Duo misses component.json deps on local install

1-duo-local-require-fail.js

var example = require('./example-component');

example();

2-duo-output.js

(function outer(modules, cache, entries){

  /**
   * Global
   */

  var global = (function(){ return this; })();

  /**
   * Require `name`.
   *
   * @param {String} name
   * @param {Boolean} jumped
   * @api public
   */

  function require(name, jumped){
    if (cache[name]) return cache[name].exports;
    if (modules[name]) return call(name, require);
    throw new Error('cannot find module "' + name + '"');
  }

  /**
   * Call module `id` and cache it.
   *
   * @param {Number} id
   * @param {Function} require
   * @return {Function}
   * @api private
   */

  function call(id, require){
    var m = cache[id] = { exports: {} };
    var mod = modules[id];
    var name = mod[2];
    var fn = mod[0];

    fn.call(m.exports, function(req){
      var dep = modules[id][1][req];
      return require(dep ? dep : req);
    }, m, m.exports, outer, modules, cache, entries);

    // expose as `name`.
    if (name) cache[name] = cache[id];

    return cache[id].exports;
  }

  /**
   * Require all entries exposing them on global if needed.
   */

  for (var id in entries) {
    if (entries[id]) {
      global[entries[id]] = require(id);
    } else {
      require(id);
    }
  }

  /**
   * Duo flag.
   */

  require.duo = true;

  /**
   * Expose cache.
   */

  require.cache = cache;

  /**
   * Expose modules
   */

  require.modules = modules;

  /**
   * Return newest require.
   */

   return require;
})({
1: [function(require, module, exports) {
var example = require('./example-component/');

example();

}, {"./example-component/":2}],
2: [function(require, module, exports) {
var fnArgs = require('fn-args');

module.exports = function () {
  console.log(fnArgs(function (a, b, c) {}))
};

}, {}]}, {}, {"1":""})

component.json

{
  "name": "example-component",
  "version": "0.0.0",
  "main": "index.js",
  "dependencies": {
    "sindresorhus/fn-args": "^1.0.0"
  }
}

index.js

var fnArgs = require('fn-args');

module.exports = function () {
  console.log(fnArgs(function (a, b, c) {}))
};