0001622231
2017-08-31
0001622231
2017-05-31
0001622231
2017-03-01
2017-05-31
0001622231
2018-05-31
0001622231
2017-09-01
2017-09-30
0001622231
2016-08-31
0001622231
2019-06-05
0001622231
2017-09-01
2018-05-31
0001622231
2016-09-01
2017-05-31
0001622231
us-gaap:ChiefExecutiveOfficerMember
2018-05-31
0001622231
us-gaap:ChiefExecutiveOfficerMember
2017-08-31
0001622231
us-gaap:SubsequentEventMember
EMRD:MrYvesToeldererMember
2018-12-01
2018-12-06
0001622231
us-gaap:SubsequentEventMember
EMRD:MrYvesToeldererMember
2018-12-06
0001622231
us-gaap:SubsequentEventMember
2019-01-01
2019-01-23
0001622231
2018-03-01
2018-05-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
xbrli:pure
500000000
500000000
0.001
0.001
151500000
151500000
151500000
151500000
468
1508
468
355
151500000
-10247
-65530
-29546
-21374
468
468
-6450
-71980
-153525
-219055
-4425
-4425
151500
151500
6918
72448
468
65998
65998
468
6450
6450
468
468
151500000
151500000
151500000
151500000
-0.00
-0.00
-0.00
-0.00
17584
82772
30000
1153
1153
468
468
1265
7732
16319
75040
65530
700
-10247
-65530
-29546
-21374
11512
65530
37278
21374
11512
65530
29546
21374
Emerald Data Inc
0001622231
10-Q
2018-05-31
false
--08-31
No
Non-accelerated Filer
Q3
2018
true
true
false
6918
72448
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Emerald
Data Inc. (the “Company”) is a for profit corporation established under the corporate laws of the State of Nevada
on August 15, 2014. Its fiscal year end is August 31.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">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. Additionally, we are currently expanding into the boating industry by acquiring and further
developing the BOATIM trading platform.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United
States of America and are presented in US dollars. The Financial Statements and related disclosures as of August 31, 2017 are
audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Unless
the context otherwise requires, all references to “Emerald,” “we,” “us,” “our”
or the “Company” are to Emerald Data Inc.</font></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Basis
of Presentation</u></font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
accompanying unaudited interim 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. However, except as disclosed herein,
there has been no material changes in the information disclosed in the notes to the financial statements for the year ended August
31, 2017 included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The unaudited interim financial
statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management,
all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made.
Operating results for the Nine months ended May 31, 2018 are not necessarily indicative of the results that may be expected for
the year ending August 31, 2018.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Use
of Estimates</u></font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">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. The 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.</font></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">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 Nine months ended May 31, 2018 and
incurred recurring losses. In addition, the Company had a negative working capital for the Nine months ended May 31, 2018, 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.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">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.</font></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
director of the Company provides office space and services free of charge. During the Nine months ended May 31, 2018 our CEO,
Mr. Veng Kun Lun loaned $65,530 to the Company ($468 during the period ended August 31, 2017, respectively). As of May 31, 2018
the Company owed $65,998 to our CEO, Mr. Veng Kun LUN under a related party loan ($468 as of August 31, 2017). The loan is non-interest
bearing and due on demand.</font></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In
September 2017 we implemented a 1:30 forward split that resulted in a total of 151,500,000 shares issued and outstanding. The
forward split has been retroactively reflected in the financial statements as of August 31, 2016. There were no other stock splits
in the reporting period.</font></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
following recent events occurred after the end of the reporting period on May 31, 2018:</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On
December 6, 2018, New Million Global Holdings Limited sold 98,300,000 of its shares of common stocks to Mr. Yves Toelderer, who
pays $250,000.00 in total, $50,000.00 in cash and $200,000.00 by means of a promissory note. The shares represent 64.88% ownership
of the Company and are effectively in the process of being transferred to Mr. Toelderer on the date of this document.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On
January 23, 2019 the Company´s board and shareholders passed a motion that a 1:3 reverse split of the Company´s common
stock should be performed and that the Company name be changed to “BOATIM INC.”.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Also
on January 23, 2019 the shareholders of the Company voted Mr. Yves Toelderer to join the board of directors as Chairman and President
of the Board and new CEO; Mr. Patrick Heneise as Director and CTO; Mr. Michael Veng Kun Lun to remain as Director and CBO, and
Mr. Teck Sion Lim as Director and CFO.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">While
the name change and the appointment of the additional directors have already been approved by the board on January 23, 2019 and
implemented, the change of the control block as well as the reverse split are still being processed at the time of this document,
due to formal reasons, specifically delays in providing the transfer agent with all necessary documents in the legally required
certified and translated format and language.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In
a special shareholder meeting on April 29, 2019 the shareholders voted to appoint Mr. Tippner as new CEO of BOATIM Inc. and Mr.
Toelderer withdrew from the board.</font></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
accompanying unaudited interim 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. However, except as disclosed herein,
there has been no material changes in the information disclosed in the notes to the financial statements for the year ended August
31, 2017 included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The unaudited interim financial
statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management,
all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made.
Operating results for the Nine months ended May 31, 2018 are not necessarily indicative of the results that may be expected for
the year ending August 31, 2018.</font></p>
<p style="margin: 0pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">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. The 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.</font></p>
Nevada
2014-08-15
1:30 forward split
1:3 reverse split
151500000
98300000
250000
50000
200000
0.6488
65530
468