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Goodwill and Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2021
Marketwise, LLC |
Goodwill [Line Items] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net 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 |
Intangible assets, net 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 |  |  |
We recorded amortization expense related to finite-lived intangible assets of $582 and $524 for the three months ended June 30, 2021 and 2020, and $1,223 and $1,046 for the six months ended June 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 $102 and $104 for the three months ended June 30, 2021 and 2020, and $203 and $207 for the six months ended June 30, 2021 and 2020, respectively. We recorded additions to capitalized software development costs of $267 for the six months ended June 30, 2021. This amount includes acquired software of $247. 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 |
Goodwill and Intangible Assets, Net Goodwill 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 |
Intangible assets, net 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 |  |  |
We recorded amortization expense related to finite-lived intangible assets of $2,102, $1,710 and $1,721 for the years ended December 31, 2020, 2019 and 2018, respectively, within depreciation and amortization in the accompanying consolidated statement of operations. We recorded additions to capitalized software development costs of $0, $752 and $848 for the years ended December 31, 2020, 2019 and 2018, respectively. Amortization of capitalized software development costs recognized in the consolidated statement of operations was $415, $130 and $43 for the years ended December 31, 2020, 2019 and 2018, respectively. 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 |  |  |  |  |  |  |  |
Indefinite-lived intangible assets – Cryptocurrencies 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 |

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