10-Q Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001477932-22-009317`
Period End Date	20220930
Filing Date	20221215
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	hwke_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 24 Cash Flow Statement 34 Stockholders Equity 14

Balance Sheet 65 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`Cash`	$26.56K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$325.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.33K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.04K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$44.60K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.08K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.66K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Total assets	`Assets`	$1.66K	USD	Point-in-time
Total assets	`Assets`	$44.60K	USD	Point-in-time
Total assets	`Assets`	$355.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.27M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.27M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$135.96K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$273.59K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$366.47K	USD	Point-in-time
Convertible note payable - related party	`ConvertibleNotesPayableCurrent`	$500.00K	USD	Point-in-time
Convertible note payable - related party	`ConvertibleNotesPayableCurrent`	$500.00K	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	$265.00K	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	$425.00K	USD	Point-in-time
Common stock payable	`CommonStockPayableCurrent`	$20.00K	USD	Point-in-time
Common stock payable	`CommonStockPayableCurrent`	-	USD	Point-in-time
Common stock payable - related party	`CommonStockPayableRelatedPartyCurrent`	$624.34K	USD	Point-in-time
Common stock payable - related party	`CommonStockPayableRelatedPartyCurrent`	$10.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32M	USD	Point-in-time
Loan payable to Eagle - JV partner	`OtherLoansPayable`	$442.25K	USD	Point-in-time
Loan payable to Eagle - JV partner	`OtherLoansPayable`	$442.25K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.11M	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
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; 42,270,815 and 25,604,148 shares issued and outstanding, respectively	`CommonStockValue`	$4.23K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 42,270,815 and 25,604,148 shares issued and outstanding, respectively	`CommonStockValue`	$1.82K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 42,270,815 and 25,604,148 shares issued and outstanding, respectively	`CommonStockValue`	$2.56K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.10M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.72M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.75M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.66K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$44.60K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$355.75K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$22.89K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$27.75K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$171.30K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$111.30K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$20.43K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$26.27K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$38.50K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$15.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$258.96K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$174.48K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-258.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-174.48K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$2.04K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$40.62K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$54.44K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-52.40K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-40.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-311.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	37.38M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	17.94M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$311.36K	USD	1 Quarter
Net loss	`ProfitLoss`	$215.10K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$29.44K	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	$73.99K	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	$5.16K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$10.00K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$16.70K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$32.88K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$92.88K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-185.05K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-133.76K	USD	1 Quarter
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	$160.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$160.00K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$26.24K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-185.05K	USD	1 Quarter
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$97.08K	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.56K	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$282.13K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$97.08K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.56K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$282.13K	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 exchanged for common stock payable - related party	`CommonStockIssuedExchangedForCommonStockPayableRelatedPartyNonCash`	-	USD	1 Quarter
Common stock issued exchanged for common stock payable - related party	`CommonStockIssuedExchangedForCommonStockPayableRelatedPartyNonCash`	$594.34K	USD	1 Quarter
Common stock issued for settlement of debt	`DebtConversionConvertedInstrumentSharesIssuedNonCash`	-	USD	1 Quarter
Common stock issued for settlement of debt	`DebtConversionConvertedInstrumentSharesIssuedNonCash`	$30.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.72M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.75M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Common stock issued for settlement of debt, amount	`DebtConversionConvertedInstrumentAmount1`	$30.00K	USD	1 Quarter
Stock based compensation - options	`StockBasedCompensationOptions`	$5.16K	USD	1 Quarter
Stock based compensation - options	`StockBasedCompensationOptions`	$73.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-311.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Common stock issued for common stock payable, amount	`CommonStockIssuedForCommonStockPayableAmount`	$594.34K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.72M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.75M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.10M	USD	Point-in-time

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