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

NOTE 17 - FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2017

The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016:


	Balance at December 31, 2016		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Liabilities:
Fair value of liability for warrant derivative instruments	$	793,099	$	—	$	—	$	793,099

Balance at

December 31,

2017

Quoted Prices in Active Markets for Identical Assets

Significant Other Observable Inputs

Significant

Unobservable Inputs

(Level 1)

(Level 2)

(Level 3)

Liabilities:

Fair value of liability for warrant derivative instruments

—

The following is a roll forward through December 31, 2017 of the fair value liability of warrant derivative instruments:


	Fair Value of
	Liability for
	Warrant
	Derivative
	Instruments
Balance at December 31, 2015	$	—
Initial fair value of warrant liability included in expense ($217,980) and debt discount ($529,000)		746,980
Change in fair value included in other (income) expense		46,119
Balance at December 31, 2016		793,099

Initial fair value of warrant liability		2,046,347
Gain on change in fair value included in Other Income and Expense		(2,743,686	)
Balance at final valuation and written off to Additional Paid In Capital		(95,760	)
Balance at December 31, 2017	$	—