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Equity
3 Months Ended
Mar. 31, 2012
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

Note 9 – Equity

 

Common Stock

 

DCT issued 100,000 and 98,850 shares of common stock upon the exercise of employee stock options during the three months ended March 31, 2012 and 2011, respectively.

 

Common Stock Warrants

 

In certain instances, DCT issues warrants for consulting services. DCT amortizes the fair value of the warrants, as calculated on the issuance date using the Black-Scholes valuation model, over the service period. In connection with such common stock warrants issued and outstanding, DCT charged selling, general and administrative expense with the offset credit to additional paid in capital for $20,000 and $21,000 during the three months ended March 31, 2012 and 2011, respectively.

 

DCT did not issue any common stock warrants during the three months ended March 31, 2012 or the three months ended March 31, 2011.

 

The following table summarizes certain aspects of DCT’s outstanding warrants as of March 31, 2012:

 

 

 

Warrants Issued in Connection with:

  Number of
Shares
Outstanding 
and Vested
   

 

 

Exercise 
Price ($)

   

 

 

Issuance
Date

   

 

 

Expiration
Date

 
Consulting agreement     220,000       0.24-0.34       7/26/10       7/26/12  
Consulting agreement     400,000       0.67       12/13/10       12/12/12  
Bank line of credit     68,027       0.59       9/2/09       8/31/16  
    688,027