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

Quarterly report pursuant to Section 13 or 15(d)

NOTE 9 - COMMON STOCK PURCHASE WARRANTS

NOTE 9 - COMMON STOCK PURCHASE WARRANTS

9 Months Ended

Sep. 30, 2015

Other Liabilities Disclosure [Abstract]

NOTE 9 - COMMON STOCK PURCHASE WARRANTS

NOTE 9 – COMMON STOCK PURCHASE WARRANTS

Warrants

The following is a summary of activity for warrants to purchase common stock for the three months ending September 30, 2015:

	September 30, 2015
	Shares			Weighted Avg. Exercise Price
Assumed in merger on April 1, 2015		82,966		$	4.00
Warrants issued with debt or debt modifications		585,715		$	.36
Warrants exchanged for common stock		(54,000	)	$	5.59
Outstanding at end of period		614,681		$	3.32
Exercisable at end of period		614,681		$	3.32

During 2015, warrants for 501,201 common shares were issued for debt extension, warrants for 28,571 common shares were issued with debt and warrants for 55,943 common shares were issued with debt.

In 2015 through September 30, 2015, 54,000 warrants were exchanged for 34,350 common shares resulting in a loss on settlement of $3,082 charged to operations.

- 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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