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

Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

DEBT (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Notes Payable - Financing Agreements

The Companys notes payable relating to financing agreements classified as current liabilities consist of the following as of:


		March 31, 2020								December 31, 2019
Notes Payable		Principal					Interest			Principal					Interest
Third Party - Insurance Note 1		$	15,076				7.31	%		$	28,500				7.31	%
Third Party - Insurance Note 2							6.36	%							6.36	%
Third Party - Insurance Note 3			4,129				10.75	%			13,799
Third Party - Insurance Note 4			165,375												6.36	%
Total		$	184,580							$	42,299

Schedule of Notes Payable - Finance Lease

At March 31, 2020, future minimum lease payments due under Finance Lease is as follows:


As of March 31,		Amount
2020		$	44,668
2021			59,558
2022			39,705
Total minimum financial lease payments		$	143,931
Less: interest			(20,535	)
Total lease liability at March 31, 2020		$	123,396
Less: current portion of Finance Lease			(46,520	)
Long Term portion of Finance Lease		$	76,876

Schedule of Notes Payable - Related Parties


										March 31, 2020								December 31, 2019
Payable To										Principal				Interest				Principal				Interest*

Related party										$	267,000				3%			$	267,000				3%
Related party											733,000				3%				733,000				3%
Total											1,000,000								1,000,000
Less unamortized discounts											(45,701	)							(94,627	)
Total, net										$	954,299							$	905,373