10-Q Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001264931-12-000900`
Period End Date	20120930
Filing Date	20121213
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	isoa-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 70 Cash Flow Statement 69

Balance Sheet 56 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
Common stock, shares issued	`CommonStockSharesIssued`	30.60M	shares	Point-in-time
Cash	`Cash`	$10.15K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.67M	shares	Point-in-time
Cash	`Cash`	$988.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.67M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$184.23K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$172.33K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$2.50K	USD	Point-in-time
Prepaid consulting	`PrepaidExpenseCurrent`	$22.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$14.29K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$16.44K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$199.27K	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`	$18.84K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$276.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$218.12K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$139.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$197.06K	USD	Point-in-time
Note payable	`NotesPayable`	$110.75K	USD	Point-in-time
Note payable	`NotesPayable`	-	USD	Point-in-time
Notes payable - factoring	`LoansReceivableCommercialTradeFinancing`	$115.13K	USD	Point-in-time
Notes payable - factoring	`LoansReceivableCommercialTradeFinancing`	$23.77K	USD	Point-in-time
Note payable - line of credit	`LineOfCredit`	$4.62K	USD	Point-in-time
Note payable - line of credit	`LineOfCredit`	$35.15K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$4.17K	USD	Point-in-time
Note payable - insurance	`OtherNotesPayable`	$4.49K	USD	Point-in-time
Note payable - shareholders	`OtherNotesPayableCurrent`	-	USD	Point-in-time
Note payable - shareholders	`OtherNotesPayableCurrent`	$190.40K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$25.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$25.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrent`	$122.50K	USD	Point-in-time
Notes payable - shareholders (convertible, net)	`ConvertibleNotesPayableCurrent`	$274.43K	USD	Point-in-time
Notes payable - shareholders (convertible, net)	`ConvertibleNotesPayableCurrent`	$22.37K	USD	Point-in-time
Accrued interest	`InterestReceivableNoncurrent`	$7.88K	USD	Point-in-time
Accrued interest	`InterestReceivableNoncurrent`	$896.00	USD	Point-in-time
Accrued other liabilities	`OtherAccruedLiabilitiesCurrent`	$12.12K	USD	Point-in-time
Accrued other liabilities	`OtherAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$100.91K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$594.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$796.87K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized,30,599,417 and 28,666,084 issued and outstanding at September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$0.10	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized,30,599,417 and 28,666,084 issued and outstanding at September 30, 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 September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$30.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.72M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-578.75K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-317.72K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$218.12K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$276.66K	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$361.88K	USD	3 Qtrs
Revenue	`Revenues`	$160.00K	USD	1 Quarter
Revenue	`Revenues`	$493.32K	USD	3 Qtrs
Revenue	`Revenues`	$259.62K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$17.56K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$65.62K	USD	3 Qtrs
Cost of Sales	`CostOfGoodsSold`	$44.48K	USD	3 Qtrs
Cost of Sales	`CostOfGoodsSold`	$32.68K	USD	1 Quarter
Gross Profit	`GrossProfit`	$317.40K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$226.94K	USD	1 Quarter
Gross Profit	`GrossProfit`	$427.70K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$142.44K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$116.91K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$276.19K	USD	3 Qtrs
Administrative and general	`GeneralAndAdministrativeExpense`	$281.95K	USD	3 Qtrs
Administrative and general	`GeneralAndAdministrativeExpense`	$112.68K	USD	1 Quarter
Salaries and employee benefits	`SalariesAndWages`	$364.20K	USD	3 Qtrs
Salaries and employee benefits	`SalariesAndWages`	$434.99K	USD	3 Qtrs
Salaries and employee benefits	`SalariesAndWages`	$135.61K	USD	1 Quarter
Salaries and employee benefits	`SalariesAndWages`	$148.63K	USD	1 Quarter
Professional	`ProfessionalFees`	$93.43K	USD	1 Quarter
Professional	`ProfessionalFees`	$99.03K	USD	1 Quarter
Professional	`ProfessionalFees`	$268.90K	USD	3 Qtrs
Professional	`ProfessionalFees`	$339.42K	USD	3 Qtrs
Total Operating Expenses	`OperatingCostsAndExpenses`	$909.29K	USD	3 Qtrs
Total Operating Expenses	`OperatingCostsAndExpenses`	$345.95K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$360.34K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$1.06M	USD	3 Qtrs
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-217.90K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-738.96K	USD	3 Qtrs
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-119.02K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease`	$-481.59K	USD	3 Qtrs
Other income (expense)	`OtherExpenses`	$221.00	USD	3 Qtrs
Other income (expense)	`OtherExpenses`	$221.00	USD	1 Quarter
Other income (expense)	`OtherExpenses`	$258.00	USD	1 Quarter
Other income (expense)	`OtherExpenses`	$21.00	USD	3 Qtrs
Loss on retirement of asset	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition`	-	USD	1 Quarter
Loss on retirement of asset	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition`	$-257.00	USD	3 Qtrs
Loss on retirement of asset	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition`	-	USD	3 Qtrs
Loss on retirement of asset	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition`	-	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-17.93K	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$-333.42K	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$-287.02K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-14.10K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$13.84K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$286.80K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$17.91K	USD	3 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$333.46K	USD	3 Qtrs
Net (Loss)	`NetIncomeLoss`	$-815.05K	USD	3 Qtrs
Net (Loss)	`NetIncomeLoss`	$-231.75K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-756.87K	USD	3 Qtrs
Net (Loss)	`NetIncomeLoss`	$-405.81K	USD	1 Quarter
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	3 Qtrs
Arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	3 Qtrs
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Total other comprehensive (loss)	`OtherComprehensiveIncomeLossTax`	-	USD	3 Qtrs
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-405.81K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-756.87K	USD	3 Qtrs
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-231.75K	USD	1 Quarter
Comprehensive (Loss)	`ComprehensiveIncomeNetOfTax`	$-815.05K	USD	3 Qtrs
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.03	USD	3 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`	$-0.03	USD	3 Qtrs
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	28.12M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	30.16M	shares	3 Qtrs
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	26.85M	shares	3 Qtrs
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	30.60M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-815.05K	USD	3 Qtrs
Net (Loss)	`NetIncomeLoss`	$-231.75K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-756.87K	USD	3 Qtrs
Net (Loss)	`NetIncomeLoss`	$-405.81K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.05K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.66K	USD	3 Qtrs
Common stock for services	`StockGrantedDuringPeriodSharesSharebasedCompensation`	25,000.00	shares	3 Qtrs
Common stock for services	`StockGrantedDuringPeriodSharesSharebasedCompensation`	10,000.00	shares	3 Qtrs
Amortization of prepaid consulting	`AdjustmentForAmortization`	$20.00K	USD	3 Qtrs
Amortization of prepaid consulting	`AdjustmentForAmortization`	$131.69K	USD	3 Qtrs
Beneficial conversion feature, net	`DebtInstrumentConvertibleBeneficialConversionFeature`	$34.73K	USD	3 Qtrs
Original issue discount, net	`AmortizationOfFinancingCostsAndDiscounts`	$5.42K	USD	3 Qtrs
Original issue discount, net	`AmortizationOfFinancingCostsAndDiscounts`	$21.35K	USD	3 Qtrs
Detached warrants discount, net	`DetachedWarrantsDiscountNet`	$162.26K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$11.90K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$74.56K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.33K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.15K	USD	3 Qtrs
Other assets	`AdditionsToOtherAssetsAmount`	-	USD	3 Qtrs
Other assets	`AdditionsToOtherAssetsAmount`	$-1.69K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$57.45K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$33.32K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.10K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.89K	USD	3 Qtrs
Deferred revenue	`DeferredRevenueAdditions`	$-3.19K	USD	3 Qtrs
Deferred revenue	`DeferredRevenueAdditions`	$100.91K	USD	3 Qtrs
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-490.75K	USD	3 Qtrs
Net Cash (Used in) Operating Activities	`AdjustmentsToReconcileIncomeLossToNetCashProvidedByUsedInContinuingOperations`	$-342.14K	USD	3 Qtrs
Loss on disposal of equipment	`GainLossOnDispositionOfProperty`	$-257.00	USD	3 Qtrs
Loss on disposal of equipment	`GainLossOnDispositionOfProperty`	-	USD	3 Qtrs
Investment in software development	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Investment in software development	`ResearchAndDevelopmentExpense`	$-36.02K	USD	3 Qtrs
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	-	USD	3 Qtrs
Purchase of property and equipment	`PropertyPlantAndEquipmentAdditions`	$-16.13K	USD	3 Qtrs
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-257.00	USD	3 Qtrs
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.15K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Payments made on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$-30.52K	USD	3 Qtrs
Payments made on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$-1.64K	USD	3 Qtrs
Proceeds from accounts receivable financing	`SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleGainLossOnSale`	$241.70K	USD	3 Qtrs
Payments on accounts receivable financing	`RepaymentsOfAccountsReceivableSecuritization`	$-208.85K	USD	3 Qtrs
Proceeds from related party debt	`ProceedsFromRelatedPartyDebt`	$313.42K	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$-200.25K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$75.00K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$250.00K	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$110.75K	USD	3 Qtrs
Proceeds from note payable - shareholder	`RepaymentsOfNotesPayable`	$60.00K	USD	3 Qtrs
Proceeds from note payable - shareholder	`RepaymentsOfNotesPayable`	$25.00K	USD	3 Qtrs
Payments on notes payable - shareholder	`IncreaseDecreaseInNotesPayableRelatedParties`	$-10.00K	USD	3 Qtrs
Net proceeds from insurance financing	`DemutualizationByInsuranceEntitySecuritiesIssuedAmountOfNetProceeds`	$4.38K	USD	3 Qtrs
Net proceeds from insurance financing	`DemutualizationByInsuranceEntitySecuritiesIssuedAmountOfNetProceeds`	$311.00	USD	3 Qtrs
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$280.00K	USD	3 Qtrs
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$351.56K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$557.74K	USD	3 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.16K	USD	3 Qtrs
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.84K	USD	3 Qtrs
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`	$10.15K	USD	Point-in-time
Reduction in convertible notes payable-beneficial conversion	`IncreaseDecreaseInNotesPayableCurrent`	$27.50K	USD	3 Qtrs
Reduction in convertible notes payable-beneficial conversion	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	3 Qtrs
Increase in notes payable	`IncreaseInNotesPayable`	$348.93K	USD	3 Qtrs
Interest amortization-original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$5.42K	USD	3 Qtrs
Interest amortization-original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$21.35K	USD	3 Qtrs
Interest amortization-beneficial conversion feature	`InterestAndOtherIncome`	$5.77K	USD	3 Qtrs
Interest amortization-beneficial conversion feature	`InterestAndOtherIncome`	$34.73K	USD	3 Qtrs
Interest amortization - warrants	`InterestAmortizationWarrants`	$162.26K	USD	3 Qtrs
Interest amortization - warrants	`InterestAmortizationWarrants`	-	USD	3 Qtrs

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