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

Quarterly report pursuant to Section 13 or 15(d)

NOTE 8 - LINE OF CREDIT

NOTE 8 - LINE OF CREDIT	3 Months Ended
Mar. 31, 2015
Note 8 - Line Of Credit
NOTE 8 - LINE OF CREDIT	NOTE 8 – LINE OF CREDIT Line of Credit: The Company has a line of credit with Wells Fargo Bank. The line of credit provides for borrowings up to $40,000. The balance as of March 31, 2015 and December 31, 2014 was $40,251 and $37,996 respectively. This line of credit has no maturity date. The annual interest rate is the Prime Rate plus 8%. The CEO of the Company is the personal guarantor.

NOTE 8 - LINE OF CREDIT

3 Months Ended

Mar. 31, 2015

Note 8 - Line Of Credit

NOTE 8 - LINE OF CREDIT

NOTE 8 – LINE OF CREDIT

Line of Credit:

The Company has a line of credit with Wells Fargo Bank. The line of credit provides for borrowings up to $40,000. The balance as of March 31, 2015 and December 31, 2014 was $40,251 and $37,996 respectively. This line of credit has no maturity date. The annual interest rate is the Prime Rate plus 8%. The CEO of the Company is the personal guarantor.