The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -4,928,679 | -8,194,948 |
| Shares, options and warrants issued for services | 773,790 | 1,365,776 |
| Depreciation and amortization | 470,654 | 888,868 |
| Change in operating lease | 29,389 | -9,739 |
| Adjustments to reconcile net income loss to cash provided by (used in) operating activities | -3,713,624 | -5,930,565 |
| Changes in operating assets and liabilities (note 10) | 541,525 | 1,004,468 |
| Net cash used in operating activities | -4,255,149 | -6,935,033 |
| Purchase of intangible assets | 120,223 | 256,579 |
| Purchase of property and equipment | 364,237 | 269,845 |
| Purchase of investments | 0 | 56,373 |
| Net cash used in investing activities | -484,460 | -582,797 |
| Proceeds from warrant exercise | 0 | 6,384,840 |
| Proceeds from issuance of preferred stock, net of issuance cost | 2,066,868 | 15,145 |
| Shareholder assumption of debt | - | 0 |
| Proceeds from issuance of warrants, net of issuance cost | 4,270,408 | 116,781 |
| Proceeds from line of credit | 5,393,403 | 3,449,736 |
| Repayments on line of credit | 4,882,770 | 6,027,679 |
| Repayments on long-term debt | 51,511 | 96,826 |
| Proceeds from issuance of common shares, net of issuance cost | 311,761 | 185,874 |
| Net cash provided by (used in) financing activities | 7,108,159 | 4,027,871 |
| Change in cash | 2,368,550 | -3,489,959 |
| Cash and cash equivalents at beginning of period | 4,883,099 | - |
| Cash and cash equivalents at end of period | 3,761,690 | - |
Worksport Ltd (WKSP)
Worksport Ltd (WKSP)