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Hawkeye Systems Inc (HWKE0.00%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing indicates that the company had no operating revenues or cost of sales for the three and six months ended December 31, 2024, and 2023.
Total operating expenses for the three months ended December 31, 2024, were $24,705, compared to $131,470 for the same period in 2023.
The company reported a net loss of $87,675 for the three months and $244,395 for the six months ended December 31, 2024. This compares to a net loss of $173,254 for the three months and $387,501 for the six months ended December 31, 2023.
Hawkeye Systems Inc had a cash balance of $0 as of December 31, 2024, compared to $398 as of December 31, 2023. The company anticipates requiring additional funding for ongoing operations.
The filing details a debt consolidation agreement with Steve Hall, consolidating various historic loans into a new promissory note with an outstanding balance of $2,113,886 as of December 31, 2024.
The company is actively seeking investment opportunities in diversified industries, such as affordable housing development and technology applications to mitigate climate change effects.
The filing highlights the company's going concern status, with an accumulated deficit of approximately $12,931,599 as of December 31, 2024.
Hawkeye Systems Inc's management acknowledges the need for additional capital to fund operations and potential business combinations.
The company continues to explore options for raising funds through equity or debt securities to support its business plan.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Hawkeye Systems Inc quarterly 10-Q report dated January 28, 2025. To report an error, please email earnings@qz.com.