Research and Development Expense in USD of Worksport Ltd from 2013 to Q3 2025
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Taxonomy & unit
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us-gaap: USD
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Description
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The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
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Summary
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Worksport Ltd quarterly/annual Research and Development Expense history and change rate from 2013 to Q3 2025.
- Worksport Ltd Research and Development Expense for the quarter ending 30 Sep 2025 was $301K, a 24.1% decline year-over-year.
- Worksport Ltd Research and Development Expense for the twelve months ending 30 Sep 2025 was $1.44M.
- Worksport Ltd annual Research and Development Expense for 2024 was $2.29M, a 37.2% increase from 2023.
- Worksport Ltd annual Research and Development Expense for 2023 was $1.67M.
- Worksport Ltd annual Research and Development Expense for 2015 was $47.3K, a 860% increase from 2014.
Research and Development Expense, Trailing 12 Months (USD)
Research and Development Expense, Quarterly (USD)
Research and Development Expense, YoY Quarterly Change (%)
Research and Development Expense, Annual (USD)
Research and Development Expense, YoY Annual Change (%)