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Worksport .(WKSP) - 2023 Q3 - Quarterly Report
2023-11-14 22:03
[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements.) The unaudited condensed consolidated financial statements for Worksport Ltd. as of September 30, 2023, show increased revenue but widening net loss and decreased cash and working capital [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2023, total assets decreased to **$24.6 million** from **$32.8 million** at year-end 2022, primarily due to a significant reduction in cash and cash equivalents Condensed Consolidated Balance Sheet Highlights (as of Sep 30, 2023 vs. Dec 31, 2022) | Account | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $2,965,578 | $14,620,757 | | Total Current Assets | $7,894,134 | $18,332,107 | | Property and Equipment, net | $14,329,099 | $11,900,672 | | Total Assets | $24,621,491 | $32,764,130 | | **Liabilities & Equity** | | | | Total Current Liabilities | $7,563,771 | $2,461,730 | | Total Liabilities | $8,207,186 | $8,645,876 | | Accumulated deficit | ($44,654,242) | ($33,384,219) | | Total Shareholders' Equity | $16,414,305 | $24,118,254 | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) For the three and nine months ended September 30, 2023, Worksport reported dramatic net sales increases but significantly higher operating expenses, leading to larger net losses Statement of Operations Summary (Three Months Ended Sep 30) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Net Sales | $458,483 | $18,350 | | Gross Profit | $89,687 | $5,748 | | Total operating expenses | $4,009,196 | $2,948,576 | | Net Loss | ($3,949,298) | ($2,877,660) | | Loss per Share | ($0.23) | ($0.17) | Statement of Operations Summary (Nine Months Ended Sep 30) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Net Sales | $690,259 | $77,439 | | Gross Profit | $148,418 | $18,873 | | Total operating expenses | $11,336,594 | $9,067,672 | | Net Loss | ($11,270,023) | ($9,067,588) | | Loss per Share | ($0.65) | ($0.53) | [Condensed Consolidated Statements of Shareholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Shareholders'%20Equity) Shareholders' equity decreased from **$24.1 million** at the start of 2023 to **$16.4 million** by September 30, 2023, primarily due to the **$11.3 million** net loss - Total stockholders' equity decreased from **$24,118,254** on January 1, 2023, to **$16,414,305** on September 30, 2023[14](index=14&type=chunk) - The accumulated deficit increased by **$11,270,023** during the first nine months of 2023, reflecting the company's net loss for the period[14](index=14&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2023, the company experienced a significant net cash decrease of **$11.7 million**, driven by operating and investing activities Cash Flow Summary (Nine Months Ended Sep 30) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | ($8,194,347) | ($6,361,539) | | Net cash used in investing activities | ($3,512,469) | ($10,212,245) | | Net cash received from financing activities | $51,637 | $5,285,712 | | **Change in cash** | **($11,655,179)** | **($11,288,072)** | - Cash and cash equivalents fell from **$14.6 million** at the beginning of the year to **$3.0 million** at the end of the period[15](index=15&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes detail significant accounting policies, including substantial doubt about going concern, inventory increases, and a **$4.3 million** capital raise in November 2023 - The company's ability to continue as a going concern is in substantial doubt due to a history of net losses, an accumulated deficit of **$44.7 million**, and reliance on debt and equity financing[31](index=31&type=chunk)[32](index=32&type=chunk)[37](index=37&type=chunk) - Inventory increased significantly to **$3.55 million** from **$1.35 million** at year-end 2022, driven by a large increase in raw materials in preparation for manufacturing[40](index=40&type=chunk) - Subsequent to the quarter end, on November 2, 2023, the company raised net proceeds of **$4,261,542** through a sale of common stock and pre-funded warrants[100](index=100&type=chunk)[35](index=35&type=chunk) - During the nine months ended September 30, 2023, the company issued a total of **3,206,256** stock options to employees, consultants, and directors[94](index=94&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's focus on tonneau covers and clean energy, highlighting significant revenue growth, increased operating expenses, and ongoing liquidity challenges [Business Developments](index=22&type=section&id=Business%20Developments) In the first nine months of 2023, Worksport achieved key milestones including U.S. manufacturing setup, new product launches, and securing significant purchase orders and supply agreements - Completed installation of its custom manufacturing line in the U.S. and began production runs in May 2023[113](index=113&type=chunk) - Received purchase orders totaling approximately **$2.32 million** for its soft-folding and hard-folding tonneau covers in July 2023[113](index=113&type=chunk) - Signed a long-term supply agreement in September 2023 with an automotive aftermarket reseller, expecting annual sales of an estimated **$16 million**[113](index=113&type=chunk) [Results of Operations](index=25&type=section&id=Results%20of%20Operations) The company's financial performance for the three and nine months ended September 30, 2023, shows substantial revenue growth, primarily from new private label sales, but also widened net losses due to increased operating expenses Revenue Comparison (Three Months Ended Sep 30) | Period | 2023 | 2022 | % Change | | :--- | :--- | :--- | :--- | | Revenue | $458,483 | $18,350 | +2,399% | Revenue Comparison (Nine Months Ended Sep 30) | Period | 2023 | 2022 | % Change | | :--- | :--- | :--- | :--- | | Revenue | $690,259 | $77,439 | +791% | - Private label sales, which were **$0** in Q3 2022, grew to **$432,659** in Q3 2023, accounting for **94%** of total revenue[131](index=131&type=chunk) - Net loss for Q3 2023 increased to **$3,949,298** from **$2,877,660** in Q3 2022, a **37%** increase, driven by higher operating expenses[137](index=137&type=chunk) [Liquidity and Capital Resources; Going Concern](index=28&type=section&id=Liquidity%20and%20Capital%20Resources%3B%20Going%20Concern) The company's liquidity has significantly tightened, with cash and working capital dropping sharply, leading to substantial doubt about its ability to continue as a going concern, despite a recent **$4.3 million** capital raise Liquidity Metrics | Metric | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $2,965,578 | $14,620,757 | | Working Capital | $330,423 | $15,870,377 | | Accumulated Deficit | ($44,654,242) | ($33,384,219) | - The company's ability to continue as a going concern is dependent on generating cash from operations and obtaining additional financing[147](index=147&type=chunk) - On November 2, 2023, the company closed a sale of common stock and pre-funded warrants for total net proceeds of **$4,261,542**[151](index=151&type=chunk) [Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were not effective as of September 30, 2023, with no material changes to internal control over financial reporting during the quarter - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were not effective as of the end of the quarter[167](index=167&type=chunk) - There were no changes in internal control over financial reporting during the period that have materially affected, or are reasonably likely to materially affect, internal controls[170](index=170&type=chunk) [PART II. OTHER INFORMATION](index=31&type=section&id=PART%20II%20OTHER%20INFORMATION) [Legal Proceedings](index=31&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings - None[171](index=171&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=31&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) On May 1, 2023, the company issued **2,000,000** stock options to its CEO, Steven Rossi, in exchange for modifying previously issued restricted and performance stock units - On May 1, 2023, the Company issued its CEO stock options to purchase up to **2,000,000** shares of common stock at an exercise price of **$1.74** per share[173](index=173&type=chunk) - The issuance was in exchange for modifying **1,600,000** restricted stock units and **400,000** performance stock units previously granted to the CEO[173](index=173&type=chunk) [Other Information](index=31&type=section&id=Item%205.%20Other%20Information) This section outlines key events after quarter-end, including the sale of **71,698** common shares for **$118,697** and a larger financing deal raising **$4,261,542** in November 2023 - Subsequent to September 30, 2023, the Company sold **71,698** shares of common stock for net proceeds of **$118,697** via its ATM agreement[178](index=178&type=chunk) - On November 2, 2023, the Company raised net proceeds of **$4,261,542** through a sale of **1,925,000** shares of common stock and **1,575,000** pre-funded warrants[178](index=178&type=chunk)
Worksport .(WKSP) - 2023 Q2 - Quarterly Report
2023-08-14 18:59
☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended: June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-40681 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Worksport Ltd. (Exact Name of Small Business Issuer as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 25 ...
Worksport .(WKSP) - 2023 Q1 - Quarterly Report
2023-05-15 17:55
PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements.) Worksport Ltd. reported a **$3.52 million** net loss for Q1 2023, with total assets at **$30.10 million** and an accumulated deficit of **$36.91 million** [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Key balance sheet figures show a decrease in cash and total assets, alongside an increase in accumulated deficit Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $10,489,214 | $14,620,757 | | Total Current Assets | $14,705,146 | $18,332,107 | | Total Assets | $30,096,232 | $32,764,130 | | **Liabilities & Equity** | | | | Total Current Liabilities | $2,432,819 | $2,461,730 | | Total Liabilities | $8,513,131 | $8,645,876 | | Accumulated deficit | $(36,907,489) | $(33,384,219) | | Total Shareholders' Equity | $21,583,101 | $24,118,254 | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) The company reported a net loss of **$3.52 million** for Q1 2023, driven by increased operating expenses despite minimal net sales Statement of Operations Summary (Unaudited) | Metric | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net Sales | $31,925 | $47,784 | | Gross Profit | $12,168 | $9,807 | | Total operating expenses | $3,542,116 | $2,807,587 | | Loss from operations | $(3,529,948) | $(2,797,780) | | Net Loss | $(3,523,270) | $(2,817,609) | | Loss per Share (basic and diluted) | $(0.21) | $(0.17) | [Condensed Consolidated Statements of Shareholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Shareholders%27%20Equity) Shareholders' equity decreased significantly due to the net loss incurred during the quarter - Total shareholders' equity decreased from **$31.90 million** as of March 31, 2022, to **$21.58 million** as of March 31, 2023, primarily driven by the **$3.52 million** net loss during the quarter[10](index=10&type=chunk) [Condensed Consolidated Statements of Cash Flow](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flow) Cash and cash equivalents significantly decreased due to substantial cash used in operating and investing activities Cash Flow Summary (Unaudited) | Cash Flow Activity | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(2,934,410) | $(2,130,184) | | Net cash used in investing activities | $(1,153,229) | $(614,046) | | Net cash used in financing activities | $(43,904) | $(1,863) | | **Change in cash** | **$(4,131,543)** | **$(2,758,395)** | | Cash at end of period | $10,489,214 | $25,808,938 | [Notes to the Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, going concern uncertainty, equity compensation changes, and subsequent events impacting the company's financial position - The company's ability to continue as a going concern is in doubt due to a history of net losses and an accumulated deficit of **$36.9 million** as of March 31, 2023[28](index=28&type=chunk)[29](index=29&type=chunk)[31](index=31&type=chunk) - During Q1 2023, the company issued **810,106** new stock options and cancelled **400,000** options, exchanging them for an extension on **300,000** warrants[62](index=62&type=chunk)[82](index=82&type=chunk)[85](index=85&type=chunk) - Subsequent to quarter end, the company sold **4,434** common shares for **$7,624**, cancelled **1.6 million** restricted stock units and **400,000** performance stock units, and issued **2 million** new stock options to the CEO[91](index=91&type=chunk)[92](index=92&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the **33%** revenue decrease, increased operating expenses, and a widened net loss, attributing changes to strategic shifts and asset acquisitions [Results of Operations](index=20&type=section&id=Results%20of%20Operations) Revenue declined by **33%** year-over-year due to a strategic shift towards new sales channels, while operating expenses increased significantly Revenue Comparison (Q1 2023 vs Q1 2022) | Metric | Q1 2023 | Q1 2022 | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $31,925 | $47,784 | -33% | | U.S. Revenue | $26,403 | $47,784 | -45% | | Canadian Revenue | $5,522 | $0 | N/A | - The **33%** decrease in revenue is attributed to the company's strategic focus on establishing new sales channels in preparation for domestic manufacturing expected in Q2 2023[97](index=97&type=chunk) - Operating expenses increased by **$0.73 million** year-over-year, primarily due to a **$1.53 million** rise in general and administrative expenses from expanded R&D and salaries[102](index=102&type=chunk)[106](index=106&type=chunk) - Net loss for Q1 2023 was **$3.52 million**, a **25%** increase from the **$2.82 million** loss in Q1 2022, driven by higher operating expenses[104](index=104&type=chunk) [Liquidity and Capital Resources](index=21&type=section&id=Liquidity%20and%20Capital%20Resources) The company relies on securities offerings for liquidity, with management expecting current cash to cover working capital for at least one year - As of March 31, 2023, the company held **$10.49 million** in cash and cash equivalents with an accumulated deficit of **$36.91 million**[105](index=105&type=chunk) - Historically reliant on securities offerings, management is now transitioning towards revenue as the principal source of liquidity[105](index=105&type=chunk)[106](index=106&type=chunk) - Management believes current cash and anticipated cash flow will be sufficient for working capital requirements for at least one year[106](index=106&type=chunk) [Cash Flow Activities](index=22&type=section&id=Cash%20Flow%20Activities) Cash decreased significantly due to substantial outflows from operating and investing activities, primarily for asset acquisitions - Cash decreased by **$4.13 million (28%)** during Q1 2023, primarily due to acquiring assets for domestic production and increased inventory spending[107](index=107&type=chunk) Cash Flow Activity Summary (Q1 2023 vs Q1 2022) | Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net Cash Used in Operating | $(2,934,410) | $(2,130,184) | | Net Cash Used in Investing | $(1,153,229) | $(614,046) | | Net Cash Used in Financing | $(43,904) | $(1,863) | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=23&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section is not applicable for the reporting period - The company has indicated that Quantitative and Qualitative Disclosures about Market Risk are not applicable[118](index=118&type=chunk) [Item 4. Controls and Procedures](index=23&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective, though financial statements are believed to be fairly presented - An evaluation concluded that the company's disclosure controls and procedures were not effective as of the end of the quarter[119](index=119&type=chunk) - No material changes were made to internal control over financial reporting during the quarter[121](index=121&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=24&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings during the period - There are no legal proceedings to report[123](index=123&type=chunk) [Item 1A. Risk Factors](index=24&type=section&id=Item%201A.%20Risk%20Factors) This section is not applicable for the reporting period - The company has indicated that this item is not applicable[124](index=124&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=24&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities - There were no unregistered sales of equity securities or use of proceeds to report[125](index=125&type=chunk) [Item 3. Defaults Upon Senior Securities](index=24&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - There were no defaults upon senior securities[126](index=126&type=chunk) [Item 4. Mine Safety Disclosures](index=24&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company - This item is not applicable[127](index=127&type=chunk) [Item 5. Other Information](index=24&type=section&id=Item%205.%20Other%20Information) This section discloses subsequent events, including a small common stock sale and a significant restructuring of the CEO's equity compensation - On April 21, 2023, the Company sold **4,434** common shares at **$1.72** per share for proceeds of **$7,624** under its At The Market Offering Agreement[129](index=129&type=chunk) - On May 1, 2023, the Company and CEO Steven Rossi agreed to cancel **1,600,000** restricted stock units and **400,000** performance stock units previously issued to him[129](index=129&type=chunk) - On May 1, 2023, the Company issued **2,000,000** new stock options to CEO Steven Rossi with an exercise price of **$1.74**, expiring in 2033, with vesting tied to stock price increases[129](index=129&type=chunk) [Item 6. Exhibits](index=25&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications (Sections 302 and 906) and Inline XBRL data files - The exhibits filed with this report include Section 302 and 906 certifications by the CEO and CFO, as well as various Inline XBRL documents[130](index=130&type=chunk)
Worksport .(WKSP) - 2022 Q4 - Annual Report
2023-03-31 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-40681 Worksport Ltd. (Exact Name of Small Business Issuer as specified in its charter) Nevada 35-2696895 (State or other jurisdiction of (I.R.S. Employer incorporation or organization ...
Worksport .(WKSP) - 2022 Q3 - Quarterly Report
2022-11-14 20:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended: September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-40681 Worksport Ltd. (Exact Name of Small Business Issuer as specified in its charter) Nevada 35-2696895 55 East Beaver Creek Rd #40 Richmond Hill, Ontario, Canada L4B 1E5 (Address of ...
Worksport .(WKSP) - 2022 Q2 - Quarterly Report
2022-08-19 20:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended: June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-40681 Worksport Ltd. (Exact Name of Small Business Issuer as specified in its charter) (State or Other Jurisdiction of (I.R.S. Employer Nevada 35-2696895 Incorporation or Organization) Iden ...
Worksport .(WKSP) - 2022 Q1 - Quarterly Report
2022-05-23 19:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended: March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 001-40681 Worksport Ltd. (Exact Name of Small Business Issuer as specified in its charter) (State or Other Jurisdiction of (I.R.S. Emplo ...
Worksport .(WKSP) - 2021 Q4 - Annual Report
2022-03-31 21:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-40681 Worksport Ltd. (Exact Name of Small Business Issuer as specified in its charter) Nevada 35-2696895 (State or other jurisdiction of (I.R.S. Employer incorporation or organization ...
Worksport .(WKSP) - 2021 Q3 - Quarterly Report
2021-11-15 14:28
For Quarterly Period Ended: September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 001-40681 Worksport Ltd. (Exact Name of Small Business Issuer as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Nevada 35-2696895 (State or Other Jurisdi ...
Worksport .(WKSP) - 2021 Q2 - Quarterly Report
2021-08-16 19:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended: June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 001-40681 Worksport Ltd. (Exact Name of Small Business Issuer as specified in its charter) (State or Other Jurisdiction of (I.R.S. Employ ...