Duos Technologies Group, Inc. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

NOTE 5 - PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

NOTE 5 PROPERTY AND EQUIPMENT

	As of
	September 30, 2012		December 31, 2011
Computer software (developed)		$36,022		$36,022
Computer software (purchased)		590		590
Web site development		10,072		10,072
Furniture, fixtures, and equipment		40,111		40,712
Leasehold improvements		1,664		1,664
		88,459		89,060
Less accumulated depreciation and amortization		69,614		36,560
	$	18,845	$	52,500

Depreciation and amortization expense for property and equipment was $33,054 and $12,664 for the nine months ended September 30, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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