Note 6 – Deferred Costs A summary of the Company’s deferred costs activity in the accompanying unaudited condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025, is as follows: | | | | | | | | | June 30, | | December 31, | (in thousands) | | 2026 | | 2025 | Deferred costs at beginning of year | | $ | 329 | | $ | 562 | Capitalization | | | | | | | Labor and overhead allocations | | | 175 | | | 484 | Supplier and subcontractor costs | | | 413 | | | 2,284 | | | | 588 | | | 2,768 | Amortization of deferred costs | | | (431) | | | (2,996) | Impairment of costs in excess of contractual value | | | (15) | | | (5) | Deferred costs at end of period | | $ | 471 | | $ | 329 |
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