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Worksport Ltd (WKSP): material weakness open at least 2,128 days

By , Ctrl Worx™. Built from its own SEC filings. How the Clock works.

Worksport Ltd reported ineffective internal control over financial reporting because of a material weakness in 6 filings since Apr 13, 2021. It stated one or more material weaknesses in 18 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Jun 30, 2026.

Ctrl Worx Watch List™ status

On the Clock
5.8 yearsopen since at least Dec 31, 2020
10-Q, Aug 11, 2026latest filing that reports the weakness. Read it on SEC EDGAR
#60 of 1,250on the Clock by time open, tied with 236 other companies that share its start date. See the Clock

Still filing, and no annual report of its own says the weakness is fixed.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #10353

Filings with a weakness24
First in our dataApr 13, 2021
AuditorLumsden & McCormick, LLP

Causes the company named

Not described · 14Segregation of duties · 10Entity-level and governance · 9ITGC: user access · 5Financial close and reporting · 4Accounting expertise and resources · 4ITGC: general · 1

What the latest filing says

ange Act of 1934 is recorded, processed, summarized and reported within the required time and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure due to a material weakness in internal control over financial reporting. Material Weaknesses A material weakness is a deficiency, or a combination of deficiencies, within the meaning of Public Company Accounting Oversight Board Auditing Standard AS 2201, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. We had the following material weakness in internal control over financial reporting, characterized by the following: ● We have not designed written policies and procedures at a sufficient level of precision to support the operating effectiveness of the controls to prevent and timely detect potential errors. ● We did not maintain [...]

From the controls section of the 10-Q filed Aug 11, 2026. Read the full filing on SEC EDGAR.

Company response: Worksport Ltd can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

FiledFormPeriodControlsCausesFiling
Aug 11, 202610-QJun 30, 2026Material weakness stated, no ICFR conclusionNot describedEDGAR
May 13, 202610-QMar 31, 2026Material weakness stated, no ICFR conclusionSegregation of duties; ITGC: user access; Entity-level and governanceEDGAR
Mar 26, 202610-KDec 31, 2025Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; Entity-level and governanceEDGAR
Nov 13, 202510-QSep 30, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Entity-level and governanceEDGAR
Aug 13, 202510-QJun 30, 2025Material weakness stated, no ICFR conclusionSegregation of duties; ITGC: user access; Entity-level and governanceEDGAR
May 15, 202510-QMar 31, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Entity-level and governanceEDGAR
Mar 27, 202510-KDec 31, 2024Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user accessEDGAR
Nov 13, 202410-QSep 30, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
Aug 13, 202410-QJun 30, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
May 16, 202410-QMar 31, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
Mar 28, 202410-KDec 31, 2023Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; Entity-level and governanceEDGAR
Nov 14, 202310-QSep 30, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
Aug 14, 202310-QJun 30, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
May 15, 202310-QMar 31, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
Mar 31, 202310-KDec 31, 2022Not effectiveSegregation of duties; ITGC: user access; Entity-level and governanceEDGAR
Nov 14, 202210-QSep 30, 2022Material weakness stated, no ICFR conclusionNot describedEDGAR
Aug 19, 202210-QJun 30, 2022Material weakness stated, no ICFR conclusionNot describedEDGAR
May 23, 202210-QMar 31, 2022Material weakness stated, no ICFR conclusionNot describedEDGAR
Mar 31, 202210-KDec 31, 2021Not effectiveSegregation of duties; ITGC: general; Entity-level and governanceEDGAR
Nov 15, 202110-QSep 30, 2021Material weakness stated, no ICFR conclusionNot describedEDGAR
Aug 17, 202110-Q/AJun 30, 2021Material weakness stated, no ICFR conclusionNot describedEDGAR
Aug 16, 202110-QJun 30, 2021Material weakness stated, no ICFR conclusionNot describedEDGAR
May 24, 202110-QMar 31, 2021Material weakness stated, no ICFR conclusionNot describedEDGAR
Apr 13, 202110-KDec 31, 2020Not effectiveSegregation of duties; Accounting expertise and resources; Entity-level and governanceEDGAR

Others on the Clock in the same industry

By SEC industry code: 3714, Motor Vehicle Parts & Accessories, then related codes.

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with Worksport Ltd or the SEC. Not investment advice. Why you can rely on the Watch List.