Skip to content

Worksport Ltd: 10-Q filed 2019-11-15

What Worksport Ltd reported in its quarterly report filed 2019-11-15 (fiscal Q3 2019): 36 published measures, 98 facts as tagged in accession 0001493152-19-017666.

This filing

Form
10-Q (quarterly report)
Filed
2019-11-15
Fiscal period
fiscal Q3 2019
Accession
0001493152-19-017666 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Worksport Ltd filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2019-09-30847,949USD
At 2018-12-31557,368USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2019-09-301,266,864USD
At 2018-12-31780,928USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2019-09-30-418,914USD
At 2019-06-30-341,792USD
At 2018-12-31-223,560USD
At 2018-09-30-524,958USD
At 2018-06-30197,282USD
At 2017-12-31371,531USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2019-09-30178,752USD
At 2018-12-3125,323USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2019-07-01 to 2019-09-30270,370USD92
2019-01-01 to 2019-09-30142,149USD273
2018-07-01 to 2018-09-30-302,095USD92
2018-01-01 to 2018-09-30-1,281,783USD273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2019-01-01 to 2019-09-30285,135USD273
2018-01-01 to 2018-09-30-44,659USD273

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2019-01-01 to 2019-09-3084,149USD273

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2019-07-01 to 2019-09-30870,053USD92
2019-01-01 to 2019-09-301,959,027USD273
2018-07-01 to 2018-09-305,954USD92
2018-01-01 to 2018-09-30300,113USD273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2019-01-01 to 2019-09-3010,605USD273
2018-01-01 to 2018-09-30175,000USD273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2019-01-01 to 2019-09-30-99,807USD273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2019-09-30-10,212,150USD
At 2018-12-31-10,354,299USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2019-07-01 to 2019-09-3039,239,007shares92
2019-01-01 to 2019-09-3034,492,728shares273
2018-07-01 to 2018-09-3023,463,386shares92
2018-01-01 to 2018-09-3021,562,215shares273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2019-07-01 to 2019-09-3054,310,448shares92
2019-01-01 to 2019-09-3049,515,451shares273
2018-07-01 to 2018-09-3023,463,386shares92
2018-01-01 to 2018-09-3021,562,215shares273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2019-07-01 to 2019-09-300.01USD/shares92
2019-01-01 to 2019-09-300USD/shares273
2018-07-01 to 2018-09-30-0.01USD/shares92
2018-01-01 to 2018-09-30-0.06USD/shares273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2019-07-01 to 2019-09-300USD/shares92
2019-01-01 to 2019-09-300USD/shares273
2018-07-01 to 2018-09-30-0.01USD/shares92
2018-01-01 to 2018-09-30-0.06USD/shares273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2019-09-3072,377USD
At 2018-12-3143,860USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2019-07-01 to 2019-09-3027,873USD92
2019-01-01 to 2019-09-30-48,752USD273
2018-07-01 to 2018-09-30-294,290USD92
2018-01-01 to 2018-09-30-750,495USD273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2019-09-30653,219USD
At 2018-12-31500,835USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2019-07-01 to 2019-09-308,281USD92
2019-01-01 to 2019-09-3059,877USD273
2018-07-01 to 2018-09-307,798USD92
2018-01-01 to 2018-09-3034,925USD273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2019-09-301,224,686USD
At 2018-12-31780,928USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2019-09-3043,297USD
At 2018-12-3112,673USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2019-09-30249,588USD
At 2018-12-3161,882USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2019-07-01 to 2019-09-30173,664USD92
2019-01-01 to 2019-09-30534,629USD273
2018-07-01 to 2018-09-30245,974USD92
2018-01-01 to 2018-09-30745,335USD273

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2019-09-30198,478USD
At 2018-12-31289,516USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2019-07-01 to 2019-09-30201,537USD92
2019-01-01 to 2019-09-30485,877USD273
2018-07-01 to 2018-09-30-48,316USD92
2018-01-01 to 2018-09-30-5,160USD273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2019-09-3038,506,721shares
At 2018-12-3124,634,052shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2019-09-308,230,982USD
At 2018-12-318,103,934USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2019-09-3063,399USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2019-09-3026,401USD
At 2018-12-31124,114USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2019-07-01 to 2019-09-30247,878USD92
2019-01-01 to 2019-09-3099,645USD273
2018-07-01 to 2018-09-30-324,519USD92
2018-01-01 to 2018-09-30-1,316,768USD273

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2019-07-01 to 2019-09-3091,254USD92
2019-01-01 to 2019-09-30149,041USD273
2018-07-01 to 2018-09-3039,069USD92
2018-01-01 to 2018-09-30133,334USD273

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2018-07-01 to 2018-09-30-7USD92
2018-01-01 to 2018-09-30-420USD273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2019-07-01 to 2019-09-30242,497USD92
2019-01-01 to 2019-09-30190,901USD273
2018-07-01 to 2018-09-30-7,805USD92
2018-01-01 to 2018-09-30-531,288USD273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2018-01-01 to 2018-09-3016,604USD273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2019-01-01 to 2019-09-30-187,706USD273
2018-01-01 to 2018-09-30170,487USD273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2019-01-01 to 2019-09-3091,038USD273
2018-01-01 to 2018-09-30-29,323USD273

Inspect the source

Entity
Worksport Ltd / CIK 0001096275
Captured
2026-09-19T11:16:28.677Z
SEC response SHA-256
8d59148273aa06c4ca00e978e85a2a59f8658a3b56f554e3f9e02960a52089e6

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001096275.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))