10-Q Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001264931-12-000393`
Period End Date	20120331
Filing Date	20120604
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	infor-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 34 Cash Flow Statement 51

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares authorized	`CommonStockAdditionalSeriesSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockAdditionalSeriesSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.28K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.65K	USD	Point-in-time
Common stock, shares issued	`CommonStockAdditionalSeriesSharesIssued`	30.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockAdditionalSeriesSharesIssued`	28.67M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockAdditionalSeriesSharesOutstanding`	30.60M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$184.23K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockAdditionalSeriesSharesOutstanding`	28.67M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$61.35K	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$22.50K	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$15.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$16.44K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$18.10K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$100.10K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$224.16K	USD	Point-in-time
Property and Equipment (net)	`PostconfirmationPropertyAndEquipmentNet`	$52.50K	USD	Point-in-time
Property and Equipment (net)	`PostconfirmationPropertyAndEquipmentNet`	$40.79K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$140.89K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$276.66K	USD	Point-in-time
Accounts payable	`AccountsPayable`	$139.61K	USD	Point-in-time
Accounts payable	`AccountsPayable`	$168.85K	USD	Point-in-time
Notes payable - factoring	`LoansReceivableCommercialTradeFinancing`	$115.13K	USD	Point-in-time
Notes payable - factoring	`LoansReceivableCommercialTradeFinancing`	$78.63K	USD	Point-in-time
Note payable - line of credit	`LongTermLineOfCredit`	$35.15K	USD	Point-in-time
Note payable - line of credit	`LongTermLineOfCredit`	$36.62K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$9.37K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$4.17K	USD	Point-in-time
Notes payable - convertible, net	`ConvertibleNotesPayableCurrent`	$25.00K	USD	Point-in-time
Notes payable - convertible, net	`ConvertibleNotesPayableCurrent`	$25.00K	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$274.43K	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$211.32K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$896.00	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.27K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$594.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$531.05K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized,30,599,417 and 28,666,084 issued and outstanding at March 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 March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$28.67K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.16M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.74M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-317.72K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-390.16K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$140.89K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$276.66K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$127.25K	USD	1 Quarter
Revenue	`Revenues`	$75.59K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$18.87K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$17.03K	USD	1 Quarter
Gross Profit	`GrossProfit`	$110.22K	USD	1 Quarter
Gross Profit	`GrossProfit`	$56.72K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$76.23K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$84.21K	USD	1 Quarter
Salaries and employee benefits	`SalariesAndWages`	$142.15K	USD	1 Quarter
Salaries and employee benefits	`SalariesAndWages`	$116.49K	USD	1 Quarter
Professional	`ProfessionalFees`	$67.71K	USD	1 Quarter
Professional	`ProfessionalFees`	$160.43K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$386.79K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$260.43K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-276.56K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-203.71K	USD	1 Quarter
Miscellaneous income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Miscellaneous income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-20.64K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-1.59K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-20.64K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-1.59K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-278.16K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-224.36K	USD	1 Quarter
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-224.36K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-278.16K	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	29.29M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	25.59M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-278.16K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-224.36K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.71K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.12K	USD	1 Quarter
Common stock for services	`StockGrantedDuringPeriodValueSharebasedCompensation`	$10.00K	USD	1 Quarter
Common stock for services	`StockGrantedDuringPeriodValueSharebasedCompensation`	$25.00K	USD	1 Quarter
Amortization of prepaid consulting	`AdjustmentForAmortization`	$81.69K	USD	1 Quarter
Amortization of prepaid consulting	`AdjustmentForAmortization`	$17.50K	USD	1 Quarter
Beneficial conversion feature, net of conversion	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter
Beneficial conversion feature, net of conversion	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.70K	USD	1 Quarter
Original issue discount, net of conversion	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Original issue discount, net of conversion	`AmortizationOfFinancingCostsAndDiscounts`	$3.65K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$120.52K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$18.89K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.67K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.83K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$29.24K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-28.76K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$374.00	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.40K	USD	1 Quarter
Deferred revenue	`DeferredRevenueAdditions`	-	USD	1 Quarter
Deferred revenue	`DeferredRevenueAdditions`	$-1.25K	USD	1 Quarter
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-176.03K	USD	1 Quarter
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-28.01K	USD	1 Quarter
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-3.96K	USD	1 Quarter
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	-	USD	1 Quarter
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.96K	USD	1 Quarter
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.16K	USD	1 Quarter
Payments made on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$-685.00	USD	1 Quarter
Payments made on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$-11.41K	USD	1 Quarter
Proceeds from accounts receivable financing	`SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale`	-	USD	1 Quarter
Proceeds from accounts receivable financing	`SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale`	$99.06K	USD	1 Quarter
Payments on accounts receivable financing	`RepaymentsOfOtherShortTermDebt`	-	USD	1 Quarter
Payments on accounts receivable financing	`RepaymentsOfOtherShortTermDebt`	$-135.56K	USD	1 Quarter
Net proceeds from insurance financing	`DemutualizationByInsuranceEntitySecuritiesIssuedAmountOfNetProceeds`	$5.20K	USD	1 Quarter
Net proceeds from insurance financing	`DemutualizationByInsuranceEntitySecuritiesIssuedAmountOfNetProceeds`	$-4.64K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$62.50K	USD	1 Quarter
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$155.00K	USD	1 Quarter
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$32.67K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$138.94K	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.05K	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.66K	USD	1 Quarter
Cash and Cash Equivalents at Beginning of period	`OtherCashEquivalentsAtCarryingValue`	$70.33K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of period	`OtherCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.28K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.65K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time

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