10-K Filing

New Horizon Aircraft Ltd. CIK: 1930021 FY 2025

Filing Information

Form Type	10-K
Accession Number	`0001213900-25-079570`
Period End Date	20250531
Filing Date	20250822
Fiscal Year	2025
Fiscal Period	FY
XBRL Instance	ea0245807-10k_newhorizon_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 70 Cash Flow Statement 142 Stockholders Equity 54

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	1.82M	CAD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	1.82M	CAD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	7.55M	CAD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	7.55M	CAD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	228,000.00	CAD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	228,000.00	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`	530,000.00	CAD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	530,000.00	CAD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	96,000.00	CAD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	96,000.00	CAD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	417,000.00	CAD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	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`	8.17M	CAD	Point-in-time
Total current assets	`AssetsCurrent`	8.17M	CAD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	CAD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	CAD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	CAD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	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
Operating lease assets	`OperatingLeaseRightOfUseAsset`	30,000.00	CAD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	30,000.00	CAD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	209,000.00	CAD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	209,000.00	CAD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	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
Preferred shares, shares issued	`PreferredStockSharesIssued`	4,500.00	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	4,500.00	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	4,500.00	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	4,500.00	shares	Point-in-time
Total Assets	`Assets`	8.41M	CAD	Point-in-time
Total Assets	`Assets`	8.41M	CAD	Point-in-time
Total Assets	`Assets`	4.94M	CAD	Point-in-time
Total Assets	`Assets`	4.94M	CAD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	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`	679,000.00	CAD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	679,000.00	CAD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	625,000.00	CAD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	625,000.00	CAD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	574,000.00	CAD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	574,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	22,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	22,000.00	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
Total current liabilities	`LiabilitiesCurrent`	1.33M	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	1.33M	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	1.33M	CAD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	1.33M	CAD	Point-in-time
Forward Purchase Agreement	`DerivativeLiabilitiesNoncurrent`	-	CAD	Point-in-time
Forward Purchase Agreement	`DerivativeLiabilitiesNoncurrent`	-	CAD	Point-in-time
Forward Purchase Agreement	`DerivativeLiabilitiesNoncurrent`	20.94M	CAD	Point-in-time
Forward Purchase Agreement	`DerivativeLiabilitiesNoncurrent`	20.94M	CAD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	4.49M	CAD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	4.49M	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
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	8,000.00	CAD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	8,000.00	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`	5.82M	CAD	Point-in-time
Total Liabilities	`Liabilities`	5.82M	CAD	Point-in-time
Total Liabilities	`Liabilities`	22.88M	CAD	Point-in-time
Total Liabilities	`Liabilities`	22.88M	CAD	Point-in-time
Preferred shares, no par value; unlimited authorized; 4,500 issued and outstanding (nil as of May 31, 2024)	`PreferredStockValue`	6.28M	CAD	Point-in-time
Preferred shares, no par value; unlimited authorized; 4,500 issued and outstanding (nil as of May 31, 2024)	`PreferredStockValue`	6.28M	CAD	Point-in-time
Preferred shares, no par value; unlimited authorized; 4,500 issued and outstanding (nil as of May 31, 2024)	`PreferredStockValue`	-	CAD	Point-in-time
Preferred shares, no par value; unlimited authorized; 4,500 issued and outstanding (nil as of May 31, 2024)	`PreferredStockValue`	-	CAD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-78.77M	CAD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-78.77M	CAD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-77.66M	CAD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-77.66M	CAD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-14.68M	CAD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-14.68M	CAD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-9.48M	CAD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-9.48M	CAD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	2.59M	CAD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	2.59M	CAD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	-17.93M	CAD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	-17.93M	CAD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	-1.39M	CAD	Point-in-time
Total Shareholders Equity (Deficit)	`StockholdersEquity`	-1.39M	CAD	Point-in-time
Total Liabilities and Shareholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	4.94M	CAD	Point-in-time
Total Liabilities and Shareholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	4.94M	CAD	Point-in-time
Total Liabilities and Shareholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	8.41M	CAD	Point-in-time
Total Liabilities and Shareholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	8.41M	CAD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	3.66M	CAD	Annual
Research and development	`ResearchAndDevelopmentExpense`	3.66M	CAD	Annual
Research and development	`ResearchAndDevelopmentExpense`	880,000.00	CAD	Annual
Research and development	`ResearchAndDevelopmentExpense`	880,000.00	CAD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	3.74M	CAD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	3.74M	CAD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	9.93M	CAD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	9.93M	CAD	Annual
Total operating expenses	`OperatingExpenses`	4.62M	CAD	Annual
Total operating expenses	`OperatingExpenses`	4.62M	CAD	Annual
Total operating expenses	`OperatingExpenses`	13.59M	CAD	Annual
Total operating expenses	`OperatingExpenses`	13.59M	CAD	Annual
Loss from operations	`OperatingIncomeLoss`	-13.59M	CAD	Annual
Loss from operations	`OperatingIncomeLoss`	-13.59M	CAD	Annual
Loss from operations	`OperatingIncomeLoss`	-4.62M	CAD	Annual
Loss from operations	`OperatingIncomeLoss`	-4.62M	CAD	Annual
Other expenses (income)	`OtherNonoperatingIncomeExpense`	-10,000.00	CAD	Annual
Other expenses (income)	`OtherNonoperatingIncomeExpense`	-10,000.00	CAD	Annual
Other expenses (income)	`OtherNonoperatingIncomeExpense`	575,000.00	CAD	Annual
Other expenses (income)	`OtherNonoperatingIncomeExpense`	575,000.00	CAD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNonoperatingNet`	-163,000.00	CAD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNonoperatingNet`	-163,000.00	CAD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNonoperatingNet`	123,000.00	CAD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNonoperatingNet`	123,000.00	CAD	Annual
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	-394,000.00	CAD	Annual
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	-394,000.00	CAD	Annual
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	1.99M	CAD	Annual
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	1.99M	CAD	Annual
Change in fair value of Forward Purchase Agreement	`DerivativeGainLossOnDerivativeNet`	-740,000.00	CAD	Annual
Change in fair value of Forward Purchase Agreement	`DerivativeGainLossOnDerivativeNet`	-740,000.00	CAD	Annual
Change in fair value of Forward Purchase Agreement	`DerivativeGainLossOnDerivativeNet`	-4.34M	CAD	Annual
Change in fair value of Forward Purchase Agreement	`DerivativeGainLossOnDerivativeNet`	-4.34M	CAD	Annual
Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	21.40M	CAD	Annual
Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	21.40M	CAD	Annual
Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	278,000.00	CAD	Point-in-time
Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	278,000.00	CAD	Point-in-time
Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	-	CAD	Annual
Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	-	CAD	Annual
Total other (income) expenses	`NonoperatingIncomeExpense`	-3.54M	CAD	Annual
Total other (income) expenses	`NonoperatingIncomeExpense`	-3.54M	CAD	Annual
Total other (income) expenses	`NonoperatingIncomeExpense`	18.79M	CAD	Annual
Total other (income) expenses	`NonoperatingIncomeExpense`	18.79M	CAD	Annual
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	5.20M	CAD	Annual
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	5.20M	CAD	Annual
Income (Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-8.16M	CAD	Annual
Income (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 Income (Loss)	`NetIncomeLoss`	5.20M	CAD	Annual
Net Income (Loss)	`NetIncomeLoss`	5.20M	CAD	Annual
Net Income (Loss)	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Income (Loss)	`NetIncomeLoss`	-8.16M	CAD	Annual
Basic: (in Dollars per share)	`EarningsPerShareBasic`	0.20	CAD	Annual
Basic: (in Dollars per share)	`EarningsPerShareBasic`	0.20	CAD	Annual
Basic: (in Dollars per share)	`EarningsPerShareBasic`	-0.76	CAD	Annual
Basic: (in Dollars per share)	`EarningsPerShareBasic`	-0.76	CAD	Annual
Diluted: (in Dollars per share)	`EarningsPerShareDiluted`	0.17	CAD	Annual
Diluted: (in Dollars per share)	`EarningsPerShareDiluted`	0.17	CAD	Annual
Diluted: (in Dollars per share)	`EarningsPerShareDiluted`	-0.76	CAD	Annual
Diluted: (in Dollars per share)	`EarningsPerShareDiluted`	-0.76	CAD	Annual
Basic: (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	Annual
Basic: (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	Annual
Basic: (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.84M	shares	Annual
Basic: (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.84M	shares	Annual
Diluted: (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	Annual
Diluted: (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	Annual
Diluted: (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.76M	shares	Annual
Diluted: (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.76M	shares	Annual

Cash Flow Statement 142 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	5.20M	CAD	Annual
Net Income (loss)	`NetIncomeLoss`	5.20M	CAD	Annual
Net Income (loss)	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Income (loss)	`NetIncomeLoss`	-8.16M	CAD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	138,000.00	CAD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	138,000.00	CAD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	56,000.00	CAD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	56,000.00	CAD	Annual
Stock-based compensation	`ShareBasedCompensation`	1.49M	CAD	Annual
Stock-based compensation	`ShareBasedCompensation`	1.49M	CAD	Annual
Stock-based compensation	`ShareBasedCompensation`	66,000.00	CAD	Annual
Stock-based compensation	`ShareBasedCompensation`	66,000.00	CAD	Annual
Non-cash interest	`OtherNoncashExpense`	-	CAD	Annual
Non-cash interest	`OtherNoncashExpense`	-	CAD	Annual
Non-cash interest	`OtherNoncashExpense`	196,000.00	CAD	Annual
Non-cash interest	`OtherNoncashExpense`	196,000.00	CAD	Annual
Registered Share Offering Costs	`RegisteredShareOfferingCostsinDollars`	290,000.00	CAD	Annual
Registered Share Offering Costs	`RegisteredShareOfferingCostsinDollars`	290,000.00	CAD	Annual
Registered Share Offering Costs	`RegisteredShareOfferingCostsinDollars`	-	CAD	Annual
Registered Share Offering Costs	`RegisteredShareOfferingCostsinDollars`	-	CAD	Annual
Change in fair value of Forward Purchase Agreement	`DerivativeGainLossOnDerivativeNet`	-740,000.00	CAD	Annual
Change in fair value of Forward Purchase Agreement	`DerivativeGainLossOnDerivativeNet`	-740,000.00	CAD	Annual
Change in fair value of Forward Purchase Agreement	`DerivativeGainLossOnDerivativeNet`	-4.34M	CAD	Annual
Change in fair value of Forward Purchase Agreement	`DerivativeGainLossOnDerivativeNet`	-4.34M	CAD	Annual
Gain on Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	21.40M	CAD	Annual
Gain on Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	21.40M	CAD	Annual
Gain on Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	278,000.00	CAD	Point-in-time
Gain on Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	278,000.00	CAD	Point-in-time
Gain on Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	-	CAD	Annual
Gain on Termination of Forward Purchase Agreement	`GainLossOnContractTermination`	-	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`	1.99M	CAD	Annual
Change in Warrant liability	`FairValueAdjustmentOfWarrants`	1.99M	CAD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-1.90M	CAD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-1.90M	CAD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-278,000.00	CAD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-278,000.00	CAD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	402,000.00	CAD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	402,000.00	CAD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-321,000.00	CAD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-321,000.00	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`	51,000.00	CAD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	51,000.00	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`	3,000.00	CAD	Annual
Operating leases	`IncreaseDecreaseInOperatingLeaseLiability`	3,000.00	CAD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-9.31M	CAD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-9.31M	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`	209,000.00	CAD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	209,000.00	CAD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	142,000.00	CAD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	142,000.00	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
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-142,000.00	CAD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-142,000.00	CAD	Annual
Finance lease payments	`FinanceLeasePayments`	-	CAD	Annual
Finance lease payments	`FinanceLeasePayments`	-	CAD	Annual
Finance lease payments	`FinanceLeasePayments`	18,000.00	CAD	Annual
Finance lease payments	`FinanceLeasePayments`	18,000.00	CAD	Annual
Proceeds from issuance of Convertible debentures	`ProceedsFromConvertibleDebt`	-	CAD	Annual
Proceeds from issuance of Convertible debentures	`ProceedsFromConvertibleDebt`	-	CAD	Annual
Proceeds from issuance of Convertible debentures	`ProceedsFromConvertibleDebt`	6.70M	CAD	Annual
Proceeds from issuance of Convertible debentures	`ProceedsFromConvertibleDebt`	6.70M	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
Repayment of Term loan	`RepaymentsOfDebt`	-	CAD	Annual
Repayment of Term loan	`RepaymentsOfDebt`	-	CAD	Annual
Repayment of Term loan	`RepaymentsOfDebt`	40,000.00	CAD	Annual
Repayment of Term loan	`RepaymentsOfDebt`	40,000.00	CAD	Annual
Net Proceeds from Sales Agreement	`ProceedsFromSalesAgreement`	880,000.00	CAD	Annual
Net Proceeds from Sales Agreement	`ProceedsFromSalesAgreement`	880,000.00	CAD	Annual
Net Proceeds from Sales Agreement	`ProceedsFromSalesAgreement`	-	CAD	Annual
Net Proceeds from Sales Agreement	`ProceedsFromSalesAgreement`	-	CAD	Annual
Proceeds from Registered Securities Offering	`ProceedsFromRegisteredSecuritiesOffering`	-	CAD	Annual
Proceeds from Registered Securities Offering	`ProceedsFromRegisteredSecuritiesOffering`	-	CAD	Annual
Proceeds from Registered Securities Offering	`ProceedsFromRegisteredSecuritiesOffering`	3.95M	CAD	Annual
Proceeds from Registered Securities Offering	`ProceedsFromRegisteredSecuritiesOffering`	3.95M	CAD	Annual
Registered Share Offering Costs	`PaymentsOfStockIssuanceCosts`	510,000.00	CAD	Annual
Registered Share Offering Costs	`PaymentsOfStockIssuanceCosts`	510,000.00	CAD	Annual
Registered Share Offering Costs	`PaymentsOfStockIssuanceCosts`	-	CAD	Annual
Registered Share Offering Costs	`PaymentsOfStockIssuanceCosts`	-	CAD	Annual
Net Proceeds from Issuance of Class A Ordinary Shares	`ProceedsFromIssuanceOfCommonStock`	-	CAD	Annual
Net Proceeds from Issuance of Class A Ordinary Shares	`ProceedsFromIssuanceOfCommonStock`	-	CAD	Annual
Net Proceeds from Issuance of Class A Ordinary Shares	`ProceedsFromIssuanceOfCommonStock`	2.08M	CAD	Annual
Net Proceeds from Issuance of Class A Ordinary Shares	`ProceedsFromIssuanceOfCommonStock`	2.08M	CAD	Annual
Net Proceeds from Issuance of Preferred Shares	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	CAD	Annual
Net Proceeds from Issuance of Preferred Shares	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	CAD	Annual
Net Proceeds from Issuance of Preferred Shares	`ProceedsFromIssuanceOfConvertiblePreferredStock`	6.28M	CAD	Annual
Net Proceeds from Issuance of Preferred Shares	`ProceedsFromIssuanceOfConvertiblePreferredStock`	6.28M	CAD	Annual
Forward Purchase Agreement termination	`ForwardPurchaseAgreementTermination`	278,000.00	CAD	Annual
Forward Purchase Agreement termination	`ForwardPurchaseAgreementTermination`	278,000.00	CAD	Annual
Forward Purchase Agreement termination	`ForwardPurchaseAgreementTermination`	-	CAD	Annual
Forward Purchase Agreement termination	`ForwardPurchaseAgreementTermination`	-	CAD	Annual
Proceeds from warrants exercised	`ProceedsFromWarrantExercises`	-	CAD	Annual
Proceeds from warrants exercised	`ProceedsFromWarrantExercises`	-	CAD	Annual
Proceeds from warrants exercised	`ProceedsFromWarrantExercises`	2.79M	CAD	Annual
Proceeds from warrants exercised	`ProceedsFromWarrantExercises`	2.79M	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 cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	15.19M	CAD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	15.19M	CAD	Annual
Net Change in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	5.73M	CAD	Annual
Net Change in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	5.73M	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`	7.55M	CAD	Point-in-time
Cash and Cash Equivalents - Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	7.55M	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`	7.55M	CAD	Point-in-time
Cash and Cash Equivalents - End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	7.55M	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
Taxes paid	`IncomeTaxesPaidNet`	-	CAD	Annual
Taxes paid	`IncomeTaxesPaidNet`	-	CAD	Annual
Taxes paid	`IncomeTaxesPaidNet`	-	CAD	Annual
Taxes paid	`IncomeTaxesPaidNet`	-	CAD	Annual
Conversion of Convertible debentures	`ConversionOfStockAmountConverted1`	-	CAD	Annual
Conversion of Convertible debentures	`ConversionOfStockAmountConverted1`	-	CAD	Annual
Conversion of Convertible debentures	`ConversionOfStockAmountConverted1`	1.50M	CAD	Annual
Conversion of Convertible debentures	`ConversionOfStockAmountConverted1`	1.50M	CAD	Annual
Interest paid	`InterestPaidNet`	23,000.00	CAD	Annual
Interest paid	`InterestPaidNet`	23,000.00	CAD	Annual
Interest paid	`InterestPaidNet`	1,000.00	CAD	Annual
Interest paid	`InterestPaidNet`	1,000.00	CAD	Annual

Stockholders Equity 54 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	2.59M	CAD	Point-in-time
Balance	`StockholdersEquity`	2.59M	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
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	66,000.00	CAD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	66,000.00	CAD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	815,000.00	CAD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	815,000.00	CAD	Annual
Net Income (loss)	`NetIncomeLoss`	5.20M	CAD	Annual
Net Income (loss)	`NetIncomeLoss`	5.20M	CAD	Annual
Net Income (loss)	`NetIncomeLoss`	-8.16M	CAD	Annual
Net Income (loss)	`NetIncomeLoss`	-8.16M	CAD	Annual
Incentive Shares Issued	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	677,000.00	CAD	Annual
Incentive Shares Issued	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	677,000.00	CAD	Annual
Incentive Shares Issued	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	-	CAD	Annual
Incentive Shares Issued	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	-	CAD	Annual
Capital Markets Advisory Shares	`StockIssuedDuringPeriodValueCapitalMarketsAdvisoryShares`	2.71M	CAD	Annual
Capital Markets Advisory Shares	`StockIssuedDuringPeriodValueCapitalMarketsAdvisoryShares`	2.71M	CAD	Annual
Underwriter Shares Issued	`StockIssuedDuringPeriodValueUnderwriterSharesIssued`	-	CAD	Annual
Underwriter Shares Issued	`StockIssuedDuringPeriodValueUnderwriterSharesIssued`	-	CAD	Annual
General Warrant Issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	5.16M	CAD	Annual
General Warrant Issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	5.16M	CAD	Annual
General Warrant Issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	970,000.00	CAD	Annual
General Warrant Issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	970,000.00	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	`StockIssuedDuringPeriodValueConversionOfConvertibleNotesPayable`	6.84M	CAD	Annual
Conversion of Convertible Notes Payable	`StockIssuedDuringPeriodValueConversionOfConvertibleNotesPayable`	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
Pre-Funded Warrants Exercised	`StockIssuedDuringPeriodValuePreFundedWarrantsExercised`	1.93M	CAD	Annual
Pre-Funded Warrants Exercised	`StockIssuedDuringPeriodValuePreFundedWarrantsExercised`	1.93M	CAD	Annual
General Warrant Exercise	`StockIssuedDuringPeriodValueWarrantExercised`	6.02M	CAD	Annual
General Warrant Exercise	`StockIssuedDuringPeriodValueWarrantExercised`	6.02M	CAD	Annual
Class A Shares ordinary Issued under Sales Agreement	`StockIssuedDuringPeriodValueNewIssues`	880,000.00	CAD	Annual
Class A Shares ordinary Issued under Sales Agreement	`StockIssuedDuringPeriodValueNewIssues`	880,000.00	CAD	Annual
Class A Shares ordinary Issued under Sales Agreement (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	4.17M	shares	Point-in-time
Class A Shares ordinary Issued under Sales Agreement (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	4.17M	shares	Point-in-time
Other Class A ordinary Shares Issued	`StockIssuedDuringPeriodValueOther`	3.89M	CAD	Annual
Other Class A ordinary Shares Issued	`StockIssuedDuringPeriodValueOther`	3.89M	CAD	Annual
Preferred Shares Issued	`StockIssuedDuringPeriodValuePreferredSharesIssued`	6.28M	CAD	Annual
Preferred Shares Issued	`StockIssuedDuringPeriodValuePreferredSharesIssued`	6.28M	CAD	Annual
Balance	`StockholdersEquity`	2.59M	CAD	Point-in-time
Balance	`StockholdersEquity`	2.59M	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.