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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets [Abstract]

Schedule of Goodwill

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

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

Schedule of Intangible Assets

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

		Balance at September 30, 2023
Item		Gross Asset				Accumulated Amortization				Net Asset
ETFS acquisition		$	601,247			$	—			$	601,247
Software development			3,939				(405	)			3,534
Balance at September 30, 2023		$	605,186			$	(405	)		$	604,781

		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

Schedule of Unamortized Finite-Lived Intangible Assets

As of September 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		$	300
2024			1,265
2025			1,262
2026			656
2027			51
2028 and thereafter			—
Total expected amortization expense		$	3,534