2023 Q1 Form 10-K Financial Statement
#000149315223010294 Filed on March 31, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $31.93K | $39.06K | $116.5K |
YoY Change | -33.18% | 137.45% | -61.65% |
Cost Of Revenue | $19.76K | -$1.600K | $56.97K |
YoY Change | -47.98% | -102.24% | -83.76% |
Gross Profit | $12.17K | $40.66K | $59.54K |
YoY Change | 24.16% | -174.08% | -226.81% |
Gross Profit Margin | 38.11% | 104.1% | 51.1% |
Selling, General & Admin | $2.674M | $3.758M | $7.425M |
YoY Change | -4.8% | 2.79% | -1.14% |
% of Gross Profit | 21975.37% | 9243.11% | 12471.4% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $195.0K | -$46.51K | $484.1K |
YoY Change | 75.59% | -147.6% | 128.62% |
% of Gross Profit | 1602.32% | -114.39% | 813.09% |
Operating Expenses | $3.542M | $3.758M | $12.83M |
YoY Change | 26.1% | 2.79% | 70.87% |
Operating Profit | -$3.530M | -$3.718M | -$12.77M |
YoY Change | 26.11% | 0.18% | 69.02% |
Interest Expense | $165.1K | -$60.18K | $488.7K |
YoY Change | -992.91% | 148.16% | -265.44% |
% of Operating Profit | |||
Other Income/Expense, Net | $6.678K | $8.610K | $239.3K |
YoY Change | -133.68% | -113.81% | -483.93% |
Pretax Income | -$3.523M | -$3.467M | -$12.53M |
YoY Change | 25.04% | -8.71% | 58.72% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$3.523M | -$3.467M | -$12.53M |
YoY Change | 25.04% | -8.71% | 58.72% |
Net Earnings / Revenue | -11036.08% | -8875.65% | -10758.97% |
Basic Earnings Per Share | -$0.21 | -$0.72 | |
Diluted Earnings Per Share | -$0.21 | -$0.20 | -$0.73 |
COMMON SHARES | |||
Basic Shares Outstanding | 17.16M shares | 17.19M shares | 17.08M shares |
Diluted Shares Outstanding | 17.16M shares | 17.08M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $10.49M | $14.62M | $14.62M |
YoY Change | -59.36% | -48.82% | -48.82% |
Cash & Equivalents | $10.49M | $14.62M | $14.62M |
Short-Term Investments | |||
Other Short-Term Assets | $2.239M | $2.034M | $2.034M |
YoY Change | -45.54% | -56.86% | -56.86% |
Inventory | $1.604M | $1.346M | $1.346M |
Prepaid Expenses | |||
Receivables | $100.6K | $62.60K | $62.60K |
Other Receivables | $272.6K | $268.0K | $268.0K |
Total Short-Term Assets | $14.71M | $18.33M | $18.33M |
YoY Change | -52.33% | -46.13% | -46.13% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $12.79M | $11.90M | $13.14M |
YoY Change | 442.83% | 954.28% | 698.89% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $90.73K | $24.42K | $24.42K |
YoY Change | 271.54% | 0.0% | 0.0% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $15.39M | $14.43M | $14.43M |
YoY Change | 394.04% | 537.99% | 537.99% |
TOTAL ASSETS | |||
Total Short-Term Assets | $14.71M | $18.33M | $18.33M |
Total Long-Term Assets | $15.39M | $14.43M | $14.43M |
Total Assets | $30.10M | $32.76M | $32.76M |
YoY Change | -11.38% | -9.73% | -9.73% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.022M | $2.028M | $2.028M |
YoY Change | 60.69% | 77.22% | 77.22% |
Accrued Expenses | $409.1K | $387.3K | $387.3K |
YoY Change | 93.36% | 81.9% | 81.9% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.190K | $46.10K | $46.10K |
YoY Change | -96.47% | -27.89% | -27.89% |
Long-Term Debt Due | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Short-Term Liabilities | $2.433M | $2.462M | $2.462M |
YoY Change | 35.54% | 37.01% | 37.01% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.300M | $5.300M | $5.300M |
YoY Change | |||
Other Long-Term Liabilities | $780.3K | $884.2K | $884.2K |
YoY Change | 195.29% | 178.92% | 178.92% |
Total Long-Term Liabilities | $6.080M | $6.184M | $6.184M |
YoY Change | 2200.97% | 1850.9% | 1850.9% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.433M | $2.462M | $2.462M |
Total Long-Term Liabilities | $6.080M | $6.184M | $6.184M |
Total Liabilities | $8.513M | $8.646M | $8.646M |
YoY Change | 313.43% | 309.02% | 309.02% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$36.91M | -$33.38M | |
YoY Change | 60.12% | ||
Common Stock | $1.716K | $1.716K | |
YoY Change | 1.18% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $21.58M | $24.12M | $24.12M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $30.10M | $32.76M | $32.76M |
YoY Change | -11.38% | -9.73% | -9.73% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.523M | -$3.467M | -$12.53M |
YoY Change | 25.04% | -8.71% | 58.72% |
Depreciation, Depletion And Amortization | $195.0K | -$46.51K | $484.1K |
YoY Change | 75.59% | -147.6% | 128.62% |
Cash From Operating Activities | -$2.934M | -$1.616M | -$7.978M |
YoY Change | 45.52% | -19.77% | 97.15% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.087M | $938.5K | $11.05M |
YoY Change | -277.01% | -351.51% | -1076.15% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$66.31K | ||
YoY Change | |||
Cash From Investing Activities | -$1.153M | -$938.5K | -$11.15M |
YoY Change | 87.81% | 155.28% | 885.28% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$43.90K | -103.6K | $5.182M |
YoY Change | -65.67% | -454.14% | -84.12% |
NET CHANGE | |||
Cash From Operating Activities | -$2.934M | -1.616M | -$7.978M |
Cash From Investing Activities | -$1.153M | -938.5K | -$11.15M |
Cash From Financing Activities | -$43.90K | -103.6K | $5.182M |
Net Change In Cash | -$4.132M | -2.659M | -$13.95M |
YoY Change | 49.78% | 12.98% | -150.79% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.934M | -$1.616M | -$7.978M |
Capital Expenditures | $1.087M | $938.5K | $11.05M |
Free Cash Flow | -$4.021M | -$2.555M | -$19.03M |
YoY Change | 186.74% | 55.64% | 552.68% |
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
116502 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
303750 | usd |
CY2022 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
56967 | usd |
CY2021 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
350702 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
59535 | usd |
CY2021 | us-gaap |
Gross Profit
GrossProfit
|
-46952 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4978582 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1855238 | usd |
CY2022 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2446266 | usd |
CY2021 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1386692 | usd |
CY2022 | us-gaap |
Professional Fees
ProfessionalFees
|
5418863 | usd |
CY2021 | us-gaap |
Professional Fees
ProfessionalFees
|
4268684 | usd |
CY2022 | WKSP |
Loss Gain On Foreign Exchange
LossGainOnForeignExchange
|
-10461 | usd |
CY2021 | WKSP |
Loss Gain On Foreign Exchange
LossGainOnForeignExchange
|
4165 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
12833250 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
7514779 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-12773715 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7561731 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
488704 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
294923 | usd |
CY2022 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
212290 | usd |
CY2021 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
3694 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
62329 | usd |
CY2022 | us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
213383 | usd |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
302332 | usd |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
18204 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
239301 | usd |
CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-335354 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12534414 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7897085 | usd |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.73 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.69 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17078480 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11504147 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
169475 | usd |
CY2021 | WKSP |
Stock Issued For Services And Subscriptions Payable
StockIssuedForServicesAndSubscriptionsPayable
|
8473479 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
24775982 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Ownshare Lending Arrangement Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts
|
-4459892 | usd |
CY2021 | WKSP |
Stock Issued During Period Shares From Private Placement
StockIssuedDuringPeriodSharesFromPrivatePlacement
|
4081980 | usd |
CY2021 | WKSP |
Issuance Of Warrants For Services
IssuanceOfWarrantsForServices
|
37000 | usd |
CY2021 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
368319 | usd |
CY2021 | WKSP |
Stock Issued During Period Value Warrant Exercise
StockIssuedDuringPeriodValueWarrantExercise
|
8454564 | usd |
CY2021 | WKSP |
Loan Repayment
LoanRepayment
|
176500 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7897085 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
34180322 | usd |
CY2022 | WKSP |
Stock Issued For Services And Subscriptions Payable
StockIssuedForServicesAndSubscriptionsPayable
|
2472346 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24118254 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
12534414 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
7897085 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
62329 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4899433 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3920046 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
486582 | usd |
CY2021 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
66876 | usd |
CY2022 | WKSP |
Change In Operating Lease
ChangeInOperatingLease
|
-10584 | usd |
CY2021 | WKSP |
Change In Operating Lease
ChangeInOperatingLease
|
-16211 | usd |
CY2022 | WKSP |
Accrued Interest
AccruedInterest
|
27564 | usd |
CY2021 | WKSP |
Accrued Interest
AccruedInterest
|
40637 | usd |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
211342 | usd |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
302332 | usd |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
18204 | usd |
CY2022 | us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-7412583 | usd |
CY2021 | us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-3597848 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
565377 | usd |
CY2021 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
612775 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7977960 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4210623 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
103329 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
29951 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
11047447 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1101784 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11150776 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1131735 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
24398070 | usd |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
8454560 | usd |
CY2022 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
5300000 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
|
10547 | usd |
CY2021 | us-gaap |
Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
|
12154 | usd |
CY2022 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
128387 | usd |
CY2021 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
62905 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5182160 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
32801879 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-13946576 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
27459521 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
28567333 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1107812 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
14620757 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
28567333 | usd |
CY2022 | WKSP |
Purchase Of Software
PurchaseOfSoftware
|
575000 | usd |
CY2021 | WKSP |
Purchase Of Software
PurchaseOfSoftware
|
502534 | usd |
CY2022 | WKSP |
Share Base Compensation
ShareBaseCompensation
|
4899433 | usd |
CY2021 | WKSP |
Share Base Compensation
ShareBaseCompensation
|
3891692 | usd |
CY2022 | WKSP |
Cashless Warrant Exercise
CashlessWarrantExercise
|
37000 | usd |
CY2021 | WKSP |
Cashless Warrant Exercise
CashlessWarrantExercise
|
109490 | usd |
CY2021 | WKSP |
Conversion Of Preferred Stock To Common Stock
ConversionOfPreferredStockToCommonStock
|
171 | usd |
CY2021 | WKSP |
Shares Issued For Loan Repayment
SharesIssuedForLoanRepayment
|
176500 | usd |
CY2021 | us-gaap |
Notes Issued1
NotesIssued1
|
368319 | usd |
CY2021 | WKSP |
Noncash Stock Split Provision
NoncashStockSplitProvision
|
86687 | usd |
CY2021 | WKSP |
Reverse Stock Split
ReverseStockSplit
|
21182 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
479000 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80A_eus-gaap--NatureOfOperations_zEcQ7m57mglk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_822_zh8i1SZdNSh3">Nature of Operations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Worksport Ltd. (together with its subsidiaries, the “Company”) was incorporated in the State of Nevada on April 2, 2003 under the name Franchise Holdings International, Inc. (“FNHI”). In May 2020, FNHI changed its name to Worksport Ltd. During the year ended December 31, 2014, the Company completed a reverse acquisition transaction (the “Reverse Acquisition”) with TruXmart Ltd. (“TruXmart”). On May 2, 2018, Truxmart legally changed its name to Worksport Ltd. (“Worksport”). Worksport designs and distributes truck tonneau covers in Canada and the United States.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 21, 2021, the Board of Directors authorized the submission of a Certificate of Change/Amendment to the Nevada Secretary of State in which the Company sought to affect a reverse split of its common stock at the rate of 1-for-20 for the purpose of increasing the per share price for the Company’s stock in an effort to meet the minimum listing requirements of the NASDAQ. The Certificate of Change was submitted to the Nevada Secretary of State on May 21, 2021, and the FINRA corporate action was announced on August 3, 2021. FINRA declared <span id="xdx_907_eus-gaap--StockholdersEquityReverseStockSplit_c20210520__20210521__dei--LegalEntityAxis__custom--FINRAMember_zDZ33yZbOeS8" title="Stockholders equity, reverse stock split">the 1-for-20 reverse stock split effective on August 4, 2021</span>. These consolidated financial statements, including prior period comparative share amounts, have been retrospectively restated to reflect this reverse split.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Terravis Energy, Inc. (“Terravis”) was incorporated in the State of Colorado on May 5, 2021. On August 20, 2021, the Company was issued <span id="xdx_907_eus-gaap--CommonStockSharesIssued_iI_c20210820_zCjRGw0hGvp5" title="Common stock, shares, issued">100</span> common shares at par value of $<span id="xdx_904_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20210820__dei--LegalEntityAxis__custom--TerravisEnergyIncMember_zxMkFRtvkjTa" title="Common Stock, Par or Stated Value Per Share">0.0001</span> per share for a controlling interest in Terravis. During the year ended December 31, 2022, the Company was issued an additional <span id="xdx_90E_eus-gaap--CommonStockSharesIssued_iI_pid_c20221231__dei--LegalEntityAxis__custom--TerravisEnergyIncMember_zLjsxl9FEvNk" title="Common Stock, Shares, Issued">9,990,900</span> common shares of Terravis at par value of $<span id="xdx_900_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20210820_zgMcMkPXVve8" title="Common stock, par value"><span id="xdx_908_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20221231__dei--LegalEntityAxis__custom--TerravisEnergyIncMember_zMFBhP38uAzb" title="Common Stock, Par or Stated Value Per Share">0.0001</span></span> per share.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 20, 2022, the board of directors of Terravis and the board of directors of the Company, as the sole stockholder of Terravis, adopted the Terravis Energy, Inc. 2022 Equity Incentive Plan (the “Terravis 2022 Plan”). Under the Terravis 2022 Plan, Terravis’ board of directors or a committee designated by the board of directors may grant incentive stock options, nonqualified stock options, shares of restricted stock, restricted stock units, performance shares, performance units and stock appreciation rights to eligible participants consisting of employees of Terravis, member of Terravis’ board of directors and advisors and consultants to Terravis. The Terravis board of directors authorized and reserved <span id="xdx_907_eus-gaap--CommonStockSharesAuthorized_iI_c20220120__us-gaap--PlanNameAxis__custom--TerravisTwoThousandTwentyTwoPlanMember_zUAiGAyo94W6" title="Common stock, shares authorized">1,500,000</span> shares of Terravis common stock under the Terravis 2022 Plan, subject to adjustment for any stock splits of Terravis’ common stock or reorganization, recapitalization, or acquisition of Terravis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 6, 2022, Lorenzo Rossi and Steven Rossi, both of whom are members of Terravis’ board of directors, were granted non-qualified stock options under the Terravis 2022 Plan exercisable for <span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20220406__srt--TitleOfIndividualAxis__custom--LorenzoRossiMember_zcMuruRUSZDg" title="Number of options, exercisable">750,000</span> and <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20220406__srt--TitleOfIndividualAxis__custom--StevenRossiMember_zruPptggQMbd" title="Number of options, exercisable">250,000</span> shares of Terravis’ common stock, respectively, with exercise prices of $<span id="xdx_906_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20220406_zhUhlmwPixCc" title="Common stock, par value">0.01</span> per share exercisable from the date of grant until the tenth anniversary of the date of grant.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 12, 2022, Steven Rossi, William Caragol, and Ned L. Siegel, all of whom are members of Terravis’ board of directors, were granted non-qualified stock options under the Terravis 2022 Plan exercisable for <span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20220412__srt--TitleOfIndividualAxis__custom--StevenRossiMember_zHKhhJHHEv78" title="Number of options, exercisable">250,000</span>, <span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20220412__srt--TitleOfIndividualAxis__custom--WilliamCaragolMember_za91DcdXJeC6" title="Number of options, exercisable">50,000</span>, and <span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20220412__srt--TitleOfIndividualAxis__custom--NedLSiegelMember_z3vhlIAmnrz7" title="Number of options, exercisable">50,000</span> shares of Terravis’ common stock, respectively, with exercise prices of $<span id="xdx_90D_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20220412_zi0svlTaTMPf" title="Common stock, par value">0.01</span> per share exercisable from the date of grant until the tenth anniversary of the date of grant.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 4, 2022, Terravis filed an amendment to its articles of incorporation with the Colorado Secretary of State, pursuant to which the Terravis board of directors attached a certificate of designation designating <span id="xdx_90F_eus-gaap--PreferredStockSharesAuthorized_iI_pid_c20221104__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_z92stTmsEek3" title="Preferred stock, shares authorized">1,000</span> shares of its authorized preferred stock as Series A Preferred Stock with a par value $<span id="xdx_90A_eus-gaap--PreferredStockParOrStatedValuePerShare_iI_pid_c20221104__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_z5MpvpX1aWA4" title="Preferred stock, par value">0.0001</span> per share. According to the certificate of designation, holders of the Series A Preferred Stock do not have any dividend, conversion or liquidation rights. Unless otherwise prohibited by law or the Series A Preferred Stock certificate of designation, the Series A Preferred Stock shall vote together with the outstanding shares of common stock of Terravis as one class on any matter put forth before the common stockholders. For so long the Series A Preferred Stock is outstanding, the holders of the Series A Preferred Stock shall be entitled to <span id="xdx_90A_ecustom--SeriesAPreferredStockOutstandingPercentage_pid_dp_uPure_c20221103__20221104__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_zHmHc9gz261f" title="Preferred stock, shares outstanding percentage">51</span>% of the total votes on all matters regardless of the actual number of shares of Series A Preferred Stock then outstanding, and the holders of the common stock and any other shares of capital stock of Terravis entitled shall be entitled to their proportional share of the remaining <span id="xdx_90F_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_pid_dp_uPure_c20221104__us-gaap--BusinessAcquisitionAxis__custom--TerravisEnergyIncMember_zADklygKJgK4" title="Voting percentage">49</span>% of the total votes based on their respective voting power. On November 4, 2022, the Company issued <span id="xdx_907_eus-gaap--PreferredStockSharesAuthorized_iI_pid_c20221104__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember__us-gaap--StatementEquityComponentsAxis__us-gaap--PreferredStockMember_zYYCJesKRoRa" title="Preferred stock, shares authorized">1,000 </span>shares of Series A Preferred Stock to Steven Rossi, the Chief Executive Officer and President of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Worksport Ltd.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022 and 2021</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. Nature of Operations </b>(continued)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2022, Worksport New York Operations Corporation and Worksport USA Operations Corporation were incorporated in the state of New York and Colorado, respectively. During the year ended, the Company was issued <span id="xdx_904_eus-gaap--CommonStockSharesIssued_iI_pid_c20221231__dei--LegalEntityAxis__custom--WorksportUSAOperationsMember_zbdPXT1SMzIk" title="Common Stock, Shares, Issued">1,000</span> common shares at par value of $<span id="xdx_90A_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20221231__dei--LegalEntityAxis__custom--WorksportUSAOperationsMember_zCFjjHmRgwpk" title="Common Stock, Par or Stated Value Per Share">0.0001</span> of Worksport USA Operations Corporation. On April 1, 2022, the Company was issued <span id="xdx_905_eus-gaap--CommonStockSharesIssued_iI_pid_c20220401_zr8hb7fNsqCl" title="Common Stock, Shares, Issued">10,000</span> common shares of Worksport New York Operations Corporation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2021Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
100 | shares |
CY2021Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10000 | shares |
CY2021 | WKSP |
Net Cash Provided By Used In Operating Activity
NetCashProvidedByUsedInOperatingActivity
|
4210623 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
32801879 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12534414 | usd |
CY2022Q4 | WKSP |
Working Capital
WorkingCapital
|
15870377 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-33384219 | usd |
CY2022Q4 | WKSP |
Working Capital
WorkingCapital
|
15870377 | usd |
CY2021Q4 | WKSP |
Working Capital
WorkingCapital
|
32235216 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-33384219 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-20849805 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
14620757 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
28567333 | usd |
CY2022 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
32500000 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
30000000 | usd | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2022 | us-gaap |
Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
|
<p id="xdx_84C_eus-gaap--GuaranteesIndemnificationsAndWarrantiesPolicies_zfkiZtFpa4q6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zq85tFixyDx2">Warranties</span> - </b>The Company currently offers a limited lifetime warranty against defective products out-of-the-box. Customers who are not satisfied with their purchase may attempt to have their purchases reimbursed outside of the warranty period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> | |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-9297 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-6788 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1268873 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
593053 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
232508 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
232508 | usd |
CY2022 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
CY2021 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
69933 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1200759 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
427794 | usd |
CY2022Q4 | us-gaap |
Other Inventory
OtherInventory
|
50790 | usd |
CY2021Q4 | us-gaap |
Other Inventory
OtherInventory
|
728 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
94823 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
73250 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
1346372 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
501772 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
605000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
557346 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
73273 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
11900672 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1128799 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
484073 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
64497 | usd |
CY2022Q4 | us-gaap |
Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
|
2545000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
232508 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
232508 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
203444 | usd |
CY2022Q4 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
1313799 | usd |
CY2021Q4 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
4328389 | usd |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
20781 | usd |
CY2021Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
3041 | usd |
CY2022Q4 | WKSP |
Prepaid Deposit
PrepaidDeposit
|
699765 | usd |
CY2021Q4 | WKSP |
Prepaid Deposit
PrepaidDeposit
|
384065 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2034345 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4715495 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
1313799 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
4328389 | usd |
CY2020Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
367058 | usd |
CY2021 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
103847 | usd |
CY2021Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
263211 | usd |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
263211 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
562530 | usd |
CY2021Q4 | us-gaap |
Notes Payable
NotesPayable
|
263211 | usd |
CY2021Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
263211 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2021Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
5.50 | |
CY2021 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
210909 | shares |
CY2021 | us-gaap |
Subsidiary Or Equity Method Investee Cumulative Number Of Shares Issued For All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativeNumberOfSharesIssuedForAllTransactions
|
3483636 | shares |
CY2021 | WKSP |
Subsidiary Or Equity Method Investee Cumulative Number Of Value Issued For All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativeNumberOfValueIssuedForAllTransactions
|
21805361 | usd |
CY2021 | WKSP |
Shares Issuance Cost
SharesIssuanceCost
|
4335908 | usd |
CY2021 | WKSP |
Stock Issued During Period Shares Issued For Service
StockIssuedDuringPeriodSharesIssuedForService
|
370000 | shares |
CY2021 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1562700 | usd |
CY2021 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
3350 | shares |
CY2021 | WKSP |
Stock Issued During Period Value Of Common Shares
StockIssuedDuringPeriodValueOfCommonShares
|
24121 | usd |
CY2021Q4 | WKSP |
Prepaid Consulting
PrepaidConsulting
|
796000 | usd |
CY2021 | us-gaap |
Advertising Expense
AdvertisingExpense
|
3325000 | usd |
CY2021 | WKSP |
Stock Issued During Period Shares New Issues Post Consolidation
StockIssuedDuringPeriodSharesNewIssuesPostConsolidation
|
237500 | shares |
CY2021 | WKSP |
Stock Issued During Period Value New Issues Post Consolidation
StockIssuedDuringPeriodValueNewIssuesPostConsolidation
|
86687 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
299000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
299000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-12534414 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-7897086 | usd |
CY2022 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
-626721 | usd |
CY2021 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
-394855 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
|
41409 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
|
19899 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
1007220 | usd |
CY2022 | WKSP |
Income Tax Reconciliation Interest And Penalty
IncomeTaxReconciliationInterestAndPenalty
|
100000 | usd |
CY2022 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-12457196 | usd |
CY2021 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-7264822 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
|
-2616011 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
|
-1525613 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
2616011 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
1525613 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
4189777 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
2358455 | usd |
CY2022Q4 | WKSP |
Deferred Tax Assets Amortization
DeferredTaxAssetsAmortization
|
482691 | usd |
CY2021Q4 | WKSP |
Deferred Tax Assets Amortization
DeferredTaxAssetsAmortization
|
32265 | usd |
CY2022Q4 | WKSP |
Deferred Tax Assets Change In Operating Lease
DeferredTaxAssetsChangeInOperatingLease
|
-9964 | usd |
CY2021Q4 | WKSP |
Deferred Tax Assets Change In Operating Lease
DeferredTaxAssetsChangeInOperatingLease
|
16208 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
4336903 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
3976468 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
8999407 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
6383396 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
8999407 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
6383396 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
8999407 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
6383396 | usd |
CY2021 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
612775 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
17997000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2034
NoncapitalLossesCarriedForwardExpirationYear2034
|
236000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2035
NoncapitalLossesCarriedForwardExpirationYear2035
|
529000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2036
NoncapitalLossesCarriedForwardExpirationYear2036
|
1130000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2037
NoncapitalLossesCarriedForwardExpirationYear2037
|
1531000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2038
NoncapitalLossesCarriedForwardExpirationYear2038
|
520000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2039
NoncapitalLossesCarriedForwardExpirationYear2039
|
193000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2040
NoncapitalLossesCarriedForwardExpirationYear2040
|
718000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2041
NoncapitalLossesCarriedForwardExpirationYear2041
|
3000000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Expiration Year2042
NoncapitalLossesCarriedForwardExpirationYear2042
|
4100000 | usd |
CY2022 | WKSP |
Noncapital Losses Carried Forward Total
NoncapitalLossesCarriedForwardTotal
|
12157000 | usd |
CY2022 | WKSP |
Noncapital Losses Never Expire
NoncapitalLossesNeverExpire
|
5840000 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
17997000 | usd |
CY2022Q4 | us-gaap |
Fair Value Concentration Of Risk Accounts Receivable
FairValueConcentrationOfRiskAccountsReceivable
|
0 | usd |
CY2021Q4 | us-gaap |
Fair Value Concentration Of Risk Accounts Receivable
FairValueConcentrationOfRiskAccountsReceivable
|
62329 | usd |
CY2022 | us-gaap |
Reclassifications
Reclassifications
|
<p id="xdx_80D_eus-gaap--Reclassifications_zcjNvjjLzq49" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>15. <span id="xdx_829_zTYKTigxL20i">Changes in Cash Flows from Operating Assets and Liabilities</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89C_ecustom--ScheduleOfChangesInOperatingAssetsAndLiabilitiesTableTextBlock_zjg4QhQs0sRk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The changes to the Company’s operating assets and liabilities for the years ended December 31, 2022 and 2021 are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.3in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_z9HnDlzjgM38" style="display: none">Schedule of Changes in Operating Assets and Liabilities</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_49C_20220101__20221231_zfUOYHdM2V57" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" id="xdx_492_20210101__20211231_zHEygCChtmw6" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2021</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--IncreaseDecreaseInAccountsReceivable_iN_di_maIDIOCzg9T_zN9u79Xln1wi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 60%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decrease (increase) in accounts receivable</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">83</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2,228</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td></tr> <tr id="xdx_40D_eus-gaap--IncreaseDecreaseInOtherReceivables_iN_di_maIDIOCzg9T_zxGAaD4KWDL2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decrease (increase) in other receivable</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(83,311</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(16,883</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td></tr> <tr id="xdx_403_eus-gaap--IncreaseDecreaseInInventories_iN_di_maIDIOCzg9T_zHbV2TFTfFQh" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decrease (increase) in inventory</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(844,600</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(460,969</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td></tr> <tr id="xdx_40A_eus-gaap--IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_iN_di_maIDIOCzg9T_zhl2HWelLAkg" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Decrease (increase) in prepaid expenses and deposits</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(529,438</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(382,067</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td></tr> <tr id="xdx_40E_ecustom--IncreaseDecreaseInLeaseLiability_iN_di_maIDIOCzg9T_ztfPMUYW9KL3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase (decrease) in lease liability</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,738</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2,111</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td></tr> <tr id="xdx_408_eus-gaap--IncreaseDecreaseInAccruedIncomeTaxesPayable_msIDIOCzg9T_zDjqyjAOeKE3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase (decrease) in payroll taxes payable</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(112,189</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">63,973</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_401_eus-gaap--IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_msIDIOCzg9T_z6S1CH670Fvk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Increase (decrease) in accounts payable and accrued liabilities</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">995,340</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">187,510</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_403_eus-gaap--IncreaseDecreaseInOperatingCapital_iNT_di_mtIDIOCzg9T_zxTHYrQwxFDe" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif"> <span style="font-size: 10pt">Changes in operating assets and liabilities</span></span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(565,377</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(612,775</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</span></td></tr> </table> <p id="xdx_8A8_za6awpvnUxx8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Worksport Ltd.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022 and 2021</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> | |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-83 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2228 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
83311 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
16883 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
844600 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
460969 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
529438 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
382067 | usd |
CY2022 | WKSP |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-8738 | usd |
CY2021 | WKSP |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
2111 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-112189 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
63973 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
995340 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
187510 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
565377 | usd |
CY2021 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
15000 | shares |
CY2019 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
10000000 | shares |
CY2019 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
50000 | usd |
CY2022Q4 | WKSP |
Advanced Receivable For Stock Issuance
AdvancedReceivableForStockIssuance
|
24423 | usd |
CY2021Q4 | WKSP |
Advanced Receivable For Stock Issuance
AdvancedReceivableForStockIssuance
|
24423 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1238055 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
515819 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
387329 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
212929 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
884146 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
316988 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
409179 | usd |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
166027 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
400130 | usd |
CY2021 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
166027 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
493026 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
361298 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
269645 | usd |
CY2022Q4 | WKSP |
Lessee Operating Lease Liability Payments Due Year After Three
LesseeOperatingLeaseLiabilityPaymentsDueYearAfterThree
|
394926 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1518895 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
247420 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1271475 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
387329 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
884146 | usd |
CY2020 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
28387 | usd |
CY2020 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
40000 | cad |
CY2020 | WKSP |
Debt Instrument Loan Forgiveness Percentage
DebtInstrumentLoanForgivenessPercentage
|
0.25 | pure |
CY2022Q3 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
28387 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
40000 | cad |
CY2023Q1 | us-gaap |
Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
|
7383 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
|
10000 | cad |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.72 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.69 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17078480 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11504147 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
299000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
17159376 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17159376 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
16951034 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
16951034 | shares |
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
37000 | usd |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
3939924 | shares |
CY2022 | WKSP |
Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y6M29D | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
5652827 | shares |
CY2021Q4 | WKSP |
Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
|
5.14 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
716815 | shares |
CY2020Q4 | WKSP |
Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
|
3.46 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
130909 | shares |
CY2022 | WKSP |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
|
6.05 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
7457036 | shares |
CY2021 | WKSP |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.99 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
1593691 | shares |
CY2022 | WKSP |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Expired In Period Weighted Average Expirations Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageExpirationsPrice
|
-4.00 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
26815 | shares |
CY2021 | WKSP |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Expired In Period Weighted Average Expirations Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExpiredInPeriodWeightedAverageExpirationsPrice
|
4.00 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
250121 | shares |
CY2022 | WKSP |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercise Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExerciseWeightedAverageExercisePrice
|
-2.00 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
2494209 | shares |
CY2021 | WKSP |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercise Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExerciseWeightedAverageExercisePrice
|
4.22 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
3939924 | shares |
CY2022Q4 | WKSP |
Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
|
5.84 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
5652827 | shares |
CY2021Q4 | WKSP |
Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
|
5.14 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
712500 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
5.00 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
72500 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
2.21 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
712500 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
5.00 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
785000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.74 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
712500 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
5.00 | |
CY2022 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
|
1.60 | |
CY2022 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
|
5.50 | |
CY2022Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
785000 | shares |
CY2022 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P4Y2M1D | |
CY2022Q4 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
4.74 | |
CY2022Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
512500 | shares |
CY2022 | us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
213383 | usd |