Worksport Ltd
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 26, 2026
WKSP$0.30+8.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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ITEM 2. PROPERTIES
As of December 31, 2025, we had three facilities located throughout the U.S. and Canada. One of these facilities is owned and the remainder are leased. Our principal facilities are as follows:
| Address | Type | Ownership | Size (sq ft) |
|---|---|---|---|
| 2500 N America Dr., West Seneca, NY 14224, U.S. (1) | Corporate Headquarters, Warehouse, and Manufacturing | Owned; Collateral for line of credit | 152,847 |
| 391 Steelcase Road, West, Unit 17, Markham L3R3V9, Canada (2) | Office, R&D Facility | Rented | 1,992 |
| 967 W. Hwy NN, Suites C, D, E &F, Ozark, MO, U.S. (3) | Office, R&D Facility | Rented | 12,500 |
| (1) | For further information on this property, see Note 12 - Indebtedness of Part II Item 8, Financial Statements and Supplementary Data, of this Report. |
| (2) | Two-year lease, dated July 18, 2025, at a rate of $2,299 CAD per month with a termination date of July 17, 2027. |
| (3) | Three-year lease, dated May 1, 2025 - at a variable rate beginning at $9,659 USD per month with a termination date of April 30, 2028. |
We believe our facilities are suitable and adequate for our current operations.
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