XML 46 R14.htm IDEA: XBRL DOCUMENT
v3.21.2

Balance Sheet Components | 6 Months Ended
--- | ---
Jun. 30, 2021
Marketwise, LLC |
Property, Plant and Equipment [Line Items] |
Balance Sheet Components | Balance Sheet Components Property and Equipment, Net Property and equipment, net consists of the following:
|  |  | As of |  |
| Estimated Useful Lives |  | June 30, 2021 |  | December 31, 2020 |  |
Furniture and fixtures | 5 years |  | $ | 960 |  |  | $ | 960 |  |  |
Computers, software and equipment | 3 years |  | 1,327 |  |  | 1,220 |  |  |
Leasehold improvements | Shorter of estimated useful life or remaining term of lease |  | 1,278 |  |  | 1,278 |  |  |
|  |  | 3,565 |  |  | 3,458 |  |  |
Less: Accumulated depreciation and amortization |  |  | (2,265) |  |  | (2,041) |  |  |
Total property and equipment, net |  |  | $ | 1,300 |  |  | $ | 1,417 |  |  |
Depreciation and amortization expense for property and equipment was $114 and $138 for the three months ended June 30, 2021 and 2020, and $224 and $226 for the six months ended June 30, 2021 and 2020, respectively. Accrued Expenses Accrued expenses consist of the following:
| As of |
| June 30, 2021 |  | December 31, 2020 |
Commission and variable compensation | $ | 45,456 |  |  | $ | 17,271 |  |
Payroll and benefits | 3,437 |  |  | 3,645 |  |
Other accrued expenses | 16,365 |  |  | 11,218 |  |
Total accrued expenses | $ | 65,258 |  |  | $ | 32,134 |  |
Balance Sheet Components Property and Equipment, Net Property and equipment, net consists of the following:
|  |  | As of December 31, |  |
| Estimated Useful Lives |  | 2020 |  | 2019 |  |
Furniture and fixtures | 5 years |  | $ | 960 |  |  | $ | 960 |  |  |
Computers, software and equipment | 3 years |  | 1,220 |  |  | 1,183 |  |  |
Leasehold improvements | Shorter of estimated useful life or remaining term of lease |  | 1,278 |  |  | 1,025 |  |  |
|  |  | 3,458 |  |  | 3,168 |  |  |
Less: Accumulated depreciation and amortization |  |  | (2,041) |  |  | (1,590) |  |  |
Total property and equipment, net |  |  | $ | 1,417 |  |  | $ | 1,578 |  |  |
Depreciation and amortization expense for property and equipment was $451, $624 and $813 for the years ended December 31, 2020, 2019 and 2018, respectively. Other Current Assets Other current assets consist of the following:
| As of December 31, |  |
| 2020 |  | 2019 |  |
Other current assets | $ | 1,889 |  |  | $ | 1,070 |  |  |
Accrued Expenses Accrued expenses consist of the following:
| As of December 31, |  |
| 2020 |  | 2019 |  |
Commission and bonus | $ | 17,271 |  |  | $ | 24,570 |  |  |
Payroll and benefits | 3,645 |  |  | 2,520 |  |  |
Accrued interest | — |  |  | 325 |  |  |
Other accrued expenses | 11,218 |  |  | 6,111 |  |  |
Total accrued expenses | $ | 32,134 |  |  | $ | 33,526 |  |  |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=acnd_MarketwiseLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |