Document And Entity Information
Document And Entity Information - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Feb. 23, 2018 | Jun. 30, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | Hawk Street Acquisition Corp | ||
Entity Central Index Key | 1,681,302 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding (in shares) | 5,500,000 | ||
Entity Public Float | $ 0 | ||
Document Type | 10-K/A | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | true | ||
Amendment Description | This Amendment No. 1 on Form 10-K/A (Amendment No. 1) is being filed to amend our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (Original Filing), filed with the U.S. Securities and Exchange Commission on April 17, 2017 (Original Filing Date). The sole purpose of this Amendment No. 1 is to revise the filing in response to certain comments received from the Staff of the Commission. Except as described above and except for the inclusion of financial information in XBRL data format, no changes have been made to the Original Filing and this Amendment No. 1 does not modify, amend or update in any way any of the financial or other information contained in the Original Filing. This Amendment No. 1 does not reflect events that may have occurred subsequent to the Original Filing Date. |
Balance Sheet
Balance Sheet | Dec. 31, 2016USD ($) |
Current assets | |
Cash | |
Total assets | |
Current liabilities | |
Accrued liabilities | 5,750 |
Total liabilities | 5,750 |
Stockholders' deficit | |
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; none outstanding as of December 31, 2016 | |
Common stock, $0.0001 par value, 100,000,000 shares authorized; 20,000,000 shares issued and outstanding as of December 31, 2016 | 2,000 |
Additional paid-in capital | 312 |
Accumulatd deficit | (8,062) |
Total stockholders' deficit | (5,750) |
Total liabilities and stockholders' deficit |
Balance Sheet (Parentheticals)
Balance Sheet (Parentheticals) | Dec. 31, 2016$ / sharesshares |
Preferred stock, par value (in dollars per share) | $ / shares | $ 0.0001 |
Preferred stock, shares authorized (in shares) | 20,000,000 |
Preferred stock, shares outstanding (in shares) | 0 |
Common stock, par value (in dollars per share) | $ / shares | $ 0.0001 |
Common stock, shares authorized (in shares) | 100,000,000 |
Common stock, shares issued (in shares) | 20,000,000 |
Common stock, shares outstanding (in shares) | 20,000,000 |
Statement of Operations
Statement of Operations | 5 Months Ended |
Dec. 31, 2016USD ($)$ / sharesshares | |
Revenue | |
Cost of revenue | |
Gross profit | |
Operating expenses | 8,062 |
Operating loss | (8,062) |
Loss before income taxes | (8,062) |
Income tax expense | |
Net loss | $ (8,062) |
Loss per share - basic and diluted (in dollars per share) | $ / shares | $ 0 |
Weighted average shares-basic and diluted (in shares) | shares | 20,000,000 |
Statement of Stockholders' Defi
Statement of Stockholders' Deficit - 5 months ended Dec. 31, 2016 - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Jul. 22, 2016 | ||||
Balance at Jul. 22, 2016 | ||||
Issuance of common stock for service (in shares) | 20,000,000 | |||
Issuance of common stock for service | $ 2,000 | 2,000 | ||
Additional paid-in capital | 312 | 312 | ||
Net loss | (8,062) | (8,062) | ||
Balance (in shares) at Dec. 31, 2016 | 20,000,000 | |||
Balance at Dec. 31, 2016 | $ 2,000 | $ 312 | $ (8,062) | $ (5,750) |
Statement of Cash Flows
Statement of Cash Flows | 5 Months Ended |
Dec. 31, 2016USD ($) | |
OPERATING ACTIVITIES | |
Net loss | $ (8,062) |
Non-cash adjustments to reconcile net loss to net cash: | |
Expenses paid for by stockholder and contributed as capital | 312 |
Common Stock issued for services | 2,000 |
Changes in Operating Assets and Liabilities: | |
Accrued liability | (5,750) |
Net cash (used in) operating activities | |
Net increase in cash | |
Cash, beginning of period | |
Cash, end of period | |
SUPPLEMENTAL DISCLOSURES: | |
Income Tax | |
Interest |
Note 1 - Nature of Operations a
Note 1 - Nature of Operations and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | NOTE 1 NATURE OF OPERATIONS Hawk Street Acquisition Corpora tion ('Hawk" or the "Company") was July 22, 2016 not not may 351 368 1986, No 1934. BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company's financial statements. Such financial statements and accompanying notes are the representations of the Company's management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America ("GAAP") in all material respects, and have been consistently applied in preparing the accompanying financial statements. The Company has not 915, 915, December 31 USE OF ESTIMATES The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 not December 31, 2016. CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not December 31, 2016. INCOME TAXES Under ASC 740, not not December 31, 2016 no LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of December 31, 2016, no FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 3 three Level 1 Level 2 1 Level 3 |
Note 2 - Going Concern
Note 2 - Going Concern | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 2 The Company has not $8,062 December 31, 2016. $5,750 $8,062 December 31, 2016. may The accompanying financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Company's ability to do so. The financial statements do not may In order to maintain its current level of operations, the Company will require additional working capital from either cash flow from operations or from the sale of its equity. However, the Company currently has no third |
Note 3 - Recent Accounting Pron
Note 3 - Recent Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | NOTE 3 In November 2016, No. 2016 18, 230 2016 18" 2016 18 December 15, 2017. 2016 18, In August 2016, 2016 15, 230 2016 15" 2016 15 eight 2016 15 December 15, 2017. 2016 15 In August 2014, No. 2014 15, 205 40 December 15, 2016, December 15, 2016. not Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not not |
Note 4 - Accrued Liabilities
Note 4 - Accrued Liabilities | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Accrued Liabilities [Text Block] | NOTE 4 As of December 31, 2016, $5,750. |
Note 5 - Stockholders' Deficit
Note 5 - Stockholders' Deficit | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 5 On July 22, 2016, 20,000,000 two $0.0001 $2,000. 100,000,000 20,000,000 December 31, 2016, 20,000,000 no |
Note 6 - Subsequent Event
Note 6 - Subsequent Event | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 5 On February 27, 2017, 19,500,000 20,000,000 On February 28, 2017, 4,800,000 200,000 Manageme nt has evaluated subsequent events through April 17, 2017 December 31, 2016 855, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Nature of Operations [Policy Text Block] | NATURE OF OPERATIONS Hawk Street Acquisition Corpora tion ('Hawk" or the "Company") was July 22, 2016 not not may 351 368 1986, No 1934. |
Basis of Accounting, Policy [Policy Text Block] | BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company's financial statements. Such financial statements and accompanying notes are the representations of the Company's management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America ("GAAP") in all material respects, and have been consistently applied in preparing the accompanying financial statements. The Company has not 915, 915, December 31 |
Use of Estimates, Policy [Policy Text Block] | USE OF ESTIMATES The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. |
Cash and Cash Equivalents, Policy [Policy Text Block] | CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 not December 31, 2016. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not December 31, 2016. |
Income Tax, Policy [Policy Text Block] | INCOME TAXES Under ASC 740, not not December 31, 2016 no |
Earnings Per Share, Policy [Policy Text Block] | LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of December 31, 2016, no |
Fair Value of Financial Instruments, Policy [Policy Text Block] | FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 3 three Level 1 Level 2 1 Level 3 |
Note 1 - Nature of Operations14
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details Textual) shares in Thousands, $ in Thousands | 12 Months Ended |
Dec. 31, 2016USD ($)shares | |
Cash Equivalents, at Carrying Value | $ 0 |
Cash, Uninsured Amount | 0 |
Deferred Tax Assets, Net of Valuation Allowance | $ 0 |
Weighted Average Number of Shares Outstanding, Diluted | shares | 0 |
Note 2 - Going Concern (Details
Note 2 - Going Concern (Details Textual) | 5 Months Ended |
Dec. 31, 2016USD ($) | |
Operating Income (Loss) | $ (8,062) |
Working Capital | (5,750) |
Retained Earnings (Accumulated Deficit) | $ (8,062) |
Note 4 - Accrued Liabilities (D
Note 4 - Accrued Liabilities (Details Textual) | Dec. 31, 2016USD ($) |
Accrued Professional Fees | $ 5,750 |
Note 5 - Stockholders' Deficit
Note 5 - Stockholders' Deficit (Details Textual) - USD ($) | Jul. 22, 2016 | Dec. 31, 2016 |
Stock Issued During Period, Shares, Issued for Services | 20,000,000 | |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Stock Issued During Period, Value, Issued for Services | $ 2,000 | $ 2,000 |
Common Stock, Shares Authorized | 100,000,000 | 100,000,000 |
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 |
Common Stock, Shares, Issued | 20,000,000 | |
Preferred Stock, Shares Issued | 0 | |
Common Stock, Shares, Outstanding | 20,000,000 | |
Preferred Stock, Shares Outstanding | 0 |
Note 6 - Subsequent Event (Deta
Note 6 - Subsequent Event (Details Textual) - shares | Feb. 28, 2017 | Feb. 27, 2017 | Dec. 31, 2016 |
Common Stock, Shares, Outstanding | 20,000,000 | ||
Subsequent Event [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures | 19,500,000 | ||
Subsequent Event [Member] | Officer and Director [Member] | |||
Stock Issued During Period, Shares, New Issues | 4,800,000 | ||
Subsequent Event [Member] | David Wise [Member] | |||
Stock Issued During Period, Shares, New Issues | 200,000 |