10-Q/A Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q2 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001264931-11-000414`
Period End Date	20110630
Filing Date	20110818
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	iosa-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 71 Cash Flow Statement 56

Balance Sheet 52 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`	$1.40K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.86K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.05K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$92.89K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$50.39K	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	22.27M	shares	Point-in-time
Common stock issued	`CommonStockSharesIssued`	27.42M	shares	Point-in-time
Common stock outstanding	`CommonStockValueOutstanding`	$22.27M	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$109.19K	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$52.50K	USD	Point-in-time
Common stock outstanding	`CommonStockValueOutstanding`	$27.42M	USD	Point-in-time
Common stock par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$7.62K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$16.46K	USD	Point-in-time
Common stock par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$280.03K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$127.21K	USD	Point-in-time
Property and Equipment (net)	`PropertyPlantAndEquipmentNet`	$19.68K	USD	Point-in-time
Property and Equipment (net)	`PropertyPlantAndEquipmentNet`	$44.89K	USD	Point-in-time
Deposits	`DepositAssets`	$1.69K	USD	Point-in-time
Deposits	`DepositAssets`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$299.71K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$173.80K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.57K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$127.43K	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesNoncurrent`	-	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesNoncurrent`	$2.40K	USD	Point-in-time
Note payable - line of credit	`LongTermLineOfCredit`	$36.14K	USD	Point-in-time
Note payable - line of credit	`LongTermLineOfCredit`	$39.62K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$25.00K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$4.97K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$3.20K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$692.00	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$3.19K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$197.72K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$113.51K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized 27,416,084 and 22,266,084 issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$27.42K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized 27,416,084 and 22,266,084 issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$22.27K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.09M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.62M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossBeforeTax`	-	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossBeforeTax`	-	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$186.20K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-23.93K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$173.80K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$299.71K	USD	Point-in-time

Income Statement 71 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$201.88K	USD	2 Qtrs
Revenue	`Revenues`	$234.99K	USD	1 Quarter
Revenue	`Revenues`	$74.62K	USD	1 Quarter
Revenue	`Revenues`	$491.64K	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	$26.91K	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	$14.44K	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	$9.88K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$14.44K	USD	1 Quarter
Gross Profit	`GrossProfit`	$64.74K	USD	1 Quarter
Gross Profit	`GrossProfit`	$477.20K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$174.96K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$220.55K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$122.26K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$169.27K	USD	2 Qtrs
Administrative and general	`GeneralAndAdministrativeExpense`	$85.06K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$287.48K	USD	2 Qtrs
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$135.79K	USD	2 Qtrs
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$144.21K	USD	1 Quarter
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$286.36K	USD	2 Qtrs
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$67.74K	USD	1 Quarter
Professional	`ProfessionalFees`	$476.93K	USD	2 Qtrs
Professional	`ProfessionalFees`	$240.39K	USD	2 Qtrs
Professional	`ProfessionalFees`	$246.09K	USD	1 Quarter
Professional	`ProfessionalFees`	$79.96K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$436.09K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$309.23K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$696.02K	USD	2 Qtrs
Total Operating Expenses	`OperatingCostsAndExpenses`	$900.20K	USD	2 Qtrs
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-521.06K	USD	2 Qtrs
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-244.50K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-215.54K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-423.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-237.00	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-237.00	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$30.00	USD	2 Qtrs
Loss on sale sof security	`LossOnSaleOfInvestments`	$-16.15K	USD	1 Quarter
Loss on sale sof security	`LossOnSaleOfInvestments`	-	USD	2 Qtrs
Loss on sale sof security	`LossOnSaleOfInvestments`	-	USD	1 Quarter
Loss on sale sof security	`LossOnSaleOfInvestments`	$-16.15K	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$-4.46K	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$-2.24K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-2.27K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-3.83K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-20.59K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-18.43K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-2.48K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-4.07K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-525.13K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-246.97K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-233.97K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-443.59K	USD	2 Qtrs
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-4.67K	USD	1 Quarter
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-17.79K	USD	2 Qtrs
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	2 Qtrs
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	$-17.79K	USD	2 Qtrs
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	$-4.67K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-246.97K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-238.64K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-461.38K	USD	2 Qtrs
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-525.13K	USD	2 Qtrs
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.02	USD	2 Qtrs
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.02	USD	2 Qtrs
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	18.53M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	26.71M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	26.13M	shares	2 Qtrs
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	18.53M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-525.13K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-246.97K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-233.97K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-443.59K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.37K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$84.90K	USD	2 Qtrs
Common stock for services	`StockGrantedDuringPeriodSharesSharebasedCompensation`	202,854.00	shares	2 Qtrs
Common stock for services	`StockGrantedDuringPeriodSharesSharebasedCompensation`	-	shares	2 Qtrs
Amortization of prepaid consulting	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization of prepaid consulting	`AdjustmentForAmortization`	$116.69K	USD	2 Qtrs
Loss on sale of investment	`LossOnSaleOfInvestments`	$-16.15K	USD	1 Quarter
Loss on sale of investment	`LossOnSaleOfInvestments`	-	USD	2 Qtrs
Loss on sale of investment	`LossOnSaleOfInvestments`	-	USD	1 Quarter
Loss on sale of investment	`LossOnSaleOfInvestments`	$-16.15K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$42.50K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.99K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.39K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.84K	USD	2 Qtrs
Other assets	`AdditionsToOtherAssetsAmount`	$-1.69K	USD	2 Qtrs
Other assets	`AdditionsToOtherAssetsAmount`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$48.23K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$58.87K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$7.59K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.40K	USD	2 Qtrs
Deferred revenue	`DeferredRevenueAdditions`	$-2.50K	USD	2 Qtrs
Deferred revenue	`DeferredRevenueAdditions`	$-1.35K	USD	2 Qtrs
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-318.13K	USD	2 Qtrs
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-77.84K	USD	2 Qtrs
Proceeds from sale of investment	`ProceedsFromSaleOfOtherInvestments`	$10.00K	USD	2 Qtrs
Proceeds from sale of investment	`ProceedsFromSaleOfOtherInvestments`	-	USD	2 Qtrs
Investment in software development	`ResearchAndDevelopmentExpense`	$-19.35K	USD	2 Qtrs
Investment in software development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-666.00	USD	2 Qtrs
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-10.23K	USD	2 Qtrs
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.58K	USD	2 Qtrs
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$9.33K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$19.63K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$3.48K	USD	2 Qtrs
Borrowings from note payable - shareholder	`IncreaseDecreaseInNotesPayableRelatedParties`	$32.50K	USD	2 Qtrs
Borrowings from note payable - shareholder	`IncreaseDecreaseInNotesPayableRelatedParties`	$25.00K	USD	2 Qtrs
Net proceeds from insurance financings	`InsuranceCommissionsAndFees`	$1.77K	USD	2 Qtrs
Net proceeds from insurance financings	`InsuranceCommissionsAndFees`	$-3.28K	USD	2 Qtrs
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$255.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$285.25K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$48.85K	USD	2 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-62.46K	USD	2 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.65K	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.33K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.40K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.86K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.05K	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`	$1.40K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.86K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.05K	USD	Point-in-time

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