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Goodwill and Intangible Assets, Net (Tables) - Marketwise, LLC | 6 Months Ended
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Jun. 30, 2021
Goodwill [Line Items] |
Schedule of 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 June 30, 2021 | $ | 23,338 |
The changes in the carrying amounts of goodwill are as follows:
Balance at January 1, 2019 | $ | 17,154 |
Acquisition of GSA | 947 |
Balance at December 31, 2019 | $ | 18,101 |
Balance at December 31, 2020 | $ | 18,101 |
Schedule of Indefinite-Lived Intangible Assets | Intangible assets, net consisted of the following as of the dates indicated:
| June 30, 2021
| Cost |  | Accumulated Amortization |  | Net Book Value |  | Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets: |  |  |  |  |  |  |
Customer relationships | $ | 12,369 |  |  | $ | (7,491) |  |  | $ | 4,878 |  |  | 4.8
Tradenames | 3,578 |  |  | (1,637) |  |  | $ | 1,941 |  |  | 5.8
Capitalized software development costs | 2,762 |  |  | (1,137) |  |  | 1,625 |  |  | 3.4
Finite-lived intangible assets, net | 18,709 |  |  | (10,265) |  |  | 8,444 |  |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Cryptocurrencies | — |  |  | — |  |  | — |  |  |
Internet domain names | 1,052 |  |  | — |  |  | 1,052 |  |  |
Indefinite-lived intangible assets, net | 1,052 |  |  | — |  |  | 1,052 |  |  |
Intangible assets, net | $ | 19,761 |  |  | $ | (10,265) |  |  | $ | 9,496 |  |  |
| 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 |  |  |
Intangible assets, net consisted of the following as of the dates indicated:
| As of 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 |  |  |
| As of December 31, 2019
| Cost |  | Accumulated Amortization |  | Net Book Value |  | Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets: |  |  |  |  |  |  |
Customer relationships | $ | 8,705 |  |  | $ | (5,332) |  |  | $ | 3,373 |  |  | 3.2
Tradenames | 2,921 |  |  | (1,089) |  |  | 1,832 |  |  | 5.8
Capitalized software development costs | 2,495 |  |  | (519) |  |  | 1,976 |  |  | 4.8
Finite-lived intangible assets, net | 14,121 |  |  | (6,940) |  |  | 7,181 |  |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Cryptocurrencies | 34 |  |  | — |  |  | 34 |  |  |
Indefinite-lived intangible assets, net | 34 |  |  | — |  |  | 34 |  |  |
Intangible assets, net | $ | 14,155 |  |  | $ | (6,940) |  |  | $ | 7,215 |  |  |
The changes in the carrying amounts of cryptocurrencies held by the Company were as follows:
Balance at January 1, 2018 | $ | 857 |
Additions | 2,150 |
Distributions to customers | (1,606) |
Sales | (724) |
Impairment | (330) |
Balance at December 31, 2018 | 347 |
Sales | (313) |
Balance at December 31, 2019 | 34 |
Sales | (30) |
Balance at December 31, 2020 | $ | 4 |
Schedule of Finite-Lived Intangible Assets | Intangible assets, net consisted of the following as of the dates indicated:
| June 30, 2021
| Cost |  | Accumulated Amortization |  | Net Book Value |  | Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets: |  |  |  |  |  |  |
Customer relationships | $ | 12,369 |  |  | $ | (7,491) |  |  | $ | 4,878 |  |  | 4.8
Tradenames | 3,578 |  |  | (1,637) |  |  | $ | 1,941 |  |  | 5.8
Capitalized software development costs | 2,762 |  |  | (1,137) |  |  | 1,625 |  |  | 3.4
Finite-lived intangible assets, net | 18,709 |  |  | (10,265) |  |  | 8,444 |  |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Cryptocurrencies | — |  |  | — |  |  | — |  |  |
Internet domain names | 1,052 |  |  | — |  |  | 1,052 |  |  |
Indefinite-lived intangible assets, net | 1,052 |  |  | — |  |  | 1,052 |  |  |
Intangible assets, net | $ | 19,761 |  |  | $ | (10,265) |  |  | $ | 9,496 |  |  |
| 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 |  |  |
Intangible assets, net consisted of the following as of the dates indicated:
| As of 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 |  |  |
| As of December 31, 2019
| Cost |  | Accumulated Amortization |  | Net Book Value |  | Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets: |  |  |  |  |  |  |
Customer relationships | $ | 8,705 |  |  | $ | (5,332) |  |  | $ | 3,373 |  |  | 3.2
Tradenames | 2,921 |  |  | (1,089) |  |  | 1,832 |  |  | 5.8
Capitalized software development costs | 2,495 |  |  | (519) |  |  | 1,976 |  |  | 4.8
Finite-lived intangible assets, net | 14,121 |  |  | (6,940) |  |  | 7,181 |  |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Cryptocurrencies | 34 |  |  | — |  |  | 34 |  |  |
Indefinite-lived intangible assets, net | 34 |  |  | — |  |  | 34 |  |  |
Intangible assets, net | $ | 14,155 |  |  | $ | (6,940) |  |  | $ | 7,215 |  |  |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | As of June 30, 2021, the total expected future amortization expense for finite-lived intangible assets is as follows:
Remainder of 2021 | $ | 1,026 |
2022 | 2,090 |
2023 | 1,926 |
2024 | 1,436 |
2025 | 1,005 |
Thereafter | 961 |
Finite-lived intangible assets, net | $ | 8,444 |
As of December 31, 2020, the total expected future amortization expense for finite-lived intangible assets is as follows:
2021 | $ | 1,599 |  |  |  |  |  |  |  |
2022 | 1,335 |  |  |  |  |  |  |  |
2023 | 1,149 |  |  |  |  |  |  |  |
2024 | 657 |  |  |  |  |  |  |  |
2025 and beyond | 337 |  |  |  |  |  |  |  |
Finite-lived intangible assets, net | $ | 5,077 |  |  |  |  |  |  |  |

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