10-Q Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001264931-12-000495`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	isoa-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 68 Cash Flow Statement 56

Balance Sheet 51 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`	$7.86K	USD	Point-in-time
Common stock, shares issued	`CommonStockAdditionalSeriesSharesIssued`	30.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockAdditionalSeriesSharesIssued`	30.60M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.05K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockAdditionalSeriesSharesOutstanding`	28.67M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockAdditionalSeriesSharesOutstanding`	28.67M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$141.43K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$184.23K	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$22.50K	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$5.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$16.44K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$15.22K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$211.70K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$224.16K	USD	Point-in-time
Property and Equipment (net)	`PropertyPlantAndEquipmentNet`	$52.50K	USD	Point-in-time
Property and Equipment (net)	`PropertyPlantAndEquipmentNet`	$29.34K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$276.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$241.04K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$139.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.59K	USD	Point-in-time
Note payable	`NotesPayable`	$10.00K	USD	Point-in-time
Notes payable - factoring	`LoansReceivableCommercialTradeFinancing`	$91.36K	USD	Point-in-time
Notes payable - factoring	`LoansReceivableCommercialTradeFinancing`	$115.13K	USD	Point-in-time
Note payable - line of credit	`LineOfCredit`	$35.15K	USD	Point-in-time
Note payable - line of credit	`LineOfCredit`	$38.98K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$4.17K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$6.05K	USD	Point-in-time
Note payable - shareholders	`OtherNotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$145.26K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$25.00K	USD	Point-in-time
Notes payable - convertible, net	`ConvertibleNotesPayableCurrent`	$244.06K	USD	Point-in-time
Notes payable - convertible, net	`ConvertibleNotesPayableCurrent`	$274.43K	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$896.00	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$36.77K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$594.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$816.08K	USD	Point-in-time
Common stock-$.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`	$28.67K	USD	Point-in-time
Common stock-$.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
Additional paid in capital	`AdditionalPaidInCapital`	$12.50K	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
Additional paid in capital	`AdditionalPaidInCapital`	$62.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.92M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-575.04K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-317.72K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$276.66K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$241.04K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$74.62K	USD	1 Quarter
Revenue	`Revenues`	$158.11K	USD	1 Quarter
Revenue	`Revenues`	$201.88K	USD	2 Qtrs
Revenue	`Revenues`	$233.70K	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	$32.94K	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	$26.91K	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	$14.07K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$9.88K	USD	1 Quarter
Gross Profit	`GrossProfit`	$144.04K	USD	1 Quarter
Gross Profit	`GrossProfit`	$200.76K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$174.96K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$64.74K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$159.28K	USD	2 Qtrs
Administrative and general	`GeneralAndAdministrativeExpense`	$169.27K	USD	2 Qtrs
Administrative and general	`GeneralAndAdministrativeExpense`	$83.04K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$85.06K	USD	1 Quarter
Salaries and employee benefits	`SalariesAndWages`	$144.21K	USD	1 Quarter
Salaries and employee benefits	`SalariesAndWages`	$228.59K	USD	2 Qtrs
Salaries and employee benefits	`SalariesAndWages`	$112.11K	USD	1 Quarter
Salaries and employee benefits	`SalariesAndWages`	$286.36K	USD	2 Qtrs
Professional	`ProfessionalFees`	$240.39K	USD	2 Qtrs
Professional	`ProfessionalFees`	$79.96K	USD	1 Quarter
Professional	`ProfessionalFees`	$107.76K	USD	1 Quarter
Professional	`ProfessionalFees`	$175.47K	USD	2 Qtrs
Total Operating Expenses	`OperatingCostsAndExpenses`	$302.90K	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`	$563.34K	USD	2 Qtrs
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-244.50K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-158.86K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-362.57K	USD	2 Qtrs
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-521.06K	USD	2 Qtrs
Other income (expense)	`OtherExpenses`	$-237.00	USD	1 Quarter
Other income (expense)	`OtherExpenses`	-	USD	2 Qtrs
Other income (expense)	`OtherExpenses`	$-237.00	USD	2 Qtrs
Other income (expense)	`OtherExpenses`	-	USD	1 Quarter
Loss on retirement of asset	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition`	$-257.00	USD	2 Qtrs
Loss on retirement of asset	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition`	$-257.00	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-46.40K	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$-25.76K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-3.83K	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$-2.24K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$4.07K	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$46.66K	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$2.48K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$26.01K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-184.88K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-525.13K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-246.97K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-409.23K	USD	2 Qtrs
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	2 Qtrs
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	2 Qtrs
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	2 Qtrs
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-409.23K	USD	2 Qtrs
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-246.97K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-184.88K	USD	1 Quarter
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`	$-0.01	USD	2 Qtrs
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	26.13M	shares	2 Qtrs
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	26.71M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	29.94M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	30.60M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-184.88K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-525.13K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-246.97K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-409.23K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.90K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.37K	USD	2 Qtrs
Common stock for services	`StockGrantedDuringPeriodSharesSharebasedCompensation`	-	shares	2 Qtrs
Common stock for services	`StockGrantedDuringPeriodSharesSharebasedCompensation`	10,000.00	shares	2 Qtrs
Amortization of prepaid consulting	`AdjustmentForAmortization`	$17.50K	USD	2 Qtrs
Amortization of prepaid consulting	`AdjustmentForAmortization`	$116.69K	USD	2 Qtrs
Beneficial conversion feature, net of conversion	`DebtInstrumentConvertibleBeneficialConversionFeature`	$32.01K	USD	2 Qtrs
Original issue discount, net of conversion	`AmortizationOfFinancingCostsAndDiscounts`	$7.48K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$42.50K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$42.80K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.84K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.22K	USD	2 Qtrs
Other assets	`AdditionsToOtherAssetsAmount`	$-1.69K	USD	2 Qtrs
Other assets	`AdditionsToOtherAssetsAmount`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$53.98K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$58.87K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.40K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$35.87K	USD	2 Qtrs
Deferred revenue	`DeferredRevenueAdditions`	$-2.50K	USD	2 Qtrs
Deferred revenue	`DeferredRevenueAdditions`	-	USD	2 Qtrs
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-187.89K	USD	2 Qtrs
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-318.13K	USD	2 Qtrs
Investment in software development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Investment in software development	`ResearchAndDevelopmentExpense`	$-19.35K	USD	2 Qtrs
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-10.23K	USD	2 Qtrs
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	-	USD	2 Qtrs
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-257.00	USD	2 Qtrs
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.58K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.22K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$3.48K	USD	2 Qtrs
Payments made on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$-1.39K	USD	2 Qtrs
Proceeds from accounts receivable financing	`SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale`	$218.84K	USD	2 Qtrs
Payments on accounts receivable financing	`RepaymentsOfAccountsReceivableSecuritization`	$-242.60K	USD	2 Qtrs
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$158.76K	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$-38.50K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$75.00K	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$10.00K	USD	2 Qtrs
Proceeds from note payable - shareholder	`RepaymentsOfNotesPayable`	$25.00K	USD	2 Qtrs
Proceeds from note payable - shareholder	`RepaymentsOfNotesPayable`	$50.00K	USD	2 Qtrs
Net proceeds from insurance financing	`DemutualizationByInsuranceEntitySecuritiesIssuedAmountOfNetProceeds`	$1.77K	USD	2 Qtrs
Net proceeds from insurance financing	`DemutualizationByInsuranceEntitySecuritiesIssuedAmountOfNetProceeds`	$1.88K	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`	$237.21K	USD	2 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-62.46K	USD	2 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$49.06K	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of period	`OtherCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash and Cash Equivalents at Beginning of period	`OtherCashEquivalentsAtCarryingValue`	$70.33K	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`	$50.05K	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.