WKSP — what changed in the latest 10-Q
A section-by-section comparison of WKSP's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-13 vs the prior 10-Q · 2025-11-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +40 | −61 | ~4 | 13 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | +3 | −1 | 0 | 6 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | +6 | −5 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-13
The following discussion should be read in conjunction with the Company’s Annual Report Form 10-K for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 26,2026 and the condensed consolidated financial statements and accompanying notes…
Worksport Ltd., through its subsidiaries, designs, develops, manufactures, and owns the Intellectual Property on a portfolio of tonneau cover, solar integration, portable power station, and NP (Non-Parasitic), Hydrogen-based green energy products and solutions for the automotive aftermarket accessor…
Electric Vehicles (EVs) have been increasing in consumer interest, whether that interest takes the form of vehicle pre-orders, sales, or investments. As we begin marketing our Worksport SOLIS and COR, we plan to market the SOLIS as a must-have accessory for electric light duty vehicle owners while s…
Our hybrid manufacturing model, which includes sourcing certain products and components from overseas—particularly from China—exposes us to risks associated with tariffs and evolving global trade policies. Tariffs on imported raw materials, components, and finished goods have increased our input cos…
While we have taken steps to mitigate these risks through supplier diversification, a portion of our supply chain remains dependent on foreign sources. As a result, tariffs and other trade measures may continue to increase our cost of goods sold and may impact product pricing and margins to the exte…
Text removed vs the prior filing · source: 10-Q · 2025-11-13
On March 18, 2025, the Company effected a 1-for-10 reverse stock split of its common stock. All share and per share information has been retroactively adjusted for all period presented.
The following discussion should be read in conjunction with the Company’s Annual Report Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on March 27, 2025 and the unaudited condensed consolidated financial statements and accompanying notes included in Part I, Item 1 of this F…
Worksport Ltd., through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Additionally, Worksport’s hard-folding cover, designed and manufactured in …
The following highlights a summary of our achievements during the period:
●Sales growth: We recognized the highest net sales in our Company’s history. For the three months ended September 30, 2025, net sales increased by 61% to $5.0 million when compared with $3.1 million during the same period in 2024. For the nine months ended September 30, 2025, net sales increased by …
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-13
Management is committed to remediating the material weaknesses described above. During the three months ended March 31, 2026, the Company engaged an external CPA firm to augment its external reporting review process. The Company’s remediation efforts are ongoing and include, among other things: (i) …
In January 2026, the Company appointed Jennifer Kartychak as Vice President of Finance and began transitioning certain finance and accounting functions to internal personnel. In connection with this transition, the Company implemented changes to certain processes and controls relating to its financi…
Subsequent to March 31, 2026, Michael Johnston resigned as the Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, and Ms. Kartychak was appointed to such positions effective May 1, 2026. Management does not currently believe these changes have materially…
Text removed vs the prior filing · source: 10-Q · 2025-11-13
There were no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-13
●On April 13, 2026, the Company issued to its Chief Executive Officer, Steven Rossi, 88,214 shares of the Company’s common stock, par value $0.001 per share at a deemed price of $0.8502 per share, representing the closing price of the Company’s Common Stock on the Nasdaq Capital Market on April 10, …
●On April 20, 2026, the Company announced the official commercial launch and commencement of sales for its highly anticipated NEXUS Tonneau Cover, a premium tonneau cover, with innovative features previously unseen in the market. Production began on the NEXUS cover on April 13, 2026, and early deman…
●On April 29, 2026, the Company announced that it secured Tri-State Enterprises, Inc. (“Tri-State”) as a new cross-regional distribution partner for the Company’s growing tonneau cover lineup, including the Company’s recently launched NEXUS cover.
●On April 30, 2026, Michael Johnston resigned as the Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, effective April 30, 2026. Mr. Johnston’s resignation was not the result of any disagreement with the Company regarding its operations, policies or pra…
●On April 30, 2026, the Company’s Board of Directors appointed Jennifer Kartychak as the Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, effective May 1, 2026. Ms. Kartychak has served as the Company’s Vice President of Finance since January 1, 2026. …
Text removed vs the prior filing · source: 10-Q · 2025-11-13
●On October 6, 2025 the Company announced its subsidiary Terravis Energy was selected for the NREL Technical Assistance Program award to analyze its ZeroFrost cold-weather heat pump technology in Alaska
●On October 15, 2025 the Company announced the successful completion of its Regulation A offering
●On October 23, 2025 the Company announced its new HD3 Heavy-Duty tonneau cover officially entered production. The HD3 is a new hard-folding truck bed cover engineered for commercial and fleet applications, building on the success of the Company’s AL3 and AL4 series.
●On October 30, 2025 the Company announced the official launch date for its flagship SOLIS Solar Tonneau Cover and COR Portable Energy Storage System, both available for order starting November 28, 2025.
●From October 1, 2025 through November 13, 2025, certain Series C preferred shareholders converted 661,606 shares into the Company’s common stock.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice