For the quarter ending 2025-09-30, WKSP has $27,048,622 in assets. $7,269,230 in debts. $3,761,690 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 3,761,690 | 1,393,140 | ||
| Accounts receivable, net | 515,074 | 295,961 | ||
| Other receivable | 209,702 | 228,086 | ||
| Inventory (note 3) | 6,835,491 | 5,881,513 | ||
| Prepaid expenses and deposits (note 6) | 1,055,971 | 692,292 | ||
| Total current assets | 12,377,928 | 8,490,992 | ||
| Investments (note 11) | 122,681 | 122,681 | ||
| Property and equipment, at cost | 17,310,333 | - | ||
| Less accumulated depreciation | 4,102,170 | - | ||
| Property and equipment, net (note 4) | 13,208,163 | 13,218,121 | ||
| Operating lease right-of-use assets (note 12) | 299,376 | 731,633 | ||
| Intangible assets, gross carrying amount | 1,727,438 | - | ||
| Less accumulated amortization | 686,964 | - | ||
| Intangible assets, net (note 5) | 1,040,474 | 1,016,710 | ||
| Total assets | 27,048,622 | 23,580,137 | ||
| Accounts payable | 2,814,718 | 1,973,131 | ||
| Accrued liabilities and other | 1,078,355 | 682,781 | ||
| Accrued compensation | 288,489 | 517,475 | ||
| Long-term debt, current portion (note 13) | 1,774,307 | 235,865 | ||
| Lease liability, current portion (note 12) | 110,202 | 323,698 | ||
| Total current liabilities | 6,066,071 | 3,732,950 | ||
| Lease liability, excluding current portion (note 12) | 189,116 | 437,266 | ||
| Long-term debt, excluding current portion (note 13) | 1,014,043 | 2,093,363 | ||
| Total liabilities | 7,269,230 | 6,263,579 | ||
| Series a, b preferred & series c convertible preferred stock, 0.001par value,10,000,000shares authorized, 100 series a, 0 series b, and 371,784 series c issued and outstanding, respectively (note 7) | 372 | 49 | ||
| Common stock, 0.001 par value, 45,000,000 shares authorized, 7,589,036 and 4,016,205 shares issued and outstanding, respectively (note 7) | 7,588 | 5,518 | ||
| Additional paid-in capital | 95,783,778 | 87,970,432 | ||
| Share subscriptions receivable | 512,392 | 1,577 | ||
| Share subscriptions payable | 2,126,352 | 2,022,630 | ||
| Accumulated deficit | -77,617,726 | -72,671,914 | ||
| Cumulative translation adjustment | -8,580 | -8,580 | ||
| Total shareholders equity | 19,779,392 | 17,316,558 | ||
| Total liabilities and shareholders equity | 27,048,622 | 23,580,137 | ||
Worksport Ltd (WKSP)
Worksport Ltd (WKSP)