Duos Technologies Group, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

INCOME TAXES (Tables)

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of difference between income taxes at effective statutory rate and provision for income taxes

Schedule of difference between income taxes at effective statutory rate and provision for income taxes
		Years Ended December 31,
		2024				2023
Income tax benefit at U.S. statutory rate of 21%		$	(2,260,536	)		$	(2,360,761	)
State income taxes			(387,520	)			(404,702	)
Non-deductible expenses			164,156				271,648
Change in valuation allowance			2,483,901				2,493,815
Total provision for income tax		$	—			$	—

Schedule of net deferred tax assets

Schedule of net deferred tax assets
		December 31,
		2024				2023
Deferred Tax Asset (Liability):
Net operating loss carryforward		$	15,313,305			$	12,318,836
Intangible assets			(537,017	)			(84,823	)
Allowance for bad debt			(58,375	)			—
Gross deferred tax assets			14,717,913				12,234,013
Valuation allowance			(14,717,913	)			(12,234,013	)
Net deferred tax assets		$	—			$	—