Worksport (WKSP) 10-Q16 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	May 15, 2024
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-40681
Entity Registrant Name	Worksport Ltd
Entity Central Index Key	0001096275
Entity Tax Identification Number	35-2696895
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2500 N America Dr
Entity Address, City or Town	West Seneca
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14224
City Area Code	(888)
Local Phone Number	554-8789
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,594,972
Common Stock [Member]
Title of 12(b) Security	Common Stock
Trading Symbol	WKSP
Security Exchange Name	NASDAQ
Warrants [Member]
Title of 12(b) Security	Warrants
Trading Symbol	WKSPW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 3,536,980	$ 3,365,778
Accounts receivable, net	156,344	463,122
Other receivable	155,327	165,865
Inventory (note 4)	6,539,846	3,631,492
Prepaid expenses and deposits (note 5)	342,159	1,497,249
Total Current Assets	10,744,959	9,123,506
Investments (note 10)	90,731	90,731
Property and Equipment, net (note 6)	14,313,885	14,483,436
Right-Of-Use Asset, net (note 11)	803,006	917,354
Intangible Assets, net	1,338,262	1,338,889
Total Assets	27,290,843	25,953,916
Current Liabilities
Accounts payable and accrued liabilities	2,261,869	1,451,181
Payroll taxes payable	3,625	85,010
Loan payable (note 12)	5,300,000	5,300,000
Current lease liability (note 11)	278,064	328,229
Total Current Liabilities	7,843,558	7,166,612
Long Term – Lease Liability (note 11)	546,566	608,761
Total Liabilities	8,390,124	7,775,373
Shareholders’ Equity
Series A & B Preferred Stock, $0.0001 par value, 100,100 shares authorized, 100 Series A and 0 Series B issued and outstanding, respectively (note 7)
Common stock, $0.0001 par value, 299,000,000 shares authorized, 24,100,201 and 20,320,503 shares issued and outstanding, respectively (note 7)	2,410	2,032
Additional paid-in capital	69,018,715	64,685,693
Share subscriptions receivable	(1,577)	(1,577)
Share subscriptions payable	1,917,585	1,814,152
Accumulated deficit	(52,027,834)	(48,313,177)
Cumulative translation adjustment	(8,580)	(8,580)
Total Shareholders’ Equity	18,900,719	18,178,543
Total Liabilities and Shareholders’ Equity	27,290,843	25,953,916
Related Party [Member]
Current Assets
Related party loan (note 8)	14,303
Current Liabilities
Related party loan (note 8)		$ 2,192

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	299,000,000	299,000,000
Common stock, shares issued	24,100,201	20,320,503
Common stock, shares outstanding	24,100,201	20,320,503
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,100	100,100
Preferred stock, shares issued	100	100
Preferred stock, shares outstanding	100	100
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,100	100,100
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net Sales	$ 512,637	$ 31,925
Cost of Goods Sold	475,181	19,757
Gross Profit	37,456	12,168
Operating Expenses
General and administrative	2,674,318	2,129,612
Sales and marketing	66,777	544,351
Professional fees	943,778	868,611
Gain on foreign exchange	(7,951)	(458)
Total operating expenses	3,676,922	3,542,116
Loss from operations	(3,639,466)	(3,529,948)
Other Income (Expense)
Interest expense	(123,598)	(165,099)
Interest income	3,054	119,828
Rental income (note 16)	45,353	44,456
Gain on settlement of debt		7,493
Total other income (expense)	(75,191)	6,678
Net Loss	$ (3,714,657)	$ (3,523,270)
Loss per Share basic	$ (0.18)	$ (0.21)
Loss per Share diluted	$ (0.18)	$ (0.21)
Weighted Average Number of Shares basic	21,188,070	17,159,376
Weighted Average Number of Shares diluted	21,188,070	17,159,376

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Share Subscriptions Receivable [Member]	Share Subscription Payable [Member]	Retained Earnings [Member]	Cumulative Translation Adjustment [Member]	Total
Balance at Dec. 31, 2022	$ 0	$ 1,716	$ 56,919,625	$ (1,577)	$ 591,289	$ (33,384,219)	$ (8,580)	$ 24,118,254
Balance, shares at Dec. 31, 2022	100	17,159,376
Issuance for services and subscriptions payable			356,295		631,822			988,117
Issuance for services and subscriptions payable, shares
Net loss						(3,523,270)		(3,523,270)
Balance at Mar. 31, 2023	$ 0	$ 1,716	57,275,920	(1,577)	1,223,111	(36,907,489)	(8,580)	21,583,101
Balance, shares at Mar. 31, 2023	100	17,159,376
Balance at Dec. 31, 2023	$ 0	$ 2,032	64,685,693	(1,577)	1,814,152	(48,313,177)	(8,580)	18,178,543
Balance, shares at Dec. 31, 2023	100	20,320,503
Issuance for services and subscriptions payable		$ 21	1,138,109		103,433			1,241,563
Issuance for services and subscriptions payable, shares		214,537
Net loss						(3,714,657)		(3,714,657)
Shares issued (note 7)		$ 288	3,194,913					3,195,201
Shares issued (note 7), shares		2,877,161
Warrant exercise		$ 69						69
Warrant exercise (note 18), shares		688,000
Balance at Mar. 31, 2024	$ 0	$ 2,410	$ 69,018,715	$ (1,577)	$ 1,917,585	$ (52,027,834)	$ (8,580)	$ 18,900,719
Balance, shares at Mar. 31, 2024	100	24,100,201

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities
Net Loss	$ (3,714,657)	$ (3,523,270)
Adjustments to reconcile net loss to net cash from operating activities:
Shares, options and warrants issued for services	1,241,563	1,453,617
Depreciation and amortization	383,147	194,974
Change in operating lease	1,988	(20,493)
Adjustments to reconcile net income loss to cash provided by (used in) operating activities	(2,087,959)	(1,895,172)
Changes in operating assets and liabilities (note 9)	(706,645)	(1,039,238)
Net cash used in operating activities	(2,794,604)	(2,934,410)
Cash Flows from Investing Activities
Investments		(66,308)
Purchase of property and equipment	(212,969)	(1,086,921)
Net cash used in investing activities	(212,969)	(1,153,229)
Financing Activities
Shareholder assumption of debt	(16,495)	(43,904)
Proceeds from warrant exercise	69
Proceeds from issuance of common share, net of issuance cost	3,195,201
Net cash received from financing activities	3,178,775	(43,904)
Change in cash	171,202	(4,131,543)
Cash, restricted cash and cash equivalents - beginning of period	3,365,778	14,620,757
Cash, restricted cash and cash equivalents end of period	3,536,980	10,489,214
Supplemental Disclosure of non-cash investing and financing Activities
Shares issued for purchase of software		72,467
Supplemental Disclosure of cash flow information
Income tax paid
Interest paid	$ 144,020	$ 159,156

Basis of Presentation and Busin

Basis of Presentation and Business Condition	3 Months Ended
Basis of Presentation and Business Condition	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation and Business Condition	1. Basis of Presentation and Business Condition a) Interim Financial Information The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments and reclassifications considered necessary in order to make the financial statements not misleading and for a fair and comparable presentation have been included and are of a normal recurring nature. Operating results for the three months period ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on March 28, 2024. Worksport Ltd. (together with its subsidiaries, the “Company”) was incorporated in the State of Nevada on April 2, 2003 under the name Franchise Holdings International, Inc. (“FNHI”). In May 2020, FNHI changed its name to Worksport Ltd. During the year ended December 31, 2014, the Company completed a reverse acquisition transaction (the “Reverse Acquisition”) with TruXmart Ltd. (“TruXmart”). On May 2, 2018, TruXmart legally changed its name to Worksport Ltd. (“Worksport”). Worksport designs and distributes truck tonneau covers in Canada and the United States. b) Statement of Compliance The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) as issued by the Financial Accounting Standards Board (“FASB”). c) Basis of Measurement The Company’s financial statements have been prepared on the accrual basis. d) Consolidation The Company’s condensed consolidated financial statements consolidate the accounts of the Company. All intercompany transactions, balances and unrealized gains or losses from intercompany transactions have been eliminated upon consolidation. e) Functional and Reporting Currency These condensed consolidated financial statements are presented in United States dollars (USD or US$). The functional currency of the Company and its subsidiaries are United States dollar. For purposes of preparing these condensed consolidated financial statements, transactions denominated in Canadian dollars (CAD or C$) were converted to United States dollars at the spot rate. Transaction gains and losses resulting from fluctuations in currency exchange rates on transactions denominated in currencies other than the functional currency are recognized as incurred in the accompanying condensed consolidated statement of operations. f) Use of Estimates The preparation of condensed unaudited financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed interim financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Going Concern

Going Concern	3 Months Ended
Going Concern	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	2. Going Concern As of March 31, 2024, the Company had $ 3,536,980 52,027,834 The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. During the three months ended March 31, 2024, the Company had net losses of $ 3,714,657 3,523,270 2,901,401 1,956,894 52,027,834 48,313,177 Despite the Company having mostly completed its purchasing of large manufacturing machinery, operational costs are expected to remain elevated and, thus, further decrease cash and cash equivalents. Concurrently, the Company intends to continue its ramp-up of manufacturing and increasing sales volumes in 2024, which should mitigate the effects of operational costs on cash and cash equivalents; this view is supported by the fact that the manufacturing facility of the Company was completed for initial production output in 2023 and has started to generate revenue in the third quarter of 2023. The Company has successfully raised cash, and it is positioned to do so again if deemed necessary or strategically advantageous. During the year ended December 31, 2021, the Company, through its Reg-A public offering, private placement offering, underwritten public offering, and exercises of warrants, raised an aggregate of approximately $ 32,500,000 30,000,000 13,000,000 3.0 604,048 780,356 On November 2, 2023, the Company consummated a registered direct offering pursuant to which the Company issued 1,925,000 shares of common stock and 1,575,000 pre-funded warrants to an institutional investor for a total net proceeds of $ 4,261,542 . Concurrently with the registered direct offering, the Company issued the same institutional investor 7,000,000 warrants in a private sale. The warrants are exercisable for 7,000,000 1.34 five and a half years from the issuance date, subject to beneficial ownership limitations as described in the warrants. The Company registered the 7,000,000 On March 20, 2024, the Company consummated a registered direct offering pursuant to which the Company issued 2,372,240 1,477,892 2,629,083 7,700,264 7,700,264 0.74 7,700,264 To date, the Company’s principal sources of liquidity consist of net proceeds from public and private securities offerings and cash exercises of outstanding warrants. Management is focused on transitioning towards revenue as its principal source of liquidity by growing existing product offerings as well as the Company’s customer base. The Company cannot give assurance that it can increase its cash balances or limit its cash consumption and thus maintain sufficient cash balances for planned operations or future business developments. Future business development and demands may lead to cash utilization at levels greater than recently experienced. The Company may need to raise additional capital in the future. However, the Company cannot provide assurances it will be able to raise additional capital on acceptable terms, or at all. The Company has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. Still, certain factors indicate the existence of a material uncertainty that cast substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. These adjustments could be material.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Mar. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	3. Significant Accounting Policies The accounting policies used in the preparation of these condensed consolidated interim financial statements are consistent with those of the Company’s audited financial statements for the year ended December 31, 2023.

Inventory

Inventory	3 Months Ended
Inventory	Mar. 31, 2024
Inventory Disclosure [Abstract]
Inventory	4. Inventory As of March 31, 2024 and December 31, 2023, inventory consists of the following: Schedule of Inventory March 31, 2024 December 31, 2023 Finished goods $ 5,984,977 $ 1,717,669 Promotional items 101,660 101,660 Raw materials 453,209 1,812,163 Inventory $ 6,539,846 $ 3,631,492 As of March 31, 2024, the value of finished goods on-hand increased due to stockpiling of hard tonneau covers, which have higher values than stockpiled soft tonneau covers, in preparation for 2024 sales campaigns.

Prepaid expenses and deposits

Prepaid expenses and deposits	3 Months Ended
Prepaid expenses and deposits	Mar. 31, 2024
Prepaid Expenses And Deposits
Prepaid expenses and deposits	5. Prepaid expenses and deposits As of March 31, 2024 and December 31, 2023, prepaid expenses and deposits consist of the following: Schedule of Prepaid Expenses and Deposits March 31, 2024 December 31, 2023 Consulting, services, and advertising $ 59,009 $ 5,215 Deposits 283,150 1,492,034 Prepaid expenses and deposits, net $ 342,159 $ 1,497,249 As of March 31, 2024, prepaid expenses and deposits consists of $ 59,009 5,215

Property and Equipment

Property and Equipment	3 Months Ended
Property and Equipment	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	6. Property and Equipment As of March 31, 2024 and December 31, 2023, major classes of property and equipment consist of the following: Schedule of Property and Equipment March 31, 2024 December 31, 2023 Equipment $ 2,955,303 $ 2,784,098 Manufacturing equipment 3,248,180 3,260,679 Furniture 154,065 146,049 Product molds 524,476 524,476 Computers 96,056 84,070 Leasehold improvements 895,593 861,332 Building 6,079,410 6,079,410 Land 2,239,405 2,239,405 Automobile 168,497 168,497 Property and Equipment, gross 168,497 168,497 Less accumulated depreciation (2,047,100 ) (1,664,580 ) Property and Equipment, net $ 14,313,885 $ 14,483,436

Shareholders_ Equity (Deficit)

Shareholders’ Equity (Deficit)	3 Months Ended
Shareholders’ Equity (Deficit)	Mar. 31, 2024
Equity [Abstract]
Shareholders’ Equity (Deficit)	7. Shareholders’ Equity (Deficit) During three months ended March 31, 2024, the following transactions occurred: During the three months ended March 31, 2024, the Company sold 504,921 566,118 30,000,000 13,000,000 The Company recognized consulting expense of $ 407,621 214,537 304,188 During the three months ended March 31, 2024, the Company closed a sale of 2,372,240 1,535,591 1,477,892 7,700,264 1,093,492 Refer to note 15 for additional shareholders’ equity (deficit) details. During three months ended March 31, 2023, the following transactions occurred: 631,822 Refer to note 15 for additional shareholders’ equity (deficit) details. As of March 31, 2024, the Company was authorized to issue 299,000,000 0.0001 100 100,000 0.0001 299 10,000

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	8. Related Party Transactions During the three months ended March 31, 2024, the Company recorded salaries expense of $ 121,752 121,410 77,155 76,938 14,303 2,192

Changes in Cash Flows from Oper

Changes in Cash Flows from Operating Assets and Liabilities	3 Months Ended
Changes in Cash Flows from Operating Assets and Liabilities	Mar. 31, 2024
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, 2024 and 2023 are as follows: Schedule of Changes in Operating Assets and Liabilities 2024 2023 Decrease (increase) in accounts receivable $ 306,778 $ (38,013 ) Decrease (increase) in other receivable 10,538 (4,523 ) Decrease (increase) in inventory (2,908,354 ) (257,423 ) Decrease (increase) in prepaid expenses and deposits 1,155,090 (742,590 ) Increase (decrease) in taxes payable (81,385 ) 10,110 Increase (decrease) in accounts payable and accrued liabilities 810,688 (6,799 ) Changes in operating assets and liabilities $ (706,645 ) $ (1,039,238 )

Investments

Investments	3 Months Ended
Investments	Mar. 31, 2024
Investments, All Other Investments [Abstract]
Investments	10. Investments a) During the year ended December 31, 2019, the Company entered into an agreement to purchase 10,000,000 50,000 10 24,423 b) During the three months ended March 31, 2024, $ 66,308 90,000 3,054 4,129 66,308 90,000 3,167 4,275

Operating Lease Obligations

Operating Lease Obligations	3 Months Ended
Operating Lease Obligations	Mar. 31, 2024
Operating Lease Obligations
Operating Lease Obligations	11. Operating Lease Obligations During the year ended December 31, 2019, the Company signed a lease agreement for warehouse space to commence on August 1, 2019 and end on July 31, 2022 2,221 May 31, 2024 19,910 During the year ended December 31, 2022, the Company signed a lease agreement for approximately 20,296 June 1, 2022 22,101 4,418 During the year ended December 31, 2023, the Company signed a lease agreement for office space to be used as an R&D facility pursuant to a one-year lease with an option to extend the lease for an additional year, dated June 1, 2023, for a monthly rent of $ 3,350 The Company has accounted for its leases upon adoption of ASC 842 whereby it recognizes a lease liability and a right-of-use asset at the date of initial application beginning January 1, 2019. The lease liability is measured at the present value of the remaining lease payments, discounted using the Company’s incremental borrowing rate of 10 The Company’s right-of-use asset and lease liability as of March 31, 2024, and December 31, 2024, are as follows: Schedule Right-of-use Asset March 31, 2024 December 31, 2023 Right-of-use asset $ 803,006 $ 917,354 Current lease liability $ 278,064 $ 328,229 Long-term lease liability $ 546,566 $ 608,761 The following is a summary of the Company’s total lease costs: Schedule of Lease Costs March 31, 2024 March 31, 2023 Operating lease cost $ 133,796 $ 126,034 The following is a summary of cash paid during the three months ended March 31, 2024 and 2023 for amounts included in the measurement of lease liabilities: Schedule of Measurement of Lease Liabilities March 31, 2024 March 31, 2023 Operating cashflow $ 135,784 $ 122,156 The following are future minimum lease payments as of March 31, 2024: Schedule of Future Minimum Lease Payments 2025 $ 343,496 2026 278,352 2027 279,815 2028 46,863 Total future minimum lease payments 948,526 Less: amount representing interest (123,896 ) Present value of future payments 824,630 Current portion 278,064 Long term portion $ 546,566

Loan payable

Loan payable	3 Months Ended
Loan payable	Mar. 31, 2024
Loan Payable
Loan payable	12. Loan payable a) On May 4, 2022, the Company, as the guarantor, and Worksport New York Operations Corporation (“Worksport New York”), as the borrower (the “Borrower”) entered into a secured loan agreement (the “Loan Agreement”) with an external banking entity (the “Lender”) relating to the Company’s purchase of a 152,847 8,150,000 5,300,000 2.25 667,409 558,358 5,347,479 On February 4, 2024, the Company and Worksport New York entered into a Forbearance Agreement with the Lender in connection with the Loan Agreement. Pursuant to the Forbearance Agreement, the Lender agreed to forbear from commencing an action for judgement of foreclosure and sale, seeking an appointment of a receiver or collecting default accrued interest under the Loan until the occurrence of a Termination Event (as defined in the Forbearance Agreement) and the Company and Worksport waived all defenses in connection with the Worksport New York failure to maintain 1.20 to 1.0 debt service coverage ratio of net operating income to debt service under the Loan for each of the trailing twelve (12) months ended December 31, 2023, and the indirect sale of equity securities of Worksport New York as a result of the Company’s sale equity securities in November 2023 (the “Existing Defaults”). Pursuant to the Forbearance Agreement, the definition of “Permitted Transfers” in the Loan Agreement was amended to include the transfer of direct or indirect interest in the Company solely through a stock sale for capital raising purposes, subject to certain conditions, including no occurrence of an Events of Default (other than the Existing Defaults), change in ownership or control of the Company, no new 10% or greater owners, and no involvement of Sanctioned Persons. The Borrower must provide prior notice to Lender and satisfactory reporting of the results of the capital raise. On May 14, 2024, the Company successfully negotiated an extension of the maturity date for its $5.3 million Loan Agreement (Note 12) that was originally due on May 20th, 2024. The Company entered into an agreement with the lender to extend the maturity date to August 10th, 2024. See “Note 17 Subsequent Events.” b) During the year ended December 31, 2020, the Company received $ 28,387 40,000 25 28,387 40,000 7,493 10,000

Loss per Share

Loss per Share	3 Months Ended
Loss per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Loss per Share	13. Loss per Share For the three months ended March 31, 2024, loss per share is $ 0.18 0.21 21,188,070 17,159,376 There are 299,000,000 24,100,201 17,159,376 20,118,080 20,418,080 357,018 5,132,656 5,132,656 25,907,754 3,939,924 4,239,924 2,815,212 700,000 1,195,106 1,195,106 8,950,242

Warrants

Warrants	3 Months Ended
Warrants	Mar. 31, 2024
Warrants
Warrants	14. Warrants During the three months ended March 31, 2024, in connection with the sale of 2,372,240 1,477,892 7,700,264 7,700,264 0.0001 0.74 1,093,492 During the year ended December 31, 2023, in connection with the sale of 1,925,000 1,575,000 7,000,000 7,000,000 0.0001 1.34 2,110,342 887,000 887,000 89 688,000 688,000 69 During the year ended December 31, 2023, the Company and a stock options holder agreed to cancel all 400,000 300,000 400,000 As of March 31, 2024, the Company has the following warrants outstanding: Schedule of Warrants Exercise Price Exercise price Number outstanding Remaining Contractual Life (Years) Expiry date $ 6.05 130,909 0.34 August 3, 2024 $ 6.05 3,446,515 0.35 August 6, 2024 $ 2.40 62,500 0.97 March 20, 2025 $ 4.00 300,000 2.75 December 31, 2026 $ 1.34 7,000,000 5.09 May 2, 2029 $ 0.74 7,700,264 5.48 September 20, 2029 $ 0.0001 1,477,892 N/A Never 20,118,080 The average remaining contractual life of outstanding warrants that expire is 3.97 Schedule of Warrants Activity March 31, 2024 December 31, 2023 Number of warrants Weighted average price Number of warrants Weighted average price Balance, beginning of year 11,627,924 $ 2.78 3,939,924 $ 5.84 Issuance 9,178,156 $ 0.62 8,575,000 $ 1.09 Exercise (688,000 ) $ 0.0001 (887,000 ) $ 0.0001 Balance, end of period 20,118,080 $ 1.89 11,627,924 $ 2.78

Stock Options and Performance S

Stock Options and Performance Share Units	3 Months Ended
Stock Options and Performance Share Units	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock Options and Performance Share Units	15. Stock Options and Performance Share Units Under the Company’s 2015, 2021 and 2022 Equity Incentive Plans, the number of shares of common stock reserved for issuance under the option plan shall not exceed 10% of the issued and outstanding shares of common stock of the Company, have a maximum term of 10 years, and vest at the discretion of the Board of Directors. All equity-settled, share-based payments are ultimately recognized as an expense in the statement of operations with a corresponding credit to “Additional Paid in Capital.” If vesting periods or other non-market vesting conditions apply, the expense is allocated over the vesting period, based on the best available estimate of the number of share options expected to vest. Estimates are subsequently revised if there is any indication that the number of share options expected to vest differs from previous estimates. Any cumulative adjustment prior to vesting is recognized in the current period. No adjustment is made to any expense recognized in prior periods if share options ultimately exercised are different than that estimated on vesting. Performance Share Units On May 1, 2023, the Company and Steven Rossi reached an agreement to modify 1,600,000 400,000 2,000,000 On November 11, 2022, 700,000 400,000 300,000 Stock Options The Company uses the Black-Scholes option pricing model to determine fair value of stock options on the grant date. During the three months ended March 31, 2024, Company issued 68,800 0.57 1.41 During the year ended December 31, 2023, the Company issued 1,500,000 stock options to Steven Rossi. The stock options have an exercise price of $ 1.44 and an expiration date of October 31, 2033 . During the year ended December 31, 2023, the Company issued 12,100 25,000 1.70 1.44 10 During the year ended December 31, 2023, the Company issued 321,150 2.55 4.20 49,500 During the year ended December 31, 2023, the Company issued 2,000,000 1.74 May 1, 2033 During the year ended December 31, 2023, the Company issued 75,000 2.43 May 18, 2033 During the year ended December 31, 2023, the Company issued 65,000 1.53 March 14, 2033 15,000 During the year ended December 31, 2023, the Company issued 85,106 1.53 March 14, 2033 During the year ended December 31, 2023, the Company issued 300,000 1.66 January 30, 2028 During the year ended December 31, 2023, the Company issued 360,000 stock options to directors with an exercise price of $ 1.66 and expiring on January 30, 2033 . Schedule of Stock Options Activity March 31, 2024 December 31, 2023 Number of stock options Weighted average price Number of stock options Weighted average price Balance, beginning of year 5,063,856 $ 1.96 785,000 $ 4.74 Granted 68,800 $ 1.17 4,743,356 $ 1.80 Cancelled - $ - (464,500 ) $ (5.02 ) Balance, end of period 5,132,656 $ 1.95 5,063,856 $ 1.96 Schedule of Share-based Payment Arrangement, Option, Exercise Price Range Range of Exercise prices Outstanding Weighted average life (years) Weighted average exercise price Exercisable on March 31, 2024 Stock options $ 0.57 5.50 5,132,656 8.39 $ 1.95 1,250,625 As of March 31, 2024 and December 31, 2023, Terravis Energy Inc., a wholly owned subsidiary of the Company, has the following options outstanding: Schedule of Stock Options Activity March 31, 2024 December 31, 2023 Number of stock options Weighted average price Number of stock options Weighted average price Balance, beginning of year 1,350,000 $ 0.01 1,350,000 $ 0.01 Granted - $ - - $ - Balance, end of period 1,350,000 $ 0.01 1,350,000 $ 0.01 Schedule of Share-based Payment Arrangement, Option, Exercise Price Range Range of Outstanding Weighted average life (years) Weighted average exercise price Exercisable on March 31, 2024 Stock options $ 0.01 1,350,000 8.03 $ 0.01 1,350,000

Rental Income

Rental Income	3 Months Ended
Rental Income	Mar. 31, 2024
Rental Income
Rental Income	16. Rental Income During the year ended December 31, 2022, the Company entered into a sublease agreement for its warehouse in Mississauga, Ontario, Canada. The sublease commenced on September 15, 2022 May 31, 2024 15,515 19,992 During the three months ended March 31, 2024, the Company recognized rental income of $ 45,353 44,456

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events The Company has evaluated subsequent events through May 15, 2024. The following events occurred after the three months ended March 31, 2024: ● On April 29, 2024, 13,300 ● 16,667 RSU units were granted onto a Contractor on May 1, 2024 in consideration for services rendered in Q1 2024. ● On May 6, 2024, 1,477,892 1,477,892 148 ● On May 8, 2024, the Company announced its receipt of a major grant from New York State Excelsior Jobs Program worth up to $ 2.8 The grant, following a strategic low-cost power award from New York Power Authority (NYPA) in April 2024, signifies additional state-level investment in the Company’s expanding operations. With growth exceeding NY State’s forecasts, the Company expects to create up to or over 280 new jobs from 2025 to 2030 and if achieved will receive cash benefits for the creation of these jobs, amounting to $2.8 million received over the next 10 years. ● On May 14, 2024, the Company and Worksport New York Operations Corporation (“Worksport New York”) entered into an Omnibus Amendment of Loan Documents (the “Loan Amendment”) with Northeast Bank (the “Lender”) in connection with that certain secured loan agreement, dated May 4, 2022 (the “Loan Agreement”), by and among the Company, as the guarantor (the “Guarantor”), Worksport New York, as the borrower (the “Borrower”), and the Lender in connection with the Company’s purchase of its 152,847 8,150,000 106,000 106,000

Inventory (Tables)

Inventory (Tables)	3 Months Ended
Inventory (Tables)	Mar. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	As of March 31, 2024 and December 31, 2023, inventory consists of the following: Schedule of Inventory March 31, 2024 December 31, 2023 Finished goods $ 5,984,977 $ 1,717,669 Promotional items 101,660 101,660 Raw materials 453,209 1,812,163 Inventory $ 6,539,846 $ 3,631,492

Prepaid expenses and deposits (

Prepaid expenses and deposits (Tables)	3 Months Ended
Prepaid expenses and deposits (Tables)	Mar. 31, 2024
Prepaid Expenses And Deposits
Schedule of Prepaid Expenses and Deposits	As of March 31, 2024 and December 31, 2023, prepaid expenses and deposits consist of the following: Schedule of Prepaid Expenses and Deposits March 31, 2024 December 31, 2023 Consulting, services, and advertising $ 59,009 $ 5,215 Deposits 283,150 1,492,034 Prepaid expenses and deposits, net $ 342,159 $ 1,497,249

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
Property and Equipment (Tables)	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	As of March 31, 2024 and December 31, 2023, major classes of property and equipment consist of the following: Schedule of Property and Equipment March 31, 2024 December 31, 2023 Equipment $ 2,955,303 $ 2,784,098 Manufacturing equipment 3,248,180 3,260,679 Furniture 154,065 146,049 Product molds 524,476 524,476 Computers 96,056 84,070 Leasehold improvements 895,593 861,332 Building 6,079,410 6,079,410 Land 2,239,405 2,239,405 Automobile 168,497 168,497 Property and Equipment, gross 168,497 168,497 Less accumulated depreciation (2,047,100 ) (1,664,580 ) Property and Equipment, net $ 14,313,885 $ 14,483,436

Changes in Cash Flows from Op_2

Changes in Cash Flows from Operating Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Changes in Operating Assets and Liabilities	The changes to the Company’s operating assets and liabilities for the three months ended March 31, 2024 and 2023 are as follows: Schedule of Changes in Operating Assets and Liabilities 2024 2023 Decrease (increase) in accounts receivable $ 306,778 $ (38,013 ) Decrease (increase) in other receivable 10,538 (4,523 ) Decrease (increase) in inventory (2,908,354 ) (257,423 ) Decrease (increase) in prepaid expenses and deposits 1,155,090 (742,590 ) Increase (decrease) in taxes payable (81,385 ) 10,110 Increase (decrease) in accounts payable and accrued liabilities 810,688 (6,799 ) Changes in operating assets and liabilities $ (706,645 ) $ (1,039,238 )

Operating Lease Obligations (Ta

Operating Lease Obligations (Tables)	3 Months Ended
Operating Lease Obligations (Tables)	Mar. 31, 2024
Operating Lease Obligations
Schedule Right-of-use Asset	The Company’s right-of-use asset and lease liability as of March 31, 2024, and December 31, 2024, are as follows: Schedule Right-of-use Asset March 31, 2024 December 31, 2023 Right-of-use asset $ 803,006 $ 917,354 Current lease liability $ 278,064 $ 328,229 Long-term lease liability $ 546,566 $ 608,761
Schedule of Lease Costs	The following is a summary of the Company’s total lease costs: Schedule of Lease Costs March 31, 2024 March 31, 2023 Operating lease cost $ 133,796 $ 126,034
Schedule of Measurement of Lease Liabilities	The following is a summary of cash paid during the three months ended March 31, 2024 and 2023 for amounts included in the measurement of lease liabilities: Schedule of Measurement of Lease Liabilities March 31, 2024 March 31, 2023 Operating cashflow $ 135,784 $ 122,156
Schedule of Future Minimum Lease Payments	The following are future minimum lease payments as of March 31, 2024: Schedule of Future Minimum Lease Payments 2025 $ 343,496 2026 278,352 2027 279,815 2028 46,863 Total future minimum lease payments 948,526 Less: amount representing interest (123,896 ) Present value of future payments 824,630 Current portion 278,064 Long term portion $ 546,566

Warrants (Tables)

Warrants (Tables)	3 Months Ended
Warrants (Tables)	Mar. 31, 2024
Warrants
Schedule of Warrants Exercise Price	As of March 31, 2024, the Company has the following warrants outstanding: Schedule of Warrants Exercise Price Exercise price Number outstanding Remaining Contractual Life (Years) Expiry date $ 6.05 130,909 0.34 August 3, 2024 $ 6.05 3,446,515 0.35 August 6, 2024 $ 2.40 62,500 0.97 March 20, 2025 $ 4.00 300,000 2.75 December 31, 2026 $ 1.34 7,000,000 5.09 May 2, 2029 $ 0.74 7,700,264 5.48 September 20, 2029 $ 0.0001 1,477,892 N/A Never 20,118,080
Schedule of Warrants Activity	Schedule of Warrants Activity March 31, 2024 December 31, 2023 Number of warrants Weighted average price Number of warrants Weighted average price Balance, beginning of year 11,627,924 $ 2.78 3,939,924 $ 5.84 Issuance 9,178,156 $ 0.62 8,575,000 $ 1.09 Exercise (688,000 ) $ 0.0001 (887,000 ) $ 0.0001 Balance, end of period 20,118,080 $ 1.89 11,627,924 $ 2.78

Stock Options and Performance_2

Stock Options and Performance Share Units (Tables)	3 Months Ended
Stock Options and Performance Share Units (Tables)	Mar. 31, 2024
Schedule of Stock Options Activity	Schedule of Stock Options Activity March 31, 2024 December 31, 2023 Number of stock options Weighted average price Number of stock options Weighted average price Balance, beginning of year 5,063,856 $ 1.96 785,000 $ 4.74 Granted 68,800 $ 1.17 4,743,356 $ 1.80 Cancelled - $ - (464,500 ) $ (5.02 ) Balance, end of period 5,132,656 $ 1.95 5,063,856 $ 1.96
Schedule of Share-based Payment Arrangement, Option, Exercise Price Range	Schedule of Share-based Payment Arrangement, Option, Exercise Price Range Range of Exercise prices Outstanding Weighted average life (years) Weighted average exercise price Exercisable on March 31, 2024 Stock options $ 0.57 5.50 5,132,656 8.39 $ 1.95 1,250,625
Terravis Energy, Inc. [Member]
Schedule of Stock Options Activity	As of March 31, 2024 and December 31, 2023, Terravis Energy Inc., a wholly owned subsidiary of the Company, has the following options outstanding: Schedule of Stock Options Activity March 31, 2024 December 31, 2023 Number of stock options Weighted average price Number of stock options Weighted average price Balance, beginning of year 1,350,000 $ 0.01 1,350,000 $ 0.01 Granted - $ - - $ - Balance, end of period 1,350,000 $ 0.01 1,350,000 $ 0.01
Schedule of Share-based Payment Arrangement, Option, Exercise Price Range	Schedule of Share-based Payment Arrangement, Option, Exercise Price Range Range of Outstanding Weighted average life (years) Weighted average exercise price Exercisable on March 31, 2024 Stock options $ 0.01 1,350,000 8.03 $ 0.01 1,350,000

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)				3 Months Ended
Going Concern (Details Narrative) - USD ($)	Mar. 20, 2024	Nov. 02, 2023	Sep. 30, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash and cash equivalents				$ 3,536,980		$ 3,365,778
Accumulated deficit				52,027,834		48,313,177
Net loss				3,714,657	$ 3,523,270
Working capital				2,901,401		$ 1,956,894
Proceeds from other equity				32,500,000
Number of common shares issued, value			$ 30,000,000	3,195,201
Net proceeds				$ 3,195,201
Issued of warrants				20,118,080
Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net loss
Number of common shares issued, value				$ 288
Sale of stock issued	2,372,240	1,925,000		2,372,240
Net proceeds				$ 1,535,591
Sale of stock issued				2,877,161
Proceeds from issuance of warrants	$ 2,629,083	$ 4,261,542
Warrants an exercise price				$ 0.0001		$ 0.0001
Pre-funded Warrants [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock issued	1,477,892	1,575,000		1,477,892
Warrant [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock issued				7,700,264
Issued of warrants	7,700,264	7,000,000
Convertible shares of common stock	7,700,264	7,000,000		7,700,264		7,000,000
Warrants an exercise price	$ 0.74	$ 1.34		$ 0.74		$ 1.34
Warrants and Rights Outstanding, Term		5 years 6 months
Market Offering Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of common shares issued, value			$ 13,000,000	$ 13,000,000
Gross sales price, percentage			3%
ATM Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock issued				604,048
Net proceeds				$ 780,356
ATM Agreement [Member] \| Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock issued				504,921
Net proceeds				$ 566,118

Schedule of Inventory (Details)

Schedule of Inventory (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 5,984,977	$ 1,717,669
Promotional items	101,660	101,660
Raw materials	453,209	1,812,163
Inventory	$ 6,539,846	$ 3,631,492

Schedule of Prepaid Expenses an

Schedule of Prepaid Expenses and Deposits (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Prepaid Expenses And Deposits
Consulting, services, and advertising	$ 59,009	$ 5,215
Deposits	283,150	1,492,034
Prepaid expenses and deposits, net	$ 342,159	$ 1,497,249

Prepaid expenses and deposits_2

Prepaid expenses and deposits (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Prepaid Expenses And Deposits
Prepaid expenses and deposits	$ 59,009	$ 5,215

Schedule of Property and Equipm

Schedule of Property and Equipment (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less accumulated depreciation	$ (2,047,100)	$ (1,664,580)
Property and Equipment, net	14,313,885	14,483,436
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	2,955,303	2,784,098
Manufacturing Facility [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	3,248,180	3,260,679
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	154,065	146,049
Product Molds [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	524,476	524,476
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	96,056	84,070
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	895,593	861,332
Building [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	6,079,410	6,079,410
Land [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	2,239,405	2,239,405
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	$ 168,497	$ 168,497

Shareholders_ Equity (Deficit)

Shareholders’ Equity (Deficit) (Details Narrative) - USD ($)				3 Months Ended		12 Months Ended
	Mar. 20, 2024	Nov. 02, 2023	Sep. 30, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Proceeds from sale of common stock				$ 3,195,201
Consulting expense			$ 30,000,000	$ 3,195,201
Common stock, shares authorized				299,000,000		299,000,000
Common stock par value				$ 0.0001		$ 0.0001
Share based payment award, options, grants in period, gross				68,800		4,743,356
Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share based payment award, options, grants in period, gross				100
Preferred stock par value				$ 0.0001		$ 0.0001
Preferred stock voting rights				299
Series B Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share based payment award, options, grants in period, gross				100,000
Preferred stock par value				$ 0.0001		$ 0.0001
Preferred stock voting rights				10,000
Pre-funded Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares				1,477,892		1,575,000
Proceeds from issuance of warrants				$ 1,093,492		$ 2,110,342
Consultant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share based payment award, options, grants in period, gross						300,000
Restricted Stock [Member] \| Operating Expense [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Consulting expense					$ 631,822
Restricted Stock [Member] \| Consultant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Consulting expense				407,621
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Consulting expense				$ 30,000,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares	2,372,240	1,925,000		2,372,240
Proceeds from sale of common stock				$ 1,535,591
Consulting expense				$ 288
Number of shares issued				2,877,161
Proceeds from issuance of warrants	$ 2,629,083	$ 4,261,542
Common stock, shares authorized				299,000,000	299,000,000
Common Stock [Member] \| Consultant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Consulting expense				$ 304,188
Number of shares issued				214,537
Pre-funded Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued	1,477,892	1,575,000		1,477,892
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued				7,700,264
ATM Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares				604,048
Proceeds from sale of common stock				$ 780,356
ATM Agreement [Member] \| Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of common stock, shares				504,921
Proceeds from sale of common stock				$ 566,118
Market Offering Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Consulting expense			$ 13,000,000	$ 13,000,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
Related Party Transactions (Details Narrative) - USD ($)	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Salaries expenses	$ 121,752	$ 121,410
Chief Executive Officer [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Receivable from related party	14,303		$ 2,192
Officer and Director [Member]
Related Party Transaction [Line Items]
Salaries expenses	$ 77,155	$ 76,938

Schedule of Changes in Operatin

Schedule of Changes in Operating Assets and Liabilities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Decrease (increase) in accounts receivable	$ 306,778	$ (38,013)
Decrease (increase) in other receivable	10,538	(4,523)
Decrease (increase) in inventory	(2,908,354)	(257,423)
Decrease (increase) in prepaid expenses and deposits	1,155,090	(742,590)
Increase (decrease) in taxes payable	(81,385)	10,110
Increase (decrease) in accounts payable and accrued liabilities	810,688	(6,799)
Changes in operating assets and liabilities	$ (706,645)	$ (1,039,238)

Investments (Details Narrative)

Investments (Details Narrative)	3 Months Ended		12 Months Ended
Investments (Details Narrative)	Mar. 31, 2024 USD ($)	Mar. 31, 2024 CAD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CAD ($)	Dec. 31, 2019 USD ($) shares	Mar. 31, 2024 CAD ($)	Dec. 31, 2023 USD ($)
Purchase shares \| shares					10,000,000
Purchase value					$ 50,000
Advanced receivable for stock issuance	$ 24,423						$ 24,423
Iinvestments	66,308					$ 90,000
Proceeds from loans	3,054	$ 4,129	$ 28,387	$ 40,000
Reinvestment of principal amount	66,308					$ 90,000
Interest costs incurred	$ 3,167	$ 4,275
Mobile Phone Development Company [Member]
Ownership percentage					10%

Schedule Right-of-use Asset (De

Schedule Right-of-use Asset (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Operating Lease Obligations
Right-of-use asset	$ 803,006	$ 917,354
Current lease liability	278,064	328,229
Long-term lease liability	$ 546,566	$ 608,761

Schedule of Lease Costs (Detail

Schedule of Lease Costs (Details) - USD ($)	3 Months Ended
Schedule of Lease Costs (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Operating Lease Obligations
Operating lease cost	$ 133,796	$ 126,034

Schedule of Measurement of Leas

Schedule of Measurement of Lease Liabilities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Lease Obligations
Operating cashflow	$ 135,784	$ 122,156

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Operating Lease Obligations
2025	$ 343,496
2026	278,352
2027	279,815
2028	46,863
Total future minimum lease payments	948,526
Less: amount representing interest	(123,896)
Present value of future payments	824,630
Current portion	278,064	$ 328,229
Long term portion	$ 546,566	$ 608,761

Operating Lease Obligations (De

Operating Lease Obligations (Details Narrative)	3 Months Ended		12 Months Ended
Operating Lease Obligations (Details Narrative)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Monthly lease payments	$ 135,784	$ 122,156
Lease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease expiration date				Jun. 01, 2022	May 31, 2024	Jul. 31, 2022
Monthly lease payments					$ 19,910	$ 2,221
Monthly lease payments \| ft²				20,296
Monthly lease payments				$ 22,101
Additional fees				$ 4,418
Monthly lease payments			$ 3,350
Incremental borrowing rate			10%

Loan payable (Details Narrative

Loan payable (Details Narrative)				3 Months Ended			12 Months Ended
Loan payable (Details Narrative)	Feb. 14, 2023 USD ($)	Feb. 14, 2023 CAD ($)	May 04, 2022 USD ($) ft²	Mar. 31, 2024 USD ($)	Mar. 31, 2024 CAD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CAD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 CAD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total purchase				$ 212,969		$ 1,086,921
Proceeds from loans				3,054	$ 4,129			$ 28,387	$ 40,000
Loan forgiveness percentage								25%	25%
Debt instrument fair value										$ 28,387	$ 40,000
Forgiven debt	$ 7,493	$ 10,000
Loan Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Building purchased \| ft²			152,847
Total purchase			$ 8,150,000
Proceeds from loans							$ 5,300,000
Interest rate							2.25%
Deposits							$ 667,409
Demand deposit accounts				558,358
Outstanding principal and accrued interest				$ 5,347,479

Loss per Share (Details Narrati

Loss per Share (Details Narrative) - $ / shares		3 Months Ended
Loss per Share (Details Narrative) - $ / shares	May 01, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Earnings per share basic		$ 0.18	$ 0.21
Earnings per share diluted		$ 0.18	$ 0.21
Weighted average number of shares outstanding basic		21,188,070	17,159,376
Weighted average number of shares outstanding diluted		21,188,070	17,159,376
Common stock, shares authorized		299,000,000		299,000,000
Common stock, shares issued		24,100,201		20,320,503
Common stock, shares outstanding		24,100,201		20,320,503
Antidilutive securities, shares			8,950,242
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares issued (note 7), shares	400,000		700,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares		20,118,080	3,939,924
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares		20,418,080	4,239,924
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares		357,018	2,815,212
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares		5,132,656	1,195,106
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities, shares		5,132,656	1,195,106
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock, shares authorized		299,000,000	299,000,000
Common stock, shares issued		24,100,201	17,159,376
Common stock, shares outstanding		24,100,201	17,159,376
Antidilutive securities, shares		25,907,754
Shares issued (note 7), shares		2,877,161

Schedule of Warrants Exercise P

Schedule of Warrants Exercise Price (Details)	3 Months Ended
Schedule of Warrants Exercise Price (Details)	Mar. 31, 2024 $ / shares shares
Warrant, outstanding	20,118,080
Weighted average life (years)	3 years 11 months 19 days
Warrants One [Member]
Exercise price \| $ / shares	$ 6.05
Warrant, outstanding	130,909
Weighted average life (years)	4 months 2 days
Warrants expiry date	Aug. 03, 2024
Warrants Two [Member]
Exercise price \| $ / shares	$ 6.05
Warrant, outstanding	3,446,515
Weighted average life (years)	4 months 6 days
Warrants expiry date	Aug. 06, 2024
Warrants Three [Member]
Exercise price \| $ / shares	$ 2.40
Warrant, outstanding	62,500
Weighted average life (years)	11 months 19 days
Warrants expiry date	Mar. 20, 2025
Warrants Four [Member]
Exercise price \| $ / shares	$ 4
Warrant, outstanding	300,000
Weighted average life (years)	2 years 9 months
Warrants expiry date	Dec. 31, 2026
Warrants Five [Member]
Exercise price \| $ / shares	$ 1.34
Warrant, outstanding	7,000,000
Weighted average life (years)	5 years 1 month 2 days
Warrants expiry date	May 02, 2029
Warrants Six [Member]
Exercise price \| $ / shares	$ 0.74
Warrant, outstanding	7,700,264
Weighted average life (years)	5 years 5 months 23 days
Warrants expiry date	Sep. 20, 2029
Warrants Seven [Member]
Exercise price \| $ / shares	$ 0.0001
Warrant, outstanding	1,477,892

Schedule of Warrants Activity (

Schedule of Warrants Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
Schedule of Warrants Activity (Details) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Warrants
Number of warrants, balance, beginning of year	11,627,924	3,939,924
Weighted average price, balance, beginning of year	$ 2.78	$ 5.84
Number of warrants, issuance	9,178,156	8,575,000
Weighted average price, issuance	$ 0.62	$ 1.09
Number of warrants, exercise	(688,000)	(887,000)
Weighted average price, exercise	$ 0.0001	$ 0.0001
Number of warrants, balance, end of period	20,118,080	11,627,924
Weighted average price, balance, ending of year	$ 1.89	$ 2.78

Warrants (Details Narrative)

Warrants (Details Narrative) - USD ($)			3 Months Ended	12 Months Ended
Warrants (Details Narrative) - USD ($)	Mar. 20, 2024	Nov. 02, 2023	Mar. 31, 2024	Dec. 31, 2023
Number of warrant			20,118,080
Share Price			$ 69	$ 89
Number of stock options restricted stock units				400,000
Weighted average life (years)			3 years 11 months 19 days
Pre-funded Warrants [Member]
Number of warrant			688,000	887,000
Common Stock [Member]
Representative warrants are exercisable			688,000	887,000
Holder [Member]
Number of warrant				300,000
Cancelled shares				400,000
Warrant [Member]
Exercise price	7,700,264	7,000,000	7,700,264	7,000,000
Warrant exercise price	$ 0.74	$ 1.34	$ 0.74	$ 1.34
Number of warrant	7,700,264	7,000,000
Common Stock [Member]
Connection to the sale	2,372,240	1,925,000	2,372,240
Warrant exercise price			$ 0.0001	$ 0.0001
Proceeds from issuance of warrants	$ 2,629,083	$ 4,261,542
Common Stock [Member]
Connection to the sale			2,372,240	1,925,000
Pre-funded Warrants [Member]
Connection to the sale			1,477,892	1,575,000
Proceeds from issuance of warrants			$ 1,093,492	$ 2,110,342
Warrant [Member]
Connection to the sale			7,700,264	7,000,000

Schedule of Stock Options Activ

Schedule of Stock Options Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
Schedule of Stock Options Activity (Details) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Number of options, balance, beginning of period	5,063,856	785,000
Weighted average price, balance, beginning of period	$ 1.96	$ 4.74
Number of options, granted	68,800	4,743,356
Weighted average price, granted	$ 1.17	$ 1.80
Number of options, cancelled		(464,500)
Weighted average price, cancelled		$ (5.02)
Number of options, balance, end of period	5,132,656	5,063,856
Weighted average price, balance, end of period	$ 1.95	$ 1.96
Terravis Energy, Inc. [Member]
Number of options, balance, beginning of period	1,350,000	1,350,000
Weighted average price, balance, beginning of period	$ 0.01	$ 0.01
Number of options, granted
Weighted average price, granted
Number of options, balance, end of period	1,350,000	1,350,000
Weighted average price, balance, end of period	$ 0.01	$ 0.01

Schedule of Share-based Payment

Schedule of Share-based Payment Arrangement, Option, Exercise Price Range (Details)	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Lower Range of Exercise prices	$ 0.57
Range of Exercise prices	$ 5.50
Number of Shares Outstanding \| shares	5,132,656
Weighted average life (years)	8 years 4 months 20 days
Weighted average exercise price	$ 1.95
Number of Shares Exercisable \| shares	1,250,625
Terravis Energy, Inc. [Member]
Range of Exercise prices	$ 0.01
Number of Shares Outstanding \| shares	1,350,000
Weighted average life (years)	8 years 10 days
Weighted average exercise price	$ 0.01
Number of Shares Exercisable \| shares	1,350,000

Stock Options and Performance_3

Stock Options and Performance Share Units (Details Narrative) - $ / shares				3 Months Ended		12 Months Ended
	May 01, 2023	Nov. 11, 2022	Dec. 29, 2021	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued				68,800		4,743,356
Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						360,000
Stock option exercise price						$ 1.66
Expiration date						Jan. 30, 2033
Employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued				68,800
Employees [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option exercise price				$ 0.57
Employees [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option exercise price				$ 1.41
Steven Rossi [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						1,500,000
Stock option exercise price						$ 1.44
Expiration date						Oct. 31, 2033
Employees One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						12,100
Stock option exercise price						$ 1.70
Employees Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						25,000
Stock option exercise price						$ 1.44
Expiration term						10 years
Employees and Consultants and Directors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						321,150
Cancelled shares						49,500
Employees and Consultants and Directors [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option exercise price						$ 2.55
Employees and Consultants and Directors [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option exercise price						$ 4.20
Steven Rossi [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						2,000,000
Stock option exercise price						$ 1.74
Expiration date						May 01, 2033
Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						75,000
Stock option exercise price						$ 2.43
Expiration date						May 18, 2033
Employees and Consultant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						65,000
Stock option exercise price						$ 1.53
Expiration date						Mar. 14, 2033
Cancelled shares						15,000
Employee One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						85,106
Stock option exercise price						$ 1.53
Expiration date						Mar. 14, 2033
Consultant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued						300,000
Expiration date						Jan. 30, 2028
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued (note 7), shares	1,600,000
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued (note 7), shares	400,000				700,000
Stock option issued		700,000
Performance Shares [Member] \| Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued			400,000
Performance Shares [Member] \| Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option issued			300,000
Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued (note 7), shares	2,000,000
2015, 2021 and 2022 Equity Incentive Plans [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation, description				the number of shares of common stock reserved for issuance under the option plan shall not exceed 10% of the issued and outstanding shares of common stock of the Company, have a maximum term of 10 years, and vest at the discretion of the Board of Directors.

Rental Income (Details Narrativ

Rental Income (Details Narrative)	3 Months Ended		12 Months Ended
Rental Income (Details Narrative)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease payments	$ 135,784	$ 122,156
Rental income	$ 45,353	$ 44,456
Sublease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sublease commence date			Sep. 15, 2022	Sep. 15, 2022
Expiration date			May 31, 2024	May 31, 2024
Lease payments			$ 15,515	$ 19,992

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)				3 Months Ended		12 Months Ended
Subsequent Events (Details Narrative)	May 08, 2024 USD ($)	Apr. 29, 2024 shares	May 04, 2022 USD ($) ft²	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 shares	May 06, 2024 USD ($) shares
Subsequent Event [Line Items]
Stock option issued				68,800		4,743,356
Issued of warrants				20,118,080
Total purchase \| $				$ 212,969	$ 1,086,921
Loan Agreement [Member]
Subsequent Event [Line Items]
Building purchased \| ft²			152,847
Total purchase \| $			$ 8,150,000
Extension fee \| $			$ 106,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Grant amount \| $	$ 2,800,000
Grant description	The grant, following a strategic low-cost power award from New York Power Authority (NYPA) in April 2024, signifies additional state-level investment in the Company’s expanding operations. With growth exceeding NY State’s forecasts, the Company expects to create up to or over 280 new jobs from 2025 to 2030 and if achieved will receive cash benefits for the creation of these jobs, amounting to $2.8 million received over the next 10 years.
Subsequent Event [Member] \| Pre-funded Warrants [Member]
Subsequent Event [Line Items]
Issued of warrants							1,477,892
Subsequent Event [Member] \| Common Stock [Member]
Subsequent Event [Line Items]
Issued of warrants							1,477,892
Warrants issued value \| $							$ 148
Employee One [Member]
Subsequent Event [Line Items]
Stock option issued						85,106
Employee One [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Stock option issued		13,300