DUOS TECHNOLOGIES GROUP, INC.

Listed Company

DUOTCIK 0001396536NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareFloridaFY ends Dec 31

Period

FY 2025

Revenue

$27.02M

Net Income

$-9.84M

Total Assets

$63.41M

Equity

$48.55M

Shares Out

29.54M

Op. Cash Flow

$-13.75M

Business

DUOS TECHNOLOGIES GROUP, INC. develops, deploys and operates intelligent machine-vision and AI systems focused on inspecting and evaluating moving vehicles and providing edge computing and power solutions. Its main products and services include the Railcar Inspection Portal (RIP), Centraco® enterprise software, TrueVue360™ AI analytics, the Automated Logistics Information System (ALIS), edge data center deployments, consulting, and asset management services for power generation. The company operates through three subsidiaries — duostech™, Duos Edge AI, and Duos Energy — serving rail technology, data center co-location/edge computing, and behind-the-meter power markets. It distributes solutions to Class 1 and transit railroads, logistics operators and select government agencies, with deployments in the United States, Canada and Mexico and targeted expansion into rural Tier 3/4 markets and other international opportunities.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Revenues	27	7	7	15	8
Total Cost of Revenues	19	7	6	10	6
GROSS MARGIN	8	469,215	1	5	2
Sales and marketing	1	2	1	1	—
Research and development	846,850	2	2	2	3
General and administration	16	8	9	9	6
Total Operating Expenses	18	11	13	12	9
LOSS FROM OPERATIONS	−10	−11	−11	−7	−7
Interest expense	−439,261	−286,114	−7,159	—	—
Change in fair value of warrant liabilities	—	245,980	—	—	—
Gain (Loss) on extinguishment of debt	−95,718	379,626	—	—	—
Interest income on lease receivable	8,466	—	—	—	—
Interest income	446,941	37,224	—	—	—
Other Income (Expenses), net	7,419	−157,647	212,007	9,557	1
Total Other Income (Expenses), net	−72,153	219,069	204,848	366	1
NET LOSS	−10	−11	−11	−7	−6
Basic Net Loss Per Share	−0.64	−1.39	−1.56	−1.11	−1.63
Diluted Net Loss Per Share	−0.64	−1.39	−1.56	−1.11	−1.63
Weighted Average Shares-Basic	15	8	7	6	4
Weighted Average Shares-Diluted	15	8	7	6	4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	15	6	2	1	893,720
Accounts receivable, net	730,211	109,007	1	3	2
Accounts receivable, net - related parties	5	294,434	—	—	—
Lease receivable	35,361	—	—	—	—
Contract assets	741,722	635,774	641,947	425,722	3,449
Inventory	306,759	605,356	2	1	298,338
Prepaid expenses and other current assets	489,071	176,338	184,478	441,320	354,613
Total Current Assets	23	8	6	7	3
Inventory - non current, net	391,770	196,315	—	—	—
Lease receivable, less current portion	227,629	—	—	—	—
Property and equipment, net	28	3	726,507	629,490	603,253
Operating lease right of use asset - Office Lease, net	4	4	4	5	5
Financing lease right of use asset - Edge Data Centers, net	—	2	—	—	—
Operating lease right of use asset - Land, net	357,561	—	—	—	—
Security deposit	450,000	500,000	550,000	600,000	600,000
Equity Investment - Sawgrass APR Holdings LLC	7	7	—	—	—
Intangible Asset, net	—	10	—	—	—
Note Receivable, net	—	—	—	—	—
Patents and trademarks, net	186,073	127,300	129,140	69,733	66,482
Software development costs, net	95,275	403,383	652,838	265,208	—
Total Other Assets	8	17	935,728	334,941	66,482
TOTAL ASSETS	63	35	13	13	9
Accounts payable	5	969,822	595,634	2	1
Notes payable - financing agreements	2,041	17,072	41,976	—	—
Accrued expenses	306,205	373,251	164,113	453,023	618,093
Operating lease obligation - Office Lease -current portion	818,519	798,556	779,087	696,869	315,302
Financing lease obligations - Edge Data Centers - current portion	—	367,451	—	—	—
Operating lease obligation- Land - current portion	53,000	—	—	—	—
Notes payable, net of discount - related parties	—	2	—	—	—
Contract liabilities, current - Technology Systems	134,331	403,634	—	—	—
Contract liabilities, current - Technology Solutions	1	—	—	—	—
Contract liabilities, current - CN Digital Agreement	—	2	—	—	—
Contract liabilities, current - Services and consulting	169,369	592,400	—	—	—
Contract liabilities, current - related parties	4	9	—	—	—
Total Current Liabilities	11	16	3	4	4
Contract liabilities, less current portion - CN Digital Agreement	—	7	—	—	—
Contract liabilities, less current portion - related parties	—	4	—	—	—
Operating lease obligation - Office Lease, less current portion	3	4	4	5	5
Operating lease obligation - Land, less current portion	311,457	—	—	—	—
Financing lease obligations - Edge Data Centers, less current portion	—	2	—	—	—
Total Liabilities	15	33	7	9	9
Common stock: $0.001 par value; 500,000,000 shares authorized, 20,449,462 and 8,922,576 shares issued, 20,448,138 and 8,921,252 shares outstanding at December 31, 2025 and December 31, 2024, respectively	20,449	8,921	7,306	7,156	4,111
Additional paid-in-capital	133	77	69	—	46
Accumulated deficit	−84	−74	−64	−52	−45
Sub-total	49	2	6	4	—
Less: Treasury stock (1,324 shares of common stock at December 31, 2025 and December 31, 2024)	−157,452	−157,452	−157,452	−157,452	−157,452
Total Stockholders' Equity	49	2	5	4	781,485
Total Liabilities and Stockholders' Equity	63	35	13	13	9

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Impairment of property, plant & equipment	72,872	—	—	—	—
Depreciation and amortization	2	2	—	—	—
Inventory write-off	25,000	126,703	—	—	—
Insurance premium credit	−36,040	—	—	—	—
Stock based compensation	4	108,981	710,047	819,191	262,411
Stock issued for services	566,398	165,000	143,065	—	—
Amortization of debt discount related to warrant liabilities	345,886	184,002	—	—	—
Amortization of operating lease right of use asset - Office Lease	377,680	344,757	316,776	—	—
Amortization of right of use asset - land	6,962	—	—	—	—
Amortization of lease right of use asset - Edge Data Centers	150,821	50,820	—	—	—
Provision for credit losses, accounts receivable	—	76,037	—	—	—
Provision for credit losses, note receivable	—	161,250	—	—	—
Accounts receivable	−621,204	982,985	2	−2	−611,023
Accounts receivable-related parties	−5	—	—	—	—
Lease receivable	19,782	—	—	—	—
Note receivable	—	−7,500	−153,750	—	—
Contract assets	−105,948	6,173	−216,225	−422,273	99,009
Inventory	28,534	52,700	−97,804	−1	−185,915
Prepaid expenses and other current assets	164,994	414,091	744,771	—	—
Accounts payable	4	374,188	−2	—	—
Security deposit	50,000	50,000	50,000	—	−600,000
Accrued expenses	−67,049	209,138	−289,209	−165,069	−408,692
Operating lease obligation - Office Lease	−394,598	−342,206	−232,007	184,728	−127,816
Operating lease obligation - land	−66	—	—	—	—
Financing lease obligations - Edge Data Centers	−12,358	22,055	—	—	—
Contract liabilities, Services and Consulting	−423,031	−661,048	—	—	—
Contract liabilities, Technology Systems	−269,302	4	—	—	—
Contract liabilities, CN Digital Agreement	−1	−623,173	—	—	—
Contract liabilities, Technology solutions	1	—	—	—	—
Contract liabilities, related parties	−9	—	—	—	—
Net cash used in operating activities	−14	−3	−9	−8	−7
Purchase of patents/trademarks	−71,572	−9,535	−69,327	−18,190	−7,435
Purchase of property and equipment	−24	−2	−496,686	−344,915	−545,505
Net cash used in investing activities	−24	−2	−1	−644,888	−552,940
Repayments on financing agreements	−456,718	−430,855	−520,529	—	—
Proceeds from notes payable, related parties	—	2	—	—	—
Repayments of lease financing	−2	—	—	—	—
Repayments of notes payable, related parties	−2	—	—	—	—
Proceeds from warrant exercises	—	899,521	—	—	—
Proceeds from common stock issued	54	4	—	9	—
Proceeds from exercise of stock options	865,948	—	—	—	—
Stock issuance costs	−4	−220,183	−25,797	−942,926	—
Proceeds from shares issued under Employee Stock Purchase Plan	254,001	166,265	—	—	—
Proceeds from preferred stock issued	—	3	12	—	—
Net cash provided by financing activities	47	9	11	9	4
Net increase (decrease) in cash	9	4	—	—	—
Interest paid	282,826	3,865	7,159	9,292	—
Taxes paid	91,457	20,126	29,085	1,264	—
Debt discount for warrant liability	—	625,606	—	—	—
Notes issued for financing of insurance premiums	477,727	434,882	487,929	353,244	363,005
Transfer of inventory to property and equipment	49,609	545,091	—	—	—
Intangible asset acquired with contract liability	—	11	—	—	—
Non-cash intangible write-off	8	—	—	—	—
Equity Investment - Sawgrass APR Holdings LLC	—	7	—	—	—
Right of use asset and liability for Edge Data Centers	—	2	—	—	—
Transfer of property and equipment to lease receivable	282,772	—	—	—	—
Non-cash financing activity: Warrants issued as part of equity raise	836,989	—	—	—	—
Conversion of Series E Preferred Stock to common stock	1	—	—	—	—
Transfer of finance lease asset to property and equipment	2	—	—	—	—
Right of use asset and liability for land lease	364,523	—	—	—	—

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