Company: WKSP
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010837
Chunk: 63

Company: Worksport Ltd
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 March 31, 2025 
  
    Stock options 
    $5.20-55.00  
     588,976  
     7.66  
    $7.10  
     191,755 

    15

As
of March 31, 2025 and December 31, 2024, Terravis Energy Inc., a wholly owned subsidiary of the Company, has the following options outstanding:

 Schedule of Stock Options Activity

    March 31, 2025  
    December 31, 2024 

    Number of
                                                                  stock  
    Weighted
                                                                  average  
    Number of
                                                                  stock  
    Weighted
                                                                  average 

    options  
    price  
    options  
    price 
  
    Balance, beginning of year 
     1,350,000  
    $0.01  
     1,350,000  
    $0.01 
  
    Granted 
     -  
    $-  
     -  
    $- 
  
    Balance, end of period 
     1,350,000  
    $0.01  
     1,350,000  
    $0.01 

 Schedule
of Share Based Payment Arrangement, Option, Exercise Price Range

    Range of  
       
    Weighted
 average  
    Weighted 
average  
    Exercisable on 

    Exercise prices  
    Outstanding  
    life (years)  
    exercise price  
    March 31, 2025 
  
    Stock options 
    $0.01  
     1,350,000  
     7.03  
    $0.01  
     1,350,000 

17.
Segment Reporting

The
Company manages its business on a product basis and operates in the following two reporting segments for financial reporting purposes:
(1) Hard Tonneau Covers and (2) Soft Tonneau Covers. The accounting policies of both reporting segments are the same as those described
in Note 1, Description of Business and Summary of Significant Accounting Policies.

The
Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer, who regularly reviews financial information
presented on a consolidated basis for purposes of allocating resources and evaluating financial performance of the Company’s reporting
segments. The