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Other Long-Term Assets
12 Months Ended
Dec. 31, 2016
Investments, All Other Investments [Abstract]  
Other Long-Term Assets

NOTE F – OTHER LONG-TERM ASSETS

Other long-term assets consist of the following:

 

     December 31,
2016
     December 31,
2015
 

Deposits

   $ 532,500      $ 540,590  
  

 

 

    

 

 

 

Total other long-term assets

   $ 532,500      $ 540,590  
  

 

 

    

 

 

 

Deposits for both years include $432,500 on account with the United Kingdom’s Ministry of Defense relating to the expense deposits for HMS Sussex and $100,000 deposit to fund conservation and documentation of any artifacts recovered. Theses HMS Sussex deposits of $532,500 are refundable in their entirety, net of approved Ministry of Defense related expenses. Other deposits are held by various vendors for services, and in accordance with agreements in the normal course of business.