10-Q/A Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 Q1 2021

Filing Information

Form Type	10-Q/A
Accession Number	`0001477932-21-002285`
Period End Date	20200930
Filing Date	20210414
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	hwke-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 40 Cash Flow Statement 64 Stockholders Equity 23

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Note receivable, net of allowance	`NoteReceivableNetOfAllowance`	$1.46M	USD	Point-in-time
Note receivable, net of allowance	`NoteReceivableNetOfAllowance`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$18.37K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$777.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$51.26K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$47.66K	USD	Point-in-time
Preferred stock, shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$49.47K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$509.52K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$1.37M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.67K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$19.88K	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`	$1.49M	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
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$737.00	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$135.00	USD	Point-in-time
Note receivable - Radiant Images, Inc., net of allowance of $1,459,842	`NotesReceivableGross`	-	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
Note receivable - Radiant Images, Inc., net of allowance of $1,459,842	`NotesReceivableGross`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.84M	shares	Point-in-time
Total assets	`Assets`	$1.48M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.83M	shares	Point-in-time
Total assets	`Assets`	$1.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.84M	shares	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`	60,000.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$332.33K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$517.41K	USD	Point-in-time
Convertible note payable, net of discount	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible note payable, net of discount	`ConvertibleNotesPayableCurrent`	$137.62K	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayable`	$224.20K	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayable`	$211.31K	USD	Point-in-time
Note payable - related parties	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$200.00K	USD	Point-in-time
Note payable - related parties	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Common stock payable	`AdditionalPaidInCapitalCommonStock`	$6.00K	USD	Point-in-time
Common stock payable	`AdditionalPaidInCapitalCommonStock`	$9.00K	USD	Point-in-time
Common stock payable - related parties	`CommonStockPayableRelatedParties`	$630.00K	USD	Point-in-time
Common stock payable - related parties	`CommonStockPayableRelatedParties`	$430.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.38M	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; 15,837,659 and 14,828,036 shares issued and outstanding, respectively	`CommonStockValue`	$1.58K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 15,837,659 and 14,828,036 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`	$6.93M	USD	Point-in-time
Common stock to be issued - 60,000 and 425,000 shares, respectively	`CommonUnitIssuanceValue`	$139.50K	USD	Point-in-time
Common stock to be issued - 60,000 and 425,000 shares, respectively	`CommonUnitIssuanceValue`	$30.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$111.19K	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 stockholders' equity	`StockholdersEquity`	$782.82K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.49M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$382.35K	USD	1 Quarter
Sales	`Revenues`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$320.38K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$61.97K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.41K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.80K	USD	1 Quarter
Management compensation	`OfficersCompensation`	-	USD	1 Quarter
Management compensation	`OfficersCompensation`	$153.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$290.49K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$38.02K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$139.34K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	-	USD	1 Quarter
Marketing	`MarketingExpense`	-	USD	1 Quarter
Marketing	`MarketingExpense`	$48.42K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$40.16K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$308.90K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$433.40K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-308.90K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-371.44K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$26.83K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$12.90K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Financing expense	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	1 Quarter
Financing expense	`PaymentsToFundLongtermLoansToRelatedParties`	$-55.50K	USD	1 Quarter
Financing expense - related party	`FinancingExpenseRelatedParty`	$-1.51M	USD	1 Quarter
Financing expense - related party	`FinancingExpenseRelatedParty`	-	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-370.27K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-1.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-308.90K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.35M	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.16M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.56M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-308.90K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.35M	USD	1 Quarter
Depreciation	`Depreciation`	$602.00	USD	1 Quarter
Depreciation	`Depreciation`	$603.00	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$40.16K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	-	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-370.27K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$25.27K	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	$1.68M	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	-	USD	1 Quarter
Common stock issued and warrants exercised for services	`CommonStockIssuedAndWarrantsExercisedForServices`	-	USD	1 Quarter
Common stock issued and warrants exercised for services	`CommonStockIssuedAndWarrantsExercisedForServices`	$260.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.81K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Inventory	`InventoryObsolescence`	$-901.71K	USD	1 Quarter
Inventory	`InventoryObsolescence`	-	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-13.21K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$4.86K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-20.37K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$211.72K	USD	1 Quarter
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	-	USD	1 Quarter
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$3.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-927.99K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-63.81K	USD	1 Quarter
Shares issued for Radiant Images, Inc. deposit	`SharesIssuedForRadiantImagesIncDeposit`	-	USD	1 Quarter
Shares issued for Radiant Images, Inc. deposit	`SharesIssuedForRadiantImagesIncDeposit`	$70.00K	USD	1 Quarter
Investment in Radiant Images, Inc.	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Investment in Radiant Images, Inc.	`PaymentsToAcquireInvestments`	$114.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Sales of common stock and warrants, net of issuance costs	`SalesOfCommonStockAndWarrantsNetOfIssuanceCosts`	$50.00K	USD	1 Quarter
Sales of common stock and warrants, net of issuance costs	`SalesOfCommonStockAndWarrantsNetOfIssuanceCosts`	-	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$67.50K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Stock subscription receivable	`StockSubscriptionReceivable`	$-2.79K	USD	1 Quarter
Stock subscription receivable	`StockSubscriptionReceivable`	-	USD	1 Quarter
Stock subscriptions received	`StockSubscriptionsReceived`	-	USD	1 Quarter
Stock subscriptions received	`StockSubscriptionsReceived`	$43.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.21K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-17.59K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-860.49K	USD	1 Quarter
Cash beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.37K	USD	Point-in-time
Cash beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	USD	Point-in-time
Cash beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$777.00	USD	Point-in-time
Cash beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.26K	USD	Point-in-time
Cash end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.37K	USD	Point-in-time
Cash end of period	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	USD	Point-in-time
Cash end of period	`CashAndCashEquivalentsAtCarryingValue`	$777.00	USD	Point-in-time
Cash end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.26K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued on conversion of note payable	`CommonStockIssuedOnConversionOfNotePayable`	-	USD	1 Quarter
Common stock issued on conversion of note payable	`CommonStockIssuedOnConversionOfNotePayable`	$525.98K	USD	1 Quarter
Reclassification from note payable related party to stock payable	`ReclassificationFromNotePayableRelatedPartyToStockPayable`	-	USD	1 Quarter
Reclassification from note payable related party to stock payable	`ReclassificationFromNotePayableRelatedPartyToStockPayable`	$200.00K	USD	1 Quarter
Reclassification from common stock to be issued to common stock	`ReclassificationFromCommonStockToBeIssuedToCommonStock`	-	USD	1 Quarter
Reclassification from common stock to be issued to common stock	`ReclassificationFromCommonStockToBeIssuedToCommonStock`	$109.50K	USD	1 Quarter
Debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$20.93K	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$111.19K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$159.07K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$460.51K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$782.82K	USD	Point-in-time
Common stock issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$40.58K	USD	1 Quarter
Common stock issued as compensation, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$540.99K	USD	1 Quarter
Warrants issued, amount	`StockIssuedDuringPeriodValueOther`	$7.51K	USD	1 Quarter
Stock options, amount	`StockOptionsAmount`	$1.92K	USD	1 Quarter
Stock subscription received	`StockSubscriptionReceived`	$43.00K	USD	1 Quarter
Stock subscription receivable	`StockSubscriptionReceivable`	$-2.79K	USD	1 Quarter
Stock subscription receivable	`StockSubscriptionReceivable`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-308.90K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.35M	USD	1 Quarter
Common shares issued for stock to be issued, amount	`CommonSharesIssuedForStockToBeIssuedAmount`	-	USD	1 Quarter
Warrants exercised for cash, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$67.50K	USD	1 Quarter
Common shares issued for conversion of debt, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$525.98K	USD	1 Quarter
Stock based compensation - options	`StockBasedCompensationOptions`	$119.16K	USD	1 Quarter
Stock based compensation - warrant	`StockBasedCompensationWarrants`	$1.56M	USD	1 Quarter
Debt forgiveness	`DebtForgiveness`	$20.93K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$111.19K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$159.07K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$460.51K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$782.82K	USD	Point-in-time

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