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

REVENUE (Tables)

3 Months Ended

Mar. 31, 2022


	March 31, 2022			December 31, 2021
Cumulative revenues recognized	$	348,826		$	5,266,930
Less: Billings or cash received		(81,154	)		(5,263,481	)
Contract assets	$	267,672		$	3,449


	March 31, 2022			December 31, 2021
Billings and/or cash receipts on uncompleted contracts	$	2,243,607		$	4,273,726
Less: Cumulative revenues recognized		(1,387,734	)		(3,041,088	)
Contract liabilities, technologies systems		855,873			1,232,638
Contract liabilities, services and consulting		1,508,145			596,673
Total contract liabilities	$	2,364,018		$	1,829,311

Disaggregation of Revenue
Segments	Rail		Commercial			Government		Artificial Intelligence		Total
Primary Geographical Markets

North America	$	1,007,273	$	17,300		$	152,142	$	262,601	$	1,439,316

Major Goods and Service Lines

Turnkey Projects	$	520,657	$	(498	)	$	131,921	$	—	$	652,080
Maintenance and Support		486,616		17,798			20,221		131,412		656,047
Software License		—		—			—		—		—
Algorithms		—		—			—		131,189		131,189
	$	1,007,273	$	17,300		$	152,142	$	262,601	$	1,439,316

Timing of Revenue Recognition

Goods transferred over time	$	520,657	$	(498	)	$	131,921	$	—	$	652,080
Goods delivered at point in time		—		—			—		131,189		131,189
Services transferred over time		486,616		17,798			20,221		131,412		656,047
	$	1,007,273	$	17,300		$	152,142	$	262,601	$	1,439,316

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 and 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	$	—	$	1,466,175
Goods delivered point in time		—		—		—		—		—		157,100		157,100
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