NOTE I – OTHER LONG-TERM ASSETS

Other long-term assets consist of the following:


	2011		2010
Artifacts	$	557,494	$	559,777
Deposits		541,590		541,590
Image use rights, net		7,013		—

Total other long-term assets	$	1,106,097	$	1,101,367

The artifact balances for both years consist of artifacts conserved specifically for the Company and are not for resale. Deposits include $432,500 on account with the United Kingdom's Ministry of Defense relating to the expense deposits for HMS Sussex as well as a $100,000 deposit to fund conservation and documentation of any artifacts recovered. These deposits are refundable from proceeds the United Kingdom would receive if HMS Sussex is discovered and its artifacts monetized. If HMS Sussex is not discovered, the Company is at risk for the expense deposit portion. Other deposits are held by various vendors for equipment, services, and in accordance with agreements in the normal course of business. Image use rights are amounts paid to utilize, for a period up to five years, copyrighted images in our themed attractions.