Hawkeye Digital, Inc.
For the period ended Mar 31, 2025. Filed May 13, 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.
Mar 31, 2025 · Filed May 13, 2025
HWKEStored price and day change unavailable
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious 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 OperationsCurrent report: 10-Q
Period ended 2025-03-31; filed 2025-05-13.
0001477932-25-003614
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 38 current paragraphs.
28 unchanged; 9 reworded; 1 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.
Added paragraphs (1)
Current report
On April 1, 2025, the Company, Christian Schjolberg, and Peter Herzog, filed articles of organization with the Secretary of State of the State of Nevada to form a member managed limited liability company called Rift Cyber LLC (“Rift”). In connection with the formation of Rift, Jö & Fyse UG, and Peter Herzog executed an intellectual property assignment agreement (the “IP Assignment”), whereby they assigned to Rift, all of the intellectual property rights in and to the core technology, RF environment mapping methodology, authentication framework, data collection and aggregation mechanism, applications and use cases, and prototype implementations and source code of Rift Tech. Rift will be focused on developing technologies that operate at the intersection of physical and digital security. This move marks a strategic realignment of our resources into the cyber security space.
Reworded paragraphs (9)
Previous wording
The following discussion relates to the historical operations and financial statements of Hawkeye Systems, Inc. for the six months ended December 31, 2024.
Current wording
The following discussion relates to the historical operations and financial statements of Hawkeye Systems, Inc. for the three months and nine month ended March 31, 2025.
Previous wording
The Company is currently looking for investment opportunities into target businesses in diversified industries, such as affordable housing development, and technology applications to mitigate the effects of climate change.
Current wording
The Company is currently looking for investment opportunities into target businesses in diversified industries, such cybersecurity.
Previous 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.
Current wording
We had no operating revenues, and the cost of sales, for the three and nine months, ended March 31, 2025, and 2024. Total operating expenses in the three months ended March 31, 2025, were $40,082 compared to $40,224 for the same period in 2024. The total operating expenses in the nine months ended March 31, 20254 were $160,334 compared to the nine months ended in 2024 was $340,535. 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
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.
Current wording
The Company’s net loss was $102,987 for the three months, and $347,383 for the nine months ended March 31, 2025, compared to $99,470 for the three months, and $486,970 for the nine months ended March 31, 2024, respectively. The net losses for these periods are primarily a result of operating expenses, and interest expenses.
Previous 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.
Current wording
Our cash balance at March 31, 2025 was $24,994 compared to $58 at March 31, 2024. 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 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.
Current wording
During our fiscal quarter ended March 31, 2025, and 2024, we received $43,008, and $1,708,000, respectively, from a promissory note issued by a related party.
Previous wording
There are no assurances that we will be able to obtain further funds required for our continued operations. Even if additional financing is available, it may not be available on terms we find favorable. Failure to secure the needed additional financing will have an adverse effect on our ability to remain in business.
Current wording
There are no assurances that we will be able to obtain further funds required for our continued operations. Even if additional financing is available, it may not be available on terms we find favorable. Failure to secure the additional financing needed will have an adverse effect on our ability to remain in business.
Previous 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.
Current wording
As of the date of this quarterly report, we have entered into various 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 $12,931,599 at December 31, 2024 and net loss from operations of $244,395 for the six months ended December 31, 2024.
Current wording
As reflected in the accompanying financial statements, the Company had an accumulated deficit of approximately $13,034,586 at March 31, 2025, and net loss from operations of $347,383 for the nine months ended March 31, 2025.