Duos Technologies Group Inc. (DUOT) Financial Statements (2024 and earlier)

Company Profile

Business Address 7660 CENTURION PARKWAY
JACKSONVILLE, FL 32256
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4423,2672,4524,3411,1214,965
Cash and cash equivalents2,4423,2672,4524,3411,1214,965
Receivables1,4622592877173,4182,234
Inventory, net of allowances, customer advances and progress billings1,5261,5261,5451,5301,428694
Inventory1,5261,5261,5451,5301,428694
Contract with customer, asset, after allowance for credit loss6421,3471,0071,426426824
Other undisclosed current assets184356497532441651
Total current assets:6,2576,7545,7878,5476,8359,369
Noncurrent Assets
Operating lease, right-of-use asset4,3734,4554,5354,6134,6904,727
Property, plant and equipment727555610580629696
Long-term investments and receivables154152    
Accounts and financing receivable, after allowance for credit loss154152    
Intangible assets, net (including goodwill)12912193757079
Intangible assets, net (excluding goodwill)12912193757079
Deferred costs  79458045426586
Other undisclosed noncurrent assets1,203550701600600600
Total noncurrent assets:6,5856,6276,5176,3226,2546,187
TOTAL ASSETS:12,84213,38112,30514,86813,08915,557
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7608951,0621,6502,7432,132
Accounts payable5966207601,2822,2901,650
Accrued liabilities164275302368453482
Deferred revenue1,6661,5892,4402,0679583,880
Debt4213825920597136
Deferred compensation liability     298 
Other undisclosed current liabilities779774770765399498
Total current liabilities:3,2473,3964,5304,6864,4966,646
Noncurrent Liabilities
Long-term debt and lease obligation:      4,618
Liabilities, other than long-term debt4,2294,3114,3904,4674,543 
Operating lease, liability4,2294,3114,3904,4674,5434,618
Other undisclosed noncurrent liabilities      (4,618)
Total noncurrent liabilities:4,2294,3114,3904,4674,5434,618
Total liabilities:7,4767,7078,9209,1539,03911,264
Equity
Equity, attributable to parent, including:5,3675,6743,3855,7154,0504,293
Common stock77777 
Treasury stock, value(157)(157)(157)(157)(157)(157)
Additional paid in capital69,12066,26761,03060,37156,56355,860
Accumulated deficit(63,604)(60,443)(57,495)(54,506)(52,362)(51,409)
Other undisclosed equity, attributable to parent00000 
Total equity:5,3675,6743,3855,7154,0504,293
TOTAL LIABILITIES AND EQUITY:12,84213,38112,30514,86813,08915,557

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues1,5261,5311,7702,6445,9344,022
Cost of revenue(1,222)(1,304)(1,529)(2,107)(3,790)(2,923)
Gross profit:3042272415372,1441,100
Operating expenses(3,484)(3,198)(3,390)(2,684)(3,104)(2,969)
Operating loss:(3,181)(2,971)(3,148)(2,147)(960)(1,869)
Nonoperating income (expense)202315938(56)
Other nonoperating income (expense)212516249(54)
Interest and debt expense(1)(1)(3)(1)(1)(2)
Loss from continuing operations:(3,162)(2,949)(2,993)(2,145)(954)(1,927)
Loss before gain (loss) on sale of properties:(1,927)
Other undisclosed net income6,323  192
Net income (loss):3,161(2,949)(2,993)(2,144)(944)(1,925)
Other undisclosed net income (loss) attributable to parent(6,322)13 (8) 
Net loss available to common stockholders, diluted:(3,161)(2,948)(2,989)(2,144)(952)(1,925)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):3,161(2,949)(2,993)(2,144)(944)(1,925)
Comprehensive income (loss), net of tax, attributable to parent:3,161(2,949)(2,993)(2,144)(944)(1,925)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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