10-Q Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001553350-13-000175`
Period End Date	20130331
Filing Date	20130515
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	iosa-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 38 Cash Flow Statement 74

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.47K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.60M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.62K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$126.08K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$35.71K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.98K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.44K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$130.69K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$41.15K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.31K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.88K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.69K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.69K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$152.25K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$64.14K	USD	Point-in-time
Checks written in excess of cash balance	`BankOverdrafts`	-	USD	Point-in-time
Checks written in excess of cash balance	`BankOverdrafts`	$3.88K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$175.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$170.37K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$6.16K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$9.94K	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$87.28K	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	-	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$229.03K	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$290.84K	USD	Point-in-time
Notes payable - shareholders	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Notes payable - shareholders	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Notes payable (Convertible), net of discounts - related parties	`ConvertibleRelatedPartyNotesPayable`	$24.95K	USD	Point-in-time
Notes payable (Convertible), net of discounts - related parties	`ConvertibleRelatedPartyNotesPayable`	$40.51K	USD	Point-in-time
Notes payable (Convertible), net of discounts - shareholders	`ConvertibleNotesPayableCurrent`	$69.54K	USD	Point-in-time
Notes payable (Convertible), net of discounts - shareholders	`ConvertibleNotesPayableCurrent`	$81.61K	USD	Point-in-time
Loan payable to factor	`NotePayableFactoring`	$36.50K	USD	Point-in-time
Loan payable to factor	`NotePayableFactoring`	$24.59K	USD	Point-in-time
Loans payable - insurance	`LoansPayableCurrent`	$4.61K	USD	Point-in-time
Loans payable - insurance	`LoansPayableCurrent`	$2.41K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$40.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$37.03K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$80.57K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$38.45K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$17.17K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.51K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$675.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$907.21K	USD	Point-in-time
Notes payable (OID) - net of discounts, shareholders	`LongTermNotesPayable`	$145.92K	USD	Point-in-time
Notes payable (OID) - net of discounts, shareholders	`LongTermNotesPayable`	$143.87K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$818.87K	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized, 30,599,417 and 30,599,417 issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$30.60K	USD	Point-in-time
Common stock-$.001 par value, 50,000,000 shares authorized, 30,599,417 and 30,599,417 issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$30.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.92M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.70M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-900.87K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-754.73K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$64.14K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$152.25K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Software and hardware sales	`SalesRevenueGoodsGross`	$11.00K	USD	1 Quarter
Software and hardware sales	`SalesRevenueGoodsGross`	$72.08K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$64.60K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$136.78K	USD	1 Quarter
Total Revenue	`Revenues`	$75.59K	USD	1 Quarter
Total Revenue	`Revenues`	$208.86K	USD	1 Quarter
Software and hardware	`CostOfGoodsSoftwareAndHardwareSold`	$5.90K	USD	1 Quarter
Software and hardware	`CostOfGoodsSoftwareAndHardwareSold`	$5.51K	USD	1 Quarter
Services	`CostOfGoodsAndServicesSold`	$93.02K	USD	1 Quarter
Services	`CostOfGoodsAndServicesSold`	$39.21K	USD	1 Quarter
Total Cost of Revenue	`CostOfGoodsSold`	$98.54K	USD	1 Quarter
Total Cost of Revenue	`CostOfGoodsSold`	$45.11K	USD	1 Quarter
Gross Profit	`GrossProfit`	$30.49K	USD	1 Quarter
Gross Profit	`GrossProfit`	$110.33K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$74.09K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$55.20K	USD	1 Quarter
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$128.56K	USD	1 Quarter
Salaries and employee benefits	`EmployeeBenefitsAndShareBasedCompensation`	$127.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.99K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.95K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$221.85K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$209.71K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTax`	$-191.36K	USD	1 Quarter
(Loss) Before Other Income (Expense)	`OtherComprehensiveIncomeLossBeforeTax`	$-99.38K	USD	1 Quarter
Factoring fees	`OtherNonoperatingIncomeExpense`	$-3.78K	USD	1 Quarter
Factoring fees	`OtherNonoperatingIncomeExpense`	$-5.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$127.84K	USD	1 Quarter
Interest expense	`InterestExpense`	$44.26K	USD	1 Quarter
Loss on property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-131.62K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-50.02K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-149.40K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-322.99K	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.27M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.60M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`NetIncomeLoss`	$-149.40K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-322.99K	USD	1 Quarter
Depreciation	`Depreciation`	$2.70K	USD	1 Quarter
Depreciation	`Depreciation`	$1.43K	USD	1 Quarter
Amortization of software	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of software	`AmortizationOfIntangibleAssets`	$9.01K	USD	1 Quarter
Amortization of prepaids	`AmortizationOfPrepaids`	-	USD	1 Quarter
Amortization of prepaids	`AmortizationOfPrepaids`	$2.46K	USD	1 Quarter
Amortization of prepaid consulting	`AmortizationOfPrepaidConsulting`	-	USD	1 Quarter
Amortization of prepaid consulting	`AmortizationOfPrepaidConsulting`	$17.50K	USD	1 Quarter
Amortization of original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$6.04K	USD	1 Quarter
Amortization of original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$11.29K	USD	1 Quarter
Amortization of beneficial conversion feature value	`AmortizationOfBeneficialConversionFeatureValue`	$55.33K	USD	1 Quarter
Amortization of beneficial conversion feature value	`AmortizationOfBeneficialConversionFeatureValue`	$10.56K	USD	1 Quarter
Amortization of warrant discounts	`DebtIssuanceCosts`	$14.38K	USD	1 Quarter
Amortization of warrant discounts	`DebtIssuanceCosts`	$57.54K	USD	1 Quarter
Options issued for services	`IssuanceOfStockOptionsForServices`	$3.25K	USD	1 Quarter
Options issued for services	`IssuanceOfStockOptionsForServices`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-122.89K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$90.37K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.90K	USD	1 Quarter
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$3.78K	USD	1 Quarter
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$87.28K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	-	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-1.03K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-5.66K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$42.12K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.22K	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-67.70K	USD	1 Quarter
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from line of credit facility	`ProceedsFromLinesOfCredit`	$1.68K	USD	1 Quarter
Proceeds from line of credit facility	`ProceedsFromLinesOfCredit`	$35.38K	USD	1 Quarter
Repayments of line of credit facility	`RepaymentsOfLinesOfCredit`	$32.42K	USD	1 Quarter
Repayments of line of credit facility	`RepaymentsOfLinesOfCredit`	$200.00	USD	1 Quarter
Insurance premium proceeds	`InsurancePremiumProceeds`	-	USD	1 Quarter
Insurance premium proceeds	`InsurancePremiumProceeds`	$227.00	USD	1 Quarter
Insurance premium repayments	`RepaymentsOfInsurancePremiums`	-	USD	1 Quarter
Insurance premium repayments	`RepaymentsOfInsurancePremiums`	$2.20K	USD	1 Quarter
Proceeds from factor, net of repayments	`NetProceedsFromNotesPayableFactoring`	-	USD	1 Quarter
Proceeds from factor, net of repayments	`NetProceedsFromNotesPayableFactoring`	$11.92K	USD	1 Quarter
Repayments to factor, net of proceeds	`RepaymentsToFactorNetOfProceeds`	-	USD	1 Quarter
Repayments to factor, net of proceeds	`RepaymentsToFactorNetOfProceeds`	$71.50K	USD	1 Quarter
Proceeds provided by checks written in excess of cash balances	`ProceedsFromRepaymentsOfBankOverdrafts`	$-3.88K	USD	1 Quarter
Proceeds provided by checks written in excess of cash balances	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Proceeds from shareholder	`ProceedsFromNotesPayableShareholders`	$35.00K	USD	1 Quarter
Proceeds from shareholder	`ProceedsFromNotesPayableShareholders`	-	USD	1 Quarter
Repayment to shareholder	`PaymentsOnNotesPayableShareholders`	$1.30K	USD	1 Quarter
Repayment to shareholder	`PaymentsOnNotesPayableShareholders`	-	USD	1 Quarter
Proceeds from convertible notes, shareholders	`ProceedsFromNotesPayableConvertibleNetRelatedParty`	-	USD	1 Quarter
Proceeds from convertible notes, shareholders	`ProceedsFromNotesPayableConvertibleNetRelatedParty`	$62.50K	USD	1 Quarter
Proceed from notes related parties	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceed from notes related parties	`ProceedsFromRelatedPartyDebt`	$86.21K	USD	1 Quarter
Repayment to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment to related parties	`RepaymentsOfRelatedPartyDebt`	$24.38K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$27.70K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$69.33K	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.49K	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.62K	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.47K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.62K	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.47K	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashAndCashEquivalentsAtCarryingValue`	$988.00	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.62K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$9.50K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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