Corrective Action: Management concurs with the finding and will revise its procedures to ensure that all equipment purchases over the capitalization threshold are capitalized in accordance with GAAP, while continuing to meet grant reporting requirements through separate reporting schedules. Wegner properly capitalized equipment purchases in accordance with GAAP after the audit finding was discussed in September 2025. The Board of Directors also approved the capitalization threshold to be changed from $2,500 to $5,000 on September 25, 2025. Additionally, starting in September 2025, to prevent dual reporting to grant funded expenses, the outsourced CPA adjusted the accounting software to specifically title accounts as grant funded depreciation expenses and grant funded assets.