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

Quarterly report pursuant to sections 13 or 15(d)

NOTE 8 - NOTE PAYABLE - LINE OF CREDIT

NOTE 8 - NOTE PAYABLE - LINE OF CREDIT	3 Months Ended
Jun. 30, 2012
Notes to Financial Statements
NOTE 8 - NOTE PAYABLE - LINE OF CREDIT	NOTE 8 – NOTE PAYABLE – LINE OF CREDIT The Company has a line of credit with Wells Fargo Bank. The line of credit provides for borrowings up to $40,000. The balance as of June 30, 2012 and December 31, 2011 was $38,979 and $35,146, 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 8 - NOTE PAYABLE - LINE OF CREDIT

3 Months Ended

Jun. 30, 2012

NOTE 8 – NOTE PAYABLE – LINE OF CREDIT

The Company has a line of credit with Wells Fargo Bank. The line of credit provides for borrowings up to $40,000. The balance as of June 30, 2012 and December 31, 2011 was $38,979 and $35,146, respectively. The interest rate is the Prime Rate plus 3%. The President of the Company is a personal guarantor on the line of credit.