Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 178

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 178
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    Tonneau Covers  
    Corporate
    / Eliminations  
    Consolidated 
  
    Net sales 
    $5,171,201  
    $3,313,178  
    $-  
    $8,484,379  
    $-  
    $1,285,734 
    $243,898  
    $1,529,632 
  
    Less: 

    Cost of sales 
     (4,663,491) 
     (2,915,238) 
     -  
     (7,578,729) 
     -  
     (1,118,389) 
     (170,729) 
     (1,289,118)
  
    Selling, general and administrative 
     (5,918,555) 
     (4,762,105) 
     (3,937,539) 
     (14,618,199)  
     (912,827) 
     (6,596,626) 
     (6,357,980) 
     (13,867,433)
  
    Depreciation and amortization 
     (1,206,499) 
     (440,916) 
     (105,870) 
     (1,753,285) 
     (52,935) 
     (695,310) 
     (361,497) 
     (1,109,742)
  
    Net loss from continuing operations 
     (6,617,344) 
     (4,805,081) 
     (4,043,409) 
     (15,465,834) 
     (965,762) 
     (7,124,591) 
     (6,646,308) 
     (14,736,661)

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

Schedule
of Net Sales Disaggregated by Geographic Area

    Hard
    Tonneau Covers  
    Soft
    Tonneau Covers  
    Consolidated  
    Hard
    Tonneau Covers  
    Soft
    Tonneau Covers  
    Consolidated 

     2024  
     2023 

    Hard
    Tonneau Covers