Worksport Ltd
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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FY2024 · Filed Mar 27, 2025
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, 2024, we had three facilities located throughout the U.S. and Canada. One of these facilities are 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 and mortgaged | 152,847 |
| 55G East Beaver Creek Rd., Richmond Hill, Ontario L4B 1E5, Canada (2) | Office, R&D Facility | Rented | 20,296 |
| 5146 N. 23rd St. Ozark, MO 65721, U.S. (3) | Office, R&D Facility | Rented | 3,600 |
| (1) | For further information on the property mortgage, see Note 13 - Indebtedness of Part II Item 8, Financial Statements and Supplementary Data, of this report. |
| (2) | Five-year lease, dated June 1, 2022, for a variable rate averaging $27,934 CAD per month over the lifetime of the lease not inclusive of additional fees, which also vary and averaged $6,832 CAD per month in 2024 not inclusive of taxes. |
| (3) | Twelve-month lease dated June 1, 2023 - renewed effective June 1, 2024 at $3,600 USD per month with a termination date of May 31, 2025. |
| (4) | Three-year lease dated April 16, 2021 and terminated on May 31,f 2024 for $23,971 CAD per month. |
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