10-Q/A Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q1 2015

Filing Information

Form Type	10-Q/A
Accession Number	`0001264931-15-000224`
Period End Date	20150331
Filing Date	20150526
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	isoa-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 37 Cash Flow Statement 64

Balance Sheet 66 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
Cash and cash equivalents	`Cash`	$1.35K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`Cash`	$3.48K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$39.29K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	-	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`	$1.35K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.77K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.62K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	690,779.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$44.38K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	720,779.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.35K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	720,779.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	690,779.00	shares	Point-in-time
Common stock - shares to be issued	`CommonStockClassSharesToBeIssued`	5,000.00	shares	Point-in-time
Common stock - shares to be issued	`CommonStockClassSharesToBeIssued`	526,091.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$216.46K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$238.46K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$184.26K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$156.25K	USD	Point-in-time
Note payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$310.13K	USD	Point-in-time
Note payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$293.08K	USD	Point-in-time
Note payable - stockholder	`NotesPayableCurrent`	$35.00K	USD	Point-in-time
Note payable - stockholder	`NotesPayableCurrent`	$25.00K	USD	Point-in-time
Note payable - stockholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - stockholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - stockholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - stockholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable (Convertible OID), net discounts and premium - related parties	`ConvertibleLongTermNotesPayable`	$66.00K	USD	Point-in-time
Note payable (Convertible OID), net discounts and premium - related parties	`ConvertibleLongTermNotesPayable`	$119.11K	USD	Point-in-time
Note payable (OID), net of discounts - stockholder	`OtherNotesPayable`	$151.03K	USD	Point-in-time
Note payable (OID), net of discounts - stockholder	`OtherNotesPayable`	$157.69K	USD	Point-in-time
Note payable (Third Party) net of discounts	`OtherNotesPayableCurrent`	$79.62K	USD	Point-in-time
Note payable (Third Party) net of discounts	`OtherNotesPayableCurrent`	$71.25K	USD	Point-in-time
Line of credit	`LineOfCredit`	$40.25K	USD	Point-in-time
Line of credit	`LineOfCredit`	$38.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$1.81K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$6.88K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesAndOtherLiabilities`	$35.28K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesAndOtherLiabilities`	$13.41K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.19M	USD	Point-in-time
Preferred stock $0.001 par value, 1,000,000 shares authorized, no shares and outstanding at March 31, 2015 and Decemeber 31, 2014, repectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock $0.001 par value, 1,000,000 shares authorized, no shares and outstanding at March 31, 2015 and Decemeber 31, 2014, repectively	`PreferredStockValue`	-	USD	Point-in-time
Common Stock - $.001 par value, 500,000,000 shares authorized, 720,779 and 69,779 issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$721.00	USD	Point-in-time
Common Stock - $.001 par value, 500,000,000 shares authorized, 720,779 and 69,779 issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$691.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.04M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.44M	USD	Point-in-time
Common Stock to be Issued - Class A Stock, 1,000,000 and 8,332,500 shares as of March 31, 2015 and December 31, 2014	`CommonStockSharesSubscriptions`	$5.00	USD	Point-in-time
Common Stock to be Issued - Class A Stock, 1,000,000 and 8,332,500 shares as of March 31, 2015 and December 31, 2014	`CommonStockSharesSubscriptions`	$526.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.62M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.18M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$44.38K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.35K	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Software and Hardware Sales	`SalesRevenueNet`	$66.72K	USD	1 Quarter
Software and Hardware Sales	`SalesRevenueNet`	-	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$60.44K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$5.07K	USD	1 Quarter
Total Revenue	`Revenues`	$5.07K	USD	1 Quarter
Total Revenue	`Revenues`	$127.17K	USD	1 Quarter
Software and Hardware	`SoftwareAndHardware`	$36.22K	USD	1 Quarter
Software and Hardware	`SoftwareAndHardware`	-	USD	1 Quarter
Services	`CostOfGoodsAndServicesSold`	$36.22K	USD	1 Quarter
Services	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	-	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$72.44K	USD	1 Quarter
Gross Profit	`GrossProfit`	$54.73K	USD	1 Quarter
Gross Profit	`GrossProfit`	$5.07K	USD	1 Quarter
Administrative and General	`GeneralAndAdministrativeExpense`	$103.26K	USD	1 Quarter
Administrative and General	`GeneralAndAdministrativeExpense`	$183.84K	USD	1 Quarter
Salaries and Employee Benefits	`SalariesAndWages`	$148.99K	USD	1 Quarter
Salaries and Employee Benefits	`SalariesAndWages`	$60.92K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$16.84K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$149.27K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$394.03K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$269.08K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-214.35K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-388.96K	USD	1 Quarter
Total Other Income	`OtherIncome`	$500.00	USD	1 Quarter
Total Other Income	`OtherIncome`	-	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-145.64K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$-37.69K	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$145.14K	USD	1 Quarter
Total Other Expense	`OtherNonoperatingIncomeExpense`	$37.69K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-252.05K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-252.05K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-534.10K	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareDiluted`	$-1.65	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareDiluted`	$-1.31	USD	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	152,997.00	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	408,915.00	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-252.05K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-252.05K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-534.10K	USD	1 Quarter
Depreciation	`Depreciation`	$1.62K	USD	1 Quarter
Depreciation	`Depreciation`	$1.43K	USD	1 Quarter
Amortization of prepaid	`AmortizationOfDeferredCharges`	$14.88K	USD	1 Quarter
Amortization of prepaid	`AmortizationOfDeferredCharges`	-	USD	1 Quarter
Amortization of discounts	`AmortizationOfFinancingCostsAndDiscounts`	$3.10K	USD	1 Quarter
Amortization of discounts	`AmortizationOfFinancingCostsAndDiscounts`	$8.56K	USD	1 Quarter
Amortization of note primium	`AmortizationOfBeneficialConvertionFeatureValue`	$50.00K	USD	1 Quarter
Amortization of note primium	`AmortizationOfBeneficialConvertionFeatureValue`	-	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$47.23K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$608.00	USD	1 Quarter
Options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$38.01K	USD	1 Quarter
Options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodValueShareBasedCompensation`	$236.00K	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$39.29K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-27.89K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$35.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-595.00	USD	1 Quarter
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$54.68K	USD	1 Quarter
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$28.01K	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`	$32.30K	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`	$-61.16K	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 of line of credit facility	`RepaymentsOfLinesOfCredit`	$-39.98K	USD	1 Quarter
Repayments of line of credit facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Proceeds from convertible note	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible note	`ProceedsFromConvertibleDebt`	$50.00K	USD	1 Quarter
Proceeds from Sale of Common Stock and Warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$190.00K	USD	1 Quarter
Proceeds from Sale of Common Stock and Warrants	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Repayment to note holder	`RepaymentsOfConvertibleDebt`	$-10.28K	USD	1 Quarter
Repayment to note holder	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Proceeds from notes payable related parties, net	`ProceedsFromRelatedPartyDebt`	$17.05K	USD	1 Quarter
Proceeds from notes payable related parties, net	`ProceedsFromRelatedPartyDebt`	$18.57K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$208.44K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$59.03K	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.13K	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$487.00	USD	1 Quarter
Cash and Cash Equivalents at Beginning of period	`OtherCashEquivalentsAtCarryingValue`	$166.00	USD	Point-in-time
Cash and Cash Equivalents at Beginning of period	`OtherCashEquivalentsAtCarryingValue`	$3.48K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.35K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$653.00	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
Convertion of accounts payable to common stock	`ConvertionOfAccountsPayableToCommonStock`	-	USD	1 Quarter
Convertion of accounts payable to common stock	`ConvertionOfAccountsPayableToCommonStock`	$57.00K	USD	1 Quarter
Convertion of convertible debt and interest to common stock	`ConvertionOfConvertibleDebtAndInterestToCommonStock`	$73.83K	USD	1 Quarter
Convertion of convertible debt and interest to common stock	`ConvertionOfConvertibleDebtAndInterestToCommonStock`	-	USD	1 Quarter
Subscription Receivable	`SubscriptionReceivable`	-	USD	1 Quarter
Subscription Receivable	`SubscriptionReceivable`	$20.00K	USD	1 Quarter

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