10-Q Filing

HAWKER ENERGY, INC. CIK: 1415286 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001214659-15-000409`
Period End Date	20141130
Filing Date	20150120
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	hwkr-20141130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 37 Cash Flow Statement 59 Stockholders Equity 28

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation of fixed asets	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$20.82K	USD	Point-in-time
Accumulated depreciation of fixed asets	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$19.61K	USD	Point-in-time
Capitalized oil and gas properties accumulated depletion	`OilAndGasPropertyFullCostMethodDepletion`	$93.18K	USD	Point-in-time
Capitalized oil and gas properties accumulated depletion	`OilAndGasPropertyFullCostMethodDepletion`	$86.19K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.21K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$18.79K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$40.67K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$42.81K	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
Common stock, shares issued	`CommonStockSharesIssued`	74.67M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.17M	shares	Point-in-time
Inventory	`InventoryNet`	$6.45K	USD	Point-in-time
Inventory	`InventoryNet`	$6.09K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.17M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	74.67M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.76K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$22.39K	USD	Point-in-time
Secured subordinated loan receivable, short term	`NotesAndLoansReceivableGrossCurrent`	$1.30M	USD	Point-in-time
Secured subordinated loan receivable, short term	`NotesAndLoansReceivableGrossCurrent`	$1.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.56M	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $20,815 and $19,605, respectively	`PropertyPlantAndEquipmentNet`	$14.27K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $20,815 and $19,605, respectively	`PropertyPlantAndEquipmentNet`	$22.31K	USD	Point-in-time
Capitalized oil and gas properties, net of accumulated depletion of $93,176 and $86,193, respectively	`OilAndGasPropertyFullCostMethodNet`	$730.05K	USD	Point-in-time
Capitalized oil and gas properties, net of accumulated depletion of $93,176 and $86,193, respectively	`OilAndGasPropertyFullCostMethodNet`	$723.06K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$5.00K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$5.00K	USD	Point-in-time
Total assets	`Assets`	$2.13M	USD	Point-in-time
Total assets	`Assets`	$2.31M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$813.44K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Accrued bonuses	`EmployeeRelatedLiabilitiesCurrent`	$480.00K	USD	Point-in-time
Accrued bonuses	`EmployeeRelatedLiabilitiesCurrent`	$480.00K	USD	Point-in-time
Net profits interest payable, current portion	`NetProfitInterestPayableCurrent`	$20.07K	USD	Point-in-time
Net profits interest payable, current portion	`NetProfitInterestPayableCurrent`	$20.57K	USD	Point-in-time
Loans payable to related parties, short term	`LoansPayableCurrent`	$332.18K	USD	Point-in-time
Loans payable to related parties, short term	`LoansPayableCurrent`	$226.88K	USD	Point-in-time
Convertible notes payable, short term	`ConvertibleNotesPayableCurrent`	$951.60K	USD	Point-in-time
Convertible notes payable, short term	`ConvertibleNotesPayableCurrent`	$1.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.14M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$168.11K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$171.68K	USD	Point-in-time
Net profits interest payable, long term portion	`NetProfitInterestPayableNoncurrent`	$149.04K	USD	Point-in-time
Net profits interest payable, long term portion	`NetProfitInterestPayableNoncurrent`	$143.70K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$315.39K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$317.15K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.81M	USD	Point-in-time
Common stock; $0.001 par value; 750,000,000 shares authorized, 74,674,703 and 41,174,703 shares issued and outstanding, respectively	`CommonStockValue`	$41.17K	USD	Point-in-time
Common stock; $0.001 par value; 750,000,000 shares authorized, 74,674,703 and 41,174,703 shares issued and outstanding, respectively	`CommonStockValue`	$74.67K	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	$50.00K	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.22M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$2.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.05M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-731.99K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.27M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$55.00K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$135.47K	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.14M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.23K	USD	Point-in-time
Total equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-676.99K	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.13M	USD	Point-in-time
Total liabilities and equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.31M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Oil revenues	`OilAndGasRevenue`	$25.76K	USD	1 Quarter
Oil revenues	`OilAndGasRevenue`	$10.29K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$12.97K	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$16.00K	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.04K	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$71.07K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$430.56K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.23K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$74.53K	USD	1 Quarter
Equity compensation expense	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Equity compensation expense	`OtherCostAndExpenseOperating`	$1.09M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$98.38K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.62M	USD	1 Quarter
Net operating (loss)	`OperatingIncomeLoss`	$-72.62K	USD	1 Quarter
Net operating (loss)	`OperatingIncomeLoss`	$-1.61M	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	$10.50K	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$3.41K	USD	1 Quarter
Interest expense	`InterestExpense`	$39.46K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-3.41K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-28.96K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-76.03K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.64M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-76.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.64M	USD	1 Quarter
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.53K	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.70M	USD	Annual
Net loss attributable to the Company	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.63M	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-76.03K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.65M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	60.06M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss before loss attributable to non-controlling interest	`NetIncomeLoss`	$-76.03K	USD	1 Quarter
Net loss before loss attributable to non-controlling interest	`NetIncomeLoss`	$-1.64M	USD	1 Quarter
Depletion, depreciation and amortization	`OtherDepreciationAndAmortization`	$7.46K	USD	1 Quarter
Depletion, depreciation and amortization	`OtherDepreciationAndAmortization`	$5.92K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$2.19K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$3.57K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$10.85K	USD	Annual
Accretion of net profits interest liability	`AccretionExpense`	$3.04K	USD	1 Quarter
Accretion of net profits interest liability	`AccretionExpense`	$14.10K	USD	Annual
Accretion of net profits interest liability	`AccretionExpense`	$4.10K	USD	1 Quarter
Equity compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Equity compensation expense	`ShareBasedCompensation`	$1.09M	USD	1 Quarter
Equity compensation expense	`ShareBasedCompensation`	$68.76K	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	$13.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.49K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.14K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-3.43K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-369.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.29K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.63K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$487.72K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$71.10K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.79K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.45K	USD	1 Quarter
Cash acquired in Hawker acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash acquired in Hawker acquisition	`CashAcquiredFromAcquisition`	$6.00K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.25K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Secured subordinated loan receivable	`PaymentsForProceedsFromLoansReceivable`	-	USD	1 Quarter
Secured subordinated loan receivable	`PaymentsForProceedsFromLoansReceivable`	$196.62K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-205.88K	USD	1 Quarter
Loans from related parties, short term	`ProceedsFromRelatedPartyShortTermDebt`	-	USD	1 Quarter
Loans from related parties, short term	`ProceedsFromRelatedPartyShortTermDebt`	$105.00K	USD	1 Quarter
Repayment of loans from related parties, short term	`RepaymentsOfRelatedPartyShortTermDebt`	-	USD	1 Quarter
Repayment of loans from related parties, short term	`RepaymentsOfRelatedPartyShortTermDebt`	$10.00K	USD	1 Quarter
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$5.96K	USD	1 Quarter
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$28.44K	USD	Annual
Payments on net profits interest agreement	`PaymentsForNetProfitsInterestAgreement`	$8.93K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$50.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from sale of non-controlling interest	`ProceedsFromMinorityShareholders`	-	USD	1 Quarter
Proceeds from sale of non-controlling interest	`ProceedsFromMinorityShareholders`	$90.00K	USD	1 Quarter
Proceeds from sale of non-controlling interest	`ProceedsFromMinorityShareholders`	$55.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$226.07K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.96K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.49K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.60K	USD	1 Quarter
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$13.21K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$18.79K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.60K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$13.21K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$18.79K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$6.60K	USD	Point-in-time
Cash, end	`CashAndCashEquivalentsAtCarryingValue`	$8.30K	USD	Point-in-time
Interest paid	`InterestPaid`	$3.04K	USD	1 Quarter
Interest paid	`InterestPaid`	$4.10K	USD	1 Quarter

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.14M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.23K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-676.99K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	41.17M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	74.67M	shares	Point-in-time
Recapitalization on completion of acquisition of SCNRG	`StockIssuedDuringPeriodValueAcquisitions`	$1.63K	USD	Annual
Issued to acquire Hawker Energy (Rincon), LLC	`StockIssuedDuringPeriodValueSecondAcquisition`	$-135.20K	USD	Annual
Issuance of common stock payable	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Net proceeds from unit offering	`StockIssuedDuringPeriodValueNewIssues`	$980.29K	USD	Annual
Proceeds received for common stock payable	`StockIssuedDuringPeriodValueAccountsPayable`	$50.00K	USD	Annual
Proceeds received for common stock payable	`StockIssuedDuringPeriodValueAccountsPayable`	$-80.00	USD	1 Quarter
Equity compensation pursuant to HERLLC Option Agreement	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.03M	USD	1 Quarter
Stock option compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock option compensation	`ShareBasedCompensation`	$1.09M	USD	1 Quarter
Stock option compensation	`ShareBasedCompensation`	$68.76K	USD	Annual
Sale of non-controlling interest	`ProceedsFromMinorityShareholders`	-	USD	1 Quarter
Sale of non-controlling interest	`ProceedsFromMinorityShareholders`	$90.00K	USD	1 Quarter
Sale of non-controlling interest	`ProceedsFromMinorityShareholders`	$55.00K	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.53K	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.70M	USD	Annual
Net loss attributable to the Company	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.63M	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-76.03K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.14M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.23K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-676.99K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	41.17M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	74.67M	shares	Point-in-time

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