10-Q Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001553350-14-000576`
Period End Date	20140331
Filing Date	20140520
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	iosa-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 36 Cash Flow Statement 66

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$166.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.62K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$653.00	USD	Point-in-time
Accounts receivable, net allowance of $5,490 at March 31, 2014 and December 31, 2013	`AccountsReceivableNetCurrent`	$26.70K	USD	Point-in-time
Accounts receivable, net allowance of $5,490 at March 31, 2014 and December 31, 2013	`AccountsReceivableNetCurrent`	$54.59K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.79K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$14.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.65K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$70.16K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.49K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.49K	USD	Point-in-time
Preferred Stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$11.16K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$12.59K	USD	Point-in-time
Preferred Stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.69K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.69K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$70.94K	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$83.01K	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Accounts payable	`AccountsPayableCurrent`	$245.93K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$246.53K	USD	Point-in-time
Accrued expenses	`AccruedSalariesCurrent`	$37.40K	USD	Point-in-time
Accrued expenses	`AccruedSalariesCurrent`	$31.65K	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$348.66K	USD	Point-in-time
Notes payable - related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$330.09K	USD	Point-in-time
Notes payable - stockholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Notes payable - stockholder	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Notes payable (Convertible OID), net of discounts - related parties	`ConvertibleRelatedPartyNotesPayable`	$66.00K	USD	Point-in-time
Notes payable (Convertible OID), net of discounts - related parties	`ConvertibleRelatedPartyNotesPayable`	$66.00K	USD	Point-in-time
Notes payable - (OID) net of discounts, stockholder	`OriginalIssueDiscountNotesPayableCurrent`	$145.78K	USD	Point-in-time
Notes payable - (OID) net of discounts, stockholder	`OriginalIssueDiscountNotesPayableCurrent`	$142.68K	USD	Point-in-time
Notes payable (Third party)	`OtherNotesPayableCurrent`	$45.00K	USD	Point-in-time
Notes payable (Third party)	`OtherNotesPayableCurrent`	$45.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$39.85K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$39.98K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$22.48K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$31.18K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$37.89K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$20.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.00M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock $.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock $.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.42M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$4.56M	USD	Point-in-time
Common stock to be Issued- Class A Stock, 9,451,087 and 8,332,500 shares as of March 31, 2014 and December 31, 2013, respectively	`CommonStockSharesSubscriptions`	$8.33K	USD	Point-in-time
Common stock to be Issued- Class A Stock, 9,451,087 and 8,332,500 shares as of March 31, 2014 and December 31, 2013, respectively	`CommonStockSharesSubscriptions`	$9.45K	USD	Point-in-time
Subscription Receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$20.00K	USD	Point-in-time
Subscription Receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$100.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.60M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-932.55K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-955.98K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$70.94K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$83.01K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Software and hardware sales	`SalesRevenueGoodsNet`	$66.72K	USD	1 Quarter
Software and hardware sales	`SalesRevenueGoodsNet`	$72.08K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$60.44K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$136.78K	USD	1 Quarter
Total Revenue	`Revenues`	$127.17K	USD	1 Quarter
Total Revenue	`Revenues`	$208.86K	USD	1 Quarter
Software and hardware	`CostOfGoodsSoftwareAndHardwareSold`	$36.22K	USD	1 Quarter
Software and hardware	`CostOfGoodsSoftwareAndHardwareSold`	$5.51K	USD	1 Quarter
Services	`CostOfGoodsAndServicesSold`	$93.02K	USD	1 Quarter
Services	`CostOfGoodsAndServicesSold`	$36.22K	USD	1 Quarter
Total Cost of Revenue	`CostOfGoodsSold`	$98.54K	USD	1 Quarter
Total Cost of Revenue	`CostOfGoodsSold`	$72.44K	USD	1 Quarter
Gross Profit	`GrossProfit`	$54.73K	USD	1 Quarter
Gross Profit	`GrossProfit`	$110.33K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$55.20K	USD	1 Quarter
Administrative and general	`GeneralAndAdministrativeExpense`	$103.26K	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$148.99K	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$128.56K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.95K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.84K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$269.08K	USD	1 Quarter
Total Operating Expenses	`OperatingCostsAndExpenses`	$209.71K	USD	1 Quarter
Loss from Operations	`OtherComprehensiveIncomeLossBeforeTax`	$-214.35K	USD	1 Quarter
Loss from Operations	`OtherComprehensiveIncomeLossBeforeTax`	$-99.38K	USD	1 Quarter
Factoring fees	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Factoring fees	`OtherNonoperatingIncomeExpense`	$-5.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$44.26K	USD	1 Quarter
Interest expense	`InterestExpense`	$37.69K	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-37.69K	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-50.02K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-149.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-252.05K	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and fully diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.60M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	106.06M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-149.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-252.05K	USD	1 Quarter
Depreciation	`Depreciation`	$1.43K	USD	1 Quarter
Depreciation	`Depreciation`	$1.43K	USD	1 Quarter
Amortization of prepaids	`AmortizationOfDeferredCharges`	$2.46K	USD	1 Quarter
Amortization of prepaids	`AmortizationOfDeferredCharges`	$14.88K	USD	1 Quarter
Amortization of discounts	`AmortizationOfFinancingCostsAndDiscounts`	$6.04K	USD	1 Quarter
Amortization of discounts	`AmortizationOfFinancingCostsAndDiscounts`	$3.10K	USD	1 Quarter
Amortization of beneficial conversion feature value	`AmortizationOfBeneficialConversionFeatureValue`	-	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`	-	USD	1 Quarter
Other	`ProceedsFromContributionsFromAffiliates`	$608.00	USD	1 Quarter
Other	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Options issued for services	`IssuanceOfStockOptionsForServices`	$-3.25K	USD	1 Quarter
Options issued for services	`IssuanceOfStockOptionsForServices`	$-38.01K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$90.37K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$27.89K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.90K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-595.00	USD	1 Quarter
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$3.78K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.76K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$87.28K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-17.51K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-5.66K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-8.71K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$42.12K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-207.95K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-67.70K	USD	1 Quarter
Proceeds from line of credit facility	`ProceedsFromLinesOfCredit`	$39.85K	USD	1 Quarter
Proceeds from line of credit facility	`ProceedsFromLinesOfCredit`	$35.38K	USD	1 Quarter
Repayments of line of credit facility	`RepaymentsOfLinesOfCredit`	$39.98K	USD	1 Quarter
Repayments of line of credit facility	`RepaymentsOfLinesOfCredit`	$32.42K	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
Repayment for checks written in excess of cash balances	`ProceedsFromRepaymentsOfBankOverdrafts`	$-3.88K	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`	-	USD	1 Quarter
Proceeds from Sale of Common Stock and Warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$190.00K	USD	1 Quarter
Repayment to stockholder	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayment to stockholder	`RepaymentsOfNotesPayable`	$1.30K	USD	1 Quarter
Proceeds from note payable related parties	`ProceedsFromRelatedPartyDebt`	$86.21K	USD	1 Quarter
Proceeds from note payable related parties	`ProceedsFromRelatedPartyDebt`	$61.00K	USD	1 Quarter
Repayments from note payable related parties	`RepaymentsOfRelatedPartyDebt`	$24.38K	USD	1 Quarter
Repayments from note payable related parties	`RepaymentsOfRelatedPartyDebt`	$42.43K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$69.33K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$208.44K	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$487.00	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`	$166.00	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.62K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$653.00	USD	Point-in-time
Cash and Cash Equivalents at End of period	`CashAndCashEquivalentsAtCarryingValue`	$166.00	USD	Point-in-time
Cash and Cash Equivalents at End 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`	$653.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$9.50K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$20.18K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Subscription Receivable	`StockIssued1`	-	USD	1 Quarter
Subscription Receivable	`StockIssued1`	$20.00K	USD	1 Quarter

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