Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 144

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 144
---
,289,940  
     1,669,318 
  
    General and administrative 
     8,678,994  
     7,974,362 
  
    Sales and marketing 
     2,386,504  
     1,483,054 
  
    Professional fees 
     3,030,931  
     3,853,134 
  
    Gain
    on foreign exchange 
     (14,885) 
     (2,693)
  
    Total
    operating expenses 
     16,371,484  
     14,977,175 
  
    Loss
    from operations 
     (15,465,834) 
     (14,736,661)

    Other income (expense) 

    Interest expense 
     (726,095) 
     (616,214)
  
    Interest income 
     37,492  
     239,353 
  
    Rental income (Note 17) 
     76,413  
     184,564 
  
    Other 
     (85,765) 
     - 
  
    Total
    other income (expense) 
     (697,955) 
     (192,297)

    Net
    loss 
     (16,163,789) 
     (14,928,958)

    Loss per share (basic
    and diluted) 
    $(5.84) 
    $(8.44)
  
    Weighted average number
    of shares (basic and diluted) 
     2,768,732  
     1,768,991 

See
accompanying Notes to Consolidated Financial Statements.

46

Worksport
Ltd.

Consolidated
Statements of Shareholders’ Equity

December
31, 2024 and 2023

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Receivable  
    Payable  
    Deficit  
    Adjustment  
    (Deficit) 

    Preferred
    Stock  
    Common
    Stock  
    Additional
    Paid-in  
    Share
    Subscriptions  
    Share
    Subscription  
    Accumulated  
    Cumulative
    Translation  
    Total Stockholders’
                                            Equity 

    Shares  
    Amount  
    Shares