10-Q Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001477932-23-008599`
Period End Date	20230930
Filing Date	20231117
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	hwke_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 30 Cash Flow Statement 42 Stockholders Equity 13

Balance Sheet 60 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$143.86K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$50.30K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.75K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.37K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Interest receivable	`InterestReceivable`	$40.44K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Interest receivable	`InterestReceivable`	$72.44K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Loan receivable	`ReceivablesNetCurrent`	$1.27M	USD	Point-in-time
Loan receivable	`ReceivablesNetCurrent`	$800.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.55M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.55M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$986.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.41M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.55M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.55M	shares	Point-in-time
Total assets	`Assets`	$986.67K	USD	Point-in-time
Total assets	`Assets`	$1.41M	USD	Point-in-time
Accounts payable and accrued liabilities - related party	`OtherAccountsPayableAndAccruedLiabilities`	$730.45K	USD	Point-in-time
Accounts payable and accrued liabilities - related party	`OtherAccountsPayableAndAccruedLiabilities`	$812.63K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.64K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.12K	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayableCurrent`	$500.00K	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayableCurrent`	$500.00K	USD	Point-in-time
Accrued interest - related party	`DepositLiabilitiesAccruedInterest`	$298.16K	USD	Point-in-time
Accrued interest - related party	`DepositLiabilitiesAccruedInterest`	$390.57K	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	$525.00K	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	$525.00K	USD	Point-in-time
Promissory note payable - related party	`PromissoryNotePayableRelatedPartyCurrent`	$1.00M	USD	Point-in-time
Promissory note payable - related party	`PromissoryNotePayableRelatedPartyCurrent`	$1.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.71M	USD	Point-in-time
Loan payable due to Eagle - JV partner	`OtherLoansPayable`	$442.25K	USD	Point-in-time
Loan payable due to Eagle - JV partner	`OtherLoansPayable`	$442.25K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.51M	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; 5,552,222 and 5,552,222 shares issued and outstanding, respectively	`CommonStockValue`	$555.00	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 5,552,222 and 5,552,222 shares issued and outstanding, respectively	`CommonStockValue`	$555.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.32M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.52M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.72M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.41M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$986.67K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$27.75K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.59K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$111.30K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$111.25K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$20.43K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$36.00K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	-	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$15.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$174.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$168.84K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-168.84K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-174.48K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$15.00K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$32.00K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParties`	$40.62K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParties`	$92.41K	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-40.62K	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-45.41K	USD	1 Quarter
Net loss before income taxes provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-214.25K	USD	1 Quarter
Net loss before income taxes provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-215.10K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-214.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.10	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.04	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	3.74M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.55M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-214.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	$5.16K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-16.70K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-11.38K	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInInterestReceivables`	$-32.00K	USD	1 Quarter
Interest receivable	`IncreaseDecreaseInInterestReceivables`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.48K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$92.88K	USD	1 Quarter
Accounts payable and accrued liabilities - related party	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accounts payable and accrued liabilities - related party	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$82.18K	USD	1 Quarter
Accrued interest - related party	`IncreaseDecreaseInAccruedLiabilities`	$92.41K	USD	1 Quarter
Accrued interest - related party	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-68.56K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-133.76K	USD	1 Quarter
Note receivable from CNTNR	`ProceedsFromSaleOfNotesReceivable`	$475.00K	USD	1 Quarter
Note receivable from CNTNR	`ProceedsFromSaleOfNotesReceivable`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-475.00K	USD	1 Quarter
Net proceeds from Promissory note - related party	`ProceedsFromRelatedPartyDebt`	$450.00K	USD	1 Quarter
Net proceeds from Promissory note - related party	`ProceedsFromRelatedPartyDebt`	-	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`	$450.00K	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`	$-93.56K	USD	1 Quarter
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$50.30K	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.56K	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.86K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$50.30K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.56K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.86K	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	`CommonStockIssuedExchangedForCommonStockPayableRelatedParty`	-	USD	1 Quarter
Common stock issued exchanged for common stock payable - related party	`CommonStockIssuedExchangedForCommonStockPayableRelatedParty`	$594.34K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-2.52M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.72M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Common stock issued for common stock payable, amount	`CommonStockIssuedForCommonStockPayableAmount`	$594.34K	USD	1 Quarter
Stock based compensation - options	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation - options	`ShareBasedCompensation`	$5.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-214.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-2.52M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.72M	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.