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Inventory

12 Months Ended

Dec. 31, 2013

NOTE F – INVENTORY

Our inventory consists of the following:


	2013			2012
Artifacts	$	5,406,183		$	5,743,915
Packaging		85,133			131,641
Merchandise		401,072			485,769
Merchandise reserve		(371,332	)		(367,558	)

Total Inventory	$	5,521,056		$	5,993,767

Based on our estimates of the timing of future sales, $5,206,318 and $5,574,841 of artifact inventory for the fiscal years ended 2013 and 2012 were classified as non-current.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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