Duos Technologies Group, Inc. General form of registration statement for all companies including face-amount certificate companies

REVENUE (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

At March 31, 2021 and December 31, 2020, contract assets on uncompleted contracts consisted of the following:

	March 31, 2021			December 31. 2020
Costs and estimated earnings recognized	$	1,679,930		$	4,152,850
Less: Billings or cash received		(1,642,364	)		(4,050,392	)
Contract assets	$	37,566		$	102,458

At March 31, 2021 and December 31, 2020, contract liabilities on uncompleted contracts consisted of the following:

	March 31, 2021			December 31. 2020
Billings and/or cash receipts on uncompleted contracts	$	2,530,216		$	2,978,007
Less: Costs and estimated earnings recognized		(2,364,183	)		(2,268,454	)
Contract liabilities	$	166,033		$	709,553

Quantitative:

For the Three Months Ended March 31, 2021

Segments	Rail		Commercial		Government		Banking		IT Suppliers		Artificial Intelligence		Total
Primary Geographical Markets

North America	$	1,757,446	$	55,842	$	28,560	$	22,829	$	132,977	$	157,100	$	2,154,754

Major Goods and Service Lines

Turnkey Projects	$	1,323,322	$	—	$	8,339	$	1,537	$	—	$	—	$	1,333,198
Maintenance & Support		434,124		55,842		20,221		21,292		—		—		531,479
Data Center Auditing Services		—		—		—		—		130,592		—		130,592
Software License		—		—		—		—		2,385		—		2,385
Algorithms		—		—		—		—		—		157,100		157,100
	$	1,757,446	$	55,842	$	28,560	$	22,829	$	132,977	$	157,100	$	2,154,754

Timing of Revenue Recognition

Goods transferred over time	$	1,323,322	$	—	$	8,339	$	1,537	$	132,977	$	157,100	$	1,623,275
Services transferred over time		434,124		55,842		20,221		21,292		—		—		531,479
	$	1,757,446	$	55,842	$	28,560	$	22,829	$	132,977	$	157,100	$	2,154,754

For the Three Months Ended March 31, 2020

Segments	Rail		Commercial		Government		Banking		IT Suppliers		Total
Primary Geographical Markets

North America	$	713,258	$	74,335	$	27,149	$	44,119	$	132,084	$	990,945

Major Goods and Service Lines

Turnkey Projects	$	481,110	$	8,622	$	—	$	23,942	$	—	$	513,674
Maintenance & Support		232,148		65,713		27,149		20,177		—		345,187
Data Center Auditing Services		—		—		—		—		129,699		129,699
Software License		—		—		—		—		2,385		2,385
	$	713,258	$	74,335	$	27,149	$	44,119	$	132,084	$	990,945

Timing of Revenue Recognition

Goods transferred over time	$	481,110	$	8,622	$	—	$	23,942	$	132,084	$	645,758
Services transferred over time		232,148		65,713		27,149		20,177		—		345,187
	$	713,258	$	74,335	$	27,149	$	44,119	$	132,084	$	990,945

For the Year Ended December 31, 2020


Segments	Rail		Commercial		Petrochemical			Government		Banking		IT Suppliers		Artificial Intelligence		Total
Primary Geographical Markets
North America	$	5,558,405	$	298,705	$	23,951		$	687,293	$	188,819	$	273,604	$	1,008,671	$	8,039,448

Major Goods and Service Lines
Turnkey Projects	$	4,131,155	$	59,616	$	33,363		$	599,481	$	132,515	$		$		$	4,956,130
Technical Support		1,427,250		239,089		(9,412	)		87,812		56,304						1,801,043
Data Center Auditing Services													266,449				266,449
Software License													7,155				7,155
Algorithms															1,008,671		1.008,671
	$	5,558,405	$	298,705	$	23,951		$	687,293	$	188,819	$	273,604	$	1,008,671	$	8,039,448

Timing of Revenue Recognition
Goods transferred over time	$	4,131,155	$	59,616	$	33,363		$	599,481	$	132,515	$	273,604	$	1,008,671	$	6,238,405
Services transferred over time		1,427,250		239,089		(9,412	)		87,812		56,304						1,801,043
	$	5,558,405	$	298,705	$	23,951		$	687,293	$	188,819	$	273,604	$	1,008,671	$	8,039,448

For the Year Ended December 31, 2019


Segments	Rail		Commercial			Petrochemical			Government			Banking			IT Suppliers			Total
Primary Geographical Markets
North America	$	11,201,794		$	465,782		$	99,841		$	201,659		$	1,371,821		$	300,418		$	13,641,315

Major Goods and Service Lines
Turnkey Projects	$	10,020,318		$	422,230		$	70,545		$	88,723		$	1,361,622		$			$	11,963,438
Maintenance & Support		1,181,476			43,552			29,296			112,936			10,199						1,377,459
Data Center Auditing Services																	246,658			246,658
Software License																	53,760			53,760
	$	11,201,794		$	465,782		$	99,841		$	201,659		$	1,371,821		$	300,418		$	13,641,315

Timing of Revenue Recognition
Goods transferred over time	$	10,020,318		$	422,230		$	70,545		$	88,723		$	1,361,622		$	300,418		$	12,263,856
Services transferred over time		1,181,476			43,552			29,296			112,936			10,199						1,377,459
	$	11,201,794		$	465,782		$	99,841		$	201,659		$	1,371,821		$	300,418		$	13,641,315