Company: WKSP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022113
Chunk: 82

Company: Worksport Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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    Soft Tonneau Covers  
    Consolidated 

     2025  
     2024 

    Hard Tonneau Covers  
    Soft Tonneau Covers  
    Consolidated  
    Hard Tonneau Covers  
    Soft Tonneau Covers  
    Consolidated 
  
    United States 
    $10,910,214  
    $374,324  
    $11,284,538  
    $2,622,350  
    $2,853,625  
    $5,475,975 
  
    Other 
     72,022  
     2,275  
     74,297  
     74,245  
     6,315  
     80,560 
  
    Net sales 
    $10,982,236  
    $376,599  
    $11,358,835  
    $2,696,595  
    $2,859,940  
    $5,556,535 

No
asset information has been provided for the reported segments as the CODM does not regularly review asset information by reportable
segment. As of September 30, 2025 and December 31, 2024, assets held in the U.S. accounted for 90% and 88% of total assets,
respectively.

18.
Commitments and Contingencies

There
are no legal proceedings except for routine litigation incidental to the business.

19.
Subsequent Events

The
Company has evaluated subsequent events through November 13, 2025. The following events occurred after the period ended September 30,
2025:

 ●On
                                            October 6, 2025 the Company announced its subsidiary Terravis Energy was selected for the
                                            NREL Technical Assistance Program award to analyze its ZeroFrost cold-weather heat pump technology
                                            in Alaska
                                                                                                                                      
●On
October 15, 2025 the Company announced the successful completion of its Regulation A offering

●On
                                            October 23, 2025 the Company announced its new HD3 Heavy-Duty tonneau cover officially
                                            entered production. The HD3 is a new hard-folding truck bed cover engineered
                                            for commercial and fleet applications, building on the success of the Company’s
                                            AL3 and AL4 series.

●On
                                            October 30, 2025 the Company announced the official