New Horizon Aircraft Ltd. Quarterly Research and Development Expense in CAD from Q3 2023 to Q3 2024

Taxonomy & unit
us-gaap: CAD and USD
Description
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
Summary
New Horizon Aircraft Ltd. quarterly/annual Research and Development Expense history and growth rate from Q3 2023 to Q3 2024.
  • New Horizon Aircraft Ltd. Research and Development Expense for the quarter ending August 31, 2024 was CA$297K, a 105% increase year-over-year.
  • New Horizon Aircraft Ltd. annual Research and Development Expense for 2023 was CA$880K, a 30.2% increase from 2022.
Research and Development Expense, Quarterly (CAD)
Research and Development Expense, YoY Quarterly Growth (%)
Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q3 2024 297K +152K +105% Jun 1, 2024 Aug 31, 2024 10-Q 2024-10-10
Q3 2023 145K Jun 1, 2023 Aug 31, 2023 10-Q 2024-10-10
* An asterisk sign (*) next to the value indicates that the value is likely invalid.