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

NOTE 7 - FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2017

The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2017:


	Balance at March 31, 2017		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Liabilities:
Fair value of liability for warrant derivative instruments	$	2,203,487	$	—	$	—	$	2,203,487

The following is a roll forward through March 31, 2017 of the fair value liability of warrant derivative instruments:


	Fair Value of
	Liability for
	Warrant
	Derivative
	Instruments
Balance at December 31, 2016	$	793,099
Initial fair value of warrant liability		828,000
Change in fair value included in other (income) loss		582,388
Balance at March 31, 2017	$	2,203,487