Duos Technologies Group, Inc. Annual report pursuant to section 13 and 15(d)

Annual report pursuant to section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

NOTE 4 - PROPERTY AND EQUIPMENT


	As of December 31,
	2012		2011
Computer software (purchased)	$	590	$	590
Website development costs		10,072		10,072
Furniture, fixtures, and equipment		40,712		40,712
Leasehold improvements		1,664		1,664
		53,038		53,038
Less accumulated depreciation and amortization		34,732		27,555
	$	18,306	$	25,483

Depreciation expense was $7,177 and $9,453 for the years ended December 31, 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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