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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 21. Goodwill and Intangible Assets Goodwill The table below sets forth goodwill which is tested annually for impairment on November 30 th :
|  | Total |
Balance at January 1, 2022 |  | $ | 85,856 |
Changes |  |  | — |
Balance at September 30, 2022 |  | $ | 85,856 |
Goodwill arising from the ETFS Acquisition of $84,057 is not deductible for tax purposes as the acquisition was structured as a stock acquisition occurring in the United Kingdom. The remainder of the goodwill is deductible for U.S. tax purposes. Intangible Assets
Item |  | Gross Asset |  |  | Accumulated Amortization |  |  | Net Asset |
ETFS acquisition |  | $ | 601,247 |  |  | $ | — |  |  | $ | 601,247 |
Software development |  |  | 1,958 |  |  |  | (1) |  |  |  | 1,957 |
Balance at September 30, 2022 |  | $ | 603,205 |  |  | $ | (1) |  |  | $ | 603,204 |
ETFS Acquisition (Indefinite-Lived) In connection with the ETFS Acquisition, which was completed on April 11, 2018, the Company identified intangible assets valued at $601,247 related to the right to manage AUM through customary advisory agreements. These intangible assets were determined to have indefinite useful lives and are not deductible for tax purposes. The Company’s tests these indefinite-lived intangible assets annually for impairment on November 30 th . Software Development (Finite-Lived) Internally-developed software is amortized over a useful life of three years. During the three and nine months ended September 30, 2022, the Company recognized amortization expense on internally-developed software of $1. As of September 30, 2022, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:
Remainder of 2022 |  | $ | 57 |
2023 |  |  | 653 |
2024 |  |  | 653 |
2025 |  |  | 594 |
2026 |  |  | — |
2027 and thereafter |  |  | — |
Total expected amortization expense |  | $ | 1,957 |
The weighted-average remaining useful life of the finite-lived intangible assets is 3.0 years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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