Why did New Horizon Aircraft's expenses surge in Q2 2025?

New Horizon Aircraft's expenses surged in Q2 2025 due to several factors:

1. **Increased Research and Development Costs**: The company's operating expenses rose to $9.532 million, up from $2.464 million in the prior year period. This increase was primarily driven by higher research and development costs, which amounted to $427,000, compared to $219,000 in the same quarter the previous year. These costs were attributed to increased labor for flight testing and engineering work.
2. **General Administrative Costs**: In addition to research and development, general and administrative costs also contributed to the surge in expenses. These costs increased to $2.847 million, up from $605,000 in the previous year. This rise was due to legal, accounting, and other growth-related costs.
3. **Merger-Related Expenses**: The company's business combination with Pono Three Merger Acquisitions Corp. and Robinson Aircraft Ltd. resulted in the formation of New Horizon Aircraft Ltd. This merger likely led to additional expenses related to integrating the business operations of Robinson into New Horizon.

Overall, the surge in New Horizon Aircraft's expenses in Q2 2025 was primarily due to increased research and development costs, general administrative costs, and merger-related expenses.