Fixed Assets and intangible assets consist of the following:

	June 30, 2020			June 30, 2019

Software platform	$	4,482,225		$	3,922,558
Furniture and fixtures		1,500			1,500
Less accumulated amortization		(1,085,355	)		(389,884	)
Property and equipment, net	$	3,398,370		$	3,534,174

On November 6, 2018, the Company acquired a customer facing software (“Loyalty Software”) through a Stock Purchase Agreement, where the Company acquired all the issued and outstanding capital stock of Greenlight Technologies, Inc. (“GTI”) from its shareholders. At the time of the transaction, there were no employees working for GTI, no systems and no assets, other than the Loyalty Software. GTI’s legal entity will be dissolved in the transition and the Loyalty Software will be assumed by the Company. Management determined that the purchase of GTI did not constitute a business purchase and recorded the transaction as a purchase of software. The consideration for the Loyalty Software was 2,916,667 shares of common stock, par value $0.001 per share and cash of approximately $450,000. Total value of the Loyalty Software was estimated at approximately $3,010,000. The additional consideration for future developments will be evaluated and considered enhancements which will either be capitalized to the software or expensed as research and development costs. During the year ended June 30, 2020 additional Incentive Shares of 366,667 for a value of $262,500 was issued to shareholders of GTI as final settlement of the 2018 agreement. During the year ended June 30, 2020 and June 30, 2019 the Company capitalized $559,667and $922,558, respectively of software enhancements.

GTI provides cannabis consumers real-time mobile ordering and loyalty rewards through an internally developed application that integrates with the local dispensary’s point of sale system. The Company plans to fully integrate this technology into the current platform and create an “Ultimate Bundle” of services for the cannabis industry. The current revenues of GTI are minimal, and the Company expects higher sales in the California market as the system is fully integrated.

Amortization expense, recorded as cost of revenue, related to internal use software totaled $695,103 during the year ended June 30, 2020 and for the same period ended 2019 amortization expenses was $388,752. Amortization expense for the next five years is as follows:

2021	$	724,445
2022		724,445
2023		724,445
2024		622,359
Thereafter		602,676
Total Unamortized Expense	$	3,398,370