XML 54 R39.htm IDEA: XBRL DOCUMENT
v3.22.1

Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Investment [Line Items] |
Investments | The following table sets forth the Company’s investments:
|  | March 31, 2022 |  |  | December 31, 2021 |
|  | Carrying Value |  |  | Cost |  |  | Carrying Value |  |  | Cost |
Securrency, Inc. – Series A convertible preferred stock |  | $ | 8,488 |  |  | $ | 8,112 |  |  | $ | 8,488 |  |  | $ | 8,112 |
Securrency, Inc. – Series B convertible preferred stock |  |  | 5,500 |  |  |  | 5,500 |  |  |  | 5,500 |  |  |  | 5,500 |
Subtotal – Securrency, Inc. |  | $ | 13,988 |  |  | $ | 13,612 |  |  | $ | 13,988 |  |  | $ | 13,612 |
Fnality International Limited – convertible note |  |  | 6,700 |  |  |  | 6,863 |  |  |  | — |  |  |  | — |
Onramp Invest, LLC – Simple Agreement for Future Equity |  |  | 250 |  |  |  | 250 |  |  |  | 250 |  |  |  | 250 |
|  |  | $20,938 |  |  |  | $20,725 |  |  |  | $14,238 |  |  |  | $13,862 |
Summary of Inputs Used in Backsolve Valuation Approach of Investment in currency | The table below presents the inputs used in backsolve valuation approach (classified as Level 3 in the fair value hierarchy):
|  | Inputs |
|  | March 8, 2021 |
Expected volatility |  |  | 55 | %
Time to exit (in years) |  |  | 5.0 |
Summary of Inputs Used in PWERM Approach of Investment in Fnality | The table below presents the probability ascribed to potential outcomes used in the PWERM (classified as Level 3 in the fair value hierarchy):
|  | March 31, 2022 |
Conversion of note upon a Qualified Financing Round |  |  | 85 | %
Redemption of note upon a Change of Control |  |  | 10 | %
Default |  |  | 5 | %

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI http://asc.fasb.org/topic&trid=2197064 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI http://asc.fasb.org/topic&trid=75115024 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_InvestmentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent reporting concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | wetf_InvestmentsLineItems
Namespace Prefix: | wetf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration