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

NOTE 3 - PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2014

NOTE 3 – PROPERTY AND EQUIPMENT

The Company has total Property and Equipment as follows:

	September 30, 2014		December 31, 2013
Computer software (purchased)	$	590	$	590
Website development costs		10,072		10,072
Furniture, fixtures, and equipment		39,535		40,712
Leasehold improvements		1,664		1,664
		51,861		53,038
Less accumulated depreciation and amortization		(42,933)		(40,447)
	$	8,928	$	12,591

Depreciation expense of $3,134 and $4,287 was recorded for the nine months ended September 30, 2014 and 2013, respectively.