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

3 Months Ended

Mar. 31, 2017

Other Liabilities Disclosure [Abstract]

NOTE 8 - 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 ended March 31, 2017:


	March 31, 2017
	Number of Warrants			Weighted Avg. Exercise Price		Remaining Contractual Life (Years)
Outstanding at the beginning of the year		218,764		$	8.40		4.6
Warrants expired		(375	)		233.45
Warrants issued with debt		194,887			5.25		4.9
Outstanding at end of period		413,276			7.00		4.6
Exercisable at end of period		413,276		$	7.00		4.6

During the first quarter of 2017, 194,888 warrants were issued with the Securities Purchase Agreement and the amended Placement Agent Agreement. During the same period, 375 warrants expired.

- 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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