Company: WKSP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023334
Chunk: 72

Company: Worksport Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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999,331) 
     (4,014,486) 
     (7,268,327)
  
    Depreciation and amortization 
     (847,539) 
     (22,831) 
     (18,498) 
     (888,868) 
     (498,277) 
     (38,135) 
     (79,560) 
     (615,972)
  
    Loss from continuing operations 
    $(3,946,401) 
    $(85,122) 
    $(3,842,413) 
    $(7,873,936) 
    $(2,600,617) 
    $(855,551) 
    $(4,094,046) 
    $(7,550,214)

    20

The
following table presents the Company’s net sales disaggregated by geographic area:

Schedule
of Net Sales Disaggregated by Geographic Area

    2025  
    2024 

    Hard

    Tonneau
 Covers  
    Soft

    Tonneau
 Covers  
    Consolidated  
    Hard

    Tonneau
 Covers  
    Soft

    Tonneau
 Covers  
    Consolidated 
  
    United States 
    $6,053,246  
    $244,709  
    $6,297,955  
    $976,057  
    $1,409,435  
    $2,385,492 
  
    Canada 
     47,008  
     -  
     47,008  
     19,920  
     28,764  
     48,684 
  
    Net sales 
    $6,100,254  
    $244,709  
    $6,344,963  
    $995,977  
    $1,438,199  
    $2,434,176 

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