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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets [Abstract] |
Schedule of Goodwill | The table below sets forth goodwill which is tested annually for impairment on November 30th:
|  | Total
Balance at January 1, 2024 |  | $ | 86,841 |
Changes |  |  | — |
Balance at September 30, 2024 |  | $ | 86,841 |
Schedule of Intangible Assets | The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30th:
|  | Balance at September 30, 2024
Item |  | Gross Asset |  | Accumulated Amortization |  | Net Asset
ETFS Acquisition |  | $ | 601,247 |  |  | $ | — |  |  | $ | 601,247 |
Software development |  |  | 6,309 |  |  |  | (1,754 | ) |  |  | 4,555 |
Balance at September 30, 2024 |  | $ | 607,556 |  |  | $ | (1,754 | ) |  | $ | 605,802 |
|  | Balance at December 31, 2023
Item |  | Gross Asset |  | Accumulated Amortization |  | Net Asset
ETFS Acquisition |  | $ | 601,247 |  |  | $ | — |  |  | $ | 601,247 |
Software development |  |  | 4,519 |  |  |  | (684 | ) |  |  | 3,835 |
Balance at December 31, 2023 |  | $ | 605,766 |  |  | $ | (684 | ) |  | $ | 605,082 |
Schedule of Expected Amortization Expense | As of September 30, 2024, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:
Remainder of 2024 |  | $ | 483 |
2025 |  |  | 2,068 |
2026 |  |  | 1,486 |
2027 |  |  | 518 |
2028 and thereafter |  |  | — |
Total expected amortization expense |  | $ | 4,555 |

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