Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 492

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 492
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Note 4) 
     13,644,226  
     14,483,436 
  
    Operating lease right-of-use
    assets (Note 12) 
     595,415  
     917,354 
  
    Intangible
    assets, net (Note 5) 
     953,049  
     1,338,889 
  
    Total
    assets 
    $25,736,660  
    $25,953,916 
  
    LIABILITIES AND SHAREHOLDERS’
    EQUITY 

    Current liabilities 

    Accounts payable 
    $1,526,630  
    $1,260,285 
  
    Accrued liabilities and
    other 
     800,283  
     190,896 
  
    Accrued compensation 
     377,112  
     85,010 
  
    Related party loan 
     -  
     2,192 
  
    Long-term debt, current
    portion (Note 13) 
     222,992  
     5,300,000 
  
    Lease
    liability, current portion (Note 12) 
     246,535  
     328,229 
  
    Total
    current liabilities 
     3,173,552  
     7,166,612 
  
    Lease liability, excluding
    current portion (Note 12) 
     368,472  
     608,761 
  
    Long-term debt, excluding current portion (Note 13) 
     4,781,005  
     - 
  
    Total
    liabilities 
     8,323,029  
     7,775,373 

    Shareholders’ equity 

    Series A & B Preferred Stock, $0.001 par
    value, 10,010 shares authorized, 100 Series A and 0 Series B issued and outstanding, respectively (Note 7) 
     -  
     - 
  
    Common stock, $0.001 par value, 29,900,000
    shares authorized, 4,016,205 and 2,032,050 shares issued and outstanding, respectively (Note 7) 
     4,016  
     2,032 
  
    Additional paid-in capital 
     79,781,674