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Changes in Cash Flows from Operating Assets and Liabilities
 12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Changes in Cash Flows from Operating Assets and Liabilities

15. Changes in Cash Flows from Operating Assets and Liabilities

 

The changes to the Company’s operating assets and liabilities for the years ended December 31, 2022 and 2021 are as follows:

 

   2022   2021 
Decrease (increase) in accounts receivable  $83   $(2,228)
Decrease (increase) in other receivable   (83,311)   (16,883)
Decrease (increase) in inventory   (844,600)   (460,969)
Decrease (increase) in prepaid expenses and deposits   (529,438)   (382,067)
Increase (decrease) in lease liability   8,738    (2,111)
Increase (decrease) in payroll taxes payable   (112,189)   63,973 
Increase (decrease) in accounts payable and accrued liabilities   995,340    187,510 
 Changes in operating assets and liabilities  $(565,377)  $(612,775)

 

 

Worksport Ltd.

Notes to the Consolidated Financial Statements

December 31, 2022 and 2021