Duos Technologies Group, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

REVENUES AND CONTRACT ACCOUNTING (Tables)

REVENUES AND CONTRACT ACCOUNTING (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2023

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule Of Contract Assets On Uncompleted Contracts


		March 31, 2023				December 31, 2022
Cumulative revenues recognized		$	7,144,602			$	5,934,205
Less: Billings or cash received			(5,718,290	)			(5,508,483	)
Contract assets		$	1,426,312			$	425,722


		2022				2021
Cumulative revenues recognized		$	5,934,205			$	5,266,930
Less: Billings or cash received			(5,508,483	)			(5,263,481	)
Contract Assets		$	425,722			$	3,449

Schedule of Contract Liabilities on Uncompleted Contracts


		March 31, 2023				December 31, 2022
Billings and/or cash receipts on uncompleted contracts		$	323,207			$	4,355,470
Less: Cumulative revenues recognized			(262,988	)			(4,144,018	)
Contract liabilities, technology systems			60,219				211,452
Contract liabilities, services and consulting			2,006,642				746,545
Total contract liabilities		$	2,066,861			$	957,997


		2022				2021
Billings and/or cash receipts on uncompleted contracts		$	4,355,470			$	4,473,726
Less: Cumulative revenues			(4,144,018	)			(3,041,088	)
Contract liabilities, technology systems		$	211,452			$	1,232,638
Contract Liabilities, services and consulting			746,545				596,673
Total Contract Liabilities		$	957,997			$	1,829,311

Schedule of Disaggregation of Revenue

Schedule of Disaggregation of Revenue
Segments		Rail				Commercial				Government				Artificial Intelligence				Total
Primary Geographical Markets

North America		$	2,376,449			$	28,831			$	11,353			$	227,655			$	2,644,288

Major Goods and Service Lines

Turnkey Projects		$	1,827,764			$	—			$	—			$	—			$	1,827,764
Maintenance and Support			548,685				28,831				11,353				—				588,869
Algorithms			—				—				—				227,655				227,655
		$	2,376,449			$	28,831			$	11,353			$	227,655			$	2,644,288

Timing of Revenue Recognition

Goods transferred over time		$	1,827,764			$	—			$	—			$	—			$	1,827,764
Services transferred over time			548,685				28,831				11,353				227,655				816,524
		$	2,376,449			$	28,831			$	11,353			$	227,655			$	2,644,288

For the Three Months Ended March 31, 2022

Segments		Rail				Commercial				Government				Artificial Intelligence				Total
Primary Geographical Markets

North America		$	1,007,273			$	17,300			$	152,142			$	262,601			$	1,439,316

Major Goods and Service Lines

Turnkey Projects		$	520,657			$	(498	)		$	131,921			$	—			$	652,080
Maintenance and Support			486,616				17,798				20,221				131,412				656,047
Algorithms			—				—				—				131,189				131,189
		$	1,007,273			$	17,300			$	152,142			$	262,601			$	1,439,316

Timing of Revenue Recognition

Goods transferred over time		$	520,657			$	(498	)		$	131,921			$	—			$	652,080
Goods delivered at point in time		$	—				—				—				131,189				131,189
Services transferred over time			486,616				17,798				20,221				131,412				656,047
		$	1,007,273			$	17,300			$	152,142			$	262,601			$	1,439,316

Schedule of Disaggregation of Revenue
Segments		Rail				Commercial				Petrochemical				Government				Banking/Other				IT Suppliers				Artificial Intelligence				Total
Primary Geographical Markets
North America		$	13,710,777			$	115,443			$	—			$	237,414			$	—			$	—			$	948,732			$	15,012,366

Major Goods and Service Lines
Turnkey Projects		$	10,789,693			$	9,297			$	—			$	156,530			$	—			$	—			$	234,772			$	11,190,292
Maintenance & Support			2,921,084				106,146				—				80,884				—				—				—				3,108,114
Data Center Auditing Services			—				—				—				—				—				—				—				—
Software License			—				—				—				—				—				—				—				—
Algorithms			—				—				—				—				—				—				713,960				713,960
		$	13,710,777			$	115,443			$	—			$	237,414			$	—			$	—			$	948,732			$	15,012,366

Timing of Revenue Recognition
Goods transferred over time		$	10,789,693			$	9,297			$	—			$	156,530			$	—			$	—			$	234,772			$	11,190,292
Services transferred over time			2,921,084				106,146				—				80,884				—				—				713,960				3,822,074
		$	13,710,777			$	115,443			$	—			$	237,414			$	—			$	—			$	948,732			$	15,012,366

Quantitative:

For the Year Ended December 31, 2021

Segments		Rail				Commercial				Petrochemical				Government				Banking				IT Suppliers				Artificial Intelligence				Total
Primary Geographical Markets
North America		$	6,883,670			$	213,517			$	(867	)		$	314,030			$	23,340			$	134,717			$	691,510			$	8,259,917

Major Goods and Service Lines
Turnkey Projects		$	5,255,491			$	27,831			$	—			$	233,145			$	1,537			$	—			$	—			$	5,518,004
Maintenance & Support			1,628,179				185,686				(867	)			80,885				21,803				—				341,915				2,257,601
Data Center Auditing Services			—				—				—				—				—				131,537				—				131,537
Software License			—				—				—				—				—				3,180				—				3,180
Algorithms			—				—				—				—				—				—				349,595				349,595
		$	6,883,670			$	213,517			$	(867	)		$	314,030			$	23,340			$	134,717			$	691,510			$	8,259,917

Timing of Revenue Recognition
Goods transferred over time		$	5,255,491			$	27,831			$	—			$	233,145			$	1,537			$	131,537			$	349,595			$	5,999,136
Services transferred over time			1,628,179				185,686				(867	)			80,885				21,803				3,180				341,915				2,260,781
		$	6,883,670			$	213,517			$	(867	)		$	314,030			$	23,340			$	134,717			$	691,510			$	8,259,917