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

General form of registration statement for all companies including face-amount certificate companies

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
- NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

CONTRACT ACCOUNTING (Tables)

CONTRACT ACCOUNTING (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of contract billings
	2021			2020
Costs and estimated earnings recognized	$	5,266,930		$	4,152,850
Less: Billings or cash received		(5,263,481	)		(4,050,392	)
Contract Assets	$	3,449		$	102,458

Contract Liabilities

Contract liabilities on uncompleted contracts represent billings and/or cash received that exceed accumulated revenues recognized on uncompleted contracts accounted for under the percentage of completion contract method.

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

	2021			2020
Billings and/or cash receipts on uncompleted contracts	$	4,473,726		$	2,978,007
Less: Costs and estimated earnings recognized		(3,041,088	)		(2,268,454	)
Contract Liabilities	$	1,232,638		$	709,553