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, 2011

NOTE 4 – PROPERTY AND EQUIPMENT

	2011			2010
Computer software (developed for internal use)	$	36,022		$	162,346
Computer software (purchased)		590			590
Web site development		10,072			10,072
Furniture, fixtures, and equipment		40,712			27,752
Leasehold improvements		1,664			—

		89,060			200,760
Less accumulated depreciation and amortization		(36,560	)		181,076
Property and equipment (net)	$	52,500		$	19,684

Depreciation and amortization expense	$	18,729		$	156,309

- 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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