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

Quarterly report pursuant to sections 13 or 15(d)

NOTE 10 - NOTE PAYABLE - SHAREHOLDERS

NOTE 10 - NOTE PAYABLE - SHAREHOLDERS	3 Months Ended
Jun. 30, 2012
Notes to Financial Statements
NOTE 10 - NOTE PAYABLE - SHAREHOLDERS	NOTE 10 – NOTES PAYABLE – SHAREHOLDERS On January 11, 2012, a shareholder loaned the Company $35,000 at 3% interest per month for one year. On April 13 2012, the shareholder loaned principal to the Company in the aggregate amount $25,000. On June 28, 2012, the Company made a $10,000 principal payment on the note. At June 30, 2012, the principal balance on the note was $50,000 with accrued interest of $695.

NOTE 10 - NOTE PAYABLE - SHAREHOLDERS

3 Months Ended

Jun. 30, 2012

NOTE 10 – NOTES PAYABLE – SHAREHOLDERS

On January 11, 2012, a shareholder loaned the Company $35,000 at 3% interest per month for one year. On April 13 2012, the shareholder loaned principal to the Company in the aggregate amount $25,000. On June 28, 2012, the Company made a $10,000 principal payment on the note. At June 30, 2012, the principal balance on the note was $50,000 with accrued interest of $695.