Red Flags Detected
- Going Concern (worsened) — Auditor explicitly expressed substantial doubt about ability to continue operations; accumulated deficit grew from $64.5M to $83.9M despite revenue doubling.
- Material Weakness (worsened) — Internal control deficiency persists into second year with remediation timeline pushed from Q2 2025 to 'later in 2026,' though severity improved from multiple misstatements to one.
Worksport doubles revenue to $16M but losses widen; heavy equity dilution funds operations
Filed March 26, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 27, 2025 · ~2 min read
5 material changes detected in this filing.
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Generated by AI · Jun 4, 2026 3:46 AM