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

Annual report pursuant to section 13 and 15(d)

STOCK PURCHASE WARRANTS AND OPTIONS (Tables)

STOCK PURCHASE WARRANTS AND OPTIONS (Tables)

12 Months Ended

Dec. 31, 2013

STOCK PURCHASE WARRANTS AND OPTIONS [Abstract]

Following is a summary of warrants for Class A common shares outstanding:


	December 31, 2013				December 31, 2012
	Shares		Weighted Avg Exercise Price		Shares		Weighted Avg Exercise Price
Outstanding at beginning of year		19,860,000	$	0.031		14,700,000	$	0.033
Granted		9,999,375	$	0.012		13,410,000	$	0.020
Exercised		-		-		-		-
Forfeited		-		-		8,250,000	$	0.031
Expired		-		-		-		-
Outstanding at end of year		29,859,375	$	0.031		19,860,000	$	0.031
Exercisable at end of year		29,859,375	$	0.031		19,860,000	$	0.031

Weighted average grant date fair value			$	0.016			$	0.016
Weighted average remaining contractual term				3.02				3.77

Schedule of Stock Option Activity

Following is a summary of options outstanding:


	December 31, 2013				December 31, 2012
	Shares		Weighted Avg Exercise Price		Shares		Weighted Avg Exercise Price
Outstanding at beginning of year		350,000	$	0.035		-		-
Granted		650,000	$	0.020		350,000	$	0.035
Exercised		-		-		-		-
Forfeited		-		-		-		-
Expired		-		-		-		-
Outstanding at end of year		1,000,000	$	0.030		350,000	$	0.035
Exercisable at end of year		100,000	$	0.035		100,000	$	0.035

Weighted average grant date fair value			$	0.03			$	0.04
Weighted average remaining contractual term				4.11				4.59

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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