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Worksport .(WKSP) - 2020 Q3 - Quarterly Report
2020-11-16 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended September 30, 2020 or [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ______________________ to _____________________ Commission File Number: 000-27631 Worksport Ltd. (formerly Franchise Holdings International, Inc) (Exact name of regis ...
Worksport .(WKSP) - 2020 Q2 - Quarterly Report
2020-08-27 21:02
[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 company's financial statements for the period ended June 30, 2020, show a significant revenue decline and increased net loss, primarily due to the COVID-19 pandemic, with a shareholders' deficit and going concern uncertainty [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2020, the company reported total assets of **$742,729** and a shareholders' deficit of **$782,622**, reflecting an increase in assets and a slight improvement in the deficit from December 31, 2019 Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | June 30, 2020 ($) | December 31, 2019 ($) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $21,111 | $11,993 | | Total Current Assets | $519,498 | $253,685 | | Total Assets | $742,729 | $481,308 | | **Liabilities & Shareholders' Deficit** | | | | Total Current Liabilities | $1,452,715 | $1,324,684 | | Total Liabilities | $1,525,351 | $1,363,869 | | Total Shareholders' Deficit | $(782,622) | $(882,561) | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the six months ended June 30, 2020, net sales significantly decreased to **$107,129**, resulting in a net loss of **$344,451**, primarily due to the COVID-19 pandemic Statement of Operations Summary (Unaudited) | Metric | Six Months Ended June 30, 2020 ($) | Six Months Ended June 30, 2019 ($) | | :--- | :--- | :--- | | Net Sales | $107,129 | $1,088,974 | | Gross Profit | $21,235 | $284,340 | | Loss from operations | $(257,732) | $(76,624) | | Net Loss | $(344,451) | $(128,220) | | Loss per Share (Basic and Diluted) | $(0.01) | $(0.00) | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2020, the company used **$229,553** in cash from operating activities, offset by **$247,435** from financing, resulting in a slight increase in cash and cash equivalents to **$21,111** Cash Flow Summary (Unaudited) | Activity | Six Months Ended June 30, 2020 ($) | Six Months Ended June 30, 2019 ($) | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(229,553) | $99,896 | | Net cash used in investing activities | $(8,764) | $(1,198) | | Net cash provided by financing activities | $247,435 | $25,688 | | **Change in cash** | **$9,118** | **$104,375** | | **Cash and cash equivalents – end of period** | **$21,111** | **$129,698** | [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, a going concern warning due to recurring losses and accumulated deficit, new financing agreements, a COVID-19 relief loan, high customer concentration, and prior period financial revisions - The company's financial statements have been prepared on a going concern basis, but recurring net losses (**$344,451** for the six months ended June 30, 2020) and a significant accumulated deficit (**$12,022,864**) raise substantial doubt about its ability to continue[23](index=23&type=chunk) - On February 25, 2020, the company issued a secured convertible promissory note to Leonite Capital for an aggregate principal amount of **$544,425**. As part of the deal, Leonite received **450,000** common shares and a five-year warrant to purchase **900,000** common shares[32](index=32&type=chunk) - The company received a **$28,397** (**$40,000 CDN**) interest-free loan from the Government of Canada under the COVID-19 small business relief program. **25%** of the loan may be forgiven if repaid by December 31, 2022[69](index=69&type=chunk) - Financial statements for prior periods were revised to correct an immaterial error related to the recognition of a deemed dividend from an anti-dilution feature triggered in March 2019[71](index=71&type=chunk)[72](index=72&type=chunk) Significant Customer Sales Concentration | Customer | 2020 (% of Sales) | 2019 (% of Sales) | | :--- | :--- | :--- | | Customer A | 55.7% | 3.9% | | Customer B | 11.3% | 2.0% | | Customer C | - | 86.5% | - Subsequent to June 30, 2020, the company issued a total of **4,100,000** common shares to a consultant, entered a new **$10,000** loan agreement, and issued a warrant to purchase **1,250,000** common shares[73](index=73&type=chunk)[74](index=74&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the **90%** revenue decline and widened net loss for H1 2020 to the COVID-19 pandemic, which disrupted operations and increased freight costs, while the company secured financing to support liquidity [COVID-19 Impact](index=21&type=section&id=COVID-19%20Impact) The company anticipates continued disruptions to manufacturing and sales due to the COVID-19 pandemic, leading to low consumer confidence and material uncertainty for future performance - The company anticipates disruptions to manufacturing and a significant reduction in sales due to lockdown orders and low consumer confidence resulting from the COVID-19 pandemic[79](index=79&type=chunk) - The pandemic and its impact on the global supply chain and financial markets present material uncertainty and risk to the company's performance, financial condition, and cash flows[80](index=80&type=chunk) [Results of Operations](index=21&type=section&id=Results%20of%20Operations) Revenue for H1 2020 plummeted **90%** to **$107,129**, increasing cost of sales as a percentage of sales and decreasing gross margin to **20%**, resulting in a **169%** increase in net loss to **$344,451** Revenue and Gross Margin Comparison (Six Months Ended June 30) | Metric | 2020 ($) | 2019 ($) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $107,129 | $1,088,974 | -90% | | Gross Margin % | 20% | 26% | -6 p.p. | | Net Loss | $(344,451) | $(128,220) | +169% | - The decrease in gross margin was primarily driven by increased freight costs, which accounted for **23%** of cost of sales in H1 2020, up from **4%** in H1 2019[86](index=86&type=chunk)[88](index=88&type=chunk) - Operating expenses decreased by **$81,997** for the six-month period, mainly due to lower professional fees and general and administrative expenses as a result of reduced operations during the pandemic[89](index=89&type=chunk)[91](index=91&type=chunk) [Liquidity and Capital Resources](index=23&type=section&id=Liquidity%20and%20Capital%20Resources) Cash decreased to **$21,111** by June 30, 2020, due to lower sales and operating cash usage, but liquidity was bolstered by a convertible promissory note and government relief loans - Cash used in operations was **$229,553**, a reversal from cash provided by operations of **$99,896** in the prior year, driven by lower sales and disruptions from COVID-19[14](index=14&type=chunk)[92](index=92&type=chunk) - Financing activities provided **$247,435** in cash, primarily from a convertible promissory note (**$182,500**), a third-party loan (**$32,439**), and a Canadian government COVID-19 relief loan (**$28,397**)[95](index=95&type=chunk) - The company has no off-balance sheet arrangements[96](index=96&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=23&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exempt from providing quantitative and qualitative disclosures about market risk as a "smaller reporting company" - As a "smaller reporting company," the registrant is exempt from providing quantitative and qualitative disclosures about market risk[99](index=99&type=chunk) [Controls and Procedures](index=24&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were ineffective as of June 30, 2020, due to limited staff and the absence of a formal audit committee with a financial expert - The CEO and CFO concluded that the company's disclosure controls and procedures are not effective as of June 30, 2020[101](index=101&type=chunk) - The ineffectiveness is due to a limited number of employees, which prohibits segregation of duties, and the absence of a formal audit committee with a financial expert[102](index=102&type=chunk) - There were no changes in internal control over financial reporting during the period that materially affected, or are reasonably likely to materially affect, internal controls[103](index=103&type=chunk) [PART II OTHER INFORMATION](index=25&type=section&id=PART%20II%20OTHER%20INFORMATION) [Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings) The company is not a party to any material legal proceedings, nor are any currently contemplated or threatened - The company is not involved in any material legal proceedings[105](index=105&type=chunk) [Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, Worksport Ltd. is not required to provide risk factor disclosures in its Form 10-Q and refers to its 2019 Form 10-K - The company is a smaller reporting company and is not required to provide this information. It refers to its 2019 Form 10-K for risk factors[106](index=106&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=25&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not complete any unregistered sales of equity securities during the six months ended June 30, 2020 - No unregistered sales of equity securities were completed during the six months ended June 30, 2020[107](index=107&type=chunk) [Defaults Upon Senior Securities](index=25&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon its senior securities - There have been no defaults upon senior securities[108](index=108&type=chunk) [Other Information](index=25&type=section&id=Item%205.%20Other%20Information) As a "smaller reporting company," the registrant is exempt from providing information in this item - As a "smaller reporting company," the registrant is exempt from providing information in this item[110](index=110&type=chunk) [Exhibits](index=26&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the quarterly report, including corporate governance documents, officer certifications, and XBRL data files - Exhibits filed include corporate governance documents (Articles of Incorporation, By-Laws), officer certifications (302, 906), and XBRL financial data[111](index=111&type=chunk) [Signatures](index=27&type=section&id=SIGNATURES) [Signatures](index=27&type=section&id=Signatures) The quarterly report was signed on August 27, 2020, by CEO Steven Rossi and CFO Michael Johnston - The report was signed on August 27, 2020, by CEO Steven Rossi and CFO Michael Johnston[116](index=116&type=chunk)[117](index=117&type=chunk)
Worksport .(WKSP) - 2020 Q1 - Quarterly Report
2020-07-02 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended March 31, 2020 or [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to Commission File Number: 000-27631 Worksport, Ltd (formerly Franchise Holdings International, Inc) (Exact name of registrant as specified in its charter) (State or othe ...
Worksport .(WKSP) - 2019 Q4 - Annual Report
2020-05-14 19:28
Part I [Business](index=5&type=section&id=ITEM%201.%20BUSINESS) Worksport Ltd. designs and manufactures innovative, competitively priced tonneau covers for pickup trucks, targeting North American aftermarket and OEM markets - The company's primary business is conducted through its subsidiary, **Worksport Ltd.**, acquired in December 2014, focusing on designing and manufacturing innovative tonneau covers for pickup trucks[12](index=12&type=chunk)[13](index=13&type=chunk) - The specialty-equipment market was valued at **$42.92 billion in 2017** and is projected to grow, supported by a strong economy and high consumer confidence[15](index=15&type=chunk)[16](index=16&type=chunk) - Worksport targets master warehouse distributors, dealers, and OEM vehicle manufacturers such as **Toyota, Ford, and General Motors**, distributing through Canadian distributors and primarily US dealers and wholesalers[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) - The main competitor is **Truck Hero Group**; Worksport competes by offering aggressively priced products, such as its Tri Fold cover at **US$239** compared to competitors' prices ranging from **$269 to $425**[34](index=34&type=chunk)[36](index=36&type=chunk) - Worksport's strategy includes growing **private label sales** and expanding its intellectual property portfolio, holding **3 granted patents and 3 pending applications** in Canada and the USA as of 2019[39](index=39&type=chunk)[42](index=42&type=chunk) Current Patent and Trademark Portfolio | PATENT | DESCRIPTION | STATUS | AREA | STATUS | | :--- | :--- | :--- | :--- | :--- | | 62/823,316 | 3 LATCHES | APPLICATION | WORLD WIDE | PENDING | | US20170355251A1 | QUATTRO | GRANTED | US | EXPIRES IN 2035 | | US10252676B2 | TOOL BAG | GRANTED | US | EXPIRES IN 2035 | | WO2017070786A1 | ALPHA (BRANCH OFF TERRAVIS) | WORLDWIDE PCT APPLICATION | WORLD WIDE | PENDING | | US8814249B2 | SMART LATCH | GRANTED | US | EXPIRES IN 2040 | | 1920142 | WORKSPORT LOGO MARK | TRADEMARK APPLICATION IN CANADA | CANADA | GRANTED | | 1921043 | WORKSPORT WORD MARK | TRADEMARK APPLICATION IN CANADA | CANADA | GRANTED | | 88/120,025 | WORKSPORT WORK MARK | TRADEMARK APPLICATION IN US | US | GRANTED | | 88/120,020 | WORKSPORT LOGO MARK | TRADEMARK APPLICATION IN THE US FOR LOGO. | US | GRANTED | [Risk Factors](index=14&type=section&id=ITEM%201A%20RISK%20FACTORS) As a "smaller reporting company," the company is not required to provide information for this item [Properties](index=14&type=section&id=ITEM%202.%20PROPERTIES) The company uses Toronto office space and a US third-party logistics warehouse, relying on contracted partners with minimal owned equipment - The company utilizes a bonded third-party logistics warehouse in the USA for stocking all Worksport products, with an annual rent of about **$10,000**[65](index=65&type=chunk) [Legal Proceedings](index=14&type=section&id=ITEM%203.%20LEGAL%20PROCEEDINGS) A legal proceeding with a supplier was settled in February 2020, requiring a **$24,148** payment in installments - A legal proceeding with a supplier was settled on February 6, 2020; the company agreed to pay **$24,148** in four monthly installments of **$6,037**, starting March 1, 2020[66](index=66&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=15&type=section&id=ITEM%205.%20MARKET%20FOR%20REGISTRANT'S%20COMMON%20EQUITY,%20RELATED%20STOCKHOLDER%20MATTERS%20AND%20ISSUER%20PURCHASES%20OF%20EQUITY%20SECURITIES) The company's common stock trades on OTCQB, with **47 million** shares outstanding as of May 2020; no dividends are planned, and an equity incentive plan exists - The company's common stock is traded on the OTC Markets (OTCQB) under the symbol "**FNHI**"[69](index=69&type=chunk) - As of May 14, 2020, there were **47,037,772** shares of common stock and **1,000** shares of preferred stock outstanding[5](index=5&type=chunk) - The company has never declared or paid dividends on its common stock and does not plan to in the foreseeable future[73](index=73&type=chunk) - During the year ended December 31, 2019, the company raised **$30,000** in an unregistered equity sale, issuing **250,000** common shares[76](index=76&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=16&type=section&id=ITEM%207.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Revenue increased **300%** to **$1.93 million** in 2019, net loss decreased **76%**, but gross margin declined and cash fell Revenue Performance (2018 vs. 2019) | Metric | 2019 | 2018 | Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | **$1,926,405** | **$481,521** | **+300%** | | U.S. Revenue | $1,860,563 | $416,331 | +347% | | Private Label Sales | $1,912,401 | $265,969 | +619% | | Online Retailer Sales | $174,793 | $151,285 | +16% | - Gross margin decreased from **20% in 2018 to 12% in 2019**, attributed to foreign exchange rate fluctuations and increased US warehousing costs[86](index=86&type=chunk) - Operating expenses decreased by **36%** year-over-year, from **$1,307,741 in 2018 to $831,973 in 2019**, largely due to a **69%** decrease in consulting fees[89](index=89&type=chunk)[97](index=97&type=chunk) - Net loss for 2019 was **$414,607**, a **76%** decrease from the **$1,763,038** net loss in 2018, driven by higher gross profit, lower operating expenses, and a gain on debt settlement[92](index=92&type=chunk)[97](index=97&type=chunk) - Cash decreased by **53%** from **$25,323** at the end of 2018 to **$11,993** at the end of 2019, partly due to the US-China trade dispute[92](index=92&type=chunk) [Financial Statements and Supplementary Data](index=19&type=section&id=ITEM%208.%20FINANCIAL%20STATEMENTS%20AND%20SUPPLEMENTARY%20DATA) The 2019 financial statements include a 'going concern' warning due to losses and accumulated deficit, noting customer concentration and COVID-19 impact - The independent auditor's report highlights a '**going concern**' issue, citing the company's net losses and accumulated deficit as factors that raise substantial doubt about its ability to continue operations[102](index=102&type=chunk)[115](index=115&type=chunk) Consolidated Statement of Operations Highlights | Metric | 2019 | 2018 | | :--- | :--- | :--- | | Net Sales | $1,926,405 | $481,521 | | Gross Profit | $238,547 | $96,614 | | Loss from operations | ($593,424) | ($1,211,127) | | Net Loss | ($414,607) | ($1,763,038) | | Loss per Share (basic and diluted) | ($0.01) | ($0.08) | Consolidated Balance Sheet Highlights | Metric | Dec 31, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | | Cash and cash equivalents | $11,993 | $25,323 | | Total Assets | $481,308 | $557,368 | | Total Liabilities | $1,363,869 | $780,928 | | Total Shareholders' Deficit | ($882,561) | ($223,560) | - The company has a significant customer concentration risk, with one customer (Customer A) accounting for **89%** of total sales in 2019, up from **37.8%** in 2018[178](index=178&type=chunk)[180](index=180&type=chunk) - The company has a supplier concentration risk, purchasing all of its inventory from a single source in Asia[177](index=177&type=chunk) - Subsequent to year-end, the company changed its name to **Worksport Ltd.**, took on a new secured promissory note for **$544,425**, and expects sales to decrease significantly in the first half of 2020 due to the **COVID-19 pandemic**[200](index=200&type=chunk) [Controls and Procedures](index=43&type=section&id=ITEM%209A.%20CONTROLS%20AND%20PROCEDURES) Management found disclosure controls and internal financial reporting ineffective due to material weaknesses like resource limitations and lack of independent board members - Management concluded that disclosure controls and procedures were not effective as of the end of the fiscal year[198](index=198&type=chunk) - Internal control over financial reporting was deemed ineffective due to material weaknesses, including a lack of sufficient resources, inability to separate duties, and inconsistent accounting policies[203](index=203&type=chunk) - A specific material weakness noted is that the Board of Directors does not have any independent members, and no director qualifies as an audit committee financial expert[204](index=204&type=chunk) Part III [Directors, Executive Officers, and Corporate Governance](index=46&type=section&id=ITEM%2010.%20DIRECTORS,%20EXECUTIVE%20OFFICERS,%20AND%20CORPORATE%20GOVERNANCE) The report identifies directors and executive officers, noting the board lacks independent members, while an audit committee has been established Directors and Executive Officers | Name | Position Held | | :--- | :--- | | Steven Rossi | President, Secretary and Director | | Michael Johnston | Chief Financial Officer | | Paul Haber | Director | | Lorenzo Rossi | Director | | Craig Loverock | Director; Chair of Audit Committee | - The Board of Directors does not have any members who are considered independent[230](index=230&type=chunk) - An audit committee has been established, chaired by **Craig Loverock**[217](index=217&type=chunk) [Executive Compensation](index=48&type=section&id=ITEM%2011.%20EXECUTIVE%20COMPENSATION) Executive compensation for 2019 primarily consisted of a salary paid to Steven Rossi, with no formal employment agreements in place Executive Salaries | Executive | Position | 2019 Salary | 2018 Salary | | :--- | :--- | :--- | :--- | | Steven Rossi | President, CEO | $65,589 | $63,796 | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=48&type=section&id=ITEM%2012.%20SECURITY%20OWNERSHIP%20OF%20CERTAIN%20BENEFICIAL%20OWNERS%20AND%20MANAGEMENT%20AND%20RELATED%20STOCKHOLDER%20MATTERS) As of May 2020, CEO Steven Rossi was the largest beneficial owner with **29%** of common shares and significant voting control via preferred stock - As of May 14, 2020, **Steven Rossi** beneficially owned **13,583,397** common shares, representing **29%** of the outstanding shares[226](index=226&type=chunk) - Mr. Rossi also owns **1,000** shares of Series B Preferred Stock, with each share having voting rights equal to **10,000** shares of common stock[226](index=226&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=50&type=section&id=ITEM%2013.%20CERTAIN%20RELATIONSHIPS%20AND%20RELATED%20TRANSACTIONS,%20AND%20DIRECTOR%20INDEPENDENCE) The company has related-party transactions with CEO Steven Rossi, including a patent license and salary payments, and the board lacks independent directors - Worksport licenses U.S. Patent **8,814,249** from CEO **Steven Rossi** and has paid **$7,718** in related patent filing expenses[228](index=228&type=chunk) - During fiscal year 2019, CEO **Steven Rossi** was paid a salary of **$65,589**[228](index=228&type=chunk) - The Board of Directors has determined that no board members are considered independent based on NASDAQ's definition[230](index=230&type=chunk) [Principal Accounting Fees and Services](index=50&type=section&id=ITEM%2014.%20PRINCIPAL%20ACCOUNTING%20FEES%20AND%20SERVICES) Haynie & Company billed **$84,287** in audit fees for 2019, with an audit committee evaluating the auditor's engagement Audit Fees | Fiscal Year | Auditor | Fees Billed | | :--- | :--- | :--- | | 2019 | Haynie & Company | $84,287 | | 2018 | Haynie & Company | $38,200 | Part IV [Exhibits, Financial Statement Schedules](index=51&type=section&id=ITEM%2015.%20EXHIBITS,%20FINANCIAL%20STATEMENT%20SCHEDULES) This section lists key exhibits filed with the 10-K report, including corporate documents, agreements, and CEO/CFO certifications - Lists key corporate documents filed as exhibits, including Articles of Incorporation, Bylaws, and the Definitive Share Exchange Agreement for the acquisition of **Worksport, Ltd.**[234](index=234&type=chunk) - Includes the patent license agreement with **Steven Rossi** and various service and shipping agreements[234](index=234&type=chunk) - Certifications from the CEO/CFO pursuant to Sections **302** and **906** of the Sarbanes-Oxley Act are filed as exhibits **31.1** and **32.1**[234](index=234&type=chunk)
Worksport .(WKSP) - 2019 Q3 - Quarterly Report
2019-11-15 13:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended September 30, 2019 For the Transition period from ______________________ to _____________________ Commission File Number: 000-27631 FRANCHISE HOLDINGS INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) NEVADA 65-0782227 ...
Worksport .(WKSP) - 2019 Q2 - Quarterly Report
2019-08-14 18:08
(Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended June 30, 2019 or [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ______________________ to _____________________ Commission File Number: 000-27631 FRANCHISE HOLDINGS INTERNATIONAL, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its char ...
Worksport .(WKSP) - 2019 Q1 - Quarterly Report
2019-05-31 18:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended March 31, 2019 or [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from ______________________ to _____________________ Commission File Number: 000-27631 FRANCHISE HOLDINGS INTERNATIONAL, INC. (Exact name of registrant as specified in its cha ...
Worksport .(WKSP) - 2018 Q4 - Annual Report
2019-05-13 21:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2018 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-27631 Franchise Holdings International, Inc. (Exact Name of Small Business Issuer as specified in its charter) (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Or ...