v3.25.2
Consolidated Statements of Changes In Shareholders’ Equity (Deficit) - CAD ($)
$ in Thousands
Common Shares
Class A
Common Shares
Class B
Common Shares
Non-Voting
Preferred Shares
Additional Paid-in Capital
Deficit
Total
Balance at May. 31, 2023 $ 5,083   $ 55 $ (6,523) $ (1,385)
Balance (in Shares) at May. 31, 2023 5,075,420 1,062,244 168,832        
Stock-based Compensation   66 66
Net Income (loss)   (8,160) (8,160)
Incentive Shares Issued  
Incentive Shares Issued (in Shares) 954,013            
Capital Markets Advisory Shares $ 2,706   2,706
Capital Markets Advisory Shares (in Shares) 965,179            
Underwriter Shares Issued  
Underwriter Shares Issued (in Shares) 385,016            
General Warrant Issuance   (970) (970)
Conversion of Convertible Debentures $ 1,496   1,496
Conversion of Convertible Debentures (in Shares)   517,352          
Conversion of Convertible Notes Payable $ 6,843   6,843
Conversion of Convertible Notes Payable (in Shares)   1,253,770          
Issuance of Service Shares $ 1,558   1,558
Issuance of Service Shares (in Shares)   385,297          
Legacy Horizon Share Exchange $ 9,897 $ (9,897)  
Legacy Horizon Share Exchange (in Shares) 3,588,869 (3,218,663) (168,832)        
New Horizon Shares on Effective Date $ 56,720   (76,807) (20,087)
New Horizon Shares on Effective Date (in Shares) 7,639,434            
Balance at May. 31, 2024 $ 74,406 (77,656) (14,683) (17,933)
Balance (in Shares) at May. 31, 2024 18,607,931            
Stock-based Compensation   815 815
Net Income (loss)   5,200 5,200
Incentive Shares Issued $ 677   677
Incentive Shares Issued (in Shares) 220,549            
General Warrant Issuance   (5,157) (5,157)
Pre-Funded Warrants Exercised $ 1,925   1,925
Pre-Funded Warrants Exercised (in Shares) 3,000,000            
General Warrant Exercise $ 2,787   3,232 6,019
General Warrant Exercise (in Shares) 2,590,000            
Class A Shares ordinary Issued under Sales Agreement $ 880   880
Class A Shares ordinary Issued under Sales Agreement (in Shares) 940,562            
Other Class A ordinary Shares Issued $ 3,887   3,887
Other Class A ordinary Shares Issued (in Shares) 6,966,667            
Preferred Shares Issued   $ 6,277 6,277
Preferred Shares Issued (in Shares)       4,500      
Balance at May. 31, 2025 $ 84,562   $ 6,277 $ (78,766) $ (9,483) $ 2,590
Balance (in Shares) at May. 31, 2025 32,325,709     4,500