10-K Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0000943440-13-000357`
Period End Date	20121231
Filing Date	20130401
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	iosa-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 38 Cash Flow Statement 79 Stockholders Equity 18

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
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`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.67M	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
Accounts receivable	`AccountsReceivableNetCurrent`	$35.71K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$184.23K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.67M	shares	Point-in-time
Prepaid consulting	`OtherPrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid consulting	`OtherPrepaidExpenseCurrent`	$22.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.75K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.44K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$219.47K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$41.15K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.48K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.31K	USD	Point-in-time
Software, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Software, net	`FiniteLivedIntangibleAssetsNet`	$27.02K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.69K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.69K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$64.14K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$276.66K	USD	Point-in-time
Checks written in excess of cash balance	`BankOverdrafts`	$3.88K	USD	Point-in-time
Checks written in excess of cash balance	`BankOverdrafts`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$175.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$134.08K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$6.16K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$5.53K	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$25.00K	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$229.03K	USD	Point-in-time
Notes payable - shareholders	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Notes payable - shareholders	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable (Convertible), net - related parties	`ConvertibleRelatedPartyNotesPayable`	-	USD	Point-in-time
Notes payable (Convertible), net - related parties	`ConvertibleRelatedPartyNotesPayable`	$24.95K	USD	Point-in-time
Notes payable (Convertible), net - shareholders	`ConvertibleNotesPayableCurrent`	$69.54K	USD	Point-in-time
Notes payable (Convertible), net - shareholders	`ConvertibleNotesPayableCurrent`	$126.95K	USD	Point-in-time
Loan payable to factor	`NotePayableFactoring`	$24.59K	USD	Point-in-time
Loan payable to factor	`NotePayableFactoring`	$115.13K	USD	Point-in-time
Loans payable - insurance	`LoansPayableCurrent`	$4.61K	USD	Point-in-time
Loans payable - insurance	`LoansPayableCurrent`	$4.17K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$37.03K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$35.15K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$38.45K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$896.00	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.51K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$675.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$446.90K	USD	Point-in-time
Notes payable (OID) - net, shareholders	`LongTermNotesPayable`	-	USD	Point-in-time
Notes payable (OID) - net, shareholders	`LongTermNotesPayable`	$143.87K	USD	Point-in-time
Total Liabilities	`Liabilities`	$446.90K	USD	Point-in-time
Total Liabilities	`Liabilities`	$818.87K	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized, 30,599,417 and 28,666,084 issued and outstanding at December 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$30.60K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized, 30,599,417 and 28,666,084 issued and outstanding at December 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$28.67K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.64M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.70M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$186.20K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-170.25K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-754.73K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$64.14K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$276.66K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Software and hardware sales	`SalesRevenueGoodsGross`	$141.14K	USD	Annual
Software and hardware sales	`SalesRevenueGoodsGross`	$112.53K	USD	Annual
Services	`SalesRevenueServicesNet`	$504.65K	USD	Annual
Services	`SalesRevenueServicesNet`	$525.01K	USD	Annual
Total Revenue	`Revenues`	$617.19K	USD	Annual
Total Revenue	`Revenues`	$666.15K	USD	Annual
Software and hardware	`CostOfGoodsSoftwareAndHardwareSold`	$60.42K	USD	Annual
Software and hardware	`CostOfGoodsSoftwareAndHardwareSold`	$14.53K	USD	Annual
Services	`CostOfGoodsAndServicesSold`	$422.34K	USD	Annual
Services	`CostOfGoodsAndServicesSold`	$328.72K	USD	Annual
Total Cost of Revenue	`CostOfGoodsSold`	$436.87K	USD	Annual
Total Cost of Revenue	`CostOfGoodsSold`	$389.14K	USD	Annual
Gross Profit	`GrossProfit`	$229.28K	USD	Annual
Gross Profit	`GrossProfit`	$228.04K	USD	Annual
Administrative and general	`GeneralAndAdministrativeExpense`	$188.52K	USD	Annual
Administrative and general	`GeneralAndAdministrativeExpense`	$257.00K	USD	Annual
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$906.74K	USD	Annual
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$552.89K	USD	Annual
Professional fees	`ProfessionalFees`	$139.78K	USD	Annual
Professional fees	`ProfessionalFees`	$63.36K	USD	Annual
Total Operating Expenses	`OperatingCostsAndExpenses`	$804.77K	USD	Annual
Total Operating Expenses	`OperatingCostsAndExpenses`	$1.30M	USD	Annual
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTax`	$-576.73K	USD	Annual
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTax`	$-1.07M	USD	Annual
Factoring fees	`OtherNonoperatingIncomeExpense`	$-14.42K	USD	Annual
Factoring fees	`OtherNonoperatingIncomeExpense`	$-4.32K	USD	Annual
Interest expense	`InterestExpense`	$273.85K	USD	Annual
Interest expense	`InterestExpense`	$142.50K	USD	Annual
Loss on property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-396.00	USD	Annual
Loss on property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-288.27K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-147.21K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-1.22M	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-865.00K	USD	Annual
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.31M	shares	Annual
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.27M	shares	Annual

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-1.22M	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-865.00K	USD	Annual
Depreciation	`Depreciation`	$7.18K	USD	Annual
Depreciation	`Depreciation`	$9.45K	USD	Annual
Amortization of software	`AmortizationOfIntangibleAssets`	$27.02K	USD	Annual
Amortization of software	`AmortizationOfIntangibleAssets`	$9.01K	USD	Annual
Amortization of prepaids	`AmortizationOfPrepaids`	$-8.81K	USD	Annual
Amortization of prepaids	`AmortizationOfPrepaids`	$16.54K	USD	Annual
Amortization of prepaid consulting	`AmortizationOfPrepaidConsulting`	$86.69K	USD	Annual
Amortization of prepaid consulting	`AmortizationOfPrepaidConsulting`	$22.50K	USD	Annual
Amortization of original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$11.54K	USD	Annual
Amortization of original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$24.95K	USD	Annual
Options issued for services	`IssuanceOfStockOptionsForServices`	-	USD	Annual
Options issued for services	`IssuanceOfStockOptionsForServices`	$4.00K	USD	Annual
Stock issued for Director's services	`StockIssuedForDirectorServices`	-	USD	Annual
Stock issued for Director's services	`StockIssuedForDirectorServices`	$10.00K	USD	Annual
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$-385.00K	USD	Annual
Amortization of beneficial conversion value and warrant discounts	`DebtIssuanceCosts`	$217.97K	USD	Annual
Amortization of beneficial conversion value and warrant discounts	`DebtIssuanceCosts`	$115.41K	USD	Annual
Loss on sales of assets	`GainLossOnDispositionOfProperty`	$-396.00	USD	Annual
Loss on sales of assets	`GainLossOnDispositionOfProperty`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$91.34K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$-148.52K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$41.19K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$71.04K	USD	Annual
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$628.00	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$125.69K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.51K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.19K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$38.45K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-10.61K	USD	Annual
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-637.77K	USD	Annual
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-169.75K	USD	Annual
Software development costs	`PaymentsForSoftware`	-	USD	Annual
Software development costs	`PaymentsForSoftware`	$36.02K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.65K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.67K	USD	Annual
Proceeds from line of credit facility	`ProceedsFromLinesOfCredit`	$164.19K	USD	Annual
Proceeds from line of credit facility	`ProceedsFromLinesOfCredit`	$18.70K	USD	Annual
Repayments of line of credit facility	`RepaymentsOfLinesOfCredit`	$162.31K	USD	Annual
Repayments of line of credit facility	`RepaymentsOfLinesOfCredit`	$19.70K	USD	Annual
Insurance premium repayments	`RepaymentsOfInsurancePremiums`	$-970.00	USD	Annual
Insurance premium repayments	`RepaymentsOfInsurancePremiums`	$9.79K	USD	Annual
Proceeds provided by checks written in excess of cash balances	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	Annual
Proceeds provided by checks written in excess of cash balances	`ProceedsFromRepaymentsOfBankOverdrafts`	$3.88K	USD	Annual
Proceeds from factor, net of repayments	`NetProceedsFromNotesPayableFactoring`	$115.13K	USD	Annual
Proceeds from factor, net of repayments	`NetProceedsFromNotesPayableFactoring`	$-90.54K	USD	Annual
Proceeds from shareholder	`ProceedsFromNotesPayableShareholders`	$135.00K	USD	Annual
Proceeds from shareholder	`ProceedsFromNotesPayableShareholders`	-	USD	Annual
Repayment to shareholder	`PaymentsOnNotesPayableShareholders`	$10.00K	USD	Annual
Proceeds from convertible notes, third parties	`ProceedsFromNotesPayableConvertibleNetRelatedParty`	$250.00K	USD	Annual
Proceed from notes related parties	`ProceedsFromRelatedPartyDebt`	$25.00K	USD	Annual
Proceed from notes related parties	`ProceedsFromRelatedPartyDebt`	$284.09K	USD	Annual
Repayment to related parties	`RepaymentsOfRelatedPartyDebt`	$145.76K	USD	Annual
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$230.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$620.10K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$168.76K	USD	Annual
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-988.00	USD	Annual
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-69.34K	USD	Annual
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$70.33K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashAndCashEquivalentsAtCarryingValue`	$70.33K	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$7.11K	USD	Annual
Cash paid for interest	`InterestPaid`	$25.50K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Non-cash expense on consulting services for contributed capital	`NoncashConsultingServices`	$146.68K	USD	Annual
Premium financing	`NoncashPremiumFinancing`	$10.23K	USD	Annual
Conversion of officer's accrued payroll to loans	`NoncashConversionOfAccruedExpenses`	$125.69K	USD	Annual
Conversion of note payable to common stock	`NoncashConversionOfNotesPayableToStock`	$137.50K	USD	Annual
Original issue discount related to notes payable	`NoncashNotesPayableOriginalIssueDiscount`	$41.00K	USD	Annual
Original issue discount related to notes payable	`NoncashNotesPayableOriginalIssueDiscount`	$11.54K	USD	Annual
Beneficial conversion feature and warrants related to notes payable	`NoncashTransactionNotesPayableBeneficialConversionFeatureDiscount`	$115.41K	USD	Annual
Beneficial conversion feature and warrants related to notes payable	`NoncashTransactionNotesPayableBeneficialConversionFeatureDiscount`	$129.01K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$186.20K	USD	Point-in-time
Balance	`StockholdersEquity`	$-170.25K	USD	Point-in-time
Balance	`StockholdersEquity`	$-754.73K	USD	Point-in-time
Issuance of stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$385.00K	USD	Annual
Issuance of stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$10.00K	USD	Annual
Options issued for services	`StockOptionsIssuedDuringPeriodSharesIssuedForServices`	$4.00K	USD	Annual
Proceeds from issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$230.00K	USD	Annual
Beneficial Conversion Feature - Conv NP	`BeneficialConversionFeatureConvertibleNotesPayable`	$54.72K	USD	Annual
Beneficial Conversion Feature - Conv NP	`BeneficialConversionFeatureConvertibleNotesPayable`	$125.00K	USD	Annual
Detachable Warrants issued with Conv NP	`DetachableWarrantsIssuedWithConvertibleNotesPayableDuringPeriod`	$125.00K	USD	Annual
Detachable Warrants issued with Conv NP	`DetachableWarrantsIssuedWithConvertibleNotesPayableDuringPeriod`	$74.29K	USD	Annual
Conversion of note payable	`ConversionOfConvertibleSecuritiesDuringPeriod`	$137.50K	USD	Annual
Conversion of note payable, shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	1.83M	shares	Annual
Net Loss	`NetIncomeLoss`	$-1.22M	USD	Annual
Net Loss	`NetIncomeLoss`	$-865.00K	USD	Annual
Balance	`StockholdersEquity`	$186.20K	USD	Point-in-time
Balance	`StockholdersEquity`	$-170.25K	USD	Point-in-time
Balance	`StockholdersEquity`	$-754.73K	USD	Point-in-time

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