Changes in Cash Flows from Operating Assets and Liabilities

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Changes in Cash Flows from Operating Assets and Liabilities

14. Changes in Cash Flows from Operating Assets and Liabilities

The changes to the Company’s operating assets and liabilities for the years ended December 31, 2021 and 2020 are as follows:

		2021				2020
Decrease (increase) in accounts receivable		$	(2,228	)		$	(119,813	)
Decrease (increase) in other receivable			(16,883	)			(121,396	)
Decrease (increase) in inventory			(460,969	)			72,353
Decrease (increase) in prepaid expenses and deposits			(382,067	)			43,201
Increase (decrease) in lease liability			(2,111	)			3,475
Increase (decrease) in taxes payable			63,973				11,372
Increase (decrease) in accounts payable and accrued liabilities			187,510				(59,284	)
	$	(612,775	)		$	(170,092	)

Worksport Ltd.

Notes to the Consolidated Financial Statements

December 31, 2021 and 2020