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

Quarterly report pursuant to sections 13 or 15(d)

NOTE 7 - NOTES PAYABLE - RELATED PARTY

NOTE 7 - NOTES PAYABLE - RELATED PARTY	9 Months Ended
Sep. 30, 2011
Notes to Financial Statements
NOTE 7 - NOTES PAYABLE - RELATED PARTY	NOTE 7 – NOTE PAYABLE – RELATED PARTY On May 28, 2011, the Company’s Chairman and Chief Executive Officer advanced the Company $25,000 in exchange for a promissory note, bearing an annual interest of 6% and a repayment term of seven months, in order to fund the working capital needs of the Company. As of September 30, 2011, accrued interest of $519 is due on the note.

NOTE 7 - NOTES PAYABLE - RELATED PARTY

9 Months Ended

Sep. 30, 2011

NOTE 7 – NOTE PAYABLE – RELATED PARTY

On May 28, 2011, the Company’s Chairman and Chief Executive Officer advanced the Company $25,000 in exchange for a promissory note, bearing an annual interest of 6% and a repayment term of seven months, in order to fund the working capital needs of the Company. As of September 30, 2011, accrued interest of $519 is due on the note.