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Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 15 – Subsequent Events

 

Amended LOC

 

On November 13, 2012, DCT amended its $3,000,000 LOC (“Amended LOC”), extending the maturity date to November 15, 2013 and expanding DCT’s borrowing base. Previously, the borrowing base formula allowed accounts receivable from individual customers up to 25% of total accounts receivable. The Amended LOC expands the borrowing base by including certain customer balances in excess of 25% of the total accounts receivable. All other significant terms and conditions remain unchanged.

 

In connection with the Amended LOC, DCT agreed to pay the lender a loan origination fee of $7,500.