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Loss per Share | 3 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Loss per Share | 16. Loss per Share For the three months ended March 31, 2022, loss per share is $(0.17) (basic and diluted) compared to the three months ended March 31, 2021, of $(0.24) (basic and diluted) using the weighted average number of shares of 16,988,033 (basic and diluted) and 5,155,097 (basic and diluted) respectively. There are 299,000,000 shares authorized, 17,001,034 and 8,820,619 shares issued and outstanding, as at March 31, 2022 and 2021 respectively. As of March 31, 2022, the Company has 221,667 shares to be issued. The computation of loss per share is based on the weighted average number of shares outstanding during the period in accordance with ASC Topic No. 260, “Earnings Per Share.” Shares underlying the Company’s outstanding warrants and convertible promissory notes were excluded due to the anti-dilutive effect they would have on the computation. As at March 31, 2022 the Company has 5,586,523 warrants convertible to 6,577,513 common shares, 1,070,000 restricted stock to be issued, 722,500 stock options exercisable for 722,500 common shares, and 700,000 performance stock units that would result in the issuance of up to 700,000 common shares upon specific vesting conditions being met, for a total underlying common shares of 9,070,013. As at March 31, 2021 the Company has 2,884,180 warrants convertible to 2,884,180 common shares for a total underlying common shares of 2,884,180. Worksport Ltd. Notes to the Condensed Consolidated Financial Statements (Unaudited)

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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