10-Q Filing

HAWKER ENERGY, INC. CIK: 1415286 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001214659-14-002734`
Period End Date	20140228
Filing Date	20140410
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	scgc-20140228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 57 Cash Flow Statement 54 Stockholders Equity 20

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation of machinery and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.18K	USD	Point-in-time
Accumulated depreciation of machinery and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$17.25K	USD	Point-in-time
Capitalized oil and gas properties accumulated depletion	`OilAndGasPropertyFullCostMethodDepletion`	$59.88K	USD	Point-in-time
Capitalized oil and gas properties accumulated depletion	`OilAndGasPropertyFullCostMethodDepletion`	$71.21K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.82K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.96K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$74.29K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.80K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.75K	USD	Point-in-time
Inventory	`InventoryNet`	$9.84K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	-	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.74M	shares	Point-in-time
Inventory	`InventoryNet`	$7.06K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.74M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$17.92K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.66K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$113.85K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.77K	USD	Point-in-time
Machinery and equipment, net of accumulated depreciation of $17,245 and $15,179, respecitvely	`PropertyPlantAndEquipmentNet`	$13.16K	USD	Point-in-time
Machinery and equipment, net of accumulated depreciation of $17,245 and $15,179, respecitvely	`PropertyPlantAndEquipmentNet`	$14.62K	USD	Point-in-time
Capitalized oil and gas properties, net of accumulated depletion of $71,209 and $59,878, respectively	`OilAndGasPropertyFullCostMethodNet`	$297.59K	USD	Point-in-time
Capitalized oil and gas properties, net of accumulated depletion of $71,209 and $59,878, respectively	`OilAndGasPropertyFullCostMethodNet`	$578.96K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$5.00K	USD	Point-in-time
Total assets	`Assets`	$712.43K	USD	Point-in-time
Total assets	`Assets`	$347.52K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$202.82K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$31.02K	USD	Point-in-time
Net profits interest payable, current portion	`NetProfitInterestPayableCurrent`	$16.64K	USD	Point-in-time
Net profits interest payable, current portion	`NetProfitInterestPayableCurrent`	$12.11K	USD	Point-in-time
Loans payable to related parties, short term	`LoansPayableCurrent`	-	USD	Point-in-time
Loans payable to related parties, short term	`LoansPayableCurrent`	$13.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$232.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.13K	USD	Point-in-time
Loans payable to related parties, long term	`LongTermLoansPayable`	$89.83K	USD	Point-in-time
Loans payable to related parties, long term	`LongTermLoansPayable`	$90.57K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$103.30K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$140.82K	USD	Point-in-time
Net profits interest payable, long term portion	`NetProfitInterestPayableNoncurrent`	$138.87K	USD	Point-in-time
Net profits interest payable, long term portion	`NetProfitInterestPayableNoncurrent`	$112.49K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$370.26K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$305.62K	USD	Point-in-time
Total liabilities	`Liabilities`	$348.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$602.73K	USD	Point-in-time
Common stock; $0.001 par value; 750,000,000 shares authorized, 35,736,983 shares issued and outstanding	`CommonStockValue`	$35.74K	USD	Point-in-time
Common stock; $0.001 par value; 750,000,000 shares authorized, 35,736,983 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	$40.00K	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$637.71K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$350.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-603.75K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-351.23K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$109.70K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.23K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$40.77K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$347.52K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$712.43K	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Oil revenues	`OilAndGasRevenue`	$18.35K	USD	1 Quarter
Oil revenues	`OilAndGasRevenue`	$44.11K	USD	2 Qtrs
Oil revenues	`OilAndGasRevenue`	$23.43K	USD	2 Qtrs
Oil revenues	`OilAndGasRevenue`	-	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$8.02K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$26.87K	USD	2 Qtrs
Direct operating costs	`DirectOperatingCosts`	$20.99K	USD	2 Qtrs
Direct operating costs	`DirectOperatingCosts`	$14.58K	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.47K	USD	2 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.96K	USD	2 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.85K	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.91K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$630.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$193.04K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$121.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.75K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$53.66K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$995.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$59.90K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.79K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$20.12K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$191.50K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$41.88K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$289.89K	USD	2 Qtrs
Net operating (loss)	`OperatingIncomeLoss`	$-18.45K	USD	2 Qtrs
Net operating (loss)	`OperatingIncomeLoss`	$-245.78K	USD	2 Qtrs
Net operating (loss)	`OperatingIncomeLoss`	$-20.12K	USD	1 Quarter
Net operating (loss)	`OperatingIncomeLoss`	$-173.16K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.57K	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.75K	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.33K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-6.57K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-3.25K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-6.75K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-3.33K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.02K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-23.37K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-252.52K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-176.49K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.02K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-41.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-252.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-176.49K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.37K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.38M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.48M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.40M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-25.02K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-41.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-252.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-176.49K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.37K	USD	1 Quarter
Depletion, depreciation and amortization	`OtherDepreciationAndAmortization`	$11.34K	USD	2 Qtrs
Depletion, depreciation and amortization	`OtherDepreciationAndAmortization`	$7.42K	USD	2 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$8.09K	USD	Annual
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$4.62K	USD	2 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$4.05K	USD	2 Qtrs
Accretion of net profits interest liability	`AccretionExpense`	$6.57K	USD	2 Qtrs
Accretion of net profits interest liability	`AccretionExpense`	$6.01K	USD	2 Qtrs
Accretion of net profits interest liability	`AccretionExpense`	$12.87K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.06K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.51K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$7.95K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-714.00	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.00	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.36K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.13K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.01K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-203.84K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.14K	USD	2 Qtrs
Cash acquired in Sara Creek acquisition	`CashAcquiredFromAcquisition`	-	USD	2 Qtrs
Cash acquired in Sara Creek acquisition	`CashAcquiredFromAcquisition`	$6.00K	USD	2 Qtrs
Acquisition of an additional working interest in DEEP Lease	`AcquisitionOfAdditionalWorkingInterest`	-	USD	2 Qtrs
Acquisition of an additional working interest in DEEP Lease	`AcquisitionOfAdditionalWorkingInterest`	$200.00K	USD	2 Qtrs
Cash acquired in Hawker acquisition	`CashAcquiredFromSecondAcquisition`	-	USD	2 Qtrs
Cash acquired in Hawker acquisition	`CashAcquiredFromSecondAcquisition`	$1.21K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-192.78K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net proceeds from unit offering	`NetProceedsFromUnitOffering`	-	USD	2 Qtrs
Net proceeds from unit offering	`NetProceedsFromUnitOffering`	$434.52K	USD	2 Qtrs
Proceeds from unit offering to be closed	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from unit offering to be closed	`ProceedsFromIssuanceOfCommonStock`	$40.00K	USD	2 Qtrs
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$11.91K	USD	2 Qtrs
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$23.91K	USD	Annual
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$11.99K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.99K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$462.61K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$65.99K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.86K	USD	2 Qtrs
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$7.82K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.96K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$74.29K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$7.82K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$1.96K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$74.29K	USD	Point-in-time
Interest paid	`InterestPaid`	$6.01K	USD	2 Qtrs
Interest paid	`InterestPaid`	$6.57K	USD	2 Qtrs
Units issued to settle accounts payable	`ConversionOfStockAmountIssued1`	-	USD	2 Qtrs
Units issued to settle accounts payable	`ConversionOfStockAmountIssued1`	$22.50K	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$109.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.23K	USD	Point-in-time
Balance	`StockholdersEquity`	$40.77K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	35.74M	shares	Point-in-time
Recapitalization on completion of acquisition of SCNRG	`StockIssuedDuringPeriodValueAcquisitions`	$1.63K	USD	2 Qtrs
Issued to acquire Hawker	`StockIssuedDuringPeriodValueSecondAcquisition`	$-135.20K	USD	2 Qtrs
Issuance of common stock payable	`StockIssuedDuringPeriodValueOther`	-	USD	2 Qtrs
Net proceeds from unit offering	`StockIssuedDuringPeriodValueNewIssues`	$457.02K	USD	2 Qtrs
Proceeds received for common stock payable	`StockIssuedDuringPeriodValueAccountsPayable`	$40.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-25.02K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-41.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-252.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-176.49K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.37K	USD	1 Quarter
Balance	`StockholdersEquity`	$109.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.23K	USD	Point-in-time
Balance	`StockholdersEquity`	$40.77K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	35.74M	shares	Point-in-time

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