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)

9 Months Ended

Sep. 30, 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:


		September 30, 2020								December 31, 2019
Notes Payable		Principal					Interest			Principal					Interest
Third Party - Insurance Note 1		$	2,129				7.31	%		$	28,500				7.31	%
Third Party - Insurance Note 2			25,970				5.26	%							6.36	%
Third Party - Insurance Note 3			15,437					%			13,799
Third Party - Insurance Note 4			27,455												6.36	%
Total		$	70,991							$	42,299

Schedule of Notes Payable - Finance Lease

At September 30, 2020, future minimum lease payments due under Finance Lease is as follows:


As of December 31,		Amount
2020		$	26,647
2021			106,588
2022			86,735
2023			23,515
Total minimum financial lease payments		$	243,485
Less: interest			(29,797	)
Total lease liability at September 30, 2020		$	213,688
Less: current portion of Finance Lease			(87,091	)
Long Term portion of Finance Lease		$	126,597

Schedule of Notes Payable - Related Parties

Notes Payable Related Parties


										September 30, 2020								December 31, 2019
Payable To										Principal				Interest				Principal				Interest

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

Schedule of Notes Payable - SBA Loan


										September 30, 2020								December 31, 2019
Payable To										Principal				Interest				Principal				Interest*

SBA loan										$	1,410,270				1%			$
Total											1,410,270
Less current portion											(863,845)
Long term portion										$	546,425							$