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Subsequent Events (Tables) | 3 Months Ended
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Mar. 31, 2018
Subsequent Events [Abstract] |
Summary of Allocation Of Preliminary Purchase Price | The following table summarizes the preliminary allocation of the purchase price as of the acquisition date:
Purchase price |
Preferred Shares issued |  |  | 14,750 |
Conversion ratio |  |  | 1,000 |
Common stock equivalents |  |  | 14,750,000 |
Common Shares issued |  |  | 15,250,000 |
Total shares issued |  |  | 30,000,000 |
WisdomTree stock price(1) |  | $ | 9.00 |
Equity portion of purchase price |  | $ | 270,000 |
Cash portion of purchase price |  |  |  |
Term loan |  |  | 200,000 |
Cash on hand |  |  | 53,000 |
Purchase price |  |  | 523,000 |
Deferred consideration(2) |  |  | 172,746 |
Total |  | $ | 695,746 |
Preliminary allocation of consideration |  |  |  |
ETFS net assets acquired(3) |  |  | 8,500 |
Intangible assets(4) |  |  | 602,396 |
Fair value of net assets acquired |  |  | 610,896 |
Preliminary goodwill resulting from the ETFS acquisition (5) |  | $ | 84,850 |
Summary of Financial covenant and Leverage Ratio | The Credit Agreement includes a financial covenant that requires that the Company maintain a Total Leverage Ratio, calculated as of the last day of each fiscal quarter commencing with the fiscal quarter ending September 30, 2018, equal to or less than the ratio set forth opposite such fiscal quarter:
Fiscal Quarter Ending |  | Total Leverage Ratio |
September 30, 2018 |  |  | 2.75:1.00 |
December 31, 2018 |  |  | 2.75:1.00 |
March 31, 2019 |  |  | 2.75:1.00 |
June 30, 2019 |  |  | 2.50:1.00 |
September 30, 2019 |  |  | 2.50:1.00 |
December 31, 2019 |  |  | 2.50:1.00 |
March 31, 2020 |  |  | 2.25:1.00 |
June 30, 2020 |  |  | 2.25:1.00 |
September 30, 2020 and each subsequent fiscal quarter ending on or before the Maturity Date |  |  | 2.00:1.00 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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- References No definition available. + Details
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- Definition Schedule Of Required Ratios Under Financial Covenants And Leverage Ratios + References No definition available. + Details
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