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Related Party Transactions
 12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

12. Related Party Transactions

 

During the year ended December 31, 2022, the Company recorded salaries expense of $387,308 (2021 - $410,573) related to services rendered to the Company by its CEO. During the same period the Company recorded salaries expense of $265,858 (2021 - $125,707) to an officer and director of the Company. As of December 31, 2022 and 2021, the Company has a payable of $46,096 and $35,547 to the CEO.

 

During the year ended December 31, 2021, the Company paid a director of the Company $50,000 for services rendered from 2015 to 2020.

 

During the year ended December 31, 2021, the Company paid $59,203 to a U.S.-based corporation of which the Company’s CEO and director is also a stockholder.

 

Refer to note 11 and 24 for additional related party transactions.

 

 

Worksport Ltd.

Notes to the Consolidated Financial Statements

December 31, 2022 and 2021