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

Quarterly report pursuant to sections 13 or 15(d)

STOCK PURCHASE WARRANTS AND OPTIONS (Tables)

STOCK PURCHASE WARRANTS AND OPTIONS (Tables)

3 Months Ended

Mar. 31, 2013

STOCK PURCHASE WARRANTS AND OPTIONS [Abstract]

Schedule of Warrants Activity

Following is a summary of warrants outstanding:


		March 31, 2013								December 31, 2012
		Shares				Weighted Avg Exercise Price				Shares				Weighted Avg h Exercise Price
Outstanding at beginning of period			5,020,000			$	0.09				3,300,000			$	0.14
Granted			-				-				4,470,000			$	0.09
Exercised			-				-				-				-
Forfeited			-				-				2,750,000			$	0.10
Expired			-				-				-				-
Outstanding at end of period			5,020,000			$	0.09				5,020,000			$	0.09
Exercisable at end of period			5,020,000			$	0.09				5,020,000			$	0.09

Weighted average grant date fair value						$	0.06							$	0.06
Weighted average remaining contractual term							3.71								3.96

Stock Option Activity

Following is a summary of options outstanding:


		March 31, 2013								December 31, 2012
		Shares				Weighted Avg Exercise Price				Shares				Weighted Avg Exercise Price
Outstanding at beginning of period			350,000			$	0.035				-				-
Granted			650,000			$	0.020				350,000			$	0.035
Exercised			-				-				-				-
Forfeited			-				-				-				-
Expired			-				-				-				-
Outstanding at end of period			1,000,000			$	0.030				350,000			$	0.035
Exercisable at end of period			100,000			$	0.035				100,000			$	0.035

Weighted average grant date fair value						$	0.04							$	0.04
Weighted average remaining contractual term							4.61								4.59