10-Q Filing

HAWKER ENERGY, INC. CIK: 1415286 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001214659-14-005096`
Period End Date	20140531
Filing Date	20140715
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	scgc-20140531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 65 Cash Flow Statement 62 Stockholders Equity 22

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation of machinery and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$18.39K	USD	Point-in-time
Accumulated depreciation of machinery and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.18K	USD	Point-in-time
Capitalized oil and gas properties accumulated depletion	`OilAndGasPropertyFullCostMethodDepletion`	$79.32K	USD	Point-in-time
Capitalized oil and gas properties accumulated depletion	`OilAndGasPropertyFullCostMethodDepletion`	$59.88K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.24K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$258.16K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.82K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$23.92K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$7.06K	USD	Point-in-time
Inventory	`InventoryNet`	$10.31K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.69M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.57K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.66K	USD	Point-in-time
Secured subordinated loan receivable, short term	`NotesAndLoansReceivableGrossCurrent`	-	USD	Point-in-time
Secured subordinated loan receivable, short term	`NotesAndLoansReceivableGrossCurrent`	$303.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.77K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$604.09K	USD	Point-in-time
Machinery and equipment, net of accumulated depreciation of $18,395 and $15,179, respectively	`PropertyPlantAndEquipmentNet`	$15.48K	USD	Point-in-time
Machinery and equipment, net of accumulated depreciation of $18,395 and $15,179, respectively	`PropertyPlantAndEquipmentNet`	$13.16K	USD	Point-in-time
Capitalized oil and gas properties, net of accumulated depletion of $79,324 and $59,878, respectively	`OilAndGasPropertyFullCostMethodNet`	$736.91K	USD	Point-in-time
Capitalized oil and gas properties, net of accumulated depletion of $79,324 and $59,878, respectively	`OilAndGasPropertyFullCostMethodNet`	$297.59K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$5.00K	USD	Point-in-time
Total assets	`Assets`	$1.36M	USD	Point-in-time
Total assets	`Assets`	$347.52K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$478.75K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$31.02K	USD	Point-in-time
Net profits interest payable, current portion	`NetProfitInterestPayableCurrent`	$19.57K	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`	$180.00K	USD	Point-in-time
Convertible note payable, short term	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible note payable, short term	`ConvertibleNotesPayableCurrent`	$300.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$978.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.13K	USD	Point-in-time
Loans payable to related parties, long term	`LongTermLoansPayable`	-	USD	Point-in-time
Loans payable to related parties, long term	`LongTermLoansPayable`	$89.83K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$103.30K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$164.82K	USD	Point-in-time
Net profits interest payable, long term portion	`NetProfitInterestPayableNoncurrent`	$154.05K	USD	Point-in-time
Net profits interest payable, long term portion	`NetProfitInterestPayableNoncurrent`	$112.49K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$305.62K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$318.87K	USD	Point-in-time
Total liabilities	`Liabilities`	$348.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.30M	USD	Point-in-time
Common stock; $0.001 par value; 750,000,000 shares authorized, 39,686,703 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common stock; $0.001 par value; 750,000,000 shares authorized, 39,686,703 shares issued and outstanding	`CommonStockValue`	$39.69K	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	$5.00K	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.02M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$350.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-351.23K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.00M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$63.92K	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`	$1.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$347.52K	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Oil revenues	`OilAndGasRevenue`	$33.94K	USD	1 Quarter
Oil revenues	`OilAndGasRevenue`	$35.76K	USD	1 Quarter
Oil revenues	`OilAndGasRevenue`	$57.37K	USD	3 Qtrs
Oil revenues	`OilAndGasRevenue`	$79.87K	USD	3 Qtrs
Direct operating costs	`DirectOperatingCosts`	$19.22K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$52.15K	USD	3 Qtrs
Direct operating costs	`DirectOperatingCosts`	$25.28K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$40.22K	USD	3 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.27K	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.74K	USD	3 Qtrs
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.25K	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.21K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$320.02K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$513.06K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$2.75K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$1.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$66.25K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.86K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$126.15K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.65K	USD	3 Qtrs
Equity compensation expense	`OtherCostAndExpenseOperating`	$15.00K	USD	1 Quarter
Equity compensation expense	`OtherCostAndExpenseOperating`	-	USD	3 Qtrs
Equity compensation expense	`OtherCostAndExpenseOperating`	$15.00K	USD	3 Qtrs
Equity compensation expense	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$77.29K	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$35.41K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$432.74K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$722.63K	USD	3 Qtrs
Net operating (loss)	`OperatingIncomeLoss`	$-642.76K	USD	3 Qtrs
Net operating (loss)	`OperatingIncomeLoss`	$-1.47K	USD	1 Quarter
Net operating (loss)	`OperatingIncomeLoss`	$-396.99K	USD	1 Quarter
Net operating (loss)	`OperatingIncomeLoss`	$-19.92K	USD	3 Qtrs
Interest (income)	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Interest (income)	`InvestmentIncomeInterest`	$827.00	USD	3 Qtrs
Interest (income)	`InvestmentIncomeInterest`	$827.00	USD	1 Quarter
Interest expense	`InterestExpense`	$3.18K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.37K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.12K	USD	3 Qtrs
Interest expense	`InterestExpense`	$9.75K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-3.18K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-3.54K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-9.75K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-10.29K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-29.67K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-653.05K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.65K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-400.53K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-29.67K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-400.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-653.05K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.65K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	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`	$-0.01	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.45M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.54M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.87M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.97M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-29.67K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-400.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-653.05K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.65K	USD	1 Quarter
Depletion, depreciation and amortization	`OtherDepreciationAndAmortization`	$12.67K	USD	3 Qtrs
Depletion, depreciation and amortization	`OtherDepreciationAndAmortization`	$20.65K	USD	3 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$8.09K	USD	Annual
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$6.07K	USD	3 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$7.56K	USD	3 Qtrs
Accretion of net profits interest liability	`AccretionExpense`	$12.87K	USD	Annual
Accretion of net profits interest liability	`AccretionExpense`	$9.75K	USD	3 Qtrs
Accretion of net profits interest liability	`AccretionExpense`	$9.88K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$15.00K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.34K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.61K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-3.03K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-3.83K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-10.71K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.40K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$329.58K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.83K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-260.25K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.13K	USD	3 Qtrs
Cash acquired in Sara Creek acquisition	`CashAcquiredFromAcquisition`	$6.00K	USD	3 Qtrs
Cash acquired in Sara Creek acquisition	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Cash acquired in Hawker acquisition	`CashAcquiredFromSecondAcquisition`	-	USD	3 Qtrs
Cash acquired in Hawker acquisition	`CashAcquiredFromSecondAcquisition`	$1.21K	USD	3 Qtrs
Acquisition of an additional working interest in DEEP Lease	`AcquisitionOfAdditionalWorkingInterest`	-	USD	3 Qtrs
Acquisition of an additional working interest in DEEP Lease	`AcquisitionOfAdditionalWorkingInterest`	$325.00K	USD	3 Qtrs
Secured subordinated loan receivable	`PaymentsForProceedsFromLoansReceivable`	-	USD	3 Qtrs
Secured subordinated loan receivable	`PaymentsForProceedsFromLoansReceivable`	$302.31K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-620.09K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Loan from related party	`ProceedsFromRelatedPartyDebt`	$17.50K	USD	3 Qtrs
Loan from related party	`ProceedsFromRelatedPartyDebt`	$180.00K	USD	3 Qtrs
Net proceeds from unit offering	`NetProceedsFromUnitOffering`	$669.90K	USD	3 Qtrs
Net proceeds from unit offering	`NetProceedsFromUnitOffering`	-	USD	3 Qtrs
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$19.70K	USD	3 Qtrs
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$23.91K	USD	Annual
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$17.95K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$300.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-453.00	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.13M	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.58K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$249.87K	USD	3 Qtrs
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.24K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$258.16K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$7.82K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$2.24K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$258.16K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$7.82K	USD	Point-in-time
Interest paid	`InterestPaid`	$9.75K	USD	3 Qtrs
Interest paid	`InterestPaid`	$9.88K	USD	3 Qtrs
Units issued to settle loans from related parties	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs
Units issued to settle loans from related parties	`DebtConversionConvertedInstrumentAmount1`	$135.31K	USD	3 Qtrs
Units issued to settle accounts payable	`ConversionOfStockAmountIssued1`	-	USD	3 Qtrs
Units issued to settle accounts payable	`ConversionOfStockAmountIssued1`	$31.56K	USD	3 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$63.92K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.23K	USD	Point-in-time
Balance	`StockholdersEquity`	$40.77K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	39.69M	shares	Point-in-time
Recapitalization on completion of acquisition of SCNRG	`StockIssuedDuringPeriodValueAcquisitions`	$1.63K	USD	3 Qtrs
Issued to acquire Hawker	`StockIssuedDuringPeriodValueSecondAcquisition`	$-135.20K	USD	3 Qtrs
Issuance of common stock payable	`StockIssuedDuringPeriodValueOther`	-	USD	3 Qtrs
Net proceeds from unit offering	`StockIssuedDuringPeriodValueNewIssues`	$831.77K	USD	3 Qtrs
Proceeds received for common stock payable	`StockIssuedDuringPeriodValueAccountsPayable`	$5.00K	USD	3 Qtrs
Stock compensation	`ShareBasedCompensation`	$15.00K	USD	3 Qtrs
Stock compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-29.67K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-400.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-653.05K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.65K	USD	1 Quarter
Balance	`StockholdersEquity`	$63.92K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.23K	USD	Point-in-time
Balance	`StockholdersEquity`	$40.77K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	39.69M	shares	Point-in-time

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