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

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

NOTE 4 – PROPERTY AND EQUIPMENT

The major classes of property and equipment are as follow at December 31, 2021 and 2020:

Major classes of property and equipment
	December 31,			December 31,
	2021			2020
Furniture, fixtures and equipment	$	1,264,001		$	1,569,328
Less: Accumulated depreciation		(660,748	)		(1,227,148	)
Furniture, fixtures and equipment, Net	$	603,253		$	342,180

Depreciation expense in 2021 and 2020 was $269,978 and $197,146, respectively.