Duos Technologies Group, Inc. Annual report pursuant to Section 13 and 15(d)

NOTE 17 – FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2016:


	Balance at December 31, 2016		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Liabilities:
Fair value of liability for warrant derivative instruments	$	793,099	$	—	$	—	$	793,099

The following is a roll forward through December 31, 2016 of the fair value liability of warrant derivative instruments:


	Fair Value of
	Liability for
	Warrant
	Derivative
	Instruments
Balance at December 31, 2015	$	—
Initial fair value of warrant liability included in expense ($217,980) and debt discount ($529,000)		746,980
Change in fair value included in other (income) expense		46,119
Balance at December 31, 2016	$	793,099