10-Q Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001477932-23-000629`
Period End Date	20221231
Filing Date	20230131
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	hwke_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 54 Cash Flow Statement 39 Stockholders Equity 26

Balance Sheet 67 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`	$325.00	USD	Point-in-time
Cash	`Cash`	$32.00	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$25.83K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.48K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.33K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.51K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.32K	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 par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$1.66K	USD	Point-in-time
Total assets	`Assets`	$9.51K	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
Total assets	`Assets`	$285.99K	USD	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`	$163.31K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$273.59K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$557.67K	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`	$465.00K	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	$265.00K	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`	$1.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.47M	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`	$2.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.19M	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`	$2.54K	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`	$9.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.36M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.99M	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 stockholders' deficit	`StockholdersEquity`	$-1.91M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.66K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$285.99K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$9.51K	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$91.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$114.04K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$21.21K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$48.97K	USD	2 Qtrs
Management compensation	`OfficersCompensation`	$396.74K	USD	2 Qtrs
Management compensation	`OfficersCompensation`	$225.44K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$222.55K	USD	2 Qtrs
Management compensation	`OfficersCompensation`	$111.25K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$39.13K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$107.29K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$12.86K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$86.86K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$152.26K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	-	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$15.00K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$113.76K	USD	1 Quarter
Marketing	`MarketingExpense`	-	USD	2 Qtrs
Marketing	`MarketingExpense`	-	USD	1 Quarter
Marketing	`MarketingExpense`	$2.69K	USD	1 Quarter
Marketing	`MarketingExpense`	$2.69K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$445.91K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$393.81K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$704.87K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$219.33K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-219.33K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-445.91K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-704.87K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-393.81K	USD	2 Qtrs
Interest expense	`InterestExpense`	$85.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$43.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$46.97K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$87.58K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$40.89K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$63.80K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-87.58K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-63.89K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-46.97K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-40.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-768.76K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-311.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-486.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-481.39K	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.04	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	39.83M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	23.27M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	20.60M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	42.27M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$768.76K	USD	2 Qtrs
Net loss	`ProfitLoss`	$481.39K	USD	2 Qtrs
Stock based compensation - options and warrant	`ShareBasedCompensation`	$5.16K	USD	2 Qtrs
Stock based compensation - options and warrant	`ShareBasedCompensation`	$358.72K	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$22.83K	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$8.15K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$284.08K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$60.23K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-200.29K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-372.64K	USD	2 Qtrs
Net proceeds from line of credit - related party	`ProceedsFromLinesOfCredit`	$200.00K	USD	2 Qtrs
Net proceeds from line of credit - related party	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Net proceeds from convertible note - related party	`ProceedsFromConvertibleDebt`	$105.00K	USD	2 Qtrs
Net proceeds from convertible note - related party	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$200.00K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-293.00	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-267.64K	USD	2 Qtrs
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$282.13K	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.49K	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.00	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.49K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common stock issued exchanged for common stock payable - related party	`CommonStockIssuedExchangedForCommonStockPayableRelatedPartyNonCash`	$594.34K	USD	2 Qtrs
Common stock issued exchanged for common stock payable - related party	`CommonStockIssuedExchangedForCommonStockPayableRelatedPartyNonCash`	-	USD	2 Qtrs
Common stock issued exchanged for common stock payable	`CommonStockIssuedExchangedForCommonStockPayableNonCash`	$277.00K	USD	2 Qtrs
Common stock issued exchanged for common stock payable	`CommonStockIssuedExchangedForCommonStockPayableNonCash`	-	USD	2 Qtrs
Replacement of Inventory financing payable to convertible note	`ReplacementOfInventoryFinancingPayableToConvertibleNote`	-	USD	2 Qtrs
Replacement of Inventory financing payable to convertible note	`ReplacementOfInventoryFinancingPayableToConvertibleNote`	$500.00K	USD	2 Qtrs
Common stock issued for settlement of debt	`DebtConversionConvertedInstrumentSharesIssuedNonCash`	-	USD	2 Qtrs
Common stock issued for settlement of debt	`DebtConversionConvertedInstrumentSharesIssuedNonCash`	$30.00K	USD	2 Qtrs
Stock option cashless exercised	`StockOptionExercised`	$603.00	USD	2 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-1.96M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.99M	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
Balance, amount	`StockholdersEquity`	$-1.91M	USD	Point-in-time
Common stock issued for settlement of debt, amount	`DebtConversionConvertedInstrumentAmount1`	$30.00K	USD	1 Quarter
Stock based compensation - options	`StockOptionPlanExpense`	$73.99K	USD	1 Quarter
Stock based compensation - options	`StockOptionPlanExpense`	$5.16K	USD	1 Quarter
Stock based compensation - options	`StockOptionPlanExpense`	$284.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-768.76K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-311.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-486.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-481.39K	USD	2 Qtrs
Common shares issued for stock payable, amount	`CommonSharesIssuedForStockPayableAmount`	$277.00K	USD	1 Quarter
Cumulative-effect adjustment from adoption of ASU 2020-06	`CumulativeEffectAdjustmentFromAdoptionOfAsu202006`	$-19.63K	USD	1 Quarter
Stock option cashless exercised, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	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`	$-1.99M	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
Balance, amount	`StockholdersEquity`	$-1.91M	USD	Point-in-time

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