Worksport Ltd: 10-Q/A filed 2021-08-17

Name: Worksport Ltd: 10-Q/A filed 2021-08-17
Creator: Worksport Ltd

What Worksport Ltd reported in its quarterly report amendment filed 2021-08-17 (fiscal Q2 2021): 33 published measures, 86 facts as tagged in accession 0001493152-21-020466.

This is an amendment. Values here are as tagged in the amendment; the original filing has its own page.

This filing

Form: 10-Q/A (quarterly report amendment)
Filed: 2021-08-17
Fiscal period: fiscal Q2 2021
Accession: 0001493152-21-020466 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.

Period	Value	Unit	Days
At 2021-06-30	14,415,674	USD
At 2020-12-31	1,902,152	USD

Total liabilities

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

Period	Value	Unit	Days
At 2021-06-30	1,883,568	USD
At 2020-12-31	1,732,677	USD

Stockholders equity

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

Period	Value	Unit
At 2021-06-30	12,532,106	USD
At 2021-03-31	8,828,005	USD
At 2020-12-31	169,475	USD
At 2020-06-30	-782,622	USD
At 2020-03-31	-727,327	USD
At 2019-12-31	-882,561	USD

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.

Period	Value	Unit	Days
At 2021-06-30	12,266,597	USD
At 2020-12-31	1,107,812	USD

Net income or loss

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

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-811,659	USD	91
2021-01-01 to 2021-06-30	-2,035,178	USD	181
2020-04-01 to 2020-06-30	-192,185	USD	91
2020-01-01 to 2020-06-30	-344,451	USD	182

Operating cash flow

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

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-995,926	USD	181
2020-01-01 to 2020-06-30	-229,553	USD	182

Capital expenditure payments

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

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	257,305	USD	181

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.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	186,239	USD	91
2021-01-01 to 2021-06-30	193,889	USD	181
2020-04-01 to 2020-06-30	66,102	USD	91
2020-01-01 to 2020-06-30	107,129	USD	182

Financing cash flow

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

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	12,441,223	USD	181
2020-01-01 to 2020-06-30	247,435	USD	182

Investing cash flow

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

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-286,512	USD	181
2020-01-01 to 2020-06-30	-8,764	USD	182

Retained earnings or deficit

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

Period	Value	Unit	Days
At 2021-06-30	-14,901,211	USD
At 2020-12-31	-12,866,033	USD

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.

Period	Value	Unit	Days
At 2021-06-30	340,934	USD
At 2020-12-31	91,511	USD

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.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-802,556	USD	91
2021-01-01 to 2021-06-30	-1,804,382	USD	181
2020-04-01 to 2020-06-30	-133,277	USD	91
2020-01-01 to 2020-06-30	-257,732	USD	182

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.

Period	Value	Unit	Days
At 2021-06-30	13,120,450	USD
At 2020-12-31	1,684,764	USD

Interest expense

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

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	18,100	USD	91
2021-01-01 to 2021-06-30	249,000	USD	181
2020-04-01 to 2020-06-30	58,908	USD	91
2020-01-01 to 2020-06-30	86,719	USD	182

Current liabilities

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

Period	Value	Unit	Days
At 2021-06-30	1,463,199	USD
At 2020-12-31	1,718,053	USD

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.

Period	Value	Unit	Days
At 2021-06-30	298,114	USD
At 2020-12-31	62,948	USD

Net current accounts receivable

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

Period	Value	Unit	Days
At 2021-06-30	106,283	USD
At 2020-12-31	122,787	USD

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.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	851,462	USD	91
2021-01-01 to 2021-06-30	1,800,717	USD	181
2020-04-01 to 2020-06-30	140,496	USD	91
2020-01-01 to 2020-06-30	278,967	USD	182

Net inventory

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

Period	Value	Unit	Days
At 2021-06-30	73,435	USD
At 2020-12-31	40,803	USD

Gross profit

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

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	48,906	USD	91
2021-01-01 to 2021-06-30	-3,665	USD	181
2020-04-01 to 2020-06-30	7,219	USD	91
2020-01-01 to 2020-06-30	21,235	USD	182

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.

Period	Value	Unit
At 2021-06-30	11,148,292	shares
At 2020-12-31	3,820,618	shares
At 2020-06-30	2,636,496	shares

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.

Period	Value	Unit	Days
At 2021-06-30	26,609,130	USD
At 2020-12-31	12,665,854	USD

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.

Period	Value	Unit	Days
At 2021-06-30	631,753	USD
At 2020-12-31	38,506	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2021-06-30	634,144	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2020-06-30	0	USD

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.

Period	Value	Unit	Days
At 2021-06-30	435,536	USD
At 2020-12-31	245,526	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-811,659	USD	91
2021-01-01 to 2021-06-30	-2,035,178	USD	181
2020-04-01 to 2020-06-30	-192,185	USD	91
2020-01-01 to 2020-06-30	-344,451	USD	182

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.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	272,022	USD	91
2021-01-01 to 2021-06-30	406,306	USD	181
2020-04-01 to 2020-06-30	12,824	USD	91
2020-01-01 to 2020-06-30	46,730	USD	182

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.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-9,103	USD	91
2021-01-01 to 2021-06-30	-230,796	USD	181
2020-04-01 to 2020-06-30	-58,908	USD	91
2020-01-01 to 2020-06-30	-86,719	USD	182

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.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	9,737	USD	181
2020-01-01 to 2020-06-30	7,400	USD	182

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.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-16,504	USD	181
2020-01-01 to 2020-06-30	35,406	USD	182

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.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	212,344	USD	181
2020-01-01 to 2020-06-30	-60,136	USD	182

Inspect the source

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

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import json
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with urlopen("https://canlicapital.com/company-data/0001096275.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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