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Goodwill and Intangible Assets, Net (Tables) - Marketwise, LLC

6 Months Ended

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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