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Goodwill and Intangible Assets, Net
6 Months Ended
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 Chaikin5,237 
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
CostAccumulated AmortizationNet Book ValueWeighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets:
Customer relationships$12,369 $(7,491)$4,878 4.8
Tradenames3,578 (1,637)$1,941 5.8
Capitalized software development costs2,762 (1,137)1,625 3.4
Finite-lived intangible assets, net18,709 (10,265)8,444 
Indefinite-lived intangible assets:
Cryptocurrencies— — — 
Internet domain names1,052 — 1,052 
Indefinite-lived intangible assets, net1,052 — 1,052 
Intangible assets, net$19,761 $(10,265)$9,496 
December 31, 2020
CostAccumulated AmortizationNet Book
Value
Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets:
Customer relationships$8,705 $(6,675)$2,030 2.7
Tradenames2,921 (1,433)1,488 4.9
Capitalized software development costs2,495 (934)1,561 3.8
Finite-lived intangible assets, net14,121 (9,042)5,079 
Indefinite-lived intangible assets:
Cryptocurrencies— 
Internet domain names195 — 195 
Indefinite-lived intangible assets, net199 — 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 
20222,090 
20231,926 
20241,436 
20251,005 
Thereafter961 
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 GSA947 
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
CostAccumulated AmortizationNet Book
Value
Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets:
Customer relationships$8,705 $(6,675)$2,030 2.7
Tradenames2,921 (1,433)1,488 4.9
Capitalized software development costs2,495 (934)1,561 3.8
Finite-lived intangible assets, net14,121 (9,042)5,079 
Indefinite-lived intangible assets:
Cryptocurrencies— 
Internet domain names195 — 195 
Indefinite-lived intangible assets, net199 — 199 
Intangible assets, net$14,320 $(9,042)$5,278 
As of December 31, 2019
CostAccumulated AmortizationNet Book
Value
Weighted-Average Remaining Useful Life (in years)
Finite-lived intangible assets:
Customer relationships$8,705 $(5,332)$3,373 3.2
Tradenames2,921 (1,089)1,832 5.8
Capitalized software development costs2,495 (519)1,976 4.8
Finite-lived intangible assets, net14,121 (6,940)7,181 
Indefinite-lived intangible assets:
Cryptocurrencies34 — 34 
Indefinite-lived intangible assets, net34 — 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 
20221,335 
20231,149 
2024657 
2025 and beyond337 
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$857 
Additions2,150 
Distributions to customers(1,606)
Sales(724)
Impairment(330)
Balance at December 31, 2018347 
Sales(313)
Balance at December 31, 201934 
Sales(30)
Balance at December 31, 2020$