Worksport Ltd. (WKSP)

Worksport Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5.08	4.88	3.37	14.62	28.57	1.11
Short-Term Investments	-	0.09	1.49	0.7	0.38	0.01
Cash & Short-Term Investments	5.08	4.97	4.86	15.32	28.95	1.12
Cash Growth	32.99%	2.38%	-68.29%	-47.08%	2479.61%	9258.10%
Accounts Receivable	0.07	0.04	0.46	0.06	0.06	0.12
Other Receivables	0.2	0.17	0.17	0.27	0.18	0.17
Receivables	0.26	0.21	0.63	0.33	0.25	0.29
Inventory	5.73	5.19	3.63	1.35	0.5	0.04
Prepaid Expenses	0.38	0.1	0.01	1.33	4.33	0.23
Total Current Assets	11.45	10.48	9.12	18.33	34.03	1.68
Property, Plant & Equipment	14.03	14.24	15.4	12.53	1.64	0.13
Long-Term Investments	0.07	0.07	0.09	-	-	0.02
Other Intangible Assets	1.11	0.95	1.34	1.27	0.59	0.06
Other Long-Term Assets	-	-	-	0.63	0.02	-
Total Assets	26.66	25.74	25.95	32.76	36.29	1.9
Accounts Payable	1.76	1.53	1.26	2.03	1.03	0.89
Accrued Expenses	1.28	1.18	0.28	-	0.22	0.13
Short-Term Debt	-	-	0	0.05	0.33	0.67
Current Portion of Long-Term Debt	0.23	0.22	5.3	-	-	-
Current Portion of Leases	0.24	0.25	0.33	0.39	0.21	0.02
Total Current Liabilities	3.52	3.17	7.17	2.46	1.8	1.72
Long-Term Debt	2.71	4.78	-	5.3	-	-
Long-Term Leases	0.31	0.37	0.61	0.88	0.32	0.01
Total Liabilities	6.54	8.32	7.78	8.65	2.11	1.73
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	84.13	79.78	64.69	56.92	54.61	12.67
Retained Earnings	-68.94	-64.48	-48.31	-33.38	-20.85	-12.87
Comprehensive Income & Other	4.93	2.1	1.8	0.58	0.42	0.37
Total Common Equity	20.13	17.41	18.18	24.12	34.18	0.17
Shareholders' Equity	20.13	17.41	18.18	24.12	34.18	0.17
Total Liabilities & Equity	26.66	25.74	25.95	32.76	36.29	1.9
Total Debt	3.49	5.62	6.24	6.62	0.86	0.71
Net Cash (Debt)	1.59	-0.65	-1.38	8.7	28.09	0.41
Net Cash Growth	-	-	-	-69.02%	6760.26%	-
Net Cash Per Share	0.48	-0.23	-0.78	5.10	24.42	1.50
Filing Date Shares Outstanding	5.2	4.8	2.41	1.72	1.7	0.83
Total Common Shares Outstanding	4.8	4.02	2.03	1.72	1.7	0.38
Working Capital	7.94	7.3	1.96	15.87	32.24	-0.03
Book Value Per Share	4.20	4.34	8.95	14.06	20.16	0.44
Tangible Book Value	19.01	16.46	16.84	22.85	33.59	0.11
Tangible Book Value Per Share	3.96	4.10	8.29	13.32	19.81	0.28
Land	-	2.24	2.24	2.24	-	-
Buildings	-	6.08	6.08	6.08	-	-
Machinery	-	7.49	6.97	2.86	0.83	0.08
Leasehold Improvements	-	0.86	0.86	0.68	0.37	0.02

Updated Mar 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q