Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying amounts of goodwill are as follows:





Balance at January 1, 2021	$	18,101
Acquisition of Chaikin	5,237
Balance at September 30, 2021	$	23,338

Intangible assets, net

Intangible assets, net consisted of the following as of the dates indicated:


	September 30, 2021
	Cost		Accumulated Amortization		Net Book Value		Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets:
Customer relationships	$	12,369	$	(7,799)	$	4,570	4.6
Tradenames	3,578		(1,739)		$	1,839	5.5
Capitalized software development costs	2,842		(1,240)		1,602		3.1
Finite-lived intangible assets, net	18,789		(10,778)		8,011

Indefinite-lived intangible assets:
Cryptocurrencies	—		—		—
Internet domain names	1,085		—		1,085
Indefinite-lived intangible assets, net	1,085		—		1,085
Intangible assets, net	$	19,874	$	(10,778)	$	9,096


	December 31, 2020
	Cost		Accumulated Amortization		Net Book Value		Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets:
Customer relationships	$	8,705	$	(6,675)	$	2,030	2.7
Tradenames	2,921		(1,433)		1,488		4.9
Capitalized software development costs	2,495		(934)		1,561		3.8
Finite-lived intangible assets, net	14,121		(9,042)		5,079

Indefinite-lived intangible assets:
Cryptocurrencies	4		—		4
Internet domain names	195		—		195
Indefinite-lived intangible assets, net	199		—		199
Intangible assets, net	$	14,320	$	(9,042)	$	5,278

We recorded amortization expense related to finite-lived intangible assets of $513 and $529 for the three months ended September 30, 2021 and 2020, and $1,736 and $1,575 for the nine months ended September 30, 2021 and 2020, respectively, within depreciation and amortization in the accompanying consolidated statement of operations. These amounts include amortization of capitalized software development costs of $103 and $104 for the

three months ended September 30, 2021 and 2020, and $306 and $311 for the nine months ended September 30, 2021 and 2020, respectively.

We recorded additions to capitalized software development costs of $347 for the nine months ended September 30, 2021. This amount includes acquired software of $247.

As of September 30, 2021, the total expected future amortization expense for finite-lived intangible assets is as follows:


Remainder of 2021	$	515
2022	2,116
2023	1,953
2024	1,460
2025	1,005
Thereafter	962
Finite-lived intangible assets, net	$	8,011