Depreciation in USD of Worksport Ltd from 2014 to Q3 2025

Taxonomy & unit
us-gaap: USD
Description
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
Summary
Worksport Ltd quarterly/annual Depreciation history and change rate from 2014 to Q3 2025.
  • Worksport Ltd Depreciation for the quarter ending September 30, 2025 was $374K, a 7.21% decline year-over-year.
  • Worksport Ltd Depreciation for the twelve months ending September 30, 2025 was $1.42M.
  • Worksport Ltd annual Depreciation for 2024 was $1.37M, a 23.5% increase from 2023.
  • Worksport Ltd annual Depreciation for 2023 was $1.11M, a 129% increase from 2022.
  • Worksport Ltd annual Depreciation for 2022 was $484K, a 651% increase from 2021.
Depreciation, Trailing 12 Months (USD)
Depreciation, Quarterly (USD)
Depreciation, YoY Quarterly Change (%)
Depreciation, Annual (USD)
Depreciation, YoY Annual Change (%)

Worksport Ltd Quarterly Depreciation (USD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q3 2025 $1.42M $374K -$29.1K -7.21% Jul 1, 2025 Sep 30, 2025 10-Q 2025-11-13
Q2 2025 $1.45M $347K +$115K +49.6% Apr 1, 2025 Jun 30, 2025 10-Q 2025-08-13
Q1 2025 $1.33M $349K -$34K -8.89% Jan 1, 2025 Mar 31, 2025 10-Q 2025-05-15
Q4 2024 $1.37M $349K Oct 1, 2024 Dec 31, 2024 10-K 2025-03-27
Q3 2024 $403K Jul 1, 2024 Sep 30, 2024 10-Q 2025-11-13
Q2 2024 $232K Apr 1, 2024 Jun 30, 2024 10-Q 2025-08-13
Q1 2024 $383K Jan 1, 2024 Mar 31, 2024 10-Q 2025-05-15

Worksport Ltd Annual Depreciation (USD)

Period Value YoY Chg Change % Start Date End Date Report Filed
2024 $1.37M +$260K +23.5% Jan 1, 2024 Dec 31, 2024 10-K 2025-03-27
2023 $1.11M +$623K +129% Jan 1, 2023 Dec 31, 2023 10-K 2025-03-27
2022 $484K +$420K +651% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-28
2021 $64.5K +$61.3K +1926% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-31
2020 $3.18K +$986 +44.9% Jan 1, 2020 Dec 31, 2020 10-K 2022-03-31
2019 $2.2K +$1.11K +101% Jan 1, 2019 Dec 31, 2019 10-K 2021-04-13
2018 $1.09K +$35.00 +3.31% Jan 1, 2018 Dec 31, 2018 10-K 2020-05-14
2017 $1.06K +$368 +53.3% Jan 1, 2017 Dec 31, 2017 10-K 2019-05-13
2016 $690 +$136 +24.5% Jan 1, 2016 Dec 31, 2016 10-K 2018-06-15
2015 $554 +$397 Jan 1, 2015 Dec 31, 2015 10-K 2017-09-18
2014 $157* Jan 1, 2014 Dec 31, 2014 10-K 2016-05-09
* An asterisk sign (*) next to the value indicates that the value is likely invalid.