10-K/A Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 FY 2011

Filing Information

Form Type	10-K/A
Accession Number	`0000943440-13-000356`
Period End Date	20111231
Filing Date	20130401
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	iosa-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 42 Cash Flow Statement 69 Stockholders Equity 15

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	28.67M	shares	Point-in-time
Common stock issued	`CommonStockSharesIssued`	22.27M	shares	Point-in-time
Common stock outstanding	`CommonStockValueOutstanding`	$22.27M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$92.89K	USD	Point-in-time
Common stock outstanding	`CommonStockValueOutstanding`	$28.67M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$184.23K	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$22.50K	USD	Point-in-time
Common stock par value	`CommonStockNoParValue`	$0.01	USD	Point-in-time
Common stock par value	`CommonStockNoParValue`	$0.01	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$109.19K	USD	Point-in-time
Notes payable - convertible, discount	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$7.62K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$16.44K	USD	Point-in-time
Notes payable - convertible, discount	`DebtInstrumentUnamortizedDiscount`	$148.05K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$224.16K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$280.03K	USD	Point-in-time
Property and Equipment (net)	`PropertyPlantAndEquipmentNet`	$52.50K	USD	Point-in-time
Property and Equipment (net)	`PropertyPlantAndEquipmentNet`	$19.68K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$299.71K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$276.66K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.57K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$139.61K	USD	Point-in-time
Notes payable - factoring	`LoansPayableCurrent`	-	USD	Point-in-time
Notes payable - factoring	`LoansPayableCurrent`	$115.13K	USD	Point-in-time
Note payable - line of credit	`LongTermLineOfCredit`	$35.15K	USD	Point-in-time
Note payable - line of credit	`LongTermLineOfCredit`	$36.14K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$3.20K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$4.17K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$25.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Notes payable - convertible, net of discount $148,049 and $0, at December 31,2011 and 2010, respectively	`ConvertibleNotesPayable`	$126.95K	USD	Point-in-time
Notes payable - convertible, net of discount $148,049 and $0, at December 31,2011 and 2010, respectively	`ConvertibleNotesPayable`	-	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesNoncurrent`	$2.40K	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesNoncurrent`	$896.00	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$3.19K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$446.90K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$113.51K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized 28,666,084 and 22,266,084 issued and outstanding for 2011 and 2010, respectively	`CommonStockValue`	$28.67K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized 28,666,084 and 22,266,084 issued and outstanding for 2011 and 2010, respectively	`CommonStockValue`	$22.27K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.64M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.84M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$186.20K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$375.58K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-170.25K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$299.71K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$276.66K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.07M	USD	Annual
Revenue	`Revenues`	$666.15K	USD	Annual
Cost of Sales	`CostOfGoodsSold`	$62.60K	USD	Annual
Cost of Sales	`CostOfGoodsSold`	$31.40K	USD	Annual
Gross Profit	`GrossProfit`	$603.55K	USD	Annual
Gross Profit	`GrossProfit`	$1.04M	USD	Annual
Administrative and general	`GeneralAndAdministrativeExpense`	$543.04K	USD	Annual
Administrative and general	`GeneralAndAdministrativeExpense`	$395.92K	USD	Annual
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$844.52K	USD	Annual
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$282.41K	USD	Annual
Professional	`ProfessionalFees`	$441.67K	USD	Annual
Professional	`ProfessionalFees`	$965.09K	USD	Annual
Total Operating Expenses	`OperatingCostsAndExpenses`	$1.79M	USD	Annual
Total Operating Expenses	`OperatingCostsAndExpenses`	$1.68M	USD	Annual
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTax`	$-1.08M	USD	Annual
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTax`	$-751.24K	USD	Annual
Miscellaneous income	`OtherIncome`	$30.00	USD	Annual
Miscellaneous income	`OtherIncome`	-	USD	Annual
Interest expense	`InterestAndDebtExpense`	$142.50K	USD	Annual
Interest expense	`InterestAndDebtExpense`	$10.22K	USD	Annual
Loss on sale of investments	`LossOnSaleOfInvestments`	-	USD	Annual
Loss on sale of investments	`LossOnSaleOfInvestments`	$47.35K	USD	Annual
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-396.00	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-57.53K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-142.89K	USD	Annual
(Loss) From Operations Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-808.77K	USD	Annual
(Loss) From Operations Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.22M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-1.22M	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-808.77K	USD	Annual
Unrealized gain/(loss) on securities arising during the year	`GainLossOnInvestments`	-	USD	Annual
Unrealized gain/(loss) on securities arising during the year	`GainLossOnInvestments`	$-13.40K	USD	Annual
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$13.40K	USD	Annual
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	Annual
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-1.22M	USD	Annual
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-795.37K	USD	Annual
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	20.54M	shares	Annual
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	27.31M	shares	Annual

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-1.22M	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-808.77K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$18.46K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$156.31K	USD	Annual
Loss on sales of assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Loss on sales of assets	`GainLossOnDispositionOfAssets`	$-396.00	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.62K	USD	Annual
Common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$527.31K	USD	Annual
Common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$385.00K	USD	Annual
Amortization of prepaid consulting	`AmortizationOfPrepaidConsulting`	-	USD	Annual
Amortization of prepaid consulting	`AmortizationOfPrepaidConsulting`	$86.69K	USD	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$-57.70K	USD	Annual
Discount for warrants issued with note payable	`AmortizationOfDetachedWarrantsDiscount`	-	USD	Annual
Discount for warrants issued with note payable	`AmortizationOfDetachedWarrantsDiscount`	$57.70K	USD	Annual
Original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	Annual
Original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$11.54K	USD	Annual
Loss on sale of security	`GainLossOnSaleOfSecuritiesNet`	-	USD	Annual
Loss on sale of security	`GainLossOnSaleOfSecuritiesNet`	$-47.35K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$60.71K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$91.34K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.81K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-67.00	USD	Annual
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$1.66K	USD	Annual
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$71.04K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.51K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.18K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.31K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.19K	USD	Annual
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-135.03K	USD	Annual
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-637.77K	USD	Annual
Investment in software development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Investment in software development	`ResearchAndDevelopmentExpense`	$-36.02K	USD	Annual
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-15.65K	USD	Annual
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-1.71K	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Proceeds from sale of investment	`ProceedsFromSaleOfOtherInvestments`	$10.00K	USD	Annual
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$8.29K	USD	Annual
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.67K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$19.00K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$18.70K	USD	Annual
Payments made on line of credit	`RepaymentsOfLinesOfCredit`	$2.91K	USD	Annual
Payments made on line of credit	`RepaymentsOfLinesOfCredit`	$19.70K	USD	Annual
Borrowings from note payable	`IncreaseDecreaseInNotesPayableRelatedParties`	-	USD	Annual
Borrowings from note payable	`IncreaseDecreaseInNotesPayableRelatedParties`	$7.56K	USD	Annual
Payments made on note payable	`RepaymentsOfNotesPayable`	$7.63K	USD	Annual
Payments made on note payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Net proceeds from insurance financing	`NetProceedsFromInsuranceFinancings`	-	USD	Annual
Net proceeds from insurance financing	`NetProceedsFromInsuranceFinancings`	$970.00	USD	Annual
Proceeds from accounts receivable financing	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Proceeds from accounts receivable financing	`ProceedsFromPaymentsForOtherFinancingActivities`	$115.13K	USD	Annual
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$25.00K	USD	Annual
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$250.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$160.00K	USD	Annual
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$230.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$176.01K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$620.10K	USD	Annual
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-69.34K	USD	Annual
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$49.28K	USD	Annual
Cash and Cash Equivalents at Beginning of period	`CashEquivalentsAtCarryingValue`	$21.05K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of period	`CashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash and Cash Equivalents at Beginning of period	`CashEquivalentsAtCarryingValue`	$70.33K	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashEquivalentsAtCarryingValue`	$21.05K	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashEquivalentsAtCarryingValue`	$70.33K	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Value	`StockholdersEquity`	$186.20K	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$375.58K	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-170.25K	USD	Point-in-time
Issuance of Common Stock for Services Value	`StockIssuedDuringPeriodValueNewIssues`	$446.00K	USD	Annual
Issuance of Common Stock for Services Value	`StockIssuedDuringPeriodValueNewIssues`	$385.00K	USD	Annual
Proceeds from issuance of stock value	`StockIssuedDuringPeriodValueOther`	$160.00K	USD	Annual
Proceeds from issuance of stock value	`StockIssuedDuringPeriodValueOther`	$230.00K	USD	Annual
Beneficial conversion feature - Conv NP	`BeneficialConversionFeatureConvertibleNotesPayable`	$125.00K	USD	Annual
Detachable warrants issued with Conv NP	`DetachableWarrantsIssuedWithConvertibleNotesPayableDuringPeriod`	$125.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.22M	USD	Annual
Net Loss	`NetIncomeLoss`	$-808.77K	USD	Annual
Comprehensive Income: unrealized gain on investment	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$13.40K	USD	Annual
Ending Balance, Value	`StockholdersEquity`	$186.20K	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$375.58K	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-170.25K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.