10-Q Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001477932-24-000592`
Period End Date	20231231
Filing Date	20240208
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	hwke_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 62 Cash Flow Statement 52 Stockholders Equity 23

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	`CashAndCashEquivalentsAtCarryingValue`	$398.00	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$143.86K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.37K	USD	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
Interest receivable	`InterestReceivable`	$40.44K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$116.89K	USD	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
Loan receivable	`ReceivablesNetCurrent`	$800.00K	USD	Point-in-time
Loan receivable	`ReceivablesNetCurrent`	$1.55M	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`	5.55M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.55M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$986.67K	USD	Point-in-time
Total assets	`Assets`	$1.68M	USD	Point-in-time
Total assets	`Assets`	$986.67K	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
Accounts payable and accrued liabilities - related party	`OtherAccountsPayableAndAccruedLiabilities`	$730.45K	USD	Point-in-time
Accounts payable and accrued liabilities - related party	`OtherAccountsPayableAndAccruedLiabilities`	$383.72K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.64K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$15.58K	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`	$491.80K	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`	$1.00M	USD	Point-in-time
Promissory note payable - related party	`PromissoryNotePayableRelatedPartyCurrent`	$1.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.07M	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`	$4.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.51M	USD	Point-in-time
Commitments and contingencies (Note -13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note -13)	`CommitmentsAndContingencies`	-	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
Common shares to be Issued	`CommonSharesToBeIssued`	$497.53K	USD	Point-in-time
Common shares to be Issued	`CommonSharesToBeIssued`	-	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`	$-12.50M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.41M	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`	$-2.52M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$986.67K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.68M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$37.77K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$21.21K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$48.97K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.17K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$78.17K	USD	1 Quarter
Management compensation	`OfficersCompensation`	$222.55K	USD	2 Qtrs
Management compensation	`OfficersCompensation`	$189.42K	USD	2 Qtrs
Management compensation	`OfficersCompensation`	$111.25K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$86.86K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$37.13K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$107.29K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$73.13K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$15.00K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	-	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	-	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	-	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$300.31K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$131.47K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$393.81K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$219.33K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-300.31K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-131.47K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-393.81K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-219.33K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$30.00K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	2 Qtrs
Other income	`OtherIncome`	$15.00K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$44.45K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$76.45K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	-	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParties`	$-87.58K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParties`	$-46.97K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParties`	$-101.23K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParties`	$-193.64K	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-41.78K	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-87.19K	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-87.58K	USD	2 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-46.97K	USD	1 Quarter
Net loss before income taxes provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-266.29K	USD	1 Quarter
Net loss before income taxes provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-481.39K	USD	2 Qtrs
Net loss before income taxes provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-387.50K	USD	2 Qtrs
Net loss before income taxes provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-173.25K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-173.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-387.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-214.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-481.39K	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.10	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.07	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.10	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.55M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	4.23M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	3.98M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	5.55M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-266.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-173.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-387.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-214.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-481.39K	USD	2 Qtrs
Stock based compensation - options and warrant	`ShareBasedCompensation`	$5.16K	USD	2 Qtrs
Stock based compensation - options and warrant	`ShareBasedCompensation`	$5.16K	USD	1 Quarter
Stock based compensation - options and warrant	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation - options and warrant	`ShareBasedCompensation`	$497.53K	USD	1 Quarter
Common stock issued for settlement of compensation	`CommonStockIssuedExchangedForCommonStockPayableRelatedParty`	$-497.53K	USD	2 Qtrs
Common stock issued for settlement of compensation	`CommonStockIssuedExchangedForCommonStockPayableRelatedParty`	-	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$7.63K	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$8.15K	USD	2 Qtrs
Interest receivable	`IncreaseDecreaseInInterestReceivables`	-	USD	2 Qtrs
Interest receivable	`IncreaseDecreaseInInterestReceivables`	$76.45K	USD	2 Qtrs
Accounts payable and accrued liabilities- related party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-346.74K	USD	2 Qtrs
Accounts payable and accrued liabilities- related party	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$284.08K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.94K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Accrued interest - related party	`IncreaseDecreaseInAccruedLiabilities`	$193.64K	USD	2 Qtrs
Accrued interest - related party	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-200.29K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-125.21K	USD	2 Qtrs
Note receivable from CNTNR	`ProceedsFromSaleOfNotesReceivable`	-	USD	2 Qtrs
Note receivable from CNTNR	`ProceedsFromSaleOfNotesReceivable`	$748.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-748.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net proceeds from Promissory note - related party	`ProceedsFromRelatedPartyDebt`	$729.75K	USD	2 Qtrs
Net proceeds from Promissory note - related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	$200.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$729.75K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$200.00K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-143.46K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-293.00	USD	2 Qtrs
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$398.00	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.86K	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.00	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$398.00	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.86K	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	`StockIssuedForCommonStockPayble`	$594.34K	USD	2 Qtrs
Common stock issued exchanged for common stock payable - related party	`StockIssuedForCommonStockPayble`	-	USD	2 Qtrs
Common stock to be issued for settlement of service	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Common stock to be issued for settlement of service	`StockIssuedDuringPeriodValueIssuedForServices`	$497.53K	USD	2 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.41M	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`	$-2.52M	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`	$5.16K	USD	2 Qtrs
Stock based compensation - options	`ShareBasedCompensation`	$5.16K	USD	1 Quarter
Stock based compensation - options	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation - options	`ShareBasedCompensation`	$497.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-173.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-387.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-215.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-214.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-481.39K	USD	2 Qtrs
Balance, Amount	`StockholdersEquity`	$-2.74M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$-2.41M	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`	$-2.52M	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.