Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The table below sets forth goodwill which is tested annually for impairment on November 30


	Total
Balance at January 1, 2023	$	85,856
Changes		985 (1)

Balance at June 30, 2023	$	86,841

(1)

On April 11, 2023, the Company acquired 100% of the equity interests of Securrency Transfers, Inc. (renamed WisdomTree Transfers, Inc.) for an aggregate purchase price of $985 (net of cash acquired).

The acquisition has been accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations, and resulted in all consideration being allocated to goodwill.

Summary of Intangible Assets

The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30


	Balance at June 30, 2023
Item	Gross Asset		Accumulated Amortization		Net Asset
ETFS acquisition		$ 601,247		$ —		$ 601,247
Software development		3,316		(156)		3,160

Balance at June 30, 2023		$ 604,563		$ (156)		$ 604,407


	Balance at December 31, 2022
Item	Gross Asset		Accumulated Amortization		Net Asset
ETFS acquisition		$ 601,247		$ —		$ 601,247
Software development		2,370		(50)		2,320

Balance at December 31, 2022		$ 603,617		$ (50)		$ 603,567

Summary of Unamortized Finite-lived Intangible Assets

As of June 30, 2023, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:


Remainder of 2023			$ 544
2024			1,087
2025			1,056
2026			454
2027			19
2028 and thereafter			—

Total expected amortization expense			$ 3,160