10-K Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001477932-21-000520`
Period End Date	20200630
Filing Date	20210201
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	hwke-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 38 Cash Flow Statement 78 Stockholders Equity 30

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Note receivale, net of allowance	`NoteReceivaleNetOfAllowance`	-	USD	Point-in-time
Note receivale, net of allowance	`NoteReceivaleNetOfAllowance`	$1.46M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$18.37K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$334.65K	USD	Point-in-time
Preferred stock, shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$47.66K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$509.52K	USD	Point-in-time
Inventory, net	`InventoryNet`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.67K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.86K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.48M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.23K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$3.15K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$737.00	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Advances to Radiant Images, Inc.	`AdvancesToAffiliate`	-	USD	Point-in-time
Advances to Radiant Images, Inc.	`AdvancesToAffiliate`	$920.80K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.83M	shares	Point-in-time
Note receivable - Radiant Images, Inc., net of allowance of $1,459,842 and $0, respectively	`NotesReceivableGross`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.90M	shares	Point-in-time
Note receivable - Radiant Images, Inc., net of allowance of $1,459,842 and $0, respectively	`NotesReceivableGross`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.90M	shares	Point-in-time
Total assets	`Assets`	$1.48M	USD	Point-in-time
Total assets	`Assets`	$947.17K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.83M	shares	Point-in-time
Common stock to be issued shares	`CommonStockToBeIssuedShares`	425,000.00	shares	Point-in-time
Common stock to be issued shares	`CommonStockToBeIssuedShares`	150,000.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$86.66K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$332.33K	USD	Point-in-time
Convertible note payable, net of discount	`ConvertibleNotesPayableCurrent`	$137.62K	USD	Point-in-time
Convertible note payable, net of discount	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayable`	-	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayable`	$211.31K	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$200.00K	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$400.00K	USD	Point-in-time
Common stock payable	`AdditionalPaidInCapitalCommonStock`	$436.00K	USD	Point-in-time
Common stock payable	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$486.66K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$486.66K	USD	Point-in-time
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 14,828,036 and 9,897,116 shares issued and outstanding, respectively	`CommonStockValue`	$990.00	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 14,828,036 and 9,897,116 shares issued and outstanding, respectively	`CommonStockValue`	$1.48K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.20M	USD	Point-in-time
Common stock to be issued - 425,000 and 150,000 shares, respectively	`CommonStockToBeIssued425000And150000SharesRespectively`	$139.50K	USD	Point-in-time
Common stock to be issued - 425,000 and 150,000 shares, respectively	`CommonStockToBeIssued425000And150000SharesRespectively`	$170.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$471.85K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$159.07K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$460.51K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$947.17K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.48M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$3.02M	USD	Annual
Sales	`Revenues`	-	USD	Annual
Cost of sales	`CostOfRevenue`	-	USD	Annual
Cost of sales	`CostOfRevenue`	$1.99M	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Gross profit	`GrossProfit`	$1.03M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$185.23K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$264.25K	USD	Annual
Management compensation	`OfficersCompensation`	$778.09K	USD	Annual
Management compensation	`OfficersCompensation`	$592.87K	USD	Annual
Professional fees	`ProfessionalFees`	$523.79K	USD	Annual
Professional fees	`ProfessionalFees`	$581.13K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	-	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$377.71K	USD	Annual
Marketing	`MarketingExpense`	$54.44K	USD	Annual
Marketing	`MarketingExpense`	$90.81K	USD	Annual
Write-down of inventory	`InventoryWriteDown`	-	USD	Annual
Write-down of inventory	`InventoryWriteDown`	$126.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.36M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.22M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.19M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.36M	USD	Annual
Interest income	`InterestIncomeOperating`	$154.04K	USD	Annual
Interest income	`InterestIncomeOperating`	-	USD	Annual
Interest expense	`InterestExpense`	$510.66K	USD	Annual
Interest expense	`InterestExpense`	$47.02K	USD	Annual
Financing expense - related party	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	Annual
Financing expense - related party	`PaymentsToFundLongtermLoansToRelatedParties`	$-57.53K	USD	Annual
Allowance for Radiant Images, Inc. - note receivable	`AllowanceForRadiantImagesIncNoteReceivable`	$-1.46M	USD	Annual
Allowance for Radiant Images, Inc. - note receivable	`AllowanceForRadiantImagesIncNoteReceivable`	-	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-510.66K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-1.41M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.87M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.60M	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.58M	shares	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.25M	shares	Annual

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.87M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.60M	USD	Annual
Depreciation	`Depreciation`	$1.67K	USD	Annual
Depreciation	`Depreciation`	$2.41K	USD	Annual
Allowance for note receivable - Radiant Images, Inc.	`AllowanceForNoteReceivableRadiantImagesInc`	$1.46M	USD	Annual
Allowance for note receivable - Radiant Images, Inc.	`AllowanceForNoteReceivableRadiantImagesInc`	-	USD	Annual
Inventory Obsolescence	`InventoryObsolescence`	-	USD	Annual
Inventory Obsolescence	`InventoryObsolescence`	$126.00K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$17.02K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$200.00K	USD	Annual
Stock based compensation - options and warrant	`ShareBasedCompensation`	$599.46K	USD	Annual
Stock based compensation - options and warrant	`ShareBasedCompensation`	$347.53K	USD	Annual
Common stock issued and warrants exercised for services	`CommonStockIssuedAndWarrantsExercisedForServices`	$471.48K	USD	Annual
Common stock issued and warrants exercised for services	`CommonStockIssuedAndWarrantsExercisedForServices`	$29.55K	USD	Annual
Stock based compensation - interest expense	`StockBasedCompensationInterestExpense`	$310.66K	USD	Annual
Stock based compensation - interest expense	`StockBasedCompensationInterestExpense`	-	USD	Annual
Stock based compensation - warrant extension	`StockBasedCompensationWarrantExtension`	-	USD	Annual
Stock based compensation - warrant extension	`StockBasedCompensationWarrantExtension`	$193.05K	USD	Annual
Warrants exercised for services	`WarrantsExercisedForServices`	-	USD	Annual
Warrants exercised for services	`WarrantsExercisedForServices`	$16.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-47.66K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-635.52K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-1.81K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-4.86K	USD	Annual
Interest receivable	`IncreaseDecreaseInOtherReceivables`	$-154.04K	USD	Annual
Interest receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$245.66K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$72.93K	USD	Annual
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	-	USD	Annual
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$436.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-716.46K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.62K	USD	Annual
Purchases of equipment	`PaymentsToAcquireMachineryAndEquipment`	$4.82K	USD	Annual
Purchases of equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	Annual
Investment in Radiant Images, Inc.	`PaymentsToAcquireInvestments`	$770.80K	USD	Annual
Investment in Radiant Images, Inc.	`PaymentsToAcquireInvestments`	$158.00K	USD	Annual
Net cash provided used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-775.62K	USD	Annual
Net cash provided used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-158.00K	USD	Annual
Sales of common stock and warrants, net of issuance costs	`SalesOfCommonStockAndWarrantsNetOfIssuanceCosts`	$605.00K	USD	Annual
Sales of common stock and warrants, net of issuance costs	`SalesOfCommonStockAndWarrantsNetOfIssuanceCosts`	$393.00K	USD	Annual
Issuances of notes payable, net of financing costs	`IssuancesOfNotesPayableNetOfFinancingCosts`	$400.00K	USD	Annual
Issuances of notes payable, net of financing costs	`IssuancesOfNotesPayableNetOfFinancingCosts`	-	USD	Annual
Net proceeds from convertible note	`ProceedsFromConvertibleDebt`	$133.50K	USD	Annual
Net proceeds from convertible note	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net proceeds from convertible note - related party	`ProceedsFromRelatedPartyDebt`	$250.00K	USD	Annual
Net proceeds from convertible note - related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$221.00K	USD	Annual
Stock subscriptions received	`StockSubscriptionsReceived`	$119.50K	USD	Annual
Stock subscriptions received	`StockSubscriptionsReceived`	$170.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.18M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.12M	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$-316.28K	USD	Annual
Net change in cash	`CashPeriodIncreaseDecrease`	$893.38K	USD	Annual
Cash beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$18.37K	USD	Point-in-time
Cash beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	USD	Point-in-time
Cash beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$334.65K	USD	Point-in-time
Cash end of year	`CashAndCashEquivalentsAtCarryingValue`	$18.37K	USD	Point-in-time
Cash end of year	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	USD	Point-in-time
Cash end of year	`CashAndCashEquivalentsAtCarryingValue`	$334.65K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Investment in Radiant converted to note receivable	`InvestmentInRadiantConvertedToNoteReceivableNote6`	$1.31M	USD	Annual
Investment in Radiant converted to note receivable	`InvestmentInRadiantConvertedToNoteReceivableNote6`	-	USD	Annual
Common stock issued on conversion of note payable	`CommonStockIssuedOnConversionOfNotePayable`	-	USD	Annual
Common stock issued on conversion of note payable	`CommonStockIssuedOnConversionOfNotePayable`	$200.00K	USD	Annual
Reclassification from common stock to be issued to common stock	`ReclassificationFromCommonStockToBeIssuedToCommonStock`	$170.00K	USD	Annual
Reclassification from common stock to be issued to common stock	`ReclassificationFromCommonStockToBeIssuedToCommonStock`	-	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	$51.59K	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	-	USD	Annual
Common stock reissued to replace lost shares	`CommonStockReissuedToReplaceLostShares`	$6.00	USD	Annual
Common stock reissued to replace lost shares	`CommonStockReissuedToReplaceLostShares`	-	USD	Annual
Common stock issued for investment in Radiant Images, Inc.	`CommonStockIssuedForInvestmentInRadiantImagesInc`	-	USD	Annual
Common stock issued for investment in Radiant Images, Inc.	`CommonStockIssuedForInvestmentInRadiantImagesInc`	$207.00K	USD	Annual

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$471.85K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$159.07K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$460.51K	USD	Point-in-time
Common stock and warrants issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$393.00K	USD	Annual
Common stock and warrants issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$402.94K	USD	Annual
Common stock and warrants issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$471.48K	USD	Annual
Common stock and warrants issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$29.55K	USD	Annual
Stock based compensation - warrants	`StockBasedCompensationWarrants`	$252.86K	USD	Annual
Stock based compensation - warrants	`StockBasedCompensationWarrants`	$57.53K	USD	Annual
Stock based compensation - options	`StockBasedCompensationOptions`	$541.93K	USD	Annual
Stock based compensation - options	`StockBasedCompensationOptions`	$422.33K	USD	Annual
Extension of warrants for cash	`ExtensionOfWarrantsForCash`	$193.05K	USD	Annual
Stock subscriptions received	`StockSubscriptionsReceived`	$119.50K	USD	Annual
Stock subscriptions received	`StockSubscriptionsReceived`	$170.00K	USD	Annual
Fair value of conversion feature of note payable	`FairValueOfConversionFeatureOfNotePayable`	$200.00K	USD	Annual
Relative fair value of warrants issued with convertible debt	`RelativeFairValueOfWarrantsIssuedWithConvertibleDebt`	$184.93K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.87M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.60M	USD	Annual
Common shares issues for stock to be issued, amount	`CommonSharesIssuesForStockToBeIssuedAmount`	-	USD	Annual
Common stock issued on conversion of note payable, amount	`ConversionOfStockAmountConverted1`	$200.00K	USD	Annual
Warrants exercised for cash, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$221.00K	USD	Annual
Warrants exercised for services, amount	`WarrantsExercisedForServicesAmount`	$16.00K	USD	Annual
Common stock issued for investment in Radiant Images, Inc., amount	`CommonStockIssuedForInvestmentInRadiantImagesIncAmount`	$207.00K	USD	Annual
Common stock reissued to replace lost shares, amount	`CommonStockReissuedToReplaceLostSharesAmount`	-	USD	Annual
Common stock subscriptions received	`CommonStockSubscriptionsReceived`	$139.50K	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	$51.59K	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	-	USD	Annual
Balance, amount	`StockholdersEquity`	$471.85K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$159.07K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$460.51K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.