For the quarter ending 2026-03-31, WKSP had -$5,379,311 decrease in cash & cash equivalents over the period. -$8,338,397 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -5,828,522 | -6,228,670 | -4,928,679 | -8,194,948 |
| Shares, options and warrants issued for services | 747,690 | 896,373 | 773,790 | 1,365,776 |
| Depreciation and amortization | 426,229 | 474,786 | 470,654 | 888,868 |
| Change in operating lease | 60 | 2 | 29,389 | -9,739 |
| Other | - | 256,806 | - | - |
| Adjustments to reconcile net income loss to cash provided by (used in) operating activities | -4,654,543 | -4,600,707 | -3,713,624 | -5,930,565 |
| Changes in operating assets and liabilities (note 10) | 3,580,211 | 1,523,501 | 541,525 | 1,004,468 |
| Net cash provided by (used in) operating activities | -8,234,754 | -6,124,208 | -4,255,149 | -6,935,033 |
| Investments and intangible assets | - | 273,670 | 0 | 56,373 |
| Purchase of intangible assets | - | - | 120,223 | 256,579 |
| Purchase of property and equipment | 103,643 | 155,378 | 364,237 | 269,845 |
| Net cash provided by (used in) investing activities | -103,643 | -52,246 | -484,460 | -582,797 |
| Proceeds from issuance of common shares, net of issuance cost | - | 6,737 | 311,761 | 185,874 |
| Proceeds from warrant exercise (note 14) | - | 5,927,242 | 0 | 6,384,840 |
| Proceeds from issuance of preferred stock, net of issuance cost | - | 994,749 | 2,066,868 | 15,145 |
| Proceeds from issuance of common stock, net of issuance cost | 2,154,230 | - | - | - |
| Shareholder assumption of debt | - | - | - | 0 |
| Proceeds from issuance of warrants, net of issuance cost | - | 1,582,990 | 4,270,408 | 116,781 |
| Proceeds from issuance of reg-a units, net of issuance cost | 54,107 | - | - | - |
| Proceeds from line of credit | 4,196,292 | 4,936,511 | 5,393,403 | 3,449,736 |
| Repayments on line of credit | 3,366,701 | 5,029,242 | 4,882,770 | 6,027,679 |
| Repayments on long-term debt | -96,890 | - | 51,511 | 96,826 |
| Repayments on short-term and long-term debt | - | 206,666 | - | - |
| Dividends paid to series c preferred shareholders | 27,395 | - | - | - |
| Net cash provided by (used in) financing activities | 2,959,086 | 8,360,658 | 7,108,159 | 4,027,871 |
| Increase (decrease) in cash and cash equivalents | -5,379,311 | 2,184,204 | 2,368,550 | -3,489,959 |
| Cash and cash equivalents - beginning of period | 5,945,894 | 3,761,690 | 4,883,099 | - |
| Cash and cash equivalents - end of period | 566,583 | 5,945,894 | 3,761,690 | - |
Worksport Ltd (WKSP)
Worksport Ltd (WKSP)