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10-Q Filing

DUOS TECHNOLOGIES GROUP, INC. CIK: 1396536 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001553350-16-002064
Period End Date 20160331
Filing Date 20160516
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance duos-20160331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 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 10.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M 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 Cash $140.13K USD Point-in-time
Cash Cash $250.00 USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $137.44K USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable AccountsReceivableNetCurrent $452.24K USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts OtherAssetsCurrent $421.12K USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts OtherAssetsCurrent $434.29K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $165.09K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $409.54K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 64.78M shares Point-in-time
Total Current Assets AssetsCurrent $981.52K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 65.72M shares Point-in-time
Total Current Assets AssetsCurrent $1.18M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 64.78M shares Point-in-time
Property and Equipment, net PropertyPlantAndEquipmentNet $72.54K USD Point-in-time
Property and Equipment, net PropertyPlantAndEquipmentNet $80.90K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 65.72M shares Point-in-time
Patents and trademarks, net DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts $-57.01K USD Point-in-time
Patents and trademarks, net DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts $-55.65K USD Point-in-time
Total Other Assets OtherAssets $57.01K USD Point-in-time
Total Other Assets OtherAssets $55.65K USD Point-in-time
TOTAL ASSETS Assets $1.31M USD Point-in-time
TOTAL ASSETS Assets $1.12M USD Point-in-time
Bank overdraft BankOverdrafts $3.60K USD Point-in-time
Bank overdraft BankOverdrafts - USD Point-in-time
Accounts payable AccountsPayableCurrent $1.06M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.18M USD Point-in-time
Accounts payable - related parties DueToRelatedPartiesCurrentAndNoncurrent $41.20K USD Point-in-time
Accounts payable - related parties DueToRelatedPartiesCurrentAndNoncurrent $30.07K USD Point-in-time
Commercial insurance/office equipment financing OtherNotesPayableCurrent $133.13K USD Point-in-time
Commercial insurance/office equipment financing OtherNotesPayableCurrent $44.02K USD Point-in-time
Notes payable-related parties NotesPayableRelatedPartiesClassifiedCurrent $486.96K USD Point-in-time
Notes payable-related parties NotesPayableRelatedPartiesClassifiedCurrent $495.79K USD Point-in-time
Notes payable NotesPayableCurrent $196.61K USD Point-in-time
Notes payable NotesPayableCurrent $189.11K USD Point-in-time
Convertible notes payable, including premiums ConvertibleLongTermNotesPayable $193.95K USD Point-in-time
Convertible notes payable, including premiums ConvertibleLongTermNotesPayable $193.95K USD Point-in-time
Line of credit LineOfCredit $40.00K USD Point-in-time
Line of credit LineOfCredit $40.22K USD Point-in-time
Line of credit LineOfCredit $40.82K USD Point-in-time
Payroll taxes payable AccruedPayrollTaxesCurrent $456.37K USD Point-in-time
Payroll taxes payable AccruedPayrollTaxesCurrent $296.21K USD Point-in-time
Accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $1.03M USD Point-in-time
Accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $955.57K USD Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts BillingsInExcessOfCost $303.06K USD Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts BillingsInExcessOfCost $420.05K USD Point-in-time
Deferred revenue DeferredRevenue $908.21K USD Point-in-time
Deferred revenue DeferredRevenue $609.32K USD Point-in-time
Contingent lawsuit payable AccruedLiabilitiesAndOtherLiabilities $550.00K USD Point-in-time
Contingent lawsuit payable AccruedLiabilitiesAndOtherLiabilities $550.00K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $5.35M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $5.07M USD Point-in-time
Total Liabilities Liabilities $5.35M USD Point-in-time
Total Liabilities Liabilities $5.07M USD Point-in-time
Commitments and Contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value; 10,000,000 authorized, none issued or outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value; 10,000,000 authorized, none issued or outstanding PreferredStockValue - USD Point-in-time
Common stock: $0.001 par value; 500,000,000 shares authorized, 65,716,721 and 64,777,621 shares issued and issuable, and outstanding at March 31, 2016 and December 31, 2015, respectively CommonStockValue $64.78K USD Point-in-time
Common stock: $0.001 par value; 500,000,000 shares authorized, 65,716,721 and 64,777,621 shares issued and issuable, and outstanding at March 31, 2016 and December 31, 2015, respectively CommonStockValue $65.72K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $17.50M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $17.13M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-20.95M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-21.79M USD Point-in-time
Total Stockholders' Deficit StockholdersEquity $-4.23M USD Point-in-time
Total Stockholders' Deficit StockholdersEquity $-3.76M USD Point-in-time
Total Liabilities and Stockholders' Deficit LiabilitiesAndStockholdersEquity $1.12M USD Point-in-time
Total Liabilities and Stockholders' Deficit LiabilitiesAndStockholdersEquity $1.31M USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Project ContractsRevenue $504.97K USD 1 Quarter
Project ContractsRevenue $229.12K USD 1 Quarter
Maintenance and technical support MaintenanceRevenue $607.88K USD 1 Quarter
Maintenance and technical support MaintenanceRevenue $597.13K USD 1 Quarter
IT asset management services TechnologyServicesRevenue $167.24K USD 1 Quarter
IT asset management services TechnologyServicesRevenue - USD 1 Quarter
Total Revenues Revenues $1.10M USD 1 Quarter
Total Revenues Revenues $1.00M USD 1 Quarter
Project CostOfServicesLicensesAndMaintenanceAgreements $141.08K USD 1 Quarter
Project CostOfServicesLicensesAndMaintenanceAgreements $334.50K USD 1 Quarter
Maintenance and technical support MaintenanceCosts $214.40K USD 1 Quarter
Maintenance and technical support MaintenanceCosts $267.58K USD 1 Quarter
IT asset management services TechnologyServicesCosts - USD 1 Quarter
IT asset management services TechnologyServicesCosts $77.76K USD 1 Quarter
Total Cost of Revenues CostOfRevenue $486.42K USD 1 Quarter
Total Cost of Revenues CostOfRevenue $548.89K USD 1 Quarter
GROSS PROFIT GrossProfit $517.83K USD 1 Quarter
GROSS PROFIT GrossProfit $553.21K USD 1 Quarter
Selling and marketing expenses SellingAndMarketingExpense $59.33K USD 1 Quarter
Selling and marketing expenses SellingAndMarketingExpense $86.04K USD 1 Quarter
Salaries, wages and contract labor SalariesAndWages $589.63K USD 1 Quarter
Salaries, wages and contract labor SalariesAndWages $886.17K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $49.84K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $55.49K USD 1 Quarter
Professional Fees ProfessionalFees $90.31K USD 1 Quarter
Professional Fees ProfessionalFees $77.23K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $128.64K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $180.28K USD 1 Quarter
Total Operating Expenses OperatingCostsAndExpenses $1.29M USD 1 Quarter
Total Operating Expenses OperatingCostsAndExpenses $917.74K USD 1 Quarter
LOSS FROM OPERATIONS OperatingIncomeLoss $-364.53K USD 1 Quarter
LOSS FROM OPERATIONS OperatingIncomeLoss $-767.38K USD 1 Quarter
Interest expense InterestExpenseOther $72.31K USD 1 Quarter
Interest expense InterestExpenseOther $391.09K USD 1 Quarter
Gain on settlement of accounts payable GainLossRelatedToLitigationSettlement - USD 1 Quarter
Gain on settlement of accounts payable GainLossRelatedToLitigationSettlement $3.20K USD 1 Quarter
Other income, net OtherNonoperatingIncome $1.31K USD 1 Quarter
Other income, net OtherNonoperatingIncome $1.00 USD 1 Quarter
Total Other Income (Expense) OtherNonoperatingIncomeExpense $-387.89K USD 1 Quarter
Total Other Income (Expense) OtherNonoperatingIncomeExpense $-71.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $-838.38K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $-752.42K USD 1 Quarter
Income tax FranchiseCosts - USD 1 Quarter
Income tax FranchiseCosts - USD 1 Quarter
NET LOSS NetIncomeLoss $-838.38K USD 1 Quarter
NET LOSS NetIncomeLoss $-752.42K USD 1 Quarter
Preferred stock dividends PreferredStockDividendsAndOtherAdjustments - USD 1 Quarter
Preferred stock dividends PreferredStockDividendsAndOtherAdjustments - USD 1 Quarter
Net loss applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $-838.38K USD 1 Quarter
Net loss applicable to common stock NetIncomeLossAvailableToCommonStockholdersBasic $-752.42K USD 1 Quarter
Basic EarningsPerShareBasic $-0.01 USD 1 Quarter
Basic EarningsPerShareBasic $-0.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.01 USD 1 Quarter
Basic WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation 65.66M shares 1 Quarter
Basic WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation 57.74M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 65.66M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 57.74M shares 1 Quarter
Cash Flow Statement 76 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-838.38K USD 1 Quarter
Net Loss NetIncomeLoss $-752.42K USD 1 Quarter
Depreciation and amortization Depreciation $12.10K USD 1 Quarter
Depreciation and amortization Depreciation $12.60K USD 1 Quarter
Gain on settlement of accounts payable GainOnSettlementOfAccountsPayable - USD 1 Quarter
Gain on settlement of accounts payable GainOnSettlementOfAccountsPayable $3.20K USD 1 Quarter
Stock and warrants issued for services IssuanceOfStockAndWarrantsForServicesOrClaims $95.04K USD 1 Quarter
Stock and warrants issued for services IssuanceOfStockAndWarrantsForServicesOrClaims - USD 1 Quarter
Loss on conversion of notes payable included in interest expense LossOnSettlementOfDebt - USD 1 Quarter
Loss on conversion of notes payable included in interest expense LossOnSettlementOfDebt $352.09K USD 1 Quarter
Amortization of stock based prepaid consulting fees OtherAmortizationOfDeferredCharges $198.07K USD 1 Quarter
Amortization of stock based prepaid consulting fees OtherAmortizationOfDeferredCharges - USD 1 Quarter
Loss related to warrants exchanged for stock InterestRelatedToWarrantsExchangedForStock $630.00 USD 1 Quarter
Loss related to warrants exchanged for stock InterestRelatedToWarrantsExchangedForStock - USD 1 Quarter
Accounts receivable IncreaseDecreaseInReceivables $-314.80K USD 1 Quarter
Accounts receivable IncreaseDecreaseInReceivables $580.74K USD 1 Quarter
Costs and estimated earnings on uncompleted contracts CostsAndEstimatedEarningsOnProjects $74.62K USD 1 Quarter
Costs and estimated earnings on uncompleted contracts CostsAndEstimatedEarningsOnProjects $13.18K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpense $45.34K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpense $67.02K USD 1 Quarter
Accounts payable IncreaseDecreaseInOtherAccountsPayable $333.67K USD 1 Quarter
Accounts payable IncreaseDecreaseInOtherAccountsPayable $118.52K USD 1 Quarter
Accounts payable-related party IncreaseDecreaseInAccountsPayableRelatedParties $11.13K USD 1 Quarter
Accounts payable-related party IncreaseDecreaseInAccountsPayableRelatedParties $-9.27K USD 1 Quarter
Interest from premium accretion on convertible notes InterestFromPremiumAccretionOnConvertibleNotes - USD 1 Quarter
Interest from premium accretion on convertible notes InterestFromPremiumAccretionOnConvertibleNotes $-10.38K USD 1 Quarter
Payroll taxes payable IncreaseDecreaseInEmployeeRelatedLiabilities $-34.52K USD 1 Quarter
Payroll taxes payable IncreaseDecreaseInEmployeeRelatedLiabilities $160.15K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $54.32K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $77.11K USD 1 Quarter
Billings in excess of costs and earnings on uncompleted contracts IncreaseDecreaseInAccruedInterestReceivableNet $-714.04K USD 1 Quarter
Billings in excess of costs and earnings on uncompleted contracts IncreaseDecreaseInAccruedInterestReceivableNet $-116.98K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-298.89K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-256.54K USD 1 Quarter
Net Cash Used in Operating Activities NetCashProvidedByUsedInOperatingActivities $-294.81K USD 1 Quarter
Net Cash Used in Operating Activities NetCashProvidedByUsedInOperatingActivities $-91.25K USD 1 Quarter
Purchase of patents/trademarks PaymentsToAcquireIntangibleAssets $1.60K USD 1 Quarter
Purchase of patents/trademarks PaymentsToAcquireIntangibleAssets $70.00 USD 1 Quarter
Purchase of fixed assets PaymentsToAcquireLeaseReceivables $19.03K USD 1 Quarter
Purchase of fixed assets PaymentsToAcquireLeaseReceivables $1.90K USD 1 Quarter
Net Cash Used In Investing Activities NetCashProvidedByUsedInInvestingActivities $-19.10K USD 1 Quarter
Net Cash Used In Investing Activities NetCashProvidedByUsedInInvestingActivities $-3.50K USD 1 Quarter
Bank overdraft ProceedsFromRepaymentsOfBankOverdrafts $13.53K USD 1 Quarter
Bank overdraft ProceedsFromRepaymentsOfBankOverdrafts $3.60K USD 1 Quarter
Proceeds from related party notes ProceedsFromRelatedPartyDebt $118.50K USD 1 Quarter
Proceeds from related party notes ProceedsFromRelatedPartyDebt $50.00K USD 1 Quarter
Repayments of related party notes RepaymentsOfRelatedPartyDebt - USD 1 Quarter
Repayments of related party notes RepaymentsOfRelatedPartyDebt $41.18K USD 1 Quarter
Proceeds (repayments) of insurance and equipment financing RepaymentsOfInsuranceAndEquipmentFinancing $34.46K USD 1 Quarter
Proceeds (repayments) of insurance and equipment financing RepaymentsOfInsuranceAndEquipmentFinancing $-10.00K USD 1 Quarter
Proceeds (repayments) of notes payable ProceedsFromRepaymentsOfNotesPayable $-7.50K USD 1 Quarter
Proceeds (repayments) of notes payable ProceedsFromRepaymentsOfNotesPayable $71.09K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-29.54K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $213.13K USD 1 Quarter
Net decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-85.19K USD 1 Quarter
Net decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-139.88K USD 1 Quarter
Cash, beginning of period OtherCashEquivalentsAtCarryingValue $85.44K USD Point-in-time
Cash, beginning of period OtherCashEquivalentsAtCarryingValue $140.13K USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $250.00 USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $250.00 USD Point-in-time
Interest paid InterestPaid $22.13K USD 1 Quarter
Interest paid InterestPaid $5.97K USD 1 Quarter
Interest paid InterestPaid $3.23K USD Point-in-time
Taxes paid IncomeTaxesPaid $800.00 USD 1 Quarter
Taxes paid IncomeTaxesPaid - USD 1 Quarter
Stock issued to convert convertible notes and accrued interest StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments $1.42M USD 1 Quarter
Stock issued to convert convertible notes and accrued interest StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments - USD 1 Quarter
Common stock issued for prepaid consulting services StockIssuedDuringPeriodValueIssuedForServices - USD 1 Quarter
Common stock issued for prepaid consulting services StockIssuedDuringPeriodValueIssuedForServices $5.00K USD Point-in-time
Common stock issued for prepaid consulting services StockIssuedDuringPeriodValueIssuedForServices $273.60K USD 1 Quarter
Common stock issued to settle accounts payable CommonStockIssuedToSettleAccountsPayable $16.80K USD 1 Quarter
Common stock issued to settle accounts payable CommonStockIssuedToSettleAccountsPayable - USD 1 Quarter
Write-off balance of put premium liability related to convertible notes DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts $37.12K USD 1 Quarter
Write-off balance of put premium liability related to convertible notes DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts - USD 1 Quarter
Note issued for financing of insurance premiums NotesIssued1 - USD 1 Quarter
Note issued for financing of insurance premiums NotesIssued1 $123.58K USD 1 Quarter

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

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