10-K Filing

New Horizon Aircraft Ltd. CIK: 1930021 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001493152-23-009567`
Period End Date	20221231
Filing Date	20230330
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 20 Income Statement 4 Cash Flow Statement 16 Stockholders Equity 6

Balance Sheet 20 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$88.28K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.37K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$89.65K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred offering costs	`DeferredCosts`	$368.80K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Assets	`Assets`	$458.45K	USD	Point-in-time
Accrued offering costs	`AccruedLiabilitiesCurrent`	$142.14K	USD	Point-in-time
Promissory note - related party	`DueToRelatedPartiesCurrent`	$300.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$442.14K	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.71K	USD	Point-in-time
Subscription receivable	`SubscriptionReceivable`	$-206.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.69K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$16.31K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$458.45K	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Formation costs and operating costs	`OperatingExpenses`	$8.69K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.69K	USD	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	2.85M	shares	3 Qtrs
Basic and diluted net loss per ordinary share	`EarningsPerShareBasic`	-	USD	3 Qtrs

Cash Flow Statement 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.69K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.37K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.06K	USD	3 Qtrs
Proceeds from issuance of Class B ordinary shares to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	3 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	3 Qtrs
Advance from Sponsor for payment of formation costs	`AdvanceFromSponsorForPaymentOfFormationCosts`	$412.00	USD	3 Qtrs
Repayment to Sponsor for payment of formation costs	`PaymentsOfStockIssuanceCosts`	$412.00	USD	3 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$226.66K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.34K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$88.28K	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$88.28K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$88.28K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$142.14K	USD	3 Qtrs
Issuance of Class B ordinary shares to Sponsor for subscription receivable	`IssuanceOfClassBOrdinarySharesToSponsorForSubscriptionReceivable`	$206.00	USD	3 Qtrs

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance at March 11, 2022 (inception)	`StockholdersEquity`	$16.31K	USD	Point-in-time
Balance at March 11, 2022 (inception)	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.69K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$16.31K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	-	USD	Point-in-time

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