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Equity
6 Months Ended
Jun. 30, 2012
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

Note 9 – Equity

 

Common Stock

 

During the six months ended June 30, 2012, DCT issued 1,498,850 shares of common stock upon the exercise of employee stock options.

 

During the six months ended June 30, 2011, DCT issued 98,850 shares of common stock upon the exercise of employee stock options.

 

Common Stock Warrants

 

In certain instances, DCT issues warrants for consulting services. DCT amortizes the fair value, as calculated on the issuance date using the Black-Scholes valuation model, of the warrants over the service period. DCT did not issue any common stock warrants during the six months ended June 30, 2012 or 2011.

 

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 $19,000 and $20,000 during the three months ended June 30, 2012 and 2011, respectively; and $39,000 and $41,000 during the six months ended June 30, 2012 and 2011, respectively.

 

The following table summarizes certain aspects of DCT’s outstanding warrants as of June 30, 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