Changes in Cash Flows from Operating Assets and Liabilities

3 Months Ended

Mar. 31, 2022

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 three months ended March 31, 2022 and 2021 are as follows:

	2022			2021
Decrease (increase) in accounts receivable	$	6,733		$	106,349
Decrease (increase) in other receivable		106,413			135,307
Decrease (increase) in inventory		(290,041	)		(252,529	)
Decrease (increase) in prepaid expenses and deposits		(430,917	)		(64,594	)
Increase (decrease) in lease liability		59,612			850
Increase (decrease) in taxes payable		(112,189	)		2,970
Increase (decrease) in accounts payable and accrued liabilities		105,626			(4,862	)
	$	(554,762	)	$	(76,510	)

Worksport Ltd.

Notes to the Condensed Consolidated Financial Statements

(Unaudited)