Lucide Ledger

A filing-first public record from Lucide House.

Issue 015 | U.S. Pilot | US

WKSP

Worksport Ltd

Screen state: Passing Source state: Verified 10-Q | 2026-05-13 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 39.4%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
13,470,201USD
Total Liabilities
7,903,793USD
NCAV
5,566,408USD
Cash
566,583USD
NCAV per share
0.38USD/share
Evidence
10 annual | 20 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated
12
Triggered
3
Unavailable
4
Requires inspection High NCAV Burn since the previous filing 5,566,408
Latest
5,566,4082026-03-31
Comparison
8,951,5712025-12-31
Change
-37.8%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 10-Q 2026-03-31 · 0001493152-26-022706; REPORTED_FILING 10-K 2025-12-31

Requires inspection Negative OCF -8,234,754
Latest
-8,234,7542026-03-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001493152-26-022706

Supporting observation Current Ratio > 1.5 1.95
Latest
1.952026-03-31
Comparison
1.5
Change
n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-03-31 · 0001493152-26-022706

4 unavailable checks — inspect missing inputs
Material 1Y Share Increase 1Y share change >= +2% using the same share-count source
NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive
No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source
Share Count Reduced 1Y share change <= -2% using the same share-count source

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001493152-25-022113 2025-11-13 10-Q Missing Source Data Vault | sec/cleaned/cik=0001096275/accession=0001493152-25-022113/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
10-K
USD
2024-12-31
10-K
USD
2023-12-31
10-K
USD
2022-12-31
10-K
USD
2021-12-31
10-K
USD
2020-12-31
10-K
USD
2019-12-31
10-K
USD
2018-12-31
10-K
USD
2017-12-31
10-K
USD
2016-12-31
10-K
USD
Revenue 16,101,738 8,484,379 1,529,632 116,502 303,750 346,144 1,926,405 481,521 408,701 361,123
Operating Income -18,813,426 -15,465,834 -14,736,661 -12,773,715 -7,561,731 -986,239 -593,424 -1,211,127 -1,780,498 -362,220
Net Income -19,352,297 -16,163,789 -14,928,958 -12,534,414 -7,897,085 -1,187,620 -414,607 -1,763,038 -3,403,106 -1,136,220
Cash From Operations -17,314,390 -10,138,798 -11,930,580 -7,977,960 -4,046,705 -726,304 -13,253 -379,276 -194,942 -237,023
Capex -789,460 -528,235 -3,690,056 -11,047,447 -1,101,784 -7,962 -98,353 -1,874 -4,874 -551
Free Cash Flow -18,103,850 -10,667,033 -15,620,636 -19,025,407 -5,148,489 -734,266 -111,606 -381,150 -199,816 -237,574
Cash And Equivalents 5,945,894 4,883,099 3,365,778 14,620,757 28,567,333 1,107,812 11,993 25,323 66,961 155,735
Accounts Receivable 503,971 42,589 463,122 62,601 62,684 122,787 67,795 61,883 189,502 81,146
Inventory 9,530,671 5,190,054 3,631,492 1,346,372 501,772 40,803 113,156 289,516 44,635 78,975
Total Current Assets 16,789,424 10,477,662 9,123,506 18,332,107 34,032,005 1,684,764 253,685 500,835 712,829 284,158
Total Assets 30,714,074 25,736,660 25,953,916 32,764,130 36,294,099 1,902,152 481,308 557,368 905,470 336,749
Total Current Liabilities 6,727,846 3,173,552 7,166,612 2,461,730 1,796,789 1,718,053 1,324,684 780,928 533,939 1,237,532
Total Liabilities 7,837,853 8,323,029 7,775,373 8,645,876 2,113,777 1,732,677 1,363,869 780,928 533,939 1,341,616
Shareholders Equity 22,876,221 17,413,631 18,178,543 24,118,254 34,180,322 169,475 -882,561 -223,560 371,531 -1,004,867
Shares Outstanding 11,885,519 4,795,521 2,410,041 1,715,938 1,696,124 825,262 31,031,841 18,241,434 15,097,153 8,403,174
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 6,143,122 2,768,732 1,768,991 1,707,848 1,150,415 273,453 27,268,436 16,548,709 20,807,134 8,346,520
Weighted Avg Shares Basic 6,143,122 2,768,732 1,768,991 1,707,848 1,150,415 273,453 27,268,436 16,548,709 20,807,134 8,346,520
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric
2026-06-30
10-Q
USD
2026-03-31
10-Q
USD
2025-12-31
10-K
USD
2025-09-30
10-Q
USD
2025-06-30
10-Q
USD
2025-03-31
10-Q
USD
2024-12-31
10-K
USD
2024-09-30
10-Q
USD
2024-06-30
10-Q
USD
2024-03-31
10-Q
USD
2023-12-31
10-K
USD
2023-09-30
10-Q
USD
2023-06-30
10-Q
USD
2023-03-31
10-Q
USD
2022-12-31
10-K
USD
2022-09-30
10-Q
USD
2022-06-30
10-Q
USD
2022-03-31
10-Q
USD
2021-12-31
10-K
USD
2021-09-30
10-Q
USD
Revenue 5,229,660 3,312,800 4,742,903 5,013,872 4,104,958 2,240,005 2,927,844 3,122,359 1,921,539 512,637 839,373 458,483 199,851 31,925 39,063 18,350 11,305 47,784 16,453 93,408
Operating Income -3,818,553 -5,744,177 -6,146,718 -4,792,771 -3,617,631 -4,256,306 -4,010,404 -3,905,216 -3,910,748 -3,639,466 -3,548,485 -3,919,509 -3,738,719 -3,529,948 -3,724,916 -2,942,828 -3,308,191 -2,797,780 -3,717,384 -2,039,965
Net Income -3,965,303 -5,828,522 -6,228,670 -4,928,679 -3,734,484 -4,460,464 -4,300,816 -4,134,917 -4,013,399 -3,714,657 -3,658,935 -3,949,298 -3,797,455 -3,523,270 -3,466,826 -2,877,660 -3,372,319 -2,817,609 -3,797,626 -2,064,281
Cash From Operations -3,442,391 -8,234,754 -6,124,208 -4,255,149 -3,095,115 -3,839,918 -2,179,586 -1,537,920 -3,626,688 -2,794,604 -3,736,233 -2,175,643 -3,084,294 -2,934,410 -1,616,421 -1,318,657 -3,026,403 -2,016,479 -2,014,739 -1,036,040
Capex -68,511 -103,643 -155,378 -364,237 -68,386 -201,459 -27,475 -164,973 -122,818 -212,969 -243,895 -849,423 -1,509,817 -1,086,921 -835,202 -1,160,435 -8,437,764 -614,046 -366,901 -477,578
Free Cash Flow -3,510,902 -8,338,397 -6,279,586 -4,619,386 -3,163,501 -4,041,377 -2,207,061 -1,702,893 -3,749,506 -3,007,573 -3,980,128 -3,025,066 -4,594,111 -4,021,331 -2,451,623 -2,479,092 -11,464,167 -2,630,525 -2,381,640 -1,513,618
Cash And Equivalents 1,160,158 566,583 5,945,894 3,761,690 1,393,140 5,080,372 4,883,099 1,857,685 3,426,089 3,536,980 3,365,778 2,965,578 5,902,235 10,489,214 14,620,757 16,724,267 19,137,184 25,808,938 28,567,333 29,002,627
Total Current Assets 14,890,347 13,470,201 16,789,424 12,377,928 8,490,992 11,454,921 10,477,662 8,887,057 10,743,200 10,744,959 9,123,506 7,894,134 10,454,976 14,705,146 18,332,107 22,096,328 25,653,378 30,846,020 34,032,005 36,762,621
Total Liabilities 9,010,612 7,903,793 7,837,853 7,269,230 6,263,579 6,537,505 8,323,029 8,576,083 8,039,405 8,390,124 7,775,373 8,207,186 7,593,855 8,513,131 8,645,876 8,790,307 8,809,707 2,059,135 2,113,777 2,096,474
Shares Outstanding 15,298,333 12,531,540 11,885,519 8,254,389 6,642,038 5,200,130 4,795,521 3,293,761 2,965,092 2,559,497 2,410,041 1,943,372 1,743,680 1,716,381 1,715,938 1,719,002 1,708,627 1,700,103 1,696,124 1,687,149
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 11,858,684 10,778,204 8,410,878 6,563,228 5,285,705 4,262,474 2,768,732 2,943,279 2,595,863 2,118,807 1,898,782 1,742,968 1,716,553 1,715,938 1,713,622 1,716,450 1,702,259 1,698,803 11,504,147 1,398,357
Weighted Avg Shares Basic 11,858,684 10,778,204 8,410,878 6,563,228 5,285,705 4,262,474 2,768,732 2,943,279 2,595,863 2,118,807 1,898,782 1,742,968 1,716,553 1,715,938 1,713,622 1,716,450 1,702,259 1,698,803 11,504,147 1,398,357
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 14,890,347USD us-gaap:AssetsCurrent 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Total Liabilities 9,010,612USD us-gaap:Liabilities 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Cash 1,160,158USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Shares Outstanding 15,298,333 dei:EntityCommonStockSharesOutstanding 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
NCAV 5,879,735USD derived 2026-06-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 0.38USD derived 2026-06-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 39.4% derived 2026-06-30 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0001096275
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001096275/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
25
Imported At
2026-11-01T11:38:41+00:00
Rendered At
2026-11-01T14:57:29+00:00

Run Audit

Mary Run
96f10914845d4a63bf1f2ca5985451b2
Mary As Of
2026-10-30
Accession
0001493152-26-022706
CIK
0001096275
Mary Filing Date
2026-05-13
Filing Currency
USD
Internal Discount
39.4%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=96f10914845d4a63bf1f2ca5985451b2; mary_as_of=2026-10-30; mary_filing_date=2026-05-13; mary_accession=0001493152-26-022706; mary_cik=0001096275; gnni_supporting_filing_date=2026-05-13; internal_discount=0.393701; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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