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Income Taxes | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Income Taxes | 13. Income Taxes a) The income tax expense for the years ended December 31, 2022 and 2021 is reconciled per the schedule below: Schedule of Reconciliation of Income Tax
|  | 2022 |  |  | 2021 |
Loss before income taxes |  | $ | (12,534,414 | ) |  | $ | (7,897,086 | )
State income taxes, net of federal benefits |  |  | (626,721 | ) |  |  | (394,855 | )
Non-deductible portion of meals and entertainment |  |  | 41,409 |  |  |  | 19,899 |
Share base compensation |  |  | 562,530 |  |  |  | 1,007,220 |
Interest and penalty |  |  | 100,000 |  |  |  | - |
Adjusted net loss for tax purposes |  |  | (12,457,196 | ) |  |  | (7,264,822 | )
Statutory rate |  |  | 21 | % |  |  | 21 | %
Income tax benefit |  |  | (2,616,011 | ) |  |  | (1,525,613 | )
Increase in valuation allowance |  |  | 2,616,011 |  |  |  | 1,525,613 |
Provision for income taxes |  | $ | - |  |  | $ | - |
b) Deferred Income Tax Assets The tax effects of temporary differences that give rise to the deferred income tax assets at December 31, 2022 and 2021 are as follows: Schedule of Deferred Income Tax Assets
|  | 2022 |  |  | 2021 |
Net operating loss carry forwards |  | $ | 4,189,777 |  |  | $ | 2,358,455 |
Amortization |  |  | 482,691 |  |  |  | 32,265 |
Change in operating lease |  |  | (9,964 | ) |  |  | 16,208 |
Share base compensation |  |  | 4,336,903 |  |  |  | 3,976,468 |
Deferred tax assets, gross |  |  | 8,999,407 |  |  |  | 6,383,396 |
Deferred tax assets not recognized |  |  | (8,999,407 | ) |  |  | (6,383,396 | )
Net deferred tax asset |  | $ | - |  |  | $ | - |
Deferred income taxes within each jurisdiction on the balance sheets at December 31, 2022 and 2021 are as follows: Schedule of Deferred Income Taxes Within Each Jurisdiction
|  | 2022 |  |  | 2021 |
United States |  | $ | 6,454,407 |  |  | $ | 4,925,396 |
Canada |  |  | 2,545,000 |  |  |  | 1,458,000 |
Deferred income taxes |  |  | 2,545,000 |  |  |  | 1,458,000 |
Valuation allowance |  |  | (8,999,407 | ) |  |  | (6,383,396 | )
Net deferred tax asset |  | $ | - |  |  | $ | - |
Worksport Ltd. Notes to the Consolidated Financial Statements December 31, 2022 and 2021 13. Income Taxes (continued) c) Cumulative Net Operating Losses The Company has non-capital losses carried forward of approximately $17,997,000 available to reduce future years’ taxable income. These losses will expire as follows: Schedule of Cumulative Non-capital Losses
|  | United States |  |  | Canada |  |  | Total |
2034 |  | $ | 53,000 |  |  | $ | 183,000 |  |  | $ | 236,000 |
2035 |  |  | 161,000 |  |  |  | 368,000 |  |  |  | 529,000 |
2036 |  |  | 868,000 |  |  |  | 262,000 |  |  |  | 1,130,000 |
2037 |  |  | 1,472,000 |  |  |  | 59,000 |  |  |  | 1,531,000 |
2038 |  |  | - |  |  |  | 520,000 |  |  |  | 520,000 |
2039 |  |  | - |  |  |  | 193,000 |  |  |  | 193,000 |
2040 |  |  | - |  |  |  | 718,000 |  |  |  | 718,000 |
2041 |  |  | - |  |  |  | 3,000,000 |  |  |  | 3,000,000 |
2042 |  |  | - |  |  |  | 4,100,000 |  |  |  | 4,100,000 |
Non-capital losses carried forward Total |  | $ | 2,554,000 |  |  | $ | 9,603,000 |  |  | $ | 12,157,000 |
Never expire |  | $ | 5,840,000 |  |  | $ | - |  |  | $ | 5,840,000 |
These net operating loss carryforwards of approximately $17,997,000 may be offset against future taxable income. No tax benefit from these losses have been reported in the December 31, 2022 consolidated financial statements since the potential tax benefit is offset by a valuation allowance of the same amount. Due to change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years. The Company complies with the provisions of FASB ASC 740 in accounting for its uncertain tax positions. ASC 740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company has determined that the Company has no significant uncertain tax positions requiring recognition under ASC 740. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Company had no accruals for interest and tax penalties at December 31, 2022 and 2021. The Company does not expect the amount of unrecognized tax benefits to materially change within the next twelve months. The Company is required to file income tax returns in the U.S. and Canadian Federal jurisdictions, as well as the states of New York, New Jersey, and Utah and in the province of Ontario. The Company is no longer subject to income tax examinations by tax authorities for tax years ending before December 31, 2019.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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