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

Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
Sep. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS On October 10, 2018, the Company’s Board of Directors approved the issuance of an aggregate of 496,215 five-year warrants with an exercise price of $0.65 to six investors. On October 10, 2018, the Company’s Board of Directors approved the issuance of up to 92,033 shares in exchange for $92,033 of accrued salary owed to a former officer of the Company. On October 24, 2018 the Company was notified by counsel handling a claim by the Company against a vendor that the vendor’s motion for dismissal on certain part of the Company’s claim was denied by the Court. Although the claim by the Company is valued currently at less than $50,000, the denial by the Court bolsters the Company’s claim against the vendor. The Company is continuing to pursue the claim unless an acceptable settlement can be reached in this matter.

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2018

NOTE 12 – SUBSEQUENT EVENTS

On October 10, 2018, the Company’s Board of Directors approved the issuance of an aggregate of 496,215 five-year warrants with an exercise price of $0.65 to six investors.

On October 10, 2018, the Company’s Board of Directors approved the issuance of up to 92,033 shares in exchange for $92,033 of accrued salary owed to a former officer of the Company.

On October 24, 2018 the Company was notified by counsel handling a claim by the Company against a vendor that the vendor’s motion for dismissal on certain part of the Company’s claim was denied by the Court. Although the claim by the Company is valued currently at less than $50,000, the denial by the Court bolsters the Company’s claim against the vendor. The Company is continuing to pursue the claim unless an acceptable settlement can be reached in this matter.