10-K Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001264931-12-000185`
Period End Date	20111231
Filing Date	20120330
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	isa-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 42 Cash Flow Statement 55 Stockholders Equity 13

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock issued	`CommonStockSharesIssued`	28.67M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.33K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$184.23K	USD	Point-in-time
Common stock outstanding	`CommonStockValueOutstanding`	$22.27M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$92.89K	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$109.19K	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`	$22.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$7.62K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$16.44K	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`	$19.68K	USD	Point-in-time
Property and Equipment (net)	`PropertyPlantAndEquipmentNet`	$52.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$276.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$299.71K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$139.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.57K	USD	Point-in-time
Notes payable - factoring	`LoansPayableCurrent`	$115.13K	USD	Point-in-time
Note payable - line of credit	`LongTermLineOfCredit`	$36.14K	USD	Point-in-time
Note payable - line of credit	`LongTermLineOfCredit`	$35.15K	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
Note payable - convertible	`ConvertibleNotesPayable`	$274.43K	USD	Point-in-time
Note payable - convertible	`ConvertibleNotesPayable`	-	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesNoncurrent`	$896.00	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesNoncurrent`	$2.40K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$3.19K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$594.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$113.51K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized 28,166,084 and 22,266,084 issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$22.27K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized 28,166,084 and 22,266,084 issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$28.67M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.16M	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`	$-3.51M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-317.72K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$375.58K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$186.20K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$276.66K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$299.71K	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`	$395.92K	USD	Annual
Administrative and general	`GeneralAndAdministrativeExpense`	$543.04K	USD	Annual
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$619.53K	USD	Annual
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$282.41K	USD	Annual
Professional	`ProfessionalFees`	$965.09K	USD	Annual
Professional	`ProfessionalFees`	$441.67K	USD	Annual
Total Operating Expenses	`OperatingCostsAndExpenses`	$1.79M	USD	Annual
Total Operating Expenses	`OperatingCostsAndExpenses`	$1.46M	USD	Annual
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-853.55K	USD	Annual
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-751.24K	USD	Annual
Interest income	`InterestIncomeOperating`	-	USD	Annual
Interest income	`InterestIncomeOperating`	-	USD	Annual
Miscellaneous income	`OtherIncome`	$30.00	USD	Annual
Miscellaneous income	`OtherIncome`	$21.00	USD	Annual
Interest expense	`InterestAndDebtExpense`	$-10.22K	USD	Annual
Interest expense	`InterestAndDebtExpense`	$-39.99K	USD	Annual
Loss on sale of investments	`LossOnSaleOfInvestments`	$-47.35K	USD	Annual
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-396.00	USD	Annual
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-57.53K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-40.37K	USD	Annual
(Loss) From Operations Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-893.92K	USD	Annual
(Loss) From Operations Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-808.77K	USD	Annual
Provision for Income Taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	Annual
Provision for Income Taxes	`IncreaseDecreaseInIncomeTaxes`	-	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-893.92K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-808.77K	USD	Annual
Unrealized gain/(loss) on securities:	`GainLossOnInvestments`	$13.40K	USD	Annual
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	$13.40K	USD	Annual
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-795.37K	USD	Annual
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-893.92K	USD	Annual
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.03	USD	Annual
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	27.31M	shares	Annual
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	20.54M	shares	Annual

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-893.92K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-808.77K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$165.42K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$156.31K	USD	Annual
Loss on sales of assets	`GainLossOnDispositionOfAssets`	$395.00	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.62K	USD	Annual
Common stock for services	`StockGrantedDuringPeriodSharesSharebasedCompensation`	527,313.00	shares	Annual
Common stock for services	`StockGrantedDuringPeriodSharesSharebasedCompensation`	100,000.00	shares	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$12.79K	USD	Annual
Original issue discount	`DebtConversionOriginalDebtAmount1`	$11.63K	USD	Annual
Loss on sale of security	`GainLossOnSaleOfSecuritiesNet`	-	USD	Annual
Loss on sale of security	`GainLossOnSaleOfSecuritiesNet`	$47.35K	USD	Annual
(Increase) decrease in:Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-60.71K	USD	Annual
(Increase) decrease in:Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-91.34K	USD	Annual
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-637.50K	USD	Annual
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-135.03K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.81K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.00	USD	Annual
Increase (decrease) in: Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$71.04K	USD	Annual
Increase (decrease) in: Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$1.66K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.51K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.18K	USD	Annual
Deferred revenue	`DeferredRevenueAdditions`	$1.31K	USD	Annual
Deferred revenue	`DeferredRevenueAdditions`	$-3.19K	USD	Annual
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-637.50K	USD	Annual
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-135.03K	USD	Annual
Investment in software development	`ResearchAndDevelopmentExpense`	$-36.02K	USD	Annual
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-1.71K	USD	Annual
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-19.32K	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$3.40K	USD	Annual
Proceeds from sale of investment	`ProceedsFromSaleOfOtherInvestments`	$10.00K	USD	Annual
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-51.94K	USD	Annual
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$8.29K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$18.70K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$19.00K	USD	Annual
Payments made on line of credit	`RepaymentsOfLinesOfCredit`	$-19.70K	USD	Annual
Payments made on line of credit	`RepaymentsOfLinesOfCredit`	$-2.91K	USD	Annual
Borrowings from note payable	`IncreaseDecreaseInNotesPayableRelatedParties`	$7.56K	USD	Annual
Payments made on note payable	`InsuranceCommissionsAndFees`	$-7.63K	USD	Annual
Net proceeds from insurance financing	`InsuranceCommissionsAndFees`	$-7.63K	USD	Annual
Proceeds from accounts receivable financing	`ProceedsFromPaymentsForOtherFinancingActivities`	$115.13K	USD	Annual
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$25.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$250.00K	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`	$49.28K	USD	Annual
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-69.34K	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 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Value	`StockholdersEquity`	$-317.72K	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$375.58K	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$186.20K	USD	Point-in-time
Issuance of Common Stock Value	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$446.00K	USD	Annual
Issuance of Common Stock Value	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$160.00K	USD	Annual
Proceeds from issuance of stock value	`StockIssuedDuringPeriodValueOther`	$230.00K	USD	Annual
Proceeds from issuance of stock value	`StockIssuedDuringPeriodValueOther`	$160.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-893.92K	USD	Annual
Net Loss	`NetIncomeLoss`	$-808.77K	USD	Annual
Comprehensive Income: unrealized gain on investment	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$13.40K	USD	Annual
Ending Balance, Value	`StockholdersEquity`	$-317.72K	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$375.58K	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$186.20K	USD	Point-in-time

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