10-K Filing

New Horizon Aircraft Ltd. CIK: 1930021 FY 2024

Filing Information

Form Type	10-K
Accession Number	`0001213900-24-069692`
Period End Date	20240531
Filing Date	20240815
Fiscal Year	2024
Fiscal Period	FY
XBRL Instance	ea0210610-10k_newhorizon_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 64 Cash Flow Statement 120 Stockholders Equity 40

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	228,000.00	CAD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	228,000.00	CAD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	1.82M	CAD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	1.82M	CAD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	2.43M	CAD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	2.43M	CAD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	3,000.00	CAD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	3,000.00	CAD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	15,000.00	CAD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	15,000.00	CAD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	417,000.00	CAD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	417,000.00	CAD	Point-in-time
Total current assets	`AssetsCurrent`	4.66M	CAD	Point-in-time
Total current assets	`AssetsCurrent`	4.66M	CAD	Point-in-time
Total current assets	`AssetsCurrent`	246,000.00	CAD	Point-in-time
Total current assets	`AssetsCurrent`	246,000.00	CAD	Point-in-time
Finance lease assets	`FinanceLeaseRightOfUseAsset`	-	CAD	Point-in-time
Finance lease assets	`FinanceLeaseRightOfUseAsset`	-	CAD	Point-in-time
Finance lease assets	`FinanceLeaseRightOfUseAsset`	21,000.00	CAD	Point-in-time
Finance lease assets	`FinanceLeaseRightOfUseAsset`	21,000.00	CAD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	121,000.00	CAD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	121,000.00	CAD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	75,000.00	CAD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	75,000.00	CAD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	205,000.00	CAD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	205,000.00	CAD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	52,000.00	CAD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	52,000.00	CAD	Point-in-time
Total Assets	`Assets`	4.94M	CAD	Point-in-time
Total Assets	`Assets`	4.94M	CAD	Point-in-time
Total Assets	`Assets`	440,000.00	CAD	Point-in-time
Total Assets	`Assets`	440,000.00	CAD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	715,000.00	CAD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	715,000.00	CAD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	172,000.00	CAD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	172,000.00	CAD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	48,000.00	CAD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	48,000.00	CAD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	574,000.00	CAD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	574,000.00	CAD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	-	CAD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	-	CAD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	3,000.00	CAD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	3,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	44,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	44,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	46,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	46,000.00	CAD	Point-in-time
Term loan	`ShortTermBorrowings`	40,000.00	CAD	Point-in-time
Term loan	`ShortTermBorrowings`	40,000.00	CAD	Point-in-time
Term loan	`ShortTermBorrowings`	-	CAD	Point-in-time
Term loan	`ShortTermBorrowings`	-	CAD	Point-in-time
Promissory note payable	`NotesPayableCurrent`	-	CAD	Point-in-time
Promissory note payable	`NotesPayableCurrent`	-	CAD	Point-in-time
Promissory note payable	`NotesPayableCurrent`	37,000.00	CAD	Point-in-time
Promissory note payable	`NotesPayableCurrent`	37,000.00	CAD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	-	CAD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	-	CAD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	1.14M	CAD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	1.14M	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	1.33M	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	1.33M	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	1.49M	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	1.49M	CAD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	970,000.00	CAD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	970,000.00	CAD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	576,000.00	CAD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	576,000.00	CAD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	-	CAD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	-	CAD	Point-in-time
Promissory note payable	`LongTermNotesPayable`	263,000.00	CAD	Point-in-time
Promissory note payable	`LongTermNotesPayable`	263,000.00	CAD	Point-in-time
Promissory note payable	`LongTermNotesPayable`	-	CAD	Point-in-time
Promissory note payable	`LongTermNotesPayable`	-	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	74,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	74,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	30,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	30,000.00	CAD	Point-in-time
Total Liabilities	`Liabilities`	22.88M	CAD	Point-in-time
Total Liabilities	`Liabilities`	22.88M	CAD	Point-in-time
Total Liabilities	`Liabilities`	1.82M	CAD	Point-in-time
Total Liabilities	`Liabilities`	1.82M	CAD	Point-in-time
Class A ordinary shares, no par value; 100,000,000 shares authorized; 18,607,931 issued and outstanding (5,075,420 as of May 31, 2023)	`CommonStockValue`	5.08M	CAD	Point-in-time
Class A ordinary shares, no par value; 100,000,000 shares authorized; 18,607,931 issued and outstanding (5,075,420 as of May 31, 2023)	`CommonStockValue`	5.08M	CAD	Point-in-time
Class A ordinary shares, no par value; 100,000,000 shares authorized; 18,607,931 issued and outstanding (5,075,420 as of May 31, 2023)	`CommonStockValue`	74.41M	CAD	Point-in-time
Class A ordinary shares, no par value; 100,000,000 shares authorized; 18,607,931 issued and outstanding (5,075,420 as of May 31, 2023)	`CommonStockValue`	74.41M	CAD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-77.66M	CAD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-77.66M	CAD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	55,000.00	CAD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	55,000.00	CAD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-6.52M	CAD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-6.52M	CAD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-14.68M	CAD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-14.68M	CAD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-2.17M	CAD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-2.17M	CAD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-17.93M	CAD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-17.93M	CAD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-1.39M	CAD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-1.39M	CAD	Point-in-time
Total Liabilities and Shareholders (Deficit)	`LiabilitiesAndStockholdersEquity`	440,000.00	CAD	Point-in-time
Total Liabilities and Shareholders (Deficit)	`LiabilitiesAndStockholdersEquity`	440,000.00	CAD	Point-in-time
Total Liabilities and Shareholders (Deficit)	`LiabilitiesAndStockholdersEquity`	4.94M	CAD	Point-in-time
Total Liabilities and Shareholders (Deficit)	`LiabilitiesAndStockholdersEquity`	4.94M	CAD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Diluted weighted average Common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	Annual
Diluted weighted average Common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	Annual
Diluted weighted average Common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.33M	shares	Annual
Diluted weighted average Common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.33M	shares	Annual
Diluted net loss per share, Common shares	`EarningsPerShareDiluted`	-0.17	CAD	Annual
Diluted net loss per share, Common shares	`EarningsPerShareDiluted`	-0.17	CAD	Annual
Research and development	`ResearchAndDevelopmentExpense`	676,000.00	CAD	Annual
Research and development	`ResearchAndDevelopmentExpense`	676,000.00	CAD	Annual
Research and development	`ResearchAndDevelopmentExpense`	880,000.00	CAD	Annual
Research and development	`ResearchAndDevelopmentExpense`	880,000.00	CAD	Annual
Diluted net loss per share, Common shares	`EarningsPerShareDiluted`	-0.76	CAD	Annual
Diluted net loss per share, Common shares	`EarningsPerShareDiluted`	-0.76	CAD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	787,000.00	CAD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	787,000.00	CAD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	3.74M	CAD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	3.74M	CAD	Annual
Total operating expenses	`OperatingExpenses`	1.46M	CAD	Annual
Total operating expenses	`OperatingExpenses`	1.46M	CAD	Annual
Total operating expenses	`OperatingExpenses`	4.62M	CAD	Annual
Total operating expenses	`OperatingExpenses`	4.62M	CAD	Annual
Loss from operations	`OperatingIncomeLoss`	-4.62M	CAD	Annual
Loss from operations	`OperatingIncomeLoss`	-4.62M	CAD	Annual
Loss from operations	`OperatingIncomeLoss`	-1.46M	CAD	Annual
Loss from operations	`OperatingIncomeLoss`	-1.46M	CAD	Annual
Other income	`OtherNonoperatingIncomeExpense`	575,000.00	CAD	Annual
Other income	`OtherNonoperatingIncomeExpense`	575,000.00	CAD	Annual
Other income	`OtherNonoperatingIncomeExpense`	290,000.00	CAD	Annual
Other income	`OtherNonoperatingIncomeExpense`	290,000.00	CAD	Annual
Interest expenses (income), net	`InterestIncomeExpenseNonoperatingNet`	-74,000.00	CAD	Annual
Interest expenses (income), net	`InterestIncomeExpenseNonoperatingNet`	-74,000.00	CAD	Annual
Interest expenses (income), net	`InterestIncomeExpenseNonoperatingNet`	-163,000.00	CAD	Annual
Interest expenses (income), net	`InterestIncomeExpenseNonoperatingNet`	-163,000.00	CAD	Annual
Warrant income	`FairValueAdjustmentOfWarrants`	-394,000.00	CAD	Annual
Warrant income	`FairValueAdjustmentOfWarrants`	-394,000.00	CAD	Annual
Warrant income	`FairValueAdjustmentOfWarrants`	-	CAD	Annual
Warrant income	`FairValueAdjustmentOfWarrants`	-	CAD	Annual
Change in fair value of Forward Purchase Agreement	`ChangeInFairValueOfForwardPurchaseAgreement`	4.34M	CAD	Annual
Change in fair value of Forward Purchase Agreement	`ChangeInFairValueOfForwardPurchaseAgreement`	4.34M	CAD	Annual
Change in fair value of Forward Purchase Agreement	`ChangeInFairValueOfForwardPurchaseAgreement`	-	CAD	Annual
Change in fair value of Forward Purchase Agreement	`ChangeInFairValueOfForwardPurchaseAgreement`	-	CAD	Annual
Total other expenses	`NonoperatingIncomeExpense`	216,000.00	CAD	Annual
Total other expenses	`NonoperatingIncomeExpense`	216,000.00	CAD	Annual
Total other expenses	`NonoperatingIncomeExpense`	-3.54M	CAD	Annual
Total other expenses	`NonoperatingIncomeExpense`	-3.54M	CAD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-1.25M	CAD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-1.25M	CAD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-8.16M	CAD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-8.16M	CAD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	CAD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	CAD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	CAD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	CAD	Annual
Net Loss	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Loss	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Loss	`NetIncomeLoss`	-1.25M	CAD	Annual
Net Loss	`NetIncomeLoss`	-1.25M	CAD	Annual
Basic weighted average Common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	Annual
Basic weighted average Common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	Annual
Basic weighted average Common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.33M	shares	Annual
Basic weighted average Common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.33M	shares	Annual
Basic net loss per share, Common shares (in Dollars per share)	`EarningsPerShareBasic`	-0.76	CAD	Annual
Basic net loss per share, Common shares (in Dollars per share)	`EarningsPerShareBasic`	-0.76	CAD	Annual
Basic net loss per share, Common shares (in Dollars per share)	`EarningsPerShareBasic`	-0.17	CAD	Annual
Basic net loss per share, Common shares (in Dollars per share)	`EarningsPerShareBasic`	-0.17	CAD	Annual

Cash Flow Statement 120 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Loss	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Loss	`NetIncomeLoss`	-1.25M	CAD	Annual
Net Loss	`NetIncomeLoss`	-1.25M	CAD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	56,000.00	CAD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	56,000.00	CAD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	27,000.00	CAD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	27,000.00	CAD	Annual
Non-cash lease expense	`OtherNoncashExpense`	-	CAD	Annual
Non-cash lease expense	`OtherNoncashExpense`	-	CAD	Annual
Non-cash lease expense	`OtherNoncashExpense`	56,000.00	CAD	Annual
Non-cash lease expense	`OtherNoncashExpense`	56,000.00	CAD	Annual
Stock-based compensation	`ShareBasedCompensation`	55,000.00	CAD	Annual
Stock-based compensation	`ShareBasedCompensation`	55,000.00	CAD	Annual
Stock-based compensation	`ShareBasedCompensation`	66,000.00	CAD	Annual
Stock-based compensation	`ShareBasedCompensation`	66,000.00	CAD	Annual
Non-cash interest	`NoncashInterest`	57,000.00	CAD	Annual
Non-cash interest	`NoncashInterest`	57,000.00	CAD	Annual
Non-cash interest	`NoncashInterest`	196,000.00	CAD	Annual
Non-cash interest	`NoncashInterest`	196,000.00	CAD	Annual
Change in fair value of Forward Purchase Agreement	`ChangeInFairValueOfForwardPurchaseAgreement`	4.34M	CAD	Annual
Change in fair value of Forward Purchase Agreement	`ChangeInFairValueOfForwardPurchaseAgreement`	4.34M	CAD	Annual
Change in fair value of Forward Purchase Agreement	`ChangeInFairValueOfForwardPurchaseAgreement`	-	CAD	Annual
Change in fair value of Forward Purchase Agreement	`ChangeInFairValueOfForwardPurchaseAgreement`	-	CAD	Annual
Change in Warrant liability	`FairValueAdjustmentOfWarrants`	-394,000.00	CAD	Annual
Change in Warrant liability	`FairValueAdjustmentOfWarrants`	-394,000.00	CAD	Annual
Change in Warrant liability	`FairValueAdjustmentOfWarrants`	-	CAD	Annual
Change in Warrant liability	`FairValueAdjustmentOfWarrants`	-	CAD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-278,000.00	CAD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-278,000.00	CAD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	CAD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	CAD	Annual
Other receivables	`IncreaseDecreaseInAccountsReceivable`	402,000.00	CAD	Annual
Other receivables	`IncreaseDecreaseInAccountsReceivable`	402,000.00	CAD	Annual
Other receivables	`IncreaseDecreaseInAccountsReceivable`	15,000.00	CAD	Annual
Other receivables	`IncreaseDecreaseInAccountsReceivable`	15,000.00	CAD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	184,000.00	CAD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	184,000.00	CAD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	36,000.00	CAD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	36,000.00	CAD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	-2,000.00	CAD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	-2,000.00	CAD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	526,000.00	CAD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	526,000.00	CAD	Annual
Operating leases	`IncreaseDecreaseInOperatingLeaseLiability`	-	CAD	Annual
Operating leases	`IncreaseDecreaseInOperatingLeaseLiability`	-	CAD	Annual
Operating leases	`IncreaseDecreaseInOperatingLeaseLiability`	-54,000.00	CAD	Annual
Operating leases	`IncreaseDecreaseInOperatingLeaseLiability`	-54,000.00	CAD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-1.09M	CAD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-1.09M	CAD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-3.31M	CAD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-3.31M	CAD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	CAD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	CAD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	209,000.00	CAD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	209,000.00	CAD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-209,000.00	CAD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-209,000.00	CAD	Annual
Finance lease payments	`FinanceLeasePayment`	19,000.00	CAD	Annual
Finance lease payments	`FinanceLeasePayment`	19,000.00	CAD	Annual
Finance lease payments	`FinanceLeasePayment`	-18,000.00	CAD	Annual
Finance lease payments	`FinanceLeasePayment`	-18,000.00	CAD	Annual
Proceeds from issuance of Convertible debentures	`ProceedsFromConvertibleDebt`	6.70M	CAD	Annual
Proceeds from issuance of Convertible debentures	`ProceedsFromConvertibleDebt`	6.70M	CAD	Annual
Proceeds from issuance of Convertible debentures	`ProceedsFromConvertibleDebt`	1.03M	CAD	Annual
Proceeds from issuance of Convertible debentures	`ProceedsFromConvertibleDebt`	1.03M	CAD	Annual
Outflow from Business Combination	`OutflowFromBusinessCombination`	1.57M	CAD	Annual
Outflow from Business Combination	`OutflowFromBusinessCombination`	1.57M	CAD	Annual
Outflow from Business Combination	`OutflowFromBusinessCombination`	-	CAD	Annual
Outflow from Business Combination	`OutflowFromBusinessCombination`	-	CAD	Annual
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	-	CAD	Annual
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	-	CAD	Annual
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	300,000.00	CAD	Annual
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	300,000.00	CAD	Annual
Repayment of Shareholder loans	`RepaymentsOfShortTermDebt`	-	CAD	Annual
Repayment of Shareholder loans	`RepaymentsOfShortTermDebt`	-	CAD	Annual
Repayment of Shareholder loans	`RepaymentsOfShortTermDebt`	5,000.00	CAD	Annual
Repayment of Shareholder loans	`RepaymentsOfShortTermDebt`	5,000.00	CAD	Annual
Repayment of Term loan	`RepaymentsOfBankDebt`	40,000.00	CAD	Annual
Repayment of Term loan	`RepaymentsOfBankDebt`	40,000.00	CAD	Annual
Repayment of Term loan	`RepaymentsOfBankDebt`	-	CAD	Annual
Repayment of Term loan	`RepaymentsOfBankDebt`	-	CAD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	1.31M	CAD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	1.31M	CAD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	5.11M	CAD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	5.11M	CAD	Annual
Net Change in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	224,000.00	CAD	Annual
Net Change in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	224,000.00	CAD	Annual
Net Change in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	1.59M	CAD	Annual
Net Change in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	1.59M	CAD	Annual
Cash and Cash Equivalents - Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	1.82M	CAD	Point-in-time
Cash and Cash Equivalents - Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	1.82M	CAD	Point-in-time
Cash and Cash Equivalents - Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	4,000.00	CAD	Point-in-time
Cash and Cash Equivalents - Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	4,000.00	CAD	Point-in-time
Cash and Cash Equivalents - Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	228,000.00	CAD	Point-in-time
Cash and Cash Equivalents - Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	228,000.00	CAD	Point-in-time
Cash and Cash Equivalents - End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	1.82M	CAD	Point-in-time
Cash and Cash Equivalents - End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	1.82M	CAD	Point-in-time
Cash and Cash Equivalents - End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	4,000.00	CAD	Point-in-time
Cash and Cash Equivalents - End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	4,000.00	CAD	Point-in-time
Cash and Cash Equivalents - End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	228,000.00	CAD	Point-in-time
Cash and Cash Equivalents - End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	228,000.00	CAD	Point-in-time
Conversion of Convertible debentures	`ConversionOfStockAmountConverted1`	1.50M	CAD	Annual
Conversion of Convertible debentures	`ConversionOfStockAmountConverted1`	1.50M	CAD	Annual
Conversion of Convertible debentures	`ConversionOfStockAmountConverted1`	-	CAD	Annual
Conversion of Convertible debentures	`ConversionOfStockAmountConverted1`	-	CAD	Annual
Taxes paid	`IncomeTaxesPaidNet`	-	CAD	Annual
Taxes paid	`IncomeTaxesPaidNet`	-	CAD	Annual
Taxes paid	`IncomeTaxesPaidNet`	-	CAD	Annual
Taxes paid	`IncomeTaxesPaidNet`	-	CAD	Annual
Interest paid	`InterestPaidNet`	14,000.00	CAD	Annual
Interest paid	`InterestPaidNet`	14,000.00	CAD	Annual
Interest paid	`InterestPaidNet`	23,000.00	CAD	Annual
Interest paid	`InterestPaidNet`	23,000.00	CAD	Annual
Settlement of Shareholder Advances	`SettlementOfShareholderAdvances`	1.98M	CAD	Annual
Settlement of Shareholder Advances	`SettlementOfShareholderAdvances`	1.98M	CAD	Annual
Settlement of Shareholder Advances	`SettlementOfShareholderAdvances`	-	CAD	Annual
Settlement of Shareholder Advances	`SettlementOfShareholderAdvances`	-	CAD	Annual
Settlement of Shareholder Advances	`SettlementOfShareholderAdvances`	1.98M	CAD	Point-in-time
Settlement of Shareholder Advances	`SettlementOfShareholderAdvances`	1.98M	CAD	Point-in-time

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-2.17M	CAD	Point-in-time
Balance	`StockholdersEquity`	-2.17M	CAD	Point-in-time
Balance	`StockholdersEquity`	-17.93M	CAD	Point-in-time
Balance	`StockholdersEquity`	-17.93M	CAD	Point-in-time
Balance	`StockholdersEquity`	-1.39M	CAD	Point-in-time
Balance	`StockholdersEquity`	-1.39M	CAD	Point-in-time
Settlement of Shareholder Advances	`StockIssuedDuringPeriodValueSettlementOfShareholderAdvances`	1.98M	CAD	Annual
Settlement of Shareholder Advances	`StockIssuedDuringPeriodValueSettlementOfShareholderAdvances`	1.98M	CAD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	66,000.00	CAD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	66,000.00	CAD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	55,000.00	CAD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	55,000.00	CAD	Annual
Net Loss	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Loss	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Loss	`NetIncomeLoss`	-1.25M	CAD	Annual
Net Loss	`NetIncomeLoss`	-1.25M	CAD	Annual
Conversion of Convertible Debentures	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	1.50M	CAD	Annual
Conversion of Convertible Debentures	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	1.50M	CAD	Annual
Conversion of Convertible Notes Payable	`StockIssuedDuringPeriodValueConversionOfUnits`	6.84M	CAD	Annual
Conversion of Convertible Notes Payable	`StockIssuedDuringPeriodValueConversionOfUnits`	6.84M	CAD	Annual
Issuance of Service Shares	`StockIssuedDuringPeriodValueIssuedForServices`	1.56M	CAD	Annual
Issuance of Service Shares	`StockIssuedDuringPeriodValueIssuedForServices`	1.56M	CAD	Annual
Legacy Horizon Share Exchange	`StockIssuedDuringPeriodValueLegacyHorizonShareExchange`	-	CAD	Annual
Legacy Horizon Share Exchange	`StockIssuedDuringPeriodValueLegacyHorizonShareExchange`	-	CAD	Annual
New Horizon Shares on Effective Date	`StockIssuedDuringPeriodValueNewHorizonSharesOnEffectiveDate`	-20.09M	CAD	Annual
New Horizon Shares on Effective Date	`StockIssuedDuringPeriodValueNewHorizonSharesOnEffectiveDate`	-20.09M	CAD	Annual
Warrant Issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	970,000.00	CAD	Annual
Warrant Issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	970,000.00	CAD	Annual
Capital Markets Advisory Shares	`StockIssuedDuringPeriodValueCapitalMarketsAdvisoryShares`	2.71M	CAD	Annual
Capital Markets Advisory Shares	`StockIssuedDuringPeriodValueCapitalMarketsAdvisoryShares`	2.71M	CAD	Annual
Underwriter Shares Issued	`StockIssuedDuringPeriodValueOther`	-	CAD	Annual
Underwriter Shares Issued	`StockIssuedDuringPeriodValueOther`	-	CAD	Annual
Incentive Shares	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	-	CAD	Annual
Incentive Shares	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	-	CAD	Annual
Balance	`StockholdersEquity`	-2.17M	CAD	Point-in-time
Balance	`StockholdersEquity`	-2.17M	CAD	Point-in-time
Balance	`StockholdersEquity`	-17.93M	CAD	Point-in-time
Balance	`StockholdersEquity`	-17.93M	CAD	Point-in-time
Balance	`StockholdersEquity`	-1.39M	CAD	Point-in-time
Balance	`StockholdersEquity`	-1.39M	CAD	Point-in-time

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