10-Q Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001264931-15-000214`
Period End Date	20150331
Filing Date	20150520
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	isoa-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 42 Cash Flow Statement 55

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`Cash`	$166.00	USD	Point-in-time
Cash and cash equivalents	`Cash`	$3.09K	USD	Point-in-time
Accounts receivable, net allaowance of $5,490 at June 30,1014 and December 31, 2014	`AccountsReceivableNetCurrent`	$22.00	USD	Point-in-time
Accounts receivable, net allaowance of $5,490 at June 30,1014 and December 31, 2014	`AccountsReceivableNetCurrent`	$26.70K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Common stock - Class A, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock - Class A, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.79K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$800.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.92K	USD	Point-in-time
Common stock - Class A, shares issued	`CommonStockSharesIssued`	79.44M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$56.65K	USD	Point-in-time
Common stock - Class A, shares issued	`CommonStockSharesIssued`	114.73M	shares	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$12.59K	USD	Point-in-time
Common stock - Class A, shares outstanding	`CommonStockSharesOutstanding`	79.44M	shares	Point-in-time
Common stock - Class A, shares outstanding	`CommonStockSharesOutstanding`	114.73M	shares	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$8.93K	USD	Point-in-time
Other assets	`OtherAssets`	$1.69K	USD	Point-in-time
Common stock - Class A, shares to be issued	`CommonStockClassSharesToBeIssued`	1.00M	shares	Point-in-time
Other assets	`OtherAssets`	$1.20K	USD	Point-in-time
Common stock - Class A, shares to be issued	`CommonStockClassSharesToBeIssued`	8.33M	shares	Point-in-time
Common stock B, par value	`CommonStockParOrStatedValuePerShareB`	$0.00	USD	Point-in-time
Common stock B, par value	`CommonStockParOrStatedValuePerShareB`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$70.94K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.04K	USD	Point-in-time
Common stock - Class B, shares authorized	`CommonStockSharesAuthorizedB`	50.00M	shares	Point-in-time
Common stock - Class B, shares authorized	`CommonStockSharesAuthorizedB`	50.00M	shares	Point-in-time
Common stock - Class B, shares issued	`CommonStockSharesIssuedB`	6.50M	shares	Point-in-time
Common stock - Class B, shares issued	`CommonStockSharesIssuedB`	11.50M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$231.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$246.53K	USD	Point-in-time
Common stock - Class B,shares outstanding	`CommonStockSharesOutstandingB`	11.50M	shares	Point-in-time
Common stock - Class B,shares outstanding	`CommonStockSharesOutstandingB`	6.50M	shares	Point-in-time
Accrued expense	`AccruedLiabilitiesCurrent`	$31.65K	USD	Point-in-time
Accrued expense	`AccruedLiabilitiesCurrent`	$88.25K	USD	Point-in-time
Note payable - shareholder	`NotesPayableCurrent`	$35.00K	USD	Point-in-time
Note payable - shareholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - shareholder	`NotesPayableCurrent`	$25.00K	USD	Point-in-time
Note payable - shareholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - shareholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - shareholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - shareholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable (Convertible OID), net discounts - related parties	`ConvertibleLongTermNotesPayable`	$66.00K	USD	Point-in-time
Note payable (Convertible OID), net discounts - related parties	`ConvertibleLongTermNotesPayable`	$66.00K	USD	Point-in-time
Note payable (OID), net of discounts - shareholder	`OtherNotesPayable`	$142.68K	USD	Point-in-time
Note payable (OID), net of discounts - shareholder	`OtherNotesPayable`	$144.29K	USD	Point-in-time
Note payable (Third Party) net of discount	`OtherNotesPayableCurrent`	$93.55K	USD	Point-in-time
Note payable (Third Party) net of discount	`OtherNotesPayableCurrent`	$45.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	$39.98K	USD	Point-in-time
Line of credit	`LineOfCredit`	$40.41K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$31.18K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$15.63K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesAndOtherLiabilities`	$20.38K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesAndOtherLiabilities`	$15.93K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.06M	USD	Point-in-time
Preferred stock $0.001 par value, 1,000,000 shares authorized, no shares and outstanding at September 30, 2014 and Decemeber 31, 2013, repectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock $0.001 par value, 1,000,000 shares authorized, no shares and outstanding at September 30, 2014 and Decemeber 31, 2013, repectively	`PreferredStockValue`	-	USD	Point-in-time
Common Stock - Class A, $.001 par value, 450,000,000 shares authorized, 114,725,189, and 79,442,019, issued and outstanding at September 30, 2014 and December 31, 2013	`CommonStockValue`	$79.44K	USD	Point-in-time
Common Stock - Class A, $.001 par value, 450,000,000 shares authorized, 114,725,189, and 79,442,019, issued and outstanding at September 30, 2014 and December 31, 2013	`CommonStockValue`	$114.72K	USD	Point-in-time
Common Stock - Class B, $.001 par value, 50,000,000 shares authorized, 6,500,000 and 11,500,000 issued and outstanding at September 30, 2014 and December 31, 2013	`CommonStockValueB`	$11.50K	USD	Point-in-time
Common Stock - Class B, $.001 par value, 50,000,000 shares authorized, 6,500,000 and 11,500,000 issued and outstanding at September 30, 2014 and December 31, 2013	`CommonStockValueB`	$6.50K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.76M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.42M	USD	Point-in-time
Common Stock to be Issued - Class A Stock, 1,000,000 and 8,332,500 shares as of September 30, 2014 and December 31, 2013	`CommonStockSharesSubscriptions`	$8.33K	USD	Point-in-time
Common Stock to be Issued - Class A Stock, 1,000,000 and 8,332,500 shares as of September 30, 2014 and December 31, 2013	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Subscription receiveable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$-100.00K	USD	Point-in-time
Subscription receiveable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-932.55K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.04M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$70.94K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.04K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Software and Hardware Sales	`SalesRevenueNet`	$93.97K	USD	1 Quarter
Software and Hardware Sales	`SalesRevenueNet`	$72.08K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$189.43K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$515.43K	USD	1 Quarter
Total Revenue	`Revenues`	$283.39K	USD	1 Quarter
Total Revenue	`Revenues`	$587.52K	USD	1 Quarter
Software and Hardware	`SoftwareAndHardware`	$66.58K	USD	1 Quarter
Software and Hardware	`SoftwareAndHardware`	$7.44K	USD	1 Quarter
Services	`CostOfGoodsAndServicesSold`	$248.19K	USD	1 Quarter
Services	`CostOfGoodsAndServicesSold`	$60.11K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$255.63K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$126.69K	USD	1 Quarter
Gross Profit	`GrossProfit`	$156.71K	USD	1 Quarter
Gross Profit	`GrossProfit`	$331.89K	USD	1 Quarter
Administrative and General	`GeneralAndAdministrativeExpense`	$195.11K	USD	1 Quarter
Administrative and General	`GeneralAndAdministrativeExpense`	$182.82K	USD	1 Quarter
Salaries and Employee Benefits	`SalariesAndWages`	$308.43K	USD	1 Quarter
Salaries and Employee Benefits	`SalariesAndWages`	$402.68K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$51.34K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$72.33K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$670.12K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$543.59K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-385.89K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-338.24K	USD	1 Quarter
Finance Fee earned on sales	`InterestAndFeeIncomeNonmortgageLoansAndLeasesHeldForSale`	$9.23K	USD	1 Quarter
Finance Fee earned on sales	`InterestAndFeeIncomeNonmortgageLoansAndLeasesHeldForSale`	-	USD	1 Quarter
Gain on settlement	`GainLossRelatedToLitigationSettlement`	$5.20K	USD	1 Quarter
Gain on settlement	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Factoring Fees and other interests	`OtherNonoperatingExpense`	$-24.19K	USD	1 Quarter
Factoring Fees and other interests	`OtherNonoperatingExpense`	$-12.78K	USD	1 Quarter
Loss on Fixed Asset Disposal	`GainLossOnSaleOfPropertyPlantEquipment`	$-305.00	USD	1 Quarter
Loss on Fixed Asset Disposal	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-182.10K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-141.99K	USD	1 Quarter
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$189.98K	USD	1 Quarter
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$-156.95K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-534.10K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-252.05K	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	72.32M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	111.74M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-534.10K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-252.05K	USD	1 Quarter
Depreciation	`Depreciation`	$-3.39K	USD	1 Quarter
Depreciation	`Depreciation`	$1.43K	USD	1 Quarter
Amortization of prepaid shares issued for services	`AmortizationOfDeferredCharges`	-	USD	1 Quarter
Amortization of prepaid shares issued for services	`AmortizationOfDeferredCharges`	$14.88K	USD	1 Quarter
Amortization of discounts	`AmortizationOfFinancingCostsAndDiscounts`	$-142.45K	USD	1 Quarter
Amortization of discounts	`AmortizationOfFinancingCostsAndDiscounts`	$3.10K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$608.00	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$50.00K	USD	1 Quarter
Options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$38.01K	USD	1 Quarter
Options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$39.29K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-27.89K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-22.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-595.00	USD	1 Quarter
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$28.01K	USD	1 Quarter
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$54.68K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.76K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$17.51K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$21.87K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.07K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-8.71K	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInContinuingOperations`	$-207.95K	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInContinuingOperations`	$-567.83K	USD	1 Quarter
Proceeds from line of credit facility	`ProceedsFromLinesOfCredit`	$2.25K	USD	1 Quarter
Proceeds from line of credit facility	`ProceedsFromLinesOfCredit`	$39.85K	USD	1 Quarter
Repayments made on line of credit facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayments made on line of credit facility	`RepaymentsOfLinesOfCredit`	$-39.98K	USD	1 Quarter
Insurance premium repayments	`InsurancePremiumRepayments`	-	USD	1 Quarter
Insurance premium repayments	`InsurancePremiumRepayments`	-	USD	1 Quarter
Repayment for checks written in excess of cash balances	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Repayment for checks written in excess of cash balances	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Proceeds from Sale of Common Stock and Warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$397.55K	USD	1 Quarter
Proceeds from Sale of Common Stock and Warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$190.00K	USD	1 Quarter
Repayment to stockholders	`RepaymentsOfConvertibleDebt`	$-9.60K	USD	1 Quarter
Repayment to stockholders	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Proceeds from notes payable related parties	`ProceedsFromRelatedPartyDebt`	$171.17K	USD	1 Quarter
Proceeds from notes payable related parties	`ProceedsFromRelatedPartyDebt`	$61.00K	USD	1 Quarter
Repayments from notes payable related parties	`RepaymentsOfRelatedPartyDebt`	$-42.43K	USD	1 Quarter
Repayments from notes payable related parties	`RepaymentsOfRelatedPartyDebt`	$-675.00	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$208.44K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$560.70K	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$487.00	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.13K	USD	1 Quarter
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$733.00	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.35K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$20.18K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$3.26K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Subscription Receivable	`SubscriptionReceivable`	$20.00K	USD	1 Quarter
Subscription Receivable	`SubscriptionReceivable`	-	USD	1 Quarter

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