Duos Technologies Group, Inc. (DUOT) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8943,969561,2091,942174140
Cash and cash equivalents8943,969561,2091,942174140
Receivables1,7391,2452,6121,539298257452
Inventory, net of allowances, customer advances and progress billings298      
Inventory298      
Prepaid expense    91136165
Contract with customer, asset31021,3761,209
Intangible current assets   80   
Costs in excess of billings424  
Other current assets     477421
Other undisclosed current assets355487717155   
Total current assets:3,2895,8034,7604,1922,7551,0441,179
Noncurrent Assets
Operating lease, right-of-use asset4,926196430
Property, plant and equipment603342260204656673
Intangible assets, net (including goodwill)6664625446  
Intangible assets, net (excluding goodwill)6664625446  
Other undisclosed noncurrent assets600 2040 5157
Total noncurrent assets:6,196603772298111118130
TOTAL ASSETS:9,4846,4065,5324,4902,8661,1621,308
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6631,6373,0351,9574971,218956
Accounts payable1,0455992,6411,4178138431,062
Accrued liabilities6181,038393222   
Employee-related liabilities   318 400244
Other undisclosed accounts payable and accrued liabilities    (315)(25)(351)
Deferred revenue597315936
Debt133760327481588753
Deferred compensation liability506797 169304894776
Derivative instruments and hedges, liabilities     793 
Due to related parties 8131313578487
Deferred revenue and credits439  
Contract with customer, liability2,249
Other undisclosed current liabilities1,0421181,0572257941,6062,795
Total current liabilities:3,9403,6365,3684,6612,2055,1775,067
Noncurrent Liabilities
Long-term debt and lease obligation4,763886292  1,207 
Long-term debt, excluding current maturities 783   1,207 
Finance lease, liability2310389
Operating lease, liability4,740 203
Liabilities, other than long-term debt    39  
Due to related parties    39  
Other undisclosed noncurrent liabilities(4,740)      
Total noncurrent liabilities:4,763886292 391,207 
Total liabilities:8,7034,5225,6604,6612,2446,3835,067
Temporary equity, carrying amount     302 
Stockholders' equity
Stockholders' equity attributable to parent, including:7811,884(127)(171)623(5,523)(3,759)
Common stock      65
Treasury stock, value(157)(157)(157)(149)(148)(148) 
Additional paid in capital46,43641,52932,77130,24826,62918,14417,128
Accumulated deficit(45,497)(39,488)(32,741)(30,270)(28,689)(23,519)(20,951)
Other undisclosed stockholders' equity attributable to parent    2,830  
Total stockholders' equity:7811,884(127)(171)623(5,523)(3,759)
TOTAL LIABILITIES AND EQUITY:9,4846,4065,5324,4902,8661,1621,308

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,2608,03913,64112,0493,8856,1056,768
Revenue, net1,8843,2003,759
Cost of revenue(10,819)(5,253)(7,160)(6,844)(2,295)(1,581)(2,052)
Cost of goods and services sold(93)   (1,488)(2,732)(3,196)
Other undisclosed gross profit     (1,152)(1,144)
Gross profit:(2,559)2,7866,4815,2041,5903,3723,572
Operating expenses(4,898)(9,421)(8,888)(6,774)(5,034)(5,117)(5,799)
Other undisclosed operating loss    (0)  
Operating loss:(7,457)(6,634)(2,407)(1,570)(3,443)(1,744)(2,227)
Nonoperating income (expense)1,448(113)(64)(11)(1,709)(818)99
Other nonoperating income (expense)1,4683756(1,709)(818)99
Interest and debt expense(20)(150)(69)(17)427 744
Loss from continuing operations before income taxes:(6,029)(6,898)(2,540)(1,598)(4,726)(2,562)(1,384)
Income tax benefit     963875
Loss before gain (loss) on sale of properties:(6,029)(6,898)(2,540)(1,598)(4,726)(1,598)(510)
Other undisclosed net income (loss)201506917(427)(963)(1,816)
Net loss attributable to parent:(6,009)(6,747)(2,471)(1,581)(5,152)(2,562)(2,326)
Preferred stock dividends and other adjustments    (18)(6) 
Net loss available to common stockholders, diluted:(6,009)(6,747)(2,471)(1,581)(5,170)(2,568)(2,326)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(6,009)(6,747)(2,471)(1,581)(5,152)(2,562)(2,326)
Comprehensive loss, net of tax, attributable to parent:(6,009)(6,747)(2,471)(1,581)(5,152)(2,562)(2,326)

Statements sources

The financial statements are based on the company's filings with the 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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