Worksport (WKSP) 10-Q 13 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - $ / shares	9 Months Ended
	Sep. 30, 2024	Nov. 13, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-40681
Entity Registrant Name	Worksport Ltd.
Entity Central Index Key	0001096275
Entity Tax Identification Number	35-2696895
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2500 N America Dr
Entity Address, City or Town	West Seneca
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14224
City Area Code	(888)
Local Phone Number	554-8789
Title of 12(b) Security	Common Stock
Trading Symbol	WKSP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		32,937,609
Entity Listing, Par Value Per Share	$ 0.0001

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 1,857,685	$ 3,365,778
Accounts receivable, net	466,442	463,122
Other receivable	153,967	165,865
Inventory (note 4)	6,138,060	3,631,492
Prepaid expenses and deposits (note 5)	256,600	1,497,249
Total Current Assets	8,887,057	9,123,506
Investments (note 10)	90,731	90,731
Property and Equipment, net (note 6)	13,966,210	14,483,436
Right-Of-Use Asset, net (note 11)	658,152	917,354
Intangible Assets, net	1,337,008	1,338,889
Total Assets	24,939,158	25,953,916
Current Liabilities
Accounts payable and accrued liabilities	2,456,000	1,451,181
Payroll taxes payable	111,591	85,010
Current portion – Long term debt (note 12)	190,000	5,300,000
Current lease liability (note 11)	248,540	328,229
Total Current Liabilities	3,006,131	7,166,612
Long Term – Lease Liability (note 11)	433,214	608,761
Long Term Debt (note 12)	5,136,738
Total Liabilities	8,576,083	7,775,373
Shareholders’ Equity
Series A & B Preferred Stock, $0.0001 par value, 100,100 shares authorized, 100 Series A and 0 Series B issued and outstanding, respectively (note 7)
Common stock, $0.0001 par value, 299,000,000 shares authorized, 30,920,397 and 17,436,805 shares issued and outstanding, respectively (note 7)	3,092	2,032
Additional paid-in capital	72,512,085	64,685,693
Share subscriptions receivable	(1,577)	(1,577)
Share subscriptions payable	4,034,205	1,814,152
Accumulated deficit	(60,176,150)	(48,313,177)
Cumulative translation adjustment	(8,580)	(8,580)
Total Shareholders’ Equity	16,363,075	18,178,543
Total Liabilities and Shareholders’ Equity	24,939,158	25,953,916
Related Party [Member]
Current Assets
Related party loan (note 8)	14,303
Current Liabilities
Related party loan (note 8)		$ 2,192

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	299,000,000	299,000,000
Common stock, shares, issued	30,920,397	17,436,805
Common stock, shares, outstanding	30,920,397	17,436,805
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,100	100,100
Preferred stock, shares issued	100	100
Preferred stock, shares outstanding	100	100
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,100	100,100
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net Sales	$ 3,122,359	$ 458,483	$ 5,556,535	$ 690,259
Cost of Goods Sold	2,875,186	368,796	4,975,277	541,841
Gross Profit	247,173	89,687	581,258	148,418
Operating Expenses
General and administrative	2,875,255	3,091,488	8,495,959	6,965,901
Sales and marketing	661,238	380,847	1,206,807	1,473,910
Professional fees	621,728	539,126	2,332,069	2,899,190
(Gain) loss on foreign exchange	(5,832)	(2,265)	1,853	(2,407)
Total operating expenses	4,152,389	4,009,196	12,036,688	11,336,594
Loss from operations	(3,905,216)	(3,919,509)	(11,455,430)	(11,188,176)
Other Income (Expense)
Interest expense	(229,701)	(113,838)	(487,463)	(466,830)
Interest income		38,992	3,054	237,598
Rental income (note 17)		45,057	76,866	139,892
Gain on settlement of debt				7,493
Total other income (expense)	(229,701)	(29,789)	(407,543)	(81,847)
Net Loss	$ (4,134,917)	$ (3,949,298)	$ (11,862,973)	$ (11,270,023)
Loss per Share basic	$ (0.14)	$ (0.23)	$ (0.47)	$ (0.65)
Loss per Share diluted	$ (0.14)	$ (0.23)	$ (0.47)	$ (0.65)
Weighted Average Number of Shares basic	29,432,794	17,429,685	25,540,754	17,252,521
Weighted Average Number of Shares diluted	29,432,794	17,429,685	25,540,754	17,252,521

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Share Subscriptions Receivable [Member]	Share Subscription Payable [Member]	Retained Earnings [Member]	Cumulative Translation Adjustment [Member]	Total
Balance at Dec. 31, 2022	$ 0	$ 1,716	$ 56,919,625	$ (1,577)	$ 591,289	$ (33,384,219)	$ (8,580)	$ 24,118,254
Balance, shares at Dec. 31, 2022	100	17,159,376
Shares issued		$ 3	95,538					95,541
Shares issued, shares		27,429
Stock option forfeiture			19,406					19,406
Net loss						(11,270,023)		(11,270,023)
Issuance for services and subscriptions payable		$ 25	2,428,139		1,022,963			3,451,127
Issuance for services and subscriptions payable, shares		250,000
Balance at Sep. 30, 2023	$ 0	$ 1,744	59,462,708	(1,577)	1,614,252	(44,654,242)	(8,580)	16,414,305
Balance, shares at Sep. 30, 2023	100	17,436,805
Balance at Jun. 30, 2023	$ 0	$ 1,742	58,615,849	(1,577)	1,494,885	(40,704,944)	(8,580)	19,397,375
Balance, shares at Jun. 30, 2023	100	17,413,810
Issuance for services and subscriptions payable			739,046		119,367			858,413
Shares issued		$ 2	88,407					88,409
Shares issued, shares		22,995
Stock option forfeiture			19,406					19,406
Net loss						(3,949,298)		(3,949,298)
Balance at Sep. 30, 2023	$ 0	$ 1,744	59,462,708	(1,577)	1,614,252	(44,654,242)	(8,580)	16,414,305
Balance, shares at Sep. 30, 2023	100	17,436,805
Balance at Dec. 31, 2023	$ 0	$ 2,032	64,685,693	(1,577)	1,814,152	(48,313,177)	(8,580)	18,178,543
Balance, shares at Dec. 31, 2023	100	20,320,503
Shares issued		$ 526	5,404,944		(2,210,269)			3,195,201
Shares issued, shares		5,260,161
Net loss						(11,862,973)		(11,862,973)
Issuance for services and subscriptions payable		$ 33	2,896,431		571,858			3,468,322
Issuance for services and subscriptions payable, shares		333,841
Warrant inducement (note 16)		$ 284	(474,850)		3,858,464			3,383,898
Warrant inducement (note 16), shares		2,840,000
Warrant exercise (note 14)		$ 217	(133)					84
Warrant exercise (note 14), shares		2,165,892
Balance at Sep. 30, 2024	$ 0	$ 3,092	72,512,085	(1,577)	4,034,205	(60,176,150)	(8,580)	16,363,075
Balance, shares at Sep. 30, 2024	100	30,920,397
Balance at Jun. 30, 2024	$ 0	$ 2,852	69,230,341	(1,577)	5,964,290	(56,041,233)	(8,580)	19,146,093
Balance, shares at Jun. 30, 2024	100	28,520,704
Net loss						(4,134,917)		(4,134,917)
Issuance for services and subscriptions payable		$ 2	1,071,713		280,184			1,351,899
Issuance for services and subscriptions payable, shares		16,693
Warrant inducement (note 16)		$ 238	2,210,031		(2,210,269)
Warrant inducement (note 16), shares		2,383,000
Balance at Sep. 30, 2024	$ 0	$ 3,092	$ 72,512,085	$ (1,577)	$ 4,034,205	$ (60,176,150)	$ (8,580)	$ 16,363,075
Balance, shares at Sep. 30, 2024	100	30,920,397

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities
Net Loss	$ (11,862,973)	$ (11,270,023)
Adjustments to reconcile net loss to net cash from operating activities:
Shares, options and warrants issued for services	3,105,869	4,711,868
Depreciation and amortization	1,019,867	1,019,556
Change in operating lease	3,966	(16,004)
Adjustments to reconcile net income loss to cash provided by (used in) operating activities	(7,733,271)	(5,554,603)
Changes in operating assets and liabilities (note 9)	(225,941)	(2,639,744)
Net cash used in operating activities	(7,959,212)	(8,194,347)
Cash Flows from Investing Activities
Investments		(66,308)
Purchase of property and equipment	(500,760)	(3,446,161)
Net cash used in investing activities	(500,760)	(3,512,469)
Financing Activities
Net change in related party loan	(16,495)	(43,904)
Proceeds from warrant exercise	3,746,435
Proceeds from issuance of common share, net of issuance cost	3,195,201	95,541
Proceeds from line of credit	7,339,525
Net proceeds from long term debt	1,437,998
Repayment of line of credit	(3,450,785)
Repayment of long term debt	(5,300,000)
Net cash received from financing activities	6,951,879	51,637
Change in cash	(1,508,093)	(11,655,179)
Cash, restricted cash and cash equivalents - beginning of year	3,365,778	14,620,757
Cash, restricted cash and cash equivalents end of period	1,857,685	2,965,578
Supplemental Disclosure of non-cash investing and financing activities
Shares issued for purchase of software		72,467
Supplemental Disclosure of cash flow information
Income tax paid
Interest paid	$ 487,000	$ 477,000

Basis of Presentation and Busin

Basis of Presentation and Business Condition	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Business Condition	1. Basis of Presentation and Business Condition a) Interim Financial Information The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments and reclassifications considered necessary in order to make the financial statements not misleading and for a fair and comparable presentation have been included and are of a normal recurring nature. Operating results for the three and nine month periods ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on March 28, 2024. Worksport Ltd. (together with its subsidiaries, the “Company”) was incorporated in the State of Nevada on April 2, 2003 under the name Franchise Holdings International, Inc. (“FNHI”). In May 2020, FNHI changed its name to Worksport Ltd. During the year ended December 31, 2014, the Company completed a reverse acquisition transaction (the “Reverse Acquisition”) with TruXmart Ltd. (“TruXmart”). On May 2, 2018, TruXmart legally changed its name to Worksport Ltd. (“Worksport”). Worksport designs and distributes truck tonneau covers in Canada and the United States. b) Statement of Compliance The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) as issued by the Financial Accounting Standards Board (“FASB”). c) Basis of Measurement The Company’s financial statements have been prepared on the accrual basis. d) Consolidation The Company’s condensed consolidated financial statements consolidate the accounts of the Company. All intercompany transactions, balances and unrealized gains or losses from intercompany transactions have been eliminated upon consolidation. e) Functional and Reporting Currency These condensed consolidated financial statements are presented in United States dollars (USD or US$). The functional currency of the Company and its subsidiaries are United States dollar. For purposes of preparing these condensed consolidated financial statements, transactions denominated in Canadian dollars (CAD or C$) were converted to United States dollars at the spot rate. Transaction gains and losses resulting from fluctuations in currency exchange rates on transactions denominated in currencies other than the functional currency are recognized as incurred in the accompanying condensed consolidated statement of operations. f) Use of Estimates The preparation of condensed unaudited financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed interim financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Going Concern

Going Concern	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	2. Going Concern As of September 30, 2024, the Company had $ 1,857,685 60,176,150 The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. During the three and nine months ended September 30, 2024, the Company had net losses of $ 4,134,917 (2023 - $ 3,949,298 ) and $ 11,862,973 (2023 - $ 11,270,023 ). As of September 30, 2024, the Company had working capital of $ 5,880,926 (December 31, 2023 – $ 1,956,894 ) and had an accumulated deficit of $ 60,176,150 (December 31, 2023 - $ 48,313,177 ). The Company has not generated profit from operations since inception and to date has relied on debt and equity financing for continued operations. The Company’s ability to continue as a going concern is dependent upon the ability to generate cash flows from operations and obtain equity and/or debt financing. The Company intends to continue funding operations through equity and debt financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements in the long term. There can be no assurance that the steps management is taking will be successful. Despite the Company having completed its purchasing of large manufacturing machinery for current output needs, operational costs are expected to remain elevated and, thus, further decrease cash and cash equivalents. Concurrently, the Company intends to continue its ramp-up of manufacturing and increasing sales volumes in 2024 and beyond, which should mitigate the effects of operational costs on cash and cash equivalents; this view is supported by the fact that the manufacturing facility of the Company was completed for initial production output in 2023 and started to generate revenue in the third quarter of 2023, registering its highest quarterly sales total in the Company’s history in the third quarter of 2024. The Company has successfully raised cash and is positioned to do so again if deemed necessary or strategically advantageous. During the year ended December 31, 2021, the Company, through its Reg-A public offering, private placement offering, underwritten public offering, and exercises of warrants, raised an aggregate of approximately $ 32,500,000 30,000,000 13,000,000 3.0 604,048 780,356 . On November 2, 2023, the Company consummated a registered direct offering pursuant to which the Company issued 1,925,000 1,575,000 4,261,542 7,000,000 7,000,000 1.34 five and a half years 7,000,000 On March 20, 2024, the Company consummated a registered direct offering pursuant to which the Company issued 2,372,240 1,477,892 2,629,083 7,700,264 7,700,264 0.74 7,700,264 To date, the Company’s principal sources of liquidity consist of net proceeds from public and private securities offerings and cash exercises of outstanding warrants. Management is focused on transitioning towards revenue as its principal source of liquidity by growing existing product offerings as well as the Company’s customer base. The Company cannot give assurance that it can increase its cash balances or limit its cash consumption and thus maintain sufficient cash balances for planned operations or future business developments. Future business development and demands may lead to cash utilization at levels greater than recently experienced. The Company may need to raise additional capital in the future. However, the Company cannot provide assurances it will be able to raise additional capital on acceptable terms, or at all. The Company has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. Still, certain factors indicate the existence of a material uncertainty that cast substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. These adjustments could be material.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	3. Significant Accounting Policies The accounting policies used in the preparation of these condensed consolidated interim financial statements are consistent with those of the Company’s audited financial statements for the year ended December 31, 2023.

Inventory

Inventory	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventory	4. Inventory As of September 30, 2024 and December 31, 2023, inventory consists of the following: Schedule of Inventory September 30, 2024 December 31, 2023 Finished goods $ 1,913,228 $ 1,717,669 Promotional items 101,660 101,660 Raw materials 4,123,172 1,812,163 Inventory $ 6,138,060 $ 3,631,492 As of September 30, 2024, the value of finished goods on-hand increased due to stockpiling of hard tonneau covers, which have higher values than stockpiled soft tonneau covers, as well as their raw materials to capitalize on demand generated from the Company’s 2024 sales campaigns.

Prepaid expenses and deposits

Prepaid expenses and deposits	9 Months Ended
	Sep. 30, 2024
Prepaid Expenses And Deposits
Prepaid expenses and deposits	5. Prepaid expenses and deposits As of September 30, 2024 and December 31, 2023, prepaid expenses and deposits consist of the following: Schedule of Prepaid Expenses and Deposits September 30, 2024 December 31, 2023 Consulting, services, and advertising $ 237,594 $ 5,215 Deposits 19,006 1,492,034 Prepaid expenses and deposits, net $ 256,600 $ 1,497,249 As of September 30, 2024, prepaid expenses and deposits consists of $ 237,594 5,215

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	6. Property and Equipment As of September 30, 2024 and December 31, 2023, major classes of property and equipment consist of the following: Schedule of Property and Equipment September 30, 2024 December 31, 2023 Equipment $ 3,142,683 $ 2,784,098 Manufacturing equipment 3,340,463 3,260,679 Furniture 154,065 146,049 Product molds 524,476 524,476 Computers 96,056 84,070 Leasehold improvements 903,721 861,332 Building 6,079,410 6,079,410 Land 2,239,405 2,239,405 Automobile 168,497 168,497 Property and equipment, gross 168,497 168,497 Less accumulated depreciation (2,682,566 ) (1,664,580 ) Property and Equipment, net $ 13,966,210 $ 14,483,436

Shareholders_ Equity (Deficit)

Shareholders’ Equity (Deficit)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Shareholders’ Equity (Deficit)	7. Shareholders’ Equity (Deficit) During nine months ended September 30, 2024, the following transactions occurred: During the nine months ended September 30, 2024, the Company sold 504,921 566,118 30,000,000 13,000,000 The Company recognized consulting expense of $ 753,069 333,841 382,700 During the nine months ended September 30, 2024, the Company closed a sale of 2,372,240 1,535,591 1,477,892 7,700,264 1,093,492 During the nine months ended September 30, 2024, the Company closed a sale of 950,000 380,000 1,900,000 Refer to note 14, 15 and 16 for additional shareholders’ equity (deficit) details. During nine months ended September 30, 2023, the following transactions occurred: The Company sold 27,429 95,541 30,000,000 13,000,000 The Company recognized consulting expense of $ 1,022,963 250,000 635,000 Refer to note 15 for additional shareholders’ equity (deficit) details. As of September 30, 2024, the Company was authorized to issue 299,000,000 0.0001 100 100,000 0.0001 Series A preferred Stock have voting rights equal to 299 shares of common stock, per share of preferred stock Series B preferred Stock have voting rights equal to 10,000 shares of common stock, per share of Preferred Stock

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	8. Related Party Transactions As of September 30, 2024, the Company has a receivable of $ 14,303 2,192

Changes in Cash Flows from Oper

Changes in Cash Flows from Operating Assets and Liabilities	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Changes in Cash Flows from Operating Assets and Liabilities	9. Changes in Cash Flows from Operating Assets and Liabilities The changes to the Company’s operating assets and liabilities for the nine months ended September 30, 2024 and 2023 are as follows: Schedule of Changes in Operating Assets and Liabilities 2024 2023 Decrease (increase) in accounts receivable $ (3,320 ) $ (455,509 ) Decrease (increase) in other receivable 11,898 103,998 Decrease (increase) in inventory (2,506,568 ) (2,205,697 ) Decrease (increase) in prepaid expenses and deposits 1,240,649 26,200 Increase (decrease) in payroll taxes payable 26,581 43,738 Increase (decrease) in accounts payable and accrued liabilities 1,004,819 (152,474 ) Changes in operating assets and liabilities $ (225,941 ) $ (2,639,744 )

Investments

Investments	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Investments	10. Investments During the year ended December 31, 2019, the Company entered into an agreement to purchase 10,000,000 50,000 10 24,423 During the nine months ended September 30, 2024, $ 66,308 90,000 3,054 4,129 66,308 90,000 3,123 4,275

Operating Lease Obligations

Operating Lease Obligations	9 Months Ended
	Sep. 30, 2024
Operating Lease Obligations
Operating Lease Obligations	11. Operating Lease Obligations During the year ended December 31, 2019, the Company signed a lease agreement for warehouse space to commence on August 1, 2019 and end on July 31, 2022 2,221 May 31, 2024 19,910 During the year ended December 31, 2022, the Company signed a lease agreement for approximately 20,296 June 1, 2022 22,101 4,418 During the year ended December 31, 2023, the Company signed a lease agreement for office space to be used as an R&D facility pursuant to a one-year lease with an option to extend the lease for an additional year, dated June 1, 2023, for a monthly rent of $ 3,350 During the nine months ended September 30, 2024, the Company signed a lease agreement for office space to be used as an R&D facility pursuant to a one-year lease with an option to extend the lease for an additional year, dated June 1, 2024, for a monthly rent of $ 3,600 The Company has accounted for its leases upon adoption of ASC 842 whereby it recognizes a lease liability and a right-of-use asset at the date of initial application beginning January 1, 2019. The lease liability is measured at the present value of the remaining lease payments, discounted using the Company’s incremental borrowing rate of 10 The Company’s right-of-use asset and lease liability as of September 30, 2024, and December 31, 2023, are as follows: Schedule Right-of-use Asset September 30, 2024 December 31, 2023 Right-of-use asset $ 658,152 $ 917,354 Current lease liability $ 248,540 $ 328,229 Long-term lease liability $ 433,214 $ 608,761 The following is a summary of the Company’s total lease costs: Schedule of Lease Cost September 30, 2024 September 30, 2023 Operating lease cost $ 331,057 $ 368,984 The following is a summary of cash paid during the nine months ended September 30, 2024 and 2023 for amounts included in the measurement of lease liabilities: Schedule of Measurement of Lease Liabilities September 30, 2024 September 30, 2023 Operating cashflow $ 328,113 $ 378,102 The following are future minimum lease payments due as of September 30, 2024: Schedule of Future Minimum Lease Payments 2025 $ 294,437 2026 275,720 2027 187,453 Total future minimum lease payments 757,610 Less: amount representing interest (75,856 ) Present value of future payments 681,754 Current portion 248,540 Long term portion $ 433,214

Long term Debt

Long term Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long term Debt	12. Long term Debt On May 4, 2022, the Company, as the guarantor, and Worksport New York Operations Corporation (“Worksport New York”), as the borrower (the “Borrower”) entered into a secured loan agreement (the “Loan Agreement”) with an external banking entity (the “Lender”) relating to the Company’s purchase of a 152,847 8,150,000 5,300,000 2.25 667,409 386,164 5,325,664 On February 4, 2024, the Company and Worksport New York entered into a Forbearance Agreement with the Lender in connection with the Loan Agreement. Pursuant to the Forbearance Agreement, the Lender agreed to forbear from commencing an action for judgement of foreclosure and sale, seeking an appointment of a receiver or collecting default accrued interest under the Loan until the occurrence of a Termination Event (as defined in the Forbearance Agreement) and the Company and Worksport waived all defenses in connection with the Worksport New York failure to maintain 1.20 to 1.0 debt service coverage ratio of operating income to debt service under the Loan for each of the trailing twelve (12) months ended December 31, 2023, and the indirect sale of equity securities of Worksport New York as a result of the Company’s sale equity securities in November 2023 (the “Existing Defaults”). Pursuant to the Forbearance Agreement, the definition of “Permitted Transfers” in the Loan Agreement was amended to include the transfer of direct or indirect interest in the Company solely through a stock sale for capital raising purposes, subject to certain conditions, including no occurrence of an Event of Default (other than the Existing Defaults), change in ownership or control of the Company, no new 10% or greater owners, and no involvement of Sanctioned Persons. The Borrower was required to provide prior notice to Lender and satisfactory reporting of the results of the capital raise. On May 14, 2024, the Company successfully negotiated an extension of the maturity date for its $ 5.3 On July 19, 2024, the Company, as the guarantor, and Worksport New York Operations Corporation as well as Worksport USA Operations Corporation, entered into a $ 6,000,000 24 5.06 790,000 4.73 330,000 3,888,740 On September 4, 2024, the Company, through its wholly owned subsidiary, Worksport USA Operations Corporation, entered into a $ 1,487,200 credit and security agreement with an external lending entity with a maturity of 36 months from initial funding (September 2027). Upon transaction close, the Company received net proceeds of $ 1,437,998 The Company and its wholly owned subsidiary, Worksport New York Operations Corporation, serve as guarantors on the loan. During the year ended December 31, 2020, the Company received $ 28,387 40,000 25 28,387 40,000 7,493 10,000

Loss per Share

Loss per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Loss per Share	13. Loss per Share For the three and nine months ended September 30, 2024, loss per share is $ 0.14 0.47 0.23 0.65 29,432,794 25,540,754 17,429,685 17,252,521 There are 299,000,000 30,920,397 17,436,805 22,912,764 23,212,764 357,018 300,000 5,848,056 5,848,056 29,717,838 3,939,924 4,239,924 170,212 300,000 3,576,256 8,286,392

Warrants

Warrants	9 Months Ended
	Sep. 30, 2024
Warrants
Warrants	14. Warrants During the nine months ended September 30, 2024, in connection with the sale of 2,372,240 1,477,892 7,700,264 7,700,264 0.0001 0.74 1,093,492 1,477,892 1,477,892 15 During the nine months ended September 30, 2024, the Company closed a sale of 950,000 1,900,000 0.40 September 21, 2029 During the nine months ended September 30, 2024, 130,909 3,446,515 6.05 During the year ended December 31, 2023, in connection with the sale of 1,925,000 1,575,000 7,000,000 7,000,000 0.0001 1.34 2,110,342 887,000 887,000 89 688,000 688,000 69 7,000,000 0.5198 12,950,000 3,638,000 During the year ended December 31, 2023, the Company and a stock options holder agreed to cancel all 400,000 300,000 400,000 As of September 30, 2024, the Company has the following warrants outstanding: Schedule of Warrants Exercise Price Exercise price Number outstanding Remaining Contractual Life (Years) Expiry date $ 2.40 62,500 0.47 March 20, 2025 $ 4.00 300,000 2.25 December 31, 2026 $ 0.74 7,700,264 4.98 September 20, 2029 $ 0.40 1,900,000 4.98 September 21, 2029 $ 0.52 12,950,000 5.16 November 26, 2029 22,912,764 5.03 The average remaining contractual life of outstanding warrants that expire is 5.03 Schedule of Warrants Activity September 30, 2024 December 31, 2023 Number of warrants Weighted average price Number of warrants Weighted average price Balance, beginning of year 11,627,924 $ 2.42 3,939,924 $ 5.84 Issuance 24,028,156 $ 0.55 8,575,000 $ 1.09 Expired (3,577,414 ) $ 6.05 - $ - Exercise (9,165,892 ) $ 0.40 (887,000 ) $ 0.0001 Balance, end of period 22,912,774 $ 0.63 11,627,924 $ 2.42

Stock Options and Performance S

Stock Options and Performance Share Units	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Options and Performance Share Units	15. Stock Options and Performance Share Units Under the Company’s 2015, 2021 and 2022 Equity Incentive Plans, the number of shares of common stock reserved for issuance under the option plan shall not exceed 10% of the issued and outstanding shares of common stock of the Company, have a maximum term of 10 years, and vest at the discretion of the Board of Directors. All equity-settled, share-based payments are ultimately recognized as an expense in the statement of operations with a corresponding credit to “Additional Paid in Capital.” If vesting periods or other non-market vesting conditions apply, the expense is allocated over the vesting period, based on the best available estimate of the number of share options expected to vest. Estimates are subsequently revised if there is any indication that the number of share options expected to vest differs from previous estimates. Any cumulative adjustment prior to vesting is recognized in the current period. No adjustment is made to any expense recognized in prior periods if share options ultimately exercised are different than that estimated on vesting. Performance Share Units On May 1, 2023, the Company and Steven Rossi reached an agreement to modify 1,600,000 400,000 2,000,000 On November 11, 2022, 700,000 400,000 300,000 Stock Options The Company uses the Black-Scholes option pricing model to determine fair value of stock options on the grant date. On July 23, 2024, the Company engaged in stock option repricing for certain employees, executive officers, and members of the board of directors of the Company. 5,388,956 0.7042 93,140 During the nine months ended September 30, 2024, the Company issued 804,600 0.57 1.37 February 1, 2029 July 28, 2034 8,300 During the year ended December 31, 2023, the Company issued 4,743,356 1.44 4.20 January 30, 2028 October 31, 2033 81,600 Schedule of Stock Options Activity September 30, 2024 December 31, 2023 Number of stock options Weighted average price Number of stock options Weighted average price Balance, beginning of period 5,063,856 $ 1.96 785,000 $ 4.74 Granted 804,600 $ 0.78 4,743,356 $ 1.80 Cancelled (20,400 ) $ (2.31 ) (464,500 ) $ (5.02 ) Balance, end of period 5,848,056 $ 0.73 5,063,856 $ 1.96 Schedule of Share-based Payment Arrangement, Option, Exercise Price Range Range of Exercise prices Outstanding Weighted average life (years) Weighted average exercise price Exercisable on September 30, 2024 Stock options $ 0.57 5.50 5,848,056 8.19 $ 0.73 1,798,750 As of September 30, 2024 and December 31, 2023, Terravis Energy Inc., a wholly owned subsidiary of the Company, has the following options outstanding: Schedule of Stock Options Activity September 30, 2024 December 31, 2023 Number of stock options Weighted average price Number of stock options Weighted average price Balance, beginning of period 1,350,000 $ 0.01 1,350,000 $ 0.01 Granted - $ - - $ - Balance, end of period 1,350,000 $ 0.01 1,350,000 $ 0.01 Schedule of Share-based Payment Arrangement, Option, Exercise Price Range Range of Exercise prices Outstanding Weighted average life (years) Weighted average exercise price Exercisable on September 30, 2024 Stock options $ 0.01 1,350,000 7.53 $ 0.01 1,350,000

Warrant Inducement

Warrant Inducement	9 Months Ended
	Sep. 30, 2024
Warrant Inducement
Warrant Inducement	16. Warrant Inducement On May 9, 2024, the Company entered into a warrant inducement agreement (the “Inducement”) with the holder of existing warrants to purchase an aggregate 7,000,000 0.5198 12,950,000 3,639,000 4,996,000 2,840,000 4,160,000 2,383,000 4,160,000

Rental Income

Rental Income	9 Months Ended
	Sep. 30, 2024
Rental Income
Rental Income	17. Rental Income During the year ended December 31, 2022, the Company entered into a sublease agreement for its warehouse in Mississauga, Ontario, Canada. The sublease commenced on September 15, 2022 May 31, 2024 15,515 19,992 During the nine months ended September 30, 2024, the Company recognized rental income of $ 76,866 139,892

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	18. Subsequent Events The Company has evaluated subsequent events through November 13, 2024. The following events occurred after the quarter ended September 30, 2024: ● On October 3, 2024, the Company announced its first partnership with a government agency for the sale of Worksport tonneau covers. This government agency has a fleet of an estimated two million pickup trucks nationwide. ● On October 9, 2024, the Company announced it is expanding its product line to include tonneau covers compatible with the Rivian R1T electric pickup truck. ● On October 17, 2024, the Company announced a strategic cost-saving initiative to cut $ 1.5 ● On October 17, 2024, the Company announced The Nasdaq Stock Market LLC provided formal notice that the Company is eligible for an additional 180 calendar days to regain compliance with the minimum $ 1 ● On October 23, 2024, the Company announced its targeted market release of its highly anticipated AL4 Premium Tonneau Cover to be dated December 15 th ● On October 31, 2024, the Company announced that it’s SOLIS Solar tonneau cover has been improved to operate at 60V, thereby bringing a substantial cost savings to consumers and enabling a wider breadth of battery integrations.

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	As of September 30, 2024 and December 31, 2023, inventory consists of the following: Schedule of Inventory September 30, 2024 December 31, 2023 Finished goods $ 1,913,228 $ 1,717,669 Promotional items 101,660 101,660 Raw materials 4,123,172 1,812,163 Inventory $ 6,138,060 $ 3,631,492

Prepaid expenses and deposits (

Prepaid expenses and deposits (Tables)	9 Months Ended
	Sep. 30, 2024
Prepaid Expenses And Deposits
Schedule of Prepaid Expenses and Deposits	As of September 30, 2024 and December 31, 2023, prepaid expenses and deposits consist of the following: Schedule of Prepaid Expenses and Deposits September 30, 2024 December 31, 2023 Consulting, services, and advertising $ 237,594 $ 5,215 Deposits 19,006 1,492,034 Prepaid expenses and deposits, net $ 256,600 $ 1,497,249

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	As of September 30, 2024 and December 31, 2023, major classes of property and equipment consist of the following: Schedule of Property and Equipment September 30, 2024 December 31, 2023 Equipment $ 3,142,683 $ 2,784,098 Manufacturing equipment 3,340,463 3,260,679 Furniture 154,065 146,049 Product molds 524,476 524,476 Computers 96,056 84,070 Leasehold improvements 903,721 861,332 Building 6,079,410 6,079,410 Land 2,239,405 2,239,405 Automobile 168,497 168,497 Property and equipment, gross 168,497 168,497 Less accumulated depreciation (2,682,566 ) (1,664,580 ) Property and Equipment, net $ 13,966,210 $ 14,483,436

Changes in Cash Flows from Op_2

Changes in Cash Flows from Operating Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Changes in Operating Assets and Liabilities	The changes to the Company’s operating assets and liabilities for the nine months ended September 30, 2024 and 2023 are as follows: Schedule of Changes in Operating Assets and Liabilities 2024 2023 Decrease (increase) in accounts receivable $ (3,320 ) $ (455,509 ) Decrease (increase) in other receivable 11,898 103,998 Decrease (increase) in inventory (2,506,568 ) (2,205,697 ) Decrease (increase) in prepaid expenses and deposits 1,240,649 26,200 Increase (decrease) in payroll taxes payable 26,581 43,738 Increase (decrease) in accounts payable and accrued liabilities 1,004,819 (152,474 ) Changes in operating assets and liabilities $ (225,941 ) $ (2,639,744 )

Operating Lease Obligations (Ta

Operating Lease Obligations (Tables)	9 Months Ended
	Sep. 30, 2024
Operating Lease Obligations
Schedule Right-of-use Asset	The Company’s right-of-use asset and lease liability as of September 30, 2024, and December 31, 2023, are as follows: Schedule Right-of-use Asset September 30, 2024 December 31, 2023 Right-of-use asset $ 658,152 $ 917,354 Current lease liability $ 248,540 $ 328,229 Long-term lease liability $ 433,214 $ 608,761
Schedule of Lease Cost	The following is a summary of the Company’s total lease costs: Schedule of Lease Cost September 30, 2024 September 30, 2023 Operating lease cost $ 331,057 $ 368,984
Schedule of Measurement of Lease Liabilities	The following is a summary of cash paid during the nine months ended September 30, 2024 and 2023 for amounts included in the measurement of lease liabilities: Schedule of Measurement of Lease Liabilities September 30, 2024 September 30, 2023 Operating cashflow $ 328,113 $ 378,102
Schedule of Future Minimum Lease Payments	The following are future minimum lease payments due as of September 30, 2024: Schedule of Future Minimum Lease Payments 2025 $ 294,437 2026 275,720 2027 187,453 Total future minimum lease payments 757,610 Less: amount representing interest (75,856 ) Present value of future payments 681,754 Current portion 248,540 Long term portion $ 433,214

Warrants (Tables)

Warrants (Tables)	9 Months Ended
	Sep. 30, 2024
Warrants
Schedule of Warrants Exercise Price	As of September 30, 2024, the Company has the following warrants outstanding: Schedule of Warrants Exercise Price Exercise price Number outstanding Remaining Contractual Life (Years) Expiry date $ 2.40 62,500 0.47 March 20, 2025 $ 4.00 300,000 2.25 December 31, 2026 $ 0.74 7,700,264 4.98 September 20, 2029 $ 0.40 1,900,000 4.98 September 21, 2029 $ 0.52 12,950,000 5.16 November 26, 2029 22,912,764 5.03
Schedule of Warrants Activity	Schedule of Warrants Activity September 30, 2024 December 31, 2023 Number of warrants Weighted average price Number of warrants Weighted average price Balance, beginning of year 11,627,924 $ 2.42 3,939,924 $ 5.84 Issuance 24,028,156 $ 0.55 8,575,000 $ 1.09 Expired (3,577,414 ) $ 6.05 - $ - Exercise (9,165,892 ) $ 0.40 (887,000 ) $ 0.0001 Balance, end of period 22,912,774 $ 0.63 11,627,924 $ 2.42

Stock Options and Performance_2

Stock Options and Performance Share Units (Tables)	9 Months Ended
	Sep. 30, 2024
Schedule of Stock Options Activity	Schedule of Stock Options Activity September 30, 2024 December 31, 2023 Number of stock options Weighted average price Number of stock options Weighted average price Balance, beginning of period 5,063,856 $ 1.96 785,000 $ 4.74 Granted 804,600 $ 0.78 4,743,356 $ 1.80 Cancelled (20,400 ) $ (2.31 ) (464,500 ) $ (5.02 ) Balance, end of period 5,848,056 $ 0.73 5,063,856 $ 1.96
Schedule of Share-based Payment Arrangement, Option, Exercise Price Range	Schedule of Share-based Payment Arrangement, Option, Exercise Price Range Range of Exercise prices Outstanding Weighted average life (years) Weighted average exercise price Exercisable on September 30, 2024 Stock options $ 0.57 5.50 5,848,056 8.19 $ 0.73 1,798,750
Terravis Energy, Inc. [Member]
Schedule of Stock Options Activity	As of September 30, 2024 and December 31, 2023, Terravis Energy Inc., a wholly owned subsidiary of the Company, has the following options outstanding: Schedule of Stock Options Activity September 30, 2024 December 31, 2023 Number of stock options Weighted average price Number of stock options Weighted average price Balance, beginning of period 1,350,000 $ 0.01 1,350,000 $ 0.01 Granted - $ - - $ - Balance, end of period 1,350,000 $ 0.01 1,350,000 $ 0.01
Schedule of Share-based Payment Arrangement, Option, Exercise Price Range	Schedule of Share-based Payment Arrangement, Option, Exercise Price Range Range of Exercise prices Outstanding Weighted average life (years) Weighted average exercise price Exercisable on September 30, 2024 Stock options $ 0.01 1,350,000 7.53 $ 0.01 1,350,000

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)					3 Months Ended		9 Months Ended		12 Months Ended
	May 09, 2024	Mar. 20, 2024	Nov. 02, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Aug. 06, 2021	Aug. 03, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash and cash equivalents					$ 1,857,685		$ 1,857,685		$ 3,365,778
Accumulated deficit					60,176,150		60,176,150		48,313,177
Net loss					4,134,917	$ 3,949,298	11,862,973	$ 11,270,023
Working capital					$ 5,880,926		5,880,926		$ 1,956,894
Proceeds from other equity							32,500,000
Number of common shares issued, value				$ 30,000,000		88,409	$ 3,195,201	95,541
Sale of stock issued							950,000
Net proceeds							$ 380,000
Issued of warrants					22,912,764		22,912,764
Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net loss
Number of common shares issued, value						$ 2	$ 526	$ 3
Sale of stock issued		2,372,240	1,925,000				2,372,240	27,429
Net proceeds							$ 1,535,591	$ 95,541
Sale of stock issued						22,995	5,260,161	27,429
Proceeds from issuance of warrants		$ 2,629,083	$ 4,261,542
Warrants an exercise price					$ 0.0001		$ 0.0001		$ 0.0001
Pre-funded Warrants [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of common shares issued, value							$ 15
Sale of stock issued		1,477,892	1,575,000				1,477,892
Warrant [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock issued							7,700,264
Proceeds from issuance of warrants	$ 3,639,000								$ 3,638,000
Issued of warrants	2,840,000	7,700,264	7,000,000
Convertible shares of common stock	7,000,000	7,700,264	7,000,000		7,700,264		7,700,264		7,000,000	3,446,515	130,909
Warrants an exercise price	$ 0.5198	$ 0.74	$ 1.34		$ 0.74		$ 0.74		$ 0.5198	$ 6.05	$ 6.05
Warrants and rights outstanding, term			5 years 6 months
Market Offering Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of common shares issued, value				$ 13,000,000			$ 13,000,000	$ 13,000,000
Gross sales price, percentage				3%
ATM Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock issued							604,048
Net proceeds							$ 780,356
ATM Agreement [Member] | Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock issued							504,921
Net proceeds							$ 566,118

Schedule of Inventory (Details)

Schedule of Inventory (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 1,913,228	$ 1,717,669
Promotional items	101,660	101,660
Raw materials	4,123,172	1,812,163
Inventory	$ 6,138,060	$ 3,631,492

Schedule of Prepaid Expenses an

Schedule of Prepaid Expenses and Deposits (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Prepaid Expenses And Deposits
Consulting, services, and advertising	$ 237,594	$ 5,215
Deposits	19,006	1,492,034
Prepaid expenses and deposits, net	$ 256,600	$ 1,497,249

Prepaid expenses and deposits_2

Prepaid expenses and deposits (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Prepaid Expenses And Deposits
Prepaid expenses and deposits	$ 237,594	$ 5,215

Schedule of Property and Equipm

Schedule of Property and Equipment (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less accumulated depreciation	$ (2,682,566)	$ (1,664,580)
Property and Equipment, net	13,966,210	14,483,436
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,142,683	2,784,098
Manufacturing Facility [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,340,463	3,260,679
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	154,065	146,049
Product Molds [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	524,476	524,476
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	96,056	84,070
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	903,721	861,332
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	6,079,410	6,079,410
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,239,405	2,239,405
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 168,497	$ 168,497

Shareholders_ Equity (Deficit)

Shareholders’ Equity (Deficit) (Details Narrative) - USD ($)					3 Months Ended	9 Months Ended		12 Months Ended
	May 09, 2024	Mar. 20, 2024	Nov. 02, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares						950,000
Proceeds from sale of common stock						$ 380,000
Stock issued during period, value, new issues				$ 30,000,000	$ 88,409	$ 3,195,201	$ 95,541
Common stock, shares authorized						299,000,000		299,000,000
Common stock par value						$ 0.0001		$ 0.0001
Share based payment award, options, grants in period, gross						804,600		4,743,356
Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share based payment award, options, grants in period, gross						100
Preferred stock par value						$ 0.0001		$ 0.0001
Preferred stock voting rights						Series A preferred Stock have voting rights equal to 299 shares of common stock, per share of preferred stock
Series B Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share based payment award, options, grants in period, gross						100,000
Preferred stock par value						$ 0.0001		$ 0.0001
Preferred stock voting rights						Series B preferred Stock have voting rights equal to 10,000 shares of common stock, per share of Preferred Stock
Pre-funded Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares						1,477,892		1,575,000
Proceeds from issuance of warrants						$ 1,093,492		$ 2,110,342
Restricted Stock [Member] | Operating Expense [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, value, new issues							1,022,963
Restricted Stock [Member] | Consultant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, value, new issues						753,069
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, value, new issues						$ 30,000,000	$ 30,000,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares		2,372,240	1,925,000			2,372,240	27,429
Proceeds from sale of common stock						$ 1,535,591	$ 95,541
Stock issued during period, value, new issues					$ 2	$ 526	$ 3
Number of shares issued					22,995	5,260,161	27,429
Proceeds from issuance of warrants		$ 2,629,083	$ 4,261,542
Common stock, shares authorized					299,000,000	299,000,000	299,000,000
Common Stock [Member] | Operating Expense [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, value, new issues							$ 635,000
Number of shares issued							250,000
Common Stock [Member] | Consultant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, value, new issues						$ 382,700
Number of shares issued						333,841
Pre-funded Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, value, new issues						$ 15
Number of shares issued		1,477,892	1,575,000			1,477,892
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued						7,700,264
Proceeds from issuance of warrants	$ 3,639,000							$ 3,638,000
Warrant One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued						1,900,000
ATM Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares						604,048
Proceeds from sale of common stock						$ 780,356
ATM Agreement [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares						504,921
Proceeds from sale of common stock						$ 566,118
Market Offering Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, value, new issues				$ 13,000,000		$ 13,000,000	$ 13,000,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Chief Executive Officer [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Other Receivables	$ 14,303	$ 2,192

Schedule of Changes in Operatin

Schedule of Changes in Operating Assets and Liabilities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Decrease (increase) in accounts receivable	$ (3,320)	$ (455,509)
Decrease (increase) in other receivable	11,898	103,998
Decrease (increase) in inventory	(2,506,568)	(2,205,697)
Decrease (increase) in prepaid expenses and deposits	1,240,649	26,200
Increase (decrease) in payroll taxes payable	26,581	43,738
Increase (decrease) in accounts payable and accrued liabilities	1,004,819	(152,474)
Changes in operating assets and liabilities	$ (225,941)	$ (2,639,744)

Investments (Details Narrative)

Investments (Details Narrative)	9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CAD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CAD ($)	Dec. 31, 2019 USD ($) shares	Sep. 30, 2024 CAD ($)	Dec. 31, 2023 USD ($)
Stock issued during period, shares, acquisitions | shares					10,000,000
Stock issued during period, value, acquisitions					$ 50,000
Advanced receivable for stock issuance	$ 24,423						$ 24,423
Investment owned, cost	66,308					$ 90,000
Proceeds from loans	3,054	$ 4,129	$ 28,387	$ 40,000
Investment owned, balance, principal amount	66,308					$ 90,000
Interest costs incurred	$ 3,123	$ 4,275
Mobile Phone Development Company [Member]
Equity method investment, ownership percentage					10%

Schedule Right-of-use Asset (De

Schedule Right-of-use Asset (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Operating Lease Obligations
Right-of-use asset	$ 658,152	$ 917,354
Current lease liability	248,540	328,229
Long-term lease liability	$ 433,214	$ 608,761

Schedule of Lease Cost (Details

Schedule of Lease Cost (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Lease Obligations
Operating lease cost	$ 331,057	$ 368,984

Schedule of Measurement of Leas

Schedule of Measurement of Lease Liabilities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Lease Obligations
Operating cashflow	$ 328,113	$ 378,102

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Operating Lease Obligations
2025	$ 294,437
2026	275,720
2027	187,453
Total future minimum lease payments	757,610
Less: amount representing interest	(75,856)
Present value of future payments	681,754
Current portion	248,540	$ 328,229
Long term portion	$ 433,214	$ 608,761

Operating Lease Obligations (De

Operating Lease Obligations (Details Narrative)	9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Monthly lease payments	$ 328,113	$ 378,102
Lease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease expiration date				Jun. 01, 2022	May 31, 2024	Jul. 31, 2022
Monthly lease payments				$ 22,101	$ 19,910	$ 2,221
Area of land | ft²				20,296
Additional fees				$ 4,418
Monthly lease payments	$ 3,600		$ 3,350
Incremental borrowing rate	10%

Long term Debt (Details Narrati

Long term Debt (Details Narrative)

9 Months Ended

12 Months Ended

Sep. 04, 2024 USD ($)

Jul. 19, 2024 USD ($)

Feb. 14, 2023 USD ($)

Feb. 14, 2023 CAD ($)

May 04, 2022 USD ($) ft²

Sep. 30, 2024 USD ($)

Sep. 30, 2024 CAD ($)

Sep. 30, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2020 CAD ($)

May 14, 2024 USD ($)

Dec. 31, 2023 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2022 CAD ($)

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Purchase price

$ 500,760

$ 3,446,161

Total principal

3,054

$ 4,129

$ 28,387

$ 40,000

Accounts receivable

$ 330,000

466,442

$ 463,122

Net of issuance costs

3,888,740

Debt instrument loan forgiveness percentage

25%

25%

Debt instrument fair value

$ 28,387

$ 40,000

Debt Instrument, Decrease, Forgiveness

$ 7,493

$ 10,000

Loan Agreement [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Square-foot | ft²

152,847

Purchase price

$ 8,150,000

Total principal

$ 5,300,000

Interest rate

2.25%

Deposits

$ 667,409

Accounts balance

386,164

Principal and accrued interest

$ 5,325,664

Maturity amount

$ 5,300,000

Revolving Financing and Assignment Agreement [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Revolving financing

$ 6,000,000

Maturity months

24 months

Credit and security amount

$ 5,060,000

Interest reserve

790,000

Drawn down amount

$ 4,730,000

Credit and Security Agreement [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Maturity months

36 months

Credit and security amount

$ 1,487,200

Interest reserve

$ 1,437,998

Loss per Share (Details Narrati

Loss per Share (Details Narrative) - $ / shares		3 Months Ended		9 Months Ended
	May 01, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Earnings per share basic		$ 0.14	$ 0.23	$ 0.47	$ 0.65
Earnings per share diluted		$ 0.14	$ 0.23	$ 0.47	$ 0.65
Weighted average number of shares outstanding basic		29,432,794	17,429,685	25,540,754	17,252,521
Weighted average number of shares outstanding diluted		29,432,794	17,429,685	25,540,754	17,252,521
Common stock, shares authorized		299,000,000		299,000,000		299,000,000
Common stock, shares issued		30,920,397		30,920,397		17,436,805
Common stock, shares outstanding		30,920,397		30,920,397		17,436,805
Antidilutive securities, shares				29,717,838	8,286,392
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares issued, shares	400,000			300,000	300,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares				22,912,764	3,939,924
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares				23,212,764	4,239,924
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares				357,018	170,212
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares				5,848,056
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares				5,848,056	3,576,256
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock, shares authorized		299,000,000	299,000,000	299,000,000	299,000,000
Common stock, shares issued		30,920,397	17,436,805	30,920,397	17,436,805
Common stock, shares outstanding		30,920,397	17,436,805	30,920,397	17,436,805
Shares issued, shares			22,995	5,260,161	27,429

Schedule of Warrants Exercise P

Schedule of Warrants Exercise Price (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Warrant, outstanding	22,912,764
Weighted average life (years)	5 years 10 days
Warrants One [Member]
Exercise price | $ / shares	$ 2.40
Warrant, outstanding	62,500
Weighted average life (years)	5 months 19 days
Warrants expiry date	Mar. 20, 2025
Warrants Two [Member]
Exercise price | $ / shares	$ 4
Warrant, outstanding	300,000
Weighted average life (years)	2 years 3 months
Warrants expiry date	Dec. 31, 2026
Warrants Three [Member]
Exercise price | $ / shares	$ 0.74
Warrant, outstanding	7,700,264
Weighted average life (years)	4 years 11 months 23 days
Warrants expiry date	Sep. 20, 2029
Warrants Four [Member]
Exercise price | $ / shares	$ 0.40
Warrant, outstanding	1,900,000
Weighted average life (years)	4 years 11 months 23 days
Warrants expiry date	Sep. 21, 2029
Warrants Five [Member]
Exercise price | $ / shares	$ 0.52
Warrant, outstanding	12,950,000
Weighted average life (years)	5 years 1 month 28 days
Warrants expiry date	Nov. 26, 2029

Schedule of Warrants Activity (

Schedule of Warrants Activity (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Warrants
Number of warrants, Balance	11,627,924	3,939,924
Weighted average price, Balance	$ 2.42	$ 5.84
Number of warrants, Issuance	24,028,156	8,575,000
Weighted average price, Issuance	$ 0.55	$ 1.09
Number of warrants, Expired	(3,577,414)
Weighted average price, Expired	$ 6.05
Number of warrants, Exercise	(9,165,892)	(887,000)
Weighted average price, Exercise	$ 0.40	$ 0.0001
Number of warrants, Balance	22,912,774	11,627,924
Weighted average price, Balance	$ 0.63	$ 2.42

Warrants (Details Narrative)

Warrants (Details Narrative) - USD ($)					3 Months Ended	9 Months Ended		12 Months Ended
	May 09, 2024	Mar. 20, 2024	Nov. 02, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Aug. 06, 2021	Aug. 03, 2021
Connection to the sale						950,000
Pre warrants exercised						9,165,892		887,000
Shares issued				$ 30,000,000	$ 88,409	$ 3,195,201	$ 95,541
Number of warrant						22,912,764
Share price						$ 69		$ 89
Number of stock options restricted stock units								400,000
Weighted average life (years)						5 years 10 days
Pre-funded Warrants [Member]
Number of warrant						688,000		887,000
Common Stock [Member]
Representative warrants are exercisable						688,000		887,000
Holder [Member]
Number of warrant								300,000
Cancelled shares								400,000
Warrants Four [Member]
Exercise price						$ 0.40
Number of shares issued						1,900,000
Warrants expiry date						Sep. 21, 2029
Number of warrant						1,900,000
Weighted average life (years)						4 years 11 months 23 days
Warrant [Member]
Exercise price	7,000,000	7,700,264	7,000,000			7,700,264		7,000,000	3,446,515	130,909
Exercise price	$ 0.5198	$ 0.74	$ 1.34			$ 0.74		$ 0.5198	$ 6.05	$ 6.05
Proceeds from issuance of warrants	$ 3,639,000							$ 3,638,000
Number of shares issued						7,700,264
Number of warrant	2,840,000	7,700,264	7,000,000
Number of new warrants issued	12,950,000							12,950,000
Common Stock [Member]
Connection to the sale		2,372,240	1,925,000			2,372,240	27,429
Exercise price						$ 0.0001		$ 0.0001
Proceeds from issuance of warrants		$ 2,629,083	$ 4,261,542
Number of shares issued					22,995	5,260,161	27,429
Shares issued					$ 2	$ 526	$ 3
Pre-funded Warrants [Member]
Number of shares issued		1,477,892	1,575,000			1,477,892
Pre warrants exercised						1,477,892
Shares issued						$ 15
Prefunded Warrant [Member]
Exercise price								$ 1.34
Common Stock [Member]
Connection to the sale						2,372,240		1,925,000
Pre-funded Warrants [Member]
Connection to the sale						1,477,892		1,575,000
Proceeds from issuance of warrants						$ 1,093,492		$ 2,110,342
Warrant [Member]
Connection to the sale						7,700,264		7,000,000

Schedule of Stock Options Activ

Schedule of Stock Options Activity (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Number of options, balance, beginning of period	5,063,856	785,000
Weighted average price, balance, beginning of period	$ 1.96	$ 4.74
Number of options, granted	804,600	4,743,356
Weighted average price, granted	$ 0.78	$ 1.80
Number of options, cancelled	(20,400)	(464,500)
Weighted average price, cancelled	$ (2.31)	$ (5.02)
Number of options, balance, end of period	5,848,056	5,063,856
Weighted average price, balance, end of period	$ 0.73	$ 1.96
Terravis Energy, Inc. [Member]
Number of options, balance, beginning of period	1,350,000	1,350,000
Weighted average price, balance, beginning of period	$ 0.01	$ 0.01
Number of options, granted
Weighted average price, granted
Number of options, balance, end of period	1,350,000	1,350,000
Weighted average price, balance, end of period	$ 0.01	$ 0.01

Schedule of Share-based Payment

Schedule of Share-based Payment Arrangement, Option, Exercise Price Range (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Lower Range of Exercise prices	$ 0.57
Upper Range of Exercise prices	$ 5.50
Number of Shares Outstanding | shares	5,848,056
Weighted average life (years)	8 years 2 months 8 days
Weighted average exercise price	$ 0.73
Number of Shares Exercisable | shares	1,798,750
Terravis Energy, Inc. [Member]
Upper Range of Exercise prices	$ 0.01
Number of Shares Outstanding | shares	1,350,000
Weighted average life (years)	7 years 6 months 10 days
Weighted average exercise price	$ 0.01
Number of Shares Exercisable | shares	1,350,000

Stock Options and Performance_3

Stock Options and Performance Share Units (Details Narrative) - USD ($)					9 Months Ended		12 Months Ended
	Jul. 23, 2024	May 01, 2023	Nov. 11, 2022	Dec. 29, 2021	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued					804,600		4,743,356
Stock option repricing	$ 5,388,956
Exercise prices per share	$ 0.7042
Additional expense	$ 93,140				$ 3,105,869	$ 4,711,868
Stock option issued					20,400		464,500
Employees And Directors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued					804,600
Stock option issued					8,300
Employees And Directors [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price					$ 0.57
Expiration date					Feb. 01, 2029
Employees And Directors [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price					$ 1.37
Expiration date					Jul. 28, 2034
Employees Directors And Consultants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued							4,743,356
Stock option issued							81,600
Employees Directors And Consultants [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price							$ 1.44
Expiration date							Jan. 30, 2028
Employees Directors And Consultants [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price							$ 4.20
Expiration date							Oct. 31, 2033
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued, shares		1,600,000
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued, shares		400,000			300,000	300,000
Stock option issued			700,000
Performance Shares [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued				400,000
Performance Shares [Member] | Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued				300,000
Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued, shares		2,000,000
2015, 2021 and 2022 Equity Incentive Plans [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation, description					the number of shares of common stock reserved for issuance under the option plan shall not exceed 10% of the issued and outstanding shares of common stock of the Company, have a maximum term of 10 years, and vest at the discretion of the Board of Directors.

Warrant Inducement (Details Nar

Warrant Inducement (Details Narrative) - USD ($)		9 Months Ended	12 Months Ended
	May 09, 2024	Sep. 30, 2024	Dec. 31, 2023	Mar. 20, 2024	Nov. 02, 2023	Aug. 06, 2021	Aug. 03, 2021
Issued of warrants		22,912,764
Warrant [Member]
Convertible shares of common stock	7,000,000	7,700,264	7,000,000	7,700,264	7,000,000	3,446,515	130,909
Exercise price per share	$ 0.5198	$ 0.74	$ 0.5198	$ 0.74	$ 1.34	$ 6.05	$ 6.05
Number of shares issued	12,950,000		12,950,000
Proceeds from issuance of warrants	$ 3,639,000		$ 3,638,000
Non cash deemed dividend	$ 4,996,000
Issued of warrants	2,840,000			7,700,264	7,000,000
Shares issuable recorded as liability	4,160,000	4,160,000
Warrant inducement shares		2,383,000

Rental Income (Details Narrativ

Rental Income (Details Narrative)	9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease payments	$ 328,113	$ 378,102
Rental income	$ 76,866	$ 139,892
Sublease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sublease commence date			Sep. 15, 2022	Sep. 15, 2022
Expiration date			May 31, 2024	May 31, 2024
Lease payments			$ 15,515	$ 19,992

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Oct. 17, 2024 USD ($)
Subsequent Event [Line Items]
Annual expenses	$ 1,500,000
Bid requirement value	$ 1