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

REVENUE (Tables)

6 Months Ended

Jun. 30, 2021


	June 30, 2021			December 31, 2020
Costs and estimated earnings recognized	$	1,915,472		$	4,152,850
Less: Billings or cash received		(1,762,683	)		(4,050,392	)
Contract assets	$	152,789		$	102,458


	June 30, 2021			December 31, 2020
Billings and/or cash receipts on uncompleted contracts	$	2,559,222		$	2,978,007
Less: Costs and estimated earnings recognized		(2,387,941	)		(2,268,454	)
Contract liabilities	$	171,281		$	709,553


Segments	Rail		Commercial		Government		Banking/Other		IT Suppliers		Artificial Intelligence		Total
Primary Geographical Markets

North America	$	466,628	$	57,600	$	116,727	$	2,932	$	795	$	3,986	$	648,668

Major Goods and Service Lines

Turnkey Projects	$	3,895	$	—	$	96,506	$	—	$	—	$	—	$	100,401
Maintenance & Support		462,733		57,600		20,221		2,932		—		3,986		547,472
Data Center Auditing Services		—		—		—		—		—		—		—
Software License		—		—		—		—		795		—		795
Algorithms		—		—		—		—		—		—		—
	$	466,628	$	57,600	$	116,727	$	2,932	$	795	$	3,986	$	648,668

Timing of Revenue Recognition

Goods transferred over time	$	3,895	$	—	$	96,506	$	—	$	—	$	—	$	100,401
Services transferred over time		462,733		57,600		20,221		2,932		795		3,986		548,267
	$	466,628	$	57,600	$	116,727	$	2,932	$	795	$	3,986	$	648,668

For the Three Months Ended June 30, 2020

Segments	Rail		Commercial		Government		Banking		IT Suppliers		Artificial Intelligence		Total
Primary Geographical Markets

North America	$	1,631,891	$	52,552	$	20,221	$	96,869	$	2,385	$	178,224	$	1,982,142

Major Goods and Service Lines

Turnkey Projects	$	1,332,577	$	(2,421)	$	—	$	89,253	$	—	$	178,224	$	1,597,633
Maintenance & Support		299,314		54,973		20,221		7,616		—		—		382,124
Data Center Auditing Services		—		—		—		—		—		—		—
Software License		—		—		—		—		2,385		—		2,385
	$	1,631,891	$	52,552	$	20,221	$	96,869	$	2,385	$	178,224	$	1,982,142

Timing of Revenue Recognition

Goods transferred over time	$	1,332,577	$	(2,421)	$	—	$	89,253	$	2,385	$	178,224	$	1,600,018
Services transferred over time		299,314		54,973		20,221		7,616		—		—		382,124
	$	1,631,891	$	52,552	$	20,221	$	96,869	$	2,385	$	178,224	$	1,982,142

For the Six Months Ended June 30, 2021

Segments	Rail		Commercial		Government		Banking/Other		IT Suppliers		Artificial Intelligence		Total
Primary Geographical Markets

North America	$	2,224,074	$	113,442	$	145,287	$	25,761	$	133,772	$	161,086	$	2,803,422

Major Goods and Service Lines

Turnkey Projects	$	1,327,217	$	—	$	104,845	$	1,537	$	—	$	—	$	1,433,599
Maintenance & Support		896,857		113,442		40,442		24,224		—		3,986		1,078,951
Data Center Auditing Services		—		—		—		—		130,592		—		130,592
Software License		—		—		—		—		3,180		—		3,180
Algorithms		—		—		—		—		—		157,100		157,100
	$	2,224,074	$	113,442	$	145,287	$	25,761	$	133,772	$	161,086	$	2,803,422

Timing of Revenue Recognition

Goods transferred over time	$	1,327,217	$	—	$	104,845	$	1,537	$	130,592	$	157,100	$	1,721,291
Services transferred over time		896,857		113,442		40,442		24,224		3,180		3,986		1,082,131
	$	2,224,074	$	113,442	$	145,287	$	25,761	$	133,772	$	161,086	$	2,803,422

For the Six Months Ended June 30, 2020

Segments	Rail		Commercial		Government		Banking		IT Suppliers		Artificial Intelligence		Total
Primary Geographical Markets

North America	$	2,345,149	$	126,887	$	47,370	$	140,988	$	134,469	$	178,224	$	2,973,087

Major Goods and Service Lines

Turnkey Projects	$	1,813,687	$	6,202	$	—	$	113,194	$	—	$	178,224	$	2,111,307
Maintenance & Support		531,462		120,685		47,370		27,794		—		—		727,311
Data Center Auditing Services		—		—		—		—		129,699		—		129,699
Software License		—		—		—		—		4,770		—		4,770
	$	2,345,149	$	126,887	$	47,370	$	140,988	$	134,469	$	178,224	$	2,973,087

Timing of Revenue Recognition

Goods transferred over time	$	1,813,687	$	6,202	$	—	$	113,194	$	134,469	$	178,224	$	2,245,776
Services transferred over time		531,462		120,685		47,370		27,794		—		—		727,311
	$	2,345,149	$	126,887	$	47,370	$	140,988	$	134,469	$	178,224	$	2,973,087