$DUOT

DUOS TECHNOLOGIES GROUP, INC.

CIK:0001396536|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUES:
Total Revenues	$ 6,175,423	$ 4,768,403	$ 8,320,724	$ 8,683,153
COST OF REVENUES:
Total Cost of Revenues	2,729,327	2,991,812	3,819,187	5,649,880
GROSS MARGIN	3,446,096	1,776,591	4,501,537	3,033,273
OPERATING EXPENSES:
Sales and marketing	253,515	32,835	742,362	81,297
General and administration	3,143,488	3,283,938	6,884,358	5,024,723
Total Operating Expenses	3,397,003	3,316,773	7,626,720	5,106,020
INCOME (LOSS) FROM OPERATIONS	49,093	(1,540,182)	(3,125,183)	(2,072,747)
OTHER INCOME (EXPENSES):
Interest expense	(121)	(87,348)	(121)	(406,660)
Interest income on lease receivable	3,325	1,246	6,765	1,246
Interest income	413,490	10,629	497,049	43,357
Other income, net		(1,875)		(2,061)
Gain on sale of investments and marketable securities	53,173,803		53,226,105
Total Other Income (Expenses), net	53,590,497	(77,348)	53,729,798	(364,118)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	53,639,590	(1,617,530)	50,604,615	(2,436,865)
Income tax expense	(4,984,170)		(4,984,170)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS NET OF TAX	48,655,420	(1,617,530)	45,620,445	(2,436,865)
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS NET OF TAX	(810,990)	(1,900,501)	(1,268,260)	(3,160,829)
NET INCOME (LOSS)	$ 47,844,430	$ (3,518,031)	$ 44,352,185	$ (5,597,694)
Basic Net Income (Loss) Per Share From Continuing Operations	$ 1.61	$ (0.14)	$ 1.70	$ (0.21)
Basic Net Income (Loss) Per Share From Discontinued Operations	(0.03)	(0.16)	(0.05)	(0.27)
Basic Net Income (Loss) Per Share	1.58	(0.30)	1.65	(0.48)
Diluted Net Income (Loss) Per Share From Continuing Operations	1.37	(0.14)	1.41	(0.21)
Diluted Net Income (Loss) Per Share From Discontinued Operations	(0.02)	(0.16)	(0.04)	(0.27)
Diluted Net Income (Loss) Per Share	$ 1.35	$ (0.30)	$ 1.37	$ (0.48)
Weighted Average Shares-Basic	30,143,928	11,847,115	26,899,063	11,619,714
Weighted Average Shares-Diluted	35,538,098	11,847,115	32,258,735	11,619,714
Technology Solutions [Member]
REVENUES:
Total Revenues	$ 3,231,544		$ 3,793,998
COST OF REVENUES:
Total Cost of Revenues	2,404,108		2,910,678
Services and consulting - related parties [Member]
REVENUES:
Total Revenues	2,911,330	4,760,403	4,463,902	8,675,153
COST OF REVENUES:
Total Cost of Revenues	226,255	2,976,469	770,112	5,634,537
Hosting [Member]
REVENUES:
Total Revenues	32,549	8,000	62,824	8,000
COST OF REVENUES:
Total Cost of Revenues	$ 98,964	$ 15,343	$ 138,397	$ 15,343

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash flows from operating activities:
Net income (loss)	$ 44,352,185	$ (5,597,694)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	96,650	15,410
Gain on sale on investments and marketable securities	(53,226,105)
Stock based compensation	1,752,332	2,133,933
Stock issued for services	208,750	90,000
Amortization of debt discount related to warrant liabilities		326,743
Amortization of right of use asset - land	9,441
Amortization of lease right of use asset - Edge Data Centers		150,821
Provision for credit losses, accounts receivable	40,561
Changes in assets and liabilities:
Accounts receivable	(2,507,996)
Accounts receivable-related parties	5,081,308	(952,898)
Lease receivable	17,447	2,789
Contract assets	(2,558,125)
Inventory	(50,436)
Prepaid expenses and other current assets	(220,791)	200,451
Accounts payable	(3,147,075)	(80,496)
Accrued expenses	5,559,462	181,437
Operating lease obligation - land	3,501
Financing lease obligation - Edge Data Centers		(12,359)
Contract liabilities, Technology Solutions	1,345,788
Contract liabilities, related parties	(3,616,500)	(4,308,250)
Contract liabilities, GPUaaS	18,770,228
Net cash provided by (used in) operating activities - continuing operations	11,910,625	(7,850,113)
Net cash used in operating activities - discontinued operations	(549,860)	(25,624)
Net cash provided by (used in) operating activities	11,360,765	(7,875,737)
Cash flows from investing activities:
Deposits on equipment	(68,793,810)
Proceeds from sale of investments	50,392,931
Purchase of Marketable Securities	(29,693,638)
Sale of Marketable Securities	29,745,940
Deposit on real estate	(2,800,000)
Building renovation deposit	(3,000,000)
Purchase of property and equipment	(2,510,721)	(1,363,560)
Net cash used in investing activities - continuing operations	(26,659,298)	(1,363,560)
Net cash used in investing activities - discontinued operations	(15,087)	(24,481)
Net cash used in investing activities	(26,674,385)	(1,388,041)
Cash flows from financing activities:
Repayments on financing agreements	(389,566)	(274,965)
Repayments of notes payable, related parties		(1,000,000)
Proceeds from common stock issued and pre-funded warrants	120,096,195	5,692,579
Proceeds from exercise of stock options	374,326	144,777
Stock issuance costs	(7,983,869)	(205,238)
Proceeds from shares issued under Employee Stock Purchase Plan	52,317	114,724
Net cash provided by financing activities - continuing operations	112,149,403	4,471,877
Net increase (decrease) in cash	96,835,783	(4,791,901)
Cash, beginning of period	15,472,229	6,266,296	6,266,296
Cash, end of period	112,308,012	1,474,395	$ 15,472,229
Supplemental Disclosure of Cash Flow Information:
Interest paid		3,865
Taxes paid		19,733
Supplemental Non-Cash Investing and Financing Activities:
Notes issued for financing of insurance premiums	671,834	477,727
Transfer of inventory to property and equipment		49,609
Subscription receivable		98,235
Transfer of property and equipment to lease receivable		282,772
Non-cash financing activity: Warrants issued as part of equity raise	2,305,016
Conversion of Series E Preferred Stock to common stock		1
Initial ROU asset and liability	$ 256,765

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash	$ 112,308,012	$ 15,472,229
Accounts receivable, net	3,064,611	621,927
Accounts receivable, net - related parties	222,923	5,304,231
Holdback receivable - related parties	10,013,872
Lease receivable	36,307	35,361
Contract assets	2,558,125
Inventory	50,437	2
Prepaid expenses and other current assets	1,461,767	487,660
Total Current Assets	129,716,054	21,921,410
Deposits on equipment	68,793,810
Deposit on real estate	2,800,000
Building renovation deposit	3,000,000
Lease receivable, less current portion	209,236	227,629
Property and equipment, net	29,726,514	27,311,933
Operating lease right of use assets - Land, net	600,506	357,561
OTHER ASSETS:
Equity Investment - Sawgrass APR Holdings LLC		7,233,000
Patents and trademarks, net	14,601	15,111
Total Other Assets	14,601	7,248,111
Total non-current assets	105,144,667	35,145,234
Assets held for sale	6,426,222	6,342,772
TOTAL ASSETS	241,286,943	63,409,416
CURRENT LIABILITIES:
Accounts payable	1,445,855	4,592,930
Notes payable - financing agreements	326,617
Accrued expenses	760,486	185,194
Income taxes payable	4,984,170
Operating lease obligation- Land - current portion	103,224	53,000
Contract liabilities, current - Technology Solutions	2,477,952	1,132,164
Contract liabilities, current - related parties		3,616,500
Contract liabilities, current - GPUaaS	5,213,952
Total Current Liabilities	15,312,256	9,579,788
Contract liabilities, GPUaaS, less current portion	13,556,276
Operating lease obligation - Land, less current portion	522,801	311,457
Total non-current liabilities	14,079,077	311,457
Liabilities held for sale	4,490,799	4,965,605
Total Liabilities	33,882,132	14,856,850
STOCKHOLDERS' EQUITY:
Common stock: $0.001 par value; 500,000,000 shares authorized, 31,273,823 and 20,449,462 shares issued, 31,272,499 and 20,448,138 shares outstanding at June 30, 2026 and December 31, 2025, respectively	31,275	20,449
Additional paid-in-capital	247,381,829	132,892,595
Accumulated deficit	(39,850,855)	(84,203,040)
Sub-total	207,562,263	48,710,018
Less: Treasury stock (1,324 shares of common stock at June 30, 2026 and December 31, 2025)	(157,452)	(157,452)
Total Stockholders' Equity	207,404,811	48,552,566
Total Liabilities and Stockholders' Equity	241,286,943	63,409,416
Convertible Series A Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock, value
Convertible Series B Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock, value
Convertible Series C Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock, value
Convertible Series D Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock, value	1	1
Convertible Series E Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock, value	13	13
Convertible Series F Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock, value