10-Q Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001477932-21-008275`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	hwke_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 40 Cash Flow Statement 51 Stockholders Equity 19

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$97.08K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$282.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$51.26K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$285.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.08K	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
Total assets	`Assets`	$110.08K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$285.13K	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`	17.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.22M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$133.09K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$135.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.92M	shares	Point-in-time
Common stock to be issued shares	`CommonStockToBeIssuedShares`	0.00	shares	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayable`	$450.93K	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayable`	$480.37K	USD	Point-in-time
Common stock to be issued shares	`CommonStockToBeIssuedShares`	425,000.00	shares	Point-in-time
Inventory financing payable - related party	`InventoryFinancingPayableRelatedParty`	$500.00K	USD	Point-in-time
Inventory financing payable - related party	`InventoryFinancingPayableRelatedParty`	$500.00K	USD	Point-in-time
Common stock payable - related party	`CommonStockPayableRelatedParty`	$477.00K	USD	Point-in-time
Common stock payable - related party	`CommonStockPayableRelatedParty`	$477.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.59M	USD	Point-in-time
PPP loan	`LongTermLoansPayable`	$16.98K	USD	Point-in-time
PPP loan	`LongTermLoansPayable`	$16.98K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.61M	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; 18,221,148 and 17,921,148 shares issued and outstanding, respectively	`CommonStockValue`	$1.79K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 18,221,148 and 17,921,148 shares issued and outstanding, respectively	`CommonStockValue`	$1.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.96M	USD	Point-in-time
Common stock to be issued - 0 and 425,000 shares, respectively	`CommonStockToBeIssued`	-	USD	Point-in-time
Common stock to be issued - 0 and 425,000 shares, respectively	`CommonStockToBeIssued`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.56M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$111.19K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$159.07K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$110.08K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$285.13K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	-	USD	1 Quarter
Sales	`Revenues`	$382.35K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$320.38K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$61.97K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$22.89K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.80K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$171.30K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$153.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$38.02K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$26.27K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$139.34K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$38.50K	USD	1 Quarter
Marketing	`MarketingExpense`	$48.42K	USD	1 Quarter
Marketing	`MarketingExpense`	-	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	-	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$40.16K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$433.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$258.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-371.44K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-258.96K	USD	1 Quarter
Interest expenses	`InterestExpenses`	$-26.83K	USD	1 Quarter
Interest expenses	`InterestExpenses`	$2.04K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$54.44K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$12.90K	USD	1 Quarter
Financing expense	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Financing expense	`PaymentsOfFinancingCosts`	$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`	$-370.27K	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-1.97M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-52.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.35M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-311.36K	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`	$-0.02	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.56M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.94M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.35M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-311.36K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$602.00	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	-	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$40.16K	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-370.27K	USD	1 Quarter
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$29.44K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$25.27K	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	$73.99K	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	$1.68M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.81K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-901.71K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-13.21K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-10.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$211.72K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$32.88K	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`	$-185.05K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$67.50K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-860.49K	USD	1 Quarter
Net change in cash	`CashPeriodIncreaseDecrease`	$-185.05K	USD	1 Quarter
Cash beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$97.08K	USD	Point-in-time
Cash beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$282.13K	USD	Point-in-time
Cash beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.26K	USD	Point-in-time
Cash beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	USD	Point-in-time
Cash end of period	`CashAndCashEquivalentsAtCarryingValue`	$97.08K	USD	Point-in-time
Cash end of period	`CashAndCashEquivalentsAtCarryingValue`	$282.13K	USD	Point-in-time
Cash end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.26K	USD	Point-in-time
Cash end of period	`CashAndCashEquivalentsAtCarryingValue`	$911.75K	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`	$525.98K	USD	1 Quarter
Common stock issued on conversion of note payable	`CommonStockIssuedOnConversionOfNotePayable`	-	USD	1 Quarter
Common stock issued for settlement of debt	`DebtConversionConvertedInstrumentSharesIssued1`	30,000.00	shares	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	`DebtForgiveness`	-	USD	1 Quarter
Debt forgiveness	`DebtForgiveness`	$20.93K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$111.19K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$159.07K	USD	Point-in-time
Common shares issued for stock to be issued, amount	`StockIssuedDuringPeriodValueOther`	-	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 - options	`StockBasedCompensationOptions`	$73.99K	USD	1 Quarter
Stock based compensation - warrant	`StockBasedCompensationWarrants`	$1.56M	USD	1 Quarter
Debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$20.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.35M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-311.36K	USD	1 Quarter
Common stock issued for settlement of debt, shares	`DebtConversionConvertedInstrumentSharesIssued1`	30,000.00	shares	1 Quarter
Common stock issued for settlement of debt, amount	`DebtConversionConvertedInstrumentAmount1`	$30.00K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$111.19K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$159.07K	USD	Point-in-time

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