Hawkeye Systems Inc
For the period ended Dec 31, 2024. Filed Jan 28, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Jan 28, 2025
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-09-30; filed 2024-11-19.
0001477932-24-007435
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-12-31; filed 2025-01-28.
0001477932-25-000487
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 37 previous paragraphs and 37 current paragraphs.
30 unchanged; 7 reworded; 0 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (7)
Previous wording
The following discussion relates to the historical operations and financial statements of Hawkeye Systems, Inc. for the three months endedSeptember 30, 2024*.*
Current wording
The following discussion relates to the historical operations and financial statements of Hawkeye Systems, Inc. for the six months ended December 31, 2024.
Previous wording
We had no operating revenues, and cost of sales, for the three months ended September 30, 2024, and 2023. Total operating expenses in the three months ended September 30, 2024 were $95,546 compared to $168,841 for the same period in 2023. The decrease in operating expenses is primarily a result of a decrease in professional fees - related party, management compensation, and general and administrative expenses. The Company’s net loss was $156,720 for the three months ended September 30, 2024 compared to $214,247 for the three months ended September 30, 2023. The net loss for this period is primarily a result of operating expenses, and interest expenses.
Current wording
We had no operating revenues, and no cost of sales, for the three and six months ended December 31, 2024, and 2023. Total operating expenses in the three months ended December 31, 2024, were $24,705 compared to $131,470 for the same period in 2023. The total operating expenses in the six months ended December 31, 2024, were $120,251 compared to the six months ended in 2023 was $300,311. The decrease in operating expenses is primarily a result of a decrease in professional fees - related party, management compensation, and general and administrative expenses.
Previous wording
Three Months Ended September 30, 2024 compared to three months ended September 30, 2023.
Current wording
The Company’s net loss was $87,675 for the three months, and $244,395 for the six months ended December 31, 2024, compared to $173,254 for the three months, and $387,501 for the six months ended December 31, 2023, respectively. The net losses for these periods are primarily a result of operating expenses, and interest expenses.
Previous wording
Our cash balance at September 30, 2024 was $7 compared to $50,296 at September 30, 2023. We do not believe these cash reserves are sufficient to cover our expenses for our operations for the next 12 months. We will require additional funding for our ongoing operations.
Current wording
Our cash balance at December 31, 2024 was $0 compared to $398 at December 31, 2023. We do not believe these cash reserves are sufficient to cover our expenses for our operations for the next 12 months. We will require additional funding for our ongoing operations.
Previous wording
During our first fiscal quarters ended September 30, 2024, and 2023, we received $55,600, and $450,000, from a promissory note issued by a related party.
Current wording
During our fiscal quarter ended December 31, 2024, and 2023, we received $63,663, and $279,750, respectively, from a promissory note issued by a related party.
Previous wording
As of the date of this quarterly report, we have entered into various commitments. For a discussion of the related items, please seeNote 13 – Commitments and Contingencies.
Current wording
As of the date of this quarterly report, we have not entered into any material commitments. For a discussion of the related items, please see**Note 13 –**Commitments and Contingencies.
Previous wording
As reflected in the accompanying financial statements, the Company had an accumulated deficit of approximately $12,843,924 at September 30, 2024 and net loss from operations of $156,720 for the three months ended September 30, 2024.
Current wording
As reflected in the accompanying financial statements, the Company had an accumulated deficit of approximately $12,931,599 at December 31, 2024 and net loss from operations of $244,395 for the six months ended December 31, 2024.