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

Annual report pursuant to Section 13 and 15(d)

NOTE 6 - DEBT (Narrative) (Details)

NOTE 6 - DEBT (Narrative) (Details) - USD ($)										1 Months Ended													3 Months Ended			10 Months Ended	12 Months Ended
NOTE 6 - DEBT (Narrative) (Details) - USD ($)	Dec. 03, 2016	Aug. 11, 2016	Jul. 15, 2016	Apr. 02, 2016	Jan. 11, 2016	Aug. 10, 2015	Apr. 08, 2015	Mar. 03, 2015	Dec. 12, 2013	Feb. 02, 2017	Dec. 20, 2016	Oct. 23, 2016	Jul. 19, 2016	Mar. 31, 2016	Jan. 28, 2016	Jan. 24, 2016	Nov. 30, 2015	Oct. 28, 2015	Sep. 30, 2015	Apr. 30, 2015	Mar. 31, 2015	Jan. 29, 2015	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 23, 2016	Sep. 30, 2016	Jun. 30, 2016	Apr. 30, 2016	Feb. 03, 2016	Dec. 23, 2015	Sep. 15, 2015	Apr. 02, 2015	Mar. 10, 2015	May 28, 2008
Notes payable outstanding balance																											$ 46,368	$ 44,024
Balance of interest Expense																					$ 352,093
Interest payment					$ 3,230																						$ 245,134	$ 59,398
Principal balance of convertible debenture																					$ 1,415,546
Senior secured and warrant exercisable securities, shares				200,000																							4,659,893	14,963				2,500,000
Warrant exercise price				$ 0.40																							$ 0.001	$ 0.001				$ 0.35
Fair value of the warrants																			$ 390,799					$ 390,799
Warrants issued to placement agent																											24,858,346	609,340
Total amount due to shareholder																											$ 40,136	$ 30,070
Third Party - Insurance Note 1 [Member]
Monthly installments of principal and interest												$ 2,229
Interest rate																																		9.75%
Notes payable outstanding balance																											25,075	21,325	$ 25,075					$ 21,325
Third Party - Insurance Note 2 [Member]
Monthly installments of principal and interest			$ 1,678
Interest rate																														10.00%					9.75%
Notes payable outstanding balance																											9,861	11,277		$ 19,065					$ 18,823
Third Party - Insurance Note 2 [Member] \| Subsequent Event [Member]
Monthly installments of principal and interest																										$ 1,702
Third Party - Insurance Note 3 [Member]
Monthly installments of principal and interest	$ 12,818
Interest rate																																	8.05%
Notes payable outstanding balance																																	$ 123,571
Third Party - Insurance Note 4 [Member]
Interest rate																																				9.24%
Notes payable outstanding balance																											11,432	11,422								$ 65,000
Third Party - Insurance Note 4 [Member] \| Subsequent Event [Member]
Monthly installments of principal and interest										$ 5,782
CEO [Member]
Interest rate																																						9.00%
Notes payable outstanding balance																																						$ 65,000
Accrued interest balance																											49,231	43,381
CFO [Member]
Notes payable outstanding balance																											31,973	7,841								$ 8,783
Monthly interest rate															8.00%
Aggregate principal amount of note															$ 30,000										$ 365
Repayments of debt																									$ 1,307
Related party principal shareholder [Member]
Interest rate							6.00%
Maturity date							Oct. 31, 2015
Accrued interest balance																			8,616					$ 8,616
Aggregate principal amount of note							$ 310,000
Promissory new note [Member]
Monthly installments of principal and interest																			$ 27,750
Interest rate																			6.00%					6.00%
Notes payable outstanding balance																			$ 320,166					$ 320,166
Repayments of debt																			27,007
Non-interest bearing OID promissory [Member]
Notes payable outstanding balance																											0	4,578
Loss on conversion																				$ 55,484
Interest payment																				744,343
Repayments of debt																				$ 7,078
Debt default terms																				A 25% penalty is due if the balance is not paid by the due date. Furthermore, 5% of all factor payments to the Company are to be used to pay down the note.
Debt conversion term																				On September 21, 2015, the shareholder agreed to convert $81,250 of the $165,000 outstanding note to 506,421 shares of the Company’s common stock and the addition of the 25% penalty as stated above in the amount of $41,250, with a new note balance of $125,000, 15-month term and 8% interest.
Driginal Issue Discount (OID) promissory note [Member]
Monthly installments of principal and interest																	$ 1,535						$ 4,282
Interest rate																																				18.00%
Notes payable outstanding balance																	$ 15,000										13,369									$ 15,000
Maturity date																	Dec. 15, 2016
Accrued interest balance																	$ 2,651										802
Monthly interest rate																	8.00%
Aggregate principal amount of note																	$ 17,651
Two promissory notes [Member]
Notes payable outstanding balance																			275,660					275,660			10,504	33,615								$ 212,693
Loss on conversion																			$ 115,139					$ 115,139
Monthly interest rate																																				30.00%
Shares exchanged in debt																			1,002,401
TrueVue360, Inc. [Member]
Monthly installments of principal and interest																			$ 2,100
Interest rate																			1.50%					1.50%
Notes payable outstanding balance																			$ 28,040					$ 28,040
Accrued interest balance																			$ 9,777					$ 9,777
Monthly interest rate																			0.00%					0.00%
Aggregate principal amount of note																			$ 37,817
Warrant exercise price																			$ 0.28					$ 0.28
Warrants issued to placement agent																			501,201					501,201
Wife of CEO [Member]
Interest rate									8.00%
Notes payable outstanding balance																											56,500	36,500
Accrued interest balance																											7,474	3,052
Proceeds from loan								$ 5,000	$ 10,000							$ 20,000			$ 9,500			$ 12,000
Former CEO of ISA [Member]
Notes payable outstanding balance																											3,170	21,170								$ 30,378
OID promissory note [Member]
Monthly installments of principal and interest																	$ 968						$ 2,700
Interest rate																	30.00%
Notes payable outstanding balance																	$ 10,000										8,431	11,131								$ 10,593
Maturity date																	Dec. 15, 2016
Accrued interest balance																	$ 1,131										506
Interest payment																								$ 1,500
Monthly interest rate																	8.00%
Aggregate principal amount of note																	$ 11,131
Shareholder [Member]
Interest rate																																					12.00%
Notes payable outstanding balance																											226,936	294,056									$ 100,000
Accrued interest balance				$ 7,078																																	$ 107,627
Balance of interest Expense																		$ 744,343
Loss on conversion																		$ 35,876
Principal amount paid				125,000
Total amount due to shareholder				132,078
Shares exchanged in debt																		358,758
Sale of Common stock per share																		$ 0.30
Related party loan from CEO [Member]
Monthly installments of principal and interest													$ 1,052
Interest rate													7.99%
Notes payable outstanding balance													$ 59,925														56,614
Proceeds from loan													60,000
Fees on loan proceeds													$ 75
Related party principal shareholder [Member]
Interest rate		8.00%
Notes payable outstanding balance																											105,219
Maturity date		Feb. 11, 2017
Proceeds from loan		$ 111,645
Unrelated party investor [Member]
Notes payable outstanding balance				$ 19,108
Facility Team of Ontario [Member]
Monthly installments of principal and interest						$ 2,500
Notes payable outstanding balance																											22,500	52,500
Settlement amount						$ 60,000
Vendor [Member]
Notes payable outstanding balance																											50,000	50,000
Settlement amount																											150,000
Accrued interest balance																											$ 7,511	$ 4,723
Monthly interest rate																											1.00%	1.00%
Debt Purchase Agreement [Member]
Notes payable outstanding balance																											$ 93,950	$ 93,950			$ 93,950
Settlement amount																											150,000
Accrued interest balance																											12,682	4,228			8,454
Premium																											$ 46,975				$ 46,975
Private Placement [Member]
Aggregate principal amount of note														$ 1,800,000
Original issue discount											3026300.00%			5.00%
Senior secured and warrant exercisable securities, shares														2,500,000									2,500,000
Expiration period														5 years
Warrant exercise price														$ 0.35									$ 0.35
Fair value of the warrants														$ 466,031									$ 466,031
Accrued interest rate														14.00%
Additional accrued interest rate														2.00%									2.00%
Postponement payment														$ 5,000									$ 5,000
Placement agents fees											$ 28,750			137,000
Total debt funding														$ 1,800,000									$ 1,800,000
Warrants issued to placement agent											322,807			200,000									200,000
Warrants issued to placement agent, fair value														$ 43,272
Payment of additional obligations at closing														690,110
Net proceeds from placement agreement											$ 529,000			1,518,000
Debt issuance expenses														40,000									$ 40,000
Original issue discount														90,000									$ 90,000
Payment to placement agent											50,000
Legel fees														10,000
Total cash issue costs														$ 192,000
Cash clsoing expenses											$ 46,000
Stockholder [Member]
Notes payable outstanding balance																												52,500
Accrued interest balance																												$ 4,578
JMJ Financial [Member]
Interest rate											5.00%
Aggregate principal amount of note											$ 2,500,000
Warrants issued to placement agent, fair value											4,035,086
Initial principal amount											605,263
Consideration amount											$ 2,350,000
Percentage of per share price to pubic offering											80.00%
Placement Agent [Member]
Expiration period				3 years
Payment to placement agent				$ 142,000
Warrants compensation paid to placement agent				$ 200,000
Strike price				$ 0.40
CW Electric [Member]
Accrued interest balance				$ 8,032
Remitted amount out of proceeds in final settlement				558,032
Agreed settlement amount				$ 550,000