Duos Technologies Group, Inc. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

NOTE 6 – NOTE PAYABLE – LINE OF CREDIT

NOTE 6 – NOTE PAYABLE – LINE OF CREDIT	6 Months Ended
Jun. 30, 2011
Notes to Financial Statements
NOTE 6 – NOTE PAYABLE – LINE OF CREDIT	NOTE 6 – NOTE PAYABLE – LINE OF CREDIT The Company has a line of credit with Wachovia Bank N.A. The line of credit provides for borrowings up to $40,000. The balance as of June 30, 2011 and December 31, 2010 was $39,621 and $36,141, respectively. The interest rate is the Prime Rate plus 3%. The President of the Company is a personal guarantor on the line of credit.

NOTE 6 – NOTE PAYABLE – LINE OF CREDIT

6 Months Ended

Jun. 30, 2011

NOTE 6 – NOTE PAYABLE – LINE OF CREDIT

The Company has a line of credit with Wachovia Bank N.A. The line of credit provides for borrowings up to $40,000. The balance as of June 30, 2011 and December 31, 2010 was $39,621 and $36,141, respectively. The interest rate is the Prime Rate plus 3%. The President of the Company is a personal guarantor on the line of credit.