For the quarter ending 2026-03-31, WKSP has $27,880,801 in assets. $7,903,793 in debts. $566,583 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 566,583 | 5,945,894 | 3,761,690 | 1,393,140 |
| Accounts receivable, net | 480,212 | 503,971 | 515,074 | 295,961 |
| Other receivable | 290,298 | 278,027 | 209,702 | 228,086 |
| Inventory (note 3) | 11,622,889 | 9,530,671 | 6,835,491 | 5,881,513 |
| Prepaid expenses and other (note 6) | 510,219 | 530,861 | 1,055,971 | 692,292 |
| Total current assets | 13,470,201 | 16,789,424 | 12,377,928 | 8,490,992 |
| Investments | 67,033 | 67,033 | 122,681 | 122,681 |
| Property and equipment, at cost | 18,015,621 | 17,033,441 | 17,310,333 | - |
| Less accumulated depreciation | 4,674,723 | 4,344,953 | 4,102,170 | - |
| Property and equipment, net (note 4) | 13,340,898 | 12,688,488 | 13,208,163 | 13,218,121 |
| Operating lease right-of-use assets (note 11) | 244,857 | 272,598 | 299,376 | 731,633 |
| Intangible assets, gross carrying amount | 1,637,694 | - | 1,727,438 | - |
| Less accumulated amortization | 879,882 | - | 686,964 | - |
| Intangible assets, net (note 5) | 757,812 | 896,531 | 1,040,474 | 1,016,710 |
| Total assets | 27,880,801 | 30,714,074 | 27,048,622 | 23,580,137 |
| Accounts payable | 2,843,212 | 3,107,085 | 2,814,718 | 1,973,131 |
| Accrued liabilities and other | 1,019,465 | 1,400,730 | 1,078,355 | 682,781 |
| Accrued compensation | 380,825 | 420,210 | 288,489 | 517,475 |
| Long-term debt, current portion (note 12) | 2,531,178 | 1,686,809 | 1,774,307 | 235,865 |
| Lease liability, current portion (note 11) | 115,980 | 113,012 | 110,202 | 323,698 |
| Total current liabilities | 6,890,660 | 6,727,846 | 6,066,071 | 3,732,950 |
| Lease liability, excluding current portion (note 11) | 128,877 | 159,526 | 189,116 | 437,266 |
| Long-term debt, excluding current portion (note 12) | 884,256 | 950,481 | 1,014,043 | 2,093,363 |
| Total liabilities | 7,903,793 | 7,837,853 | 7,269,230 | 6,263,579 |
| Series a, b and series c preferred stock, 0.001 par value, 10,000,000 shares authorized, 100 series a, 0 series b, and 427,614 and 427,812 series c issued and outstanding, respectively (note 7) | 428 | 428 | 372 | 49 |
| Common stock, 0.001 par value, 45,000,000 shares authorized, 11,925,471 and 9,814,665 shares issued and outstanding, respectively (note 7) | 11,925 | 9,814 | 7,588 | 5,518 |
| Additional paid-in capital | 107,537,779 | 101,357,686 | 95,783,778 | 87,970,432 |
| Share subscriptions receivable | 1,577 | 55,684 | 512,392 | 1,577 |
| Share subscriptions payable | 2,166,063 | 5,446,347 | 2,126,352 | 2,022,630 |
| Accumulated deficit | -89,729,030 | -83,873,790 | -77,617,726 | -72,671,914 |
| Cumulative translation adjustment | -8,580 | -8,580 | -8,580 | -8,580 |
| Total shareholders equity | 19,977,008 | 22,876,221 | 19,779,392 | 17,316,558 |
| Total liabilities and shareholders equity | 27,880,801 | 30,714,074 | 27,048,622 | 23,580,137 |
Worksport Ltd (WKSP)
Worksport Ltd (WKSP)