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

Note 10 – Equity

 

Common Stock

 

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

 

During the nine months ended September 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 nine months ended September 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 $20,000 and $19,000 during the three months ended September 30, 2012 and 2011, respectively; and $59,000 and $60,000 during the nine months ended September 30, 2012 and 2011, respectively.

 

The following table summarizes certain aspects of DCT’s outstanding warrants as of September 30, 2012:

 

Warrants Issued in Connection with: Number of
Shares
Outstanding
and Vested
Exercise
Price ($)
Issuance
Date
Expiration
Date
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
468,027