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Worksport Ltd: 10-Q filed 2024-08-13

What Worksport Ltd reported in its quarterly report filed 2024-08-13 (fiscal Q2 2024): 39 published measures, 104 facts as tagged in accession 0001493152-24-031589.

This filing

Form
10-Q (quarterly report)
Filed
2024-08-13
Fiscal period
fiscal Q2 2024
Accession
0001493152-24-031589 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 2024-06-3027,185,498USD
At 2023-12-3125,953,916USD

Total liabilities

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

PeriodValueUnitDays
At 2024-06-308,039,405USD
At 2023-12-317,775,373USD

Stockholders equity

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

PeriodValueUnitDays
At 2024-06-3019,146,093USD
At 2024-03-3118,900,719USD
At 2023-12-3118,178,543USD
At 2023-06-3019,397,375USD
At 2023-03-3121,583,101USD
At 2022-12-3124,118,254USD

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 2024-06-303,426,089USD
At 2023-12-313,365,778USD

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
2024-04-01 to 2024-06-30-4,013,399USD91
2024-01-01 to 2024-06-30-7,728,056USD182
2023-04-01 to 2023-06-30-3,797,455USD91
2023-01-01 to 2023-06-30-7,320,725USD181

Operating cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-6,421,292USD182
2023-01-01 to 2023-06-30-6,018,704USD181

Capital expenditure payments

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30335,787USD182
2023-01-01 to 2023-06-302,596,738USD181

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
2024-04-01 to 2024-06-301,921,539USD91
2024-01-01 to 2024-06-302,434,176USD182
2023-04-01 to 2023-06-30199,851USD91
2023-01-01 to 2023-06-30231,776USD181

Financing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-306,817,390USD182
2023-01-01 to 2023-06-30-36,772USD181

Investing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-335,787USD182
2023-01-01 to 2023-06-30-2,663,046USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2024-06-30-56,041,233USD
At 2023-12-31-48,313,177USD

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
2024-04-01 to 2024-06-3025,958,628shares91
2024-01-01 to 2024-06-3023,573,349shares182
2023-04-01 to 2023-06-3017,165,533shares91
2023-01-01 to 2023-06-3017,162,471shares181

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
2024-04-01 to 2024-06-3025,958,628shares91
2024-01-01 to 2024-06-3023,573,349shares182
2023-04-01 to 2023-06-3017,165,533shares91
2023-01-01 to 2023-06-3017,162,471shares181

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
2024-04-01 to 2024-06-30-0.15USD/shares91
2024-01-01 to 2024-06-30-0.33USD/shares182
2023-04-01 to 2023-06-30-0.22USD/shares91
2023-01-01 to 2023-06-30-0.43USD/shares181

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
2024-04-01 to 2024-06-30-0.15USD/shares91
2024-01-01 to 2024-06-30-0.33USD/shares182
2023-04-01 to 2023-06-30-0.22USD/shares91
2023-01-01 to 2023-06-30-0.43USD/shares181

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 2024-06-3014,308,776USD
At 2023-12-3114,483,436USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2024-01-01 to 2024-06-302,116,423USD182
2023-01-01 to 2023-06-303,523,714USD181

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
2024-04-01 to 2024-06-30-3,910,748USD91
2024-01-01 to 2024-06-30-7,550,214USD182
2023-04-01 to 2023-06-30-3,738,719USD91
2023-01-01 to 2023-06-30-7,268,667USD181

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 2024-06-3010,743,200USD
At 2023-12-319,123,506USD

Current liabilities

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

PeriodValueUnitDays
At 2024-06-302,253,954USD
At 2023-12-317,166,612USD

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 2024-06-301,337,636USD
At 2023-12-311,338,889USD

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 2024-06-30623,386USD
At 2023-12-31463,122USD

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
2024-04-01 to 2024-06-304,207,377USD91
2024-01-01 to 2024-06-307,884,299USD182
2023-04-01 to 2023-06-303,785,282USD91
2023-01-01 to 2023-06-307,327,398USD181

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 2024-06-306,386,744USD
At 2023-12-313,631,492USD

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
2024-04-01 to 2024-06-30296,629USD91
2024-01-01 to 2024-06-30334,085USD182
2023-04-01 to 2023-06-3046,563USD91
2023-01-01 to 2023-06-3058,731USD181

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 2024-06-3028,520,704shares
At 2023-12-3120,320,503shares

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 2024-06-3069,230,341USD
At 2023-12-3164,685,693USD

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 2024-06-30705,155USD
At 2023-12-31917,354USD

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.

PeriodValueUnitDays
At 2024-06-30728,654USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2024-06-302,279,299USD
At 2023-12-311,664,580USD

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 2024-06-30151,815USD
At 2023-12-311,497,249USD

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
2024-04-01 to 2024-06-302,946,386USD91
2024-01-01 to 2024-06-305,620,704USD182
2023-04-01 to 2023-06-301,744,801USD91
2023-01-01 to 2023-06-303,874,413USD181

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

PeriodValueUnitDays
2024-04-01 to 2024-06-30134,164USD91
2024-01-01 to 2024-06-30257,762USD182
2023-04-01 to 2023-06-30187,893USD91
2023-01-01 to 2023-06-30352,992USD181

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
2024-04-01 to 2024-06-30-102,651USD91
2024-01-01 to 2024-06-30-177,842USD182
2023-04-01 to 2023-06-30-58,736USD91
2023-01-01 to 2023-06-30-52,058USD181

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
2024-01-01 to 2024-06-30289,623USD182
2023-01-01 to 2023-06-30272,125USD181

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2023-01-01 to 2023-06-307,132USD181

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2024-01-01 to 2024-06-30248,000USD182
2023-01-01 to 2023-06-30245,000USD181

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
2024-01-01 to 2024-06-30160,264USD182
2023-01-01 to 2023-06-30263,874USD181

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
2024-01-01 to 2024-06-302,755,252USD182
2023-01-01 to 2023-06-301,533,492USD181

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.

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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"])))