10-Q Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001674796-19-000077`
Period End Date	20190331
Filing Date	20190516
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	tbd-20190131_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 36 Cash Flow Statement 26 Stockholders Equity 7

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$334.65K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.83K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$334.65K	USD	Point-in-time
Investment in joint venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$640.82K	USD	Point-in-time
Investment in joint venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$150.00K	USD	Point-in-time
Investment in joint venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Investment in joint venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$640.82K	USD	Point-in-time
Total Assets	`Assets`	$673.65K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	9.66M	shares	Point-in-time
Total Assets	`Assets`	$484.65K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	8.89M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	8.89M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	9.66M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$18.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.80K	USD	Point-in-time
Note due on demand	`NotesPayable`	-	USD	Point-in-time
Note due on demand	`NotesPayable`	$200.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$218.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$12.80K	USD	Point-in-time
Total liabilities	`Liabilities`	$218.00K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$966.00	USD	Point-in-time
Common stock	`CommonStockValue`	$889.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$655.84K	USD	Point-in-time
Stock subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Stock subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$142.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.38K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-879.35K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$455.65K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$471.85K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$673.65K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$484.65K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.82K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$10.45K	USD	1 Quarter
Legal and professional expenses	`ProfessionalFees`	$44.69K	USD	1 Quarter
Legal and professional expenses	`ProfessionalFees`	$90.50K	USD	3 Qtrs
Regulatory filing expenses and fees	`RegulatoryFilingExpensesAndFees`	$53.58K	USD	3 Qtrs
Regulatory filing expenses and fees	`RegulatoryFilingExpensesAndFees`	$20.18K	USD	1 Quarter
Escrow Fees	`EscrowFees`	$11.89K	USD	3 Qtrs
Escrow Fees	`EscrowFees`	-	USD	1 Quarter
Marketing expenses	`MarketingExpense`	$30.55K	USD	1 Quarter
Marketing expenses	`MarketingExpense`	$30.55K	USD	3 Qtrs
Consulting fees	`OtherCostAndExpenseOperating`	$186.06K	USD	1 Quarter
Consulting fees	`OtherCostAndExpenseOperating`	$186.06K	USD	3 Qtrs
Escrow Fees	`OfficersCompensation`	$118.58K	USD	3 Qtrs
Escrow Fees	`OfficersCompensation`	$118.58K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$502.99K	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$410.51K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-502.99K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-410.51K	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$-111.18K	USD	1 Quarter
Total non-operating income	`NonoperatingIncomeExpense`	$-333.98K	USD	3 Qtrs
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-259.18K	USD	2 Qtrs
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-259.18K	USD	3 Qtrs
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-36.38K	USD	1 Quarter
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-259.18K	USD	3 Qtrs
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-36.38K	USD	1 Quarter
Interest expense	`InterestExpense`	$-74.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$-74.80K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-521.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-836.97K	USD	3 Qtrs
Net loss per share - basic and diluted *	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	3 Qtrs
Net loss per share - basic and diluted *	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.40M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.06M	shares	3 Qtrs

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-836.97K	USD	3 Qtrs
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-259.18K	USD	2 Qtrs
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-259.18K	USD	3 Qtrs
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-36.38K	USD	1 Quarter
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-259.18K	USD	3 Qtrs
Unrealized loss on joint venture	`UnrealizedGainLossOnInvestments`	$-36.38K	USD	1 Quarter
Stock based remuneration	`ShareBasedCompensation`	$-245.97K	USD	3 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.20K	USD	3 Qtrs
Net cash used in operating activities**	`NetCashProvidedByUsedInOperatingActivities`	$-326.62K	USD	3 Qtrs
Investment in joint venture*	`PaymentsToAcquireInterestInJointVenture`	$350.00K	USD	3 Qtrs
Investment in joint venture*	`PaymentsToAcquireInterestInJointVenture`	$750.00K	USD	2 Qtrs
Investment in joint venture*	`PaymentsToAcquireInterestInJointVenture`	$900.00K	USD	3 Qtrs
Investment in joint venture*	`PaymentsToAcquireInterestInJointVenture`	$205.00K	USD	1 Quarter
Investment in joint venture*	`PaymentsToAcquireInterestInJointVenture`	$150.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-350.00K	USD	3 Qtrs
Issuance of common stock for cash*	`ProceedsFromIssuanceOfCommonStock`	$300.00K	USD	3 Qtrs
Options issued in lieu of interest payment	`ProceedsFromOtherEquity`	$74.80K	USD	3 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$374.80K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-301.82K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$334.65K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.83K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$334.65K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.83K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance - December 31, 2018*	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$639.07K	USD	Point-in-time
Balance - December 31, 2018*	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$455.65K	USD	Point-in-time
Common stock issued as compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$29.55K	USD	2 Qtrs
Stock options issued as compensation - vested	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$291.22K	USD	2 Qtrs
Net gain/(loss) during the period	`ProfitLoss`	$-521.69K	USD	2 Qtrs
Balance - March 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$639.07K	USD	Point-in-time
Balance - March 31, 2019	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$455.65K	USD	Point-in-time

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