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Commitments and Contingencies
 3 Months Ended
Mar. 31, 2015
Commitments And Contingencies  
Commitments and Contingencies

Note 11 – Commitments and Contingencies

 

The Company has an operating sub-lease agreement ending on May 31, 2015 for its headquarters in Arlington, Virginia. Prepaid expenses include $24,073 of fixed minimum lease payment that is prepaid through May 31, 2015.

 

On January 28, 2015, BTCS Digital Manufacturing a wholly owned subsidiary of the Company entered into a commercial lease agreement (the “Lease”). The term of the Lease commenced on January 28, 2015 and ends on January 25, 2017. The annual rental fee for the first and second year will be $58,271 and $66,750, respectively. The Company also has the option to purchase the property during the second year of the Lease term for a purchase price of $775,000 less the $10,000 security deposit and all lease payments.