Company: WKSP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022113
Chunk: 3

Company: Worksport Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
 (229,701) 
     (462,481) 
     (487,463)
  
    Interest
    income 
     2,979  
     -  
     22,415  
     3,054 
  
    Rental
    income 
     -  
     -  
     -  
     76,866 
  
    Total
    other income (expense) 
     (135,908) 
     (229,701) 
     (440,066) 
     (407,543)

    Net
    loss 
    $(4,928,679) 
    $(4,134,917) 
    $(13,123,627) 
    $(11,862,973)

    Loss
    per share (basic and diluted) 
    $(0.75) 
    $(1.40) 
    $(2.44) 
    $(4.64)
  
    Weighted
    average number of shares (basic and diluted) 
     6,563,228  
     2,943,279  
     5,377,750  
     2,554,075 

See
accompanying Notes to Condensed Consolidated Financial Statements which form an integral part of the Condensed Consolidated Financial
Statements.

4

Worksport
Ltd. 

Condensed
Consolidated Statements of Shareholders’ Equity

For
the Three Months Ended September 30, 2025 and 2024

(Unaudited)

    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  
    Amount  
    Capital  
    Receivable  
    Payable  
    Deficit  
    Adjustment  
    (Deficit) 
  
    Balance at July 1, 2024 
     100  
    $-  
     2,852,070  
    $2,852  
    $69,230,341