMember" unitRef="USD" decimals="0"> 500000 </us-gaap:NotesIssued1>
<us-gaap:NotesIssued1 contextRef="From2018-12-01to2018-12-08_btim_CayoVenturesMember" unitRef="USD" decimals="0"> 560000 </us-gaap:NotesIssued1>
<us-gaap:DebtInstrumentDescription contextRef="From2020-07-01to2020-07-21_btim_CayoVenturesMember"> 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. </us-gaap:DebtInstrumentDescription>
<us-gaap:DebtInstrumentDescription contextRef="From2018-12-01to2018-12-08_btim_CayoVenturesMember"> 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. </us-gaap:DebtInstrumentDescription>
<btim:SharesOfCommonStockIssuableUponExerciseOfDebt contextRef="From2020-09-01to2020-11-30" unitRef="Shares" decimals="0"> 1477395 </btim:SharesOfCommonStockIssuableUponExerciseOfDebt>
<btim:SharesOfCommonStockIssuableUponExerciseOfDebt contextRef="From2019-09-01to2020-08-31" unitRef="Shares" decimals="0"> 1240601 </btim:SharesOfCommonStockIssuableUponExerciseOfDebt>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="From2020-09-01to2020-11-30"> P1Y1M28D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="From2019-09-01to2020-08-31"> P8M12D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate contextRef="From2020-09-01to2020-11-30" unitRef="Pure" decimals="INF"> 0 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate contextRef="From2019-09-01to2020-08-31" unitRef="Pure" decimals="INF"> 0 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="From2020-09-01to2020-11-30" unitRef="Pure" decimals="INF"> 1.61 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="From2019-09-01to2020-08-31" unitRef="Pure" decimals="INF"> 1.71 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2020-09-01to2020-11-30" unitRef="Pure" decimals="INF"> 0.0008 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2019-09-01to2020-08-31" unitRef="Pure" decimals="INF"> 0.0013 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2019-09-01to2020-08-31"> P4M24D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="From2020-09-01to2020-11-30_srt_MaximumMember" unitRef="USDPShares" decimals="2"> 0.81 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="From2019-09-01to2020-08-31_srt_MaximumMember" unitRef="USDPShares" decimals="2"> 0.91 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2020-09-01to2020-11-30_srt_MaximumMember"> P3M29D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="From2020-09-01to2020-11-30_srt_MinimumMember" unitRef="USDPShares" decimals="2"> 0.71 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="From2019-09-01to2020-08-31_srt_MinimumMember" unitRef="USDPShares" decimals="2"> 0.80 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2020-09-01to2020-11-30_srt_MinimumMember"> P1M24D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:DerivativeLiabilities contextRef="AsOf2020-11-30_btim_FairValueInputsLevelThreeMember" unitRef="USD" decimals="0"> 614530 </us-gaap:DerivativeLiabilities>
<us-gaap:DerivativeLiabilities contextRef="AsOf2020-11-30_btim_FairValueInputsLevelTwoMember" unitRef="USD" decimals="0"> 0 </us-gaap:DerivativeLiabilities>
<us-gaap:DerivativeLiabilities contextRef="AsOf2020-11-30_btim_FairValueInputsLevelOneMember" unitRef="USD" decimals="0"> 0 </us-gaap:DerivativeLiabilities>
<btim:FairValueAtTheCommitmentDateForConvertibleInstruments contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 26179 </btim:FairValueAtTheCommitmentDateForConvertibleInstruments>
<btim:ChangeInFairValueOfDerivativeLiability contextRef="From2020-09-01to2020-11-30" unitRef="USD" decimals="0"> 280905 </btim:ChangeInFairValueOfDerivativeLiability>
<us-gaap:CommonStockSharesOutstanding contextRef="AsOf2019-08-31" unitRef="Shares" decimals="0"> 50500011 </us-gaap:CommonStockSharesOutstanding>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2019-08-31" unitRef="Shares" decimals="0"> 50500011 </us-gaap:CommonStockSharesIssued>
<us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationGross contextRef="From2020-09-01to2020-11-30_btim_MrPatrickBurkertMember" unitRef="Shares" decimals="0"> 50000 </us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationGross>
<us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationGross contextRef="From2019-09-01to2020-08-31_btim_MrPatrickBurkertMember" unitRef="Shares" decimals="0"> 50000 </us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationGross>
<btim:MaturityDate contextRef="From2020-07-01to2020-07-21"> 2021-01-22 </btim:MaturityDate>
<us-gaap:ConvertibleDebtCurrent contextRef="AsOf2020-07-21_btim_RelatedPartyOneMember" unitRef="USD" decimals="0"> 560000 </us-gaap:ConvertibleDebtCurrent>
<us-gaap:ConvertibleDebtCurrent contextRef="AsOf2020-07-21_btim_RelatedPartyMember" unitRef="USD" decimals="0"> 500000 </us-gaap:ConvertibleDebtCurrent>
<us-gaap:ProceedsFromRelatedPartyDebt contextRef="From2020-12-01to2021-01-13_us-gaap_SubsequentEventMember_btim_CayoVenturesMember" unitRef="USD" decimals="0"> 179775 </us-gaap:ProceedsFromRelatedPartyDebt>
</xbrli:xbrl>

↑Top
Filing Submission 0001640334-21-000076   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Tue., Apr. 30, 9:12:20.1pm ET