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

Company: Worksport Ltd
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
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 CODM primarily focuses on net income to evaluate its reporting segments. The CODM also uses net income for evaluating pricing
strategy and to assess the performance for determining the compensation of certain employees. Significant segment expenses reviewed,
which represent the differences between segment revenue and segment net loss, consist of the following:

 Schedule
of Revenue and Segment Net Loss

    Hard
    Tonneau Covers  
    Soft
    Tonneau Covers  
    Corporate
    / Eliminations  
    Consolidated  
    Hard
    Tonneau Covers  
    Soft
    Tonneau Covers  
    Corporate
    / Eliminations  
    Consolidated 

    For the three months ended March 31, 2025  
    For the three months ended March 31, 2024 

    Hard Tonneau Covers  
    Soft Tonneau Covers  
    Corporate / Eliminations  
    Consolidated  
    Hard Tonneau Covers  
    Soft Tonneau Covers  
    Corporate / Eliminations  
    Consolidated 
  
    Net sales 
    $2,118,565  
    $121,440  
    $-  
    $