Goodwill and Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Goodwill and Intangible Assets [Abstract] |
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| Schedule of Goodwill which is Tested Annually for Impairment |
The table below sets forth goodwill which is tested annually for impairment on November 30th: | Item | | Asset | | Foreign
Currency
Translation | | Adjusted Asset | | Goodwill—ETFS acquisition | | $ | 85,042 | | | $ | — | | | $ | 85,042 | | | Goodwill—Ceres acquisition | | | 141,783 | | | | — | | | | 141,783 | | | Goodwill—Atlantic House acquisition | | | 130,417 | | | | (3,634 | ) | | | 126,783 | | | Goodwill—Other | | | 1,799 | | | | — | | | | 1,799 | | | Balance at June 30, 2026 | | $ | 359,041 | | | $ | (3,634 | ) | | $ | 355,407 | |
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| Schedule of Intangible Assets which are Tested Annually for Impairment |
The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30th: | | | Balance at June 30, 2026 | | Item | | Gross Asset | | Accumulated
Amortization | | Foreign
Currency
Translation | | Net Asset | | ETFS acquisition | | $ | 601,247 | | | $ | — | | | $ | — | | | $ | 601,247 | | | Ceres intangible assets | | | 143,500 | | | | (4,305 | ) | | | — | | | | 139,195 | | | Atlantic House intangible assets | | | 88,458 | | | | (1,177 | ) | | | (939 | ) | | | 86,342 | | | Software development | | | 11,582 | | | | (5,360 | ) | | | — | | | | 6,222 | | | Balance at June 30, 2026 | | $ | 844,787 | | | $ | (10,842 | ) | | $ | (939 | ) | | $ | 833,006 | | | | | Balance at December 31, 2025 | | | | | | Item | | Gross Asset | | Accumulated
Amortization | | Net Asset | | | | | | ETFS acquisition | | $ | 601,247 | | | $ | — | | | $ | 601,247 | | | | | | | Ceres intangible assets | | | 143,500 | | | | (1,435 | ) | | | 142,065 | | | | | | | Software development | | | 9,823 | | | | (4,178 | ) | | | 5,645 | | | | | | | Balance at December 31, 2025 | | $ | 754,570 | | | $ | (5,613 | ) | | $ | 748,957 | | | | | |
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| Schedule of Intangible Assets |
In connection with the Atlantic House acquisition, which was completed on May 1, 2026, the Company recognized the following intangible assets: | Intangible Asset | | Useful Life (years) | | Management contracts | | 25 | | Customer relationships | | 7 | | Non-compete agreements | | 3 | | Trade names and trademarks | | 1 | | Model distribution relationships | | 10 |
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| Schedule of Expected Amortization Expense for the Unamortized Finite-Lived Intangible Assets |
As of June 30, 2026, estimated future amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows: | | | Ceres
intangible
assets | | Atlantic House
intangible
assets(1) | | Software
development | | Total | | 2026 | | $ | 2,870 | | | $ | 3,614 | | | $ | 1,416 | | | $ | 7,900 | | | 2027 | | | 5,740 | | | | 6,346 | | | | 2,439 | | | | 14,525 | | | 2028 | | | 5,740 | | | | 5,905 | | | | 1,790 | | | | 13,435 | | | 2029 | | | 5,740 | | | | 4,876 | | | | 577 | | | | 11,193 | | | 2030 | | | 5,740 | | | | 4,361 | | | | — | | | | 10,101 | | | 2031 and thereafter | | | 113,365 | | | | 60,408 | | | | — | | | | 173,773 | | | Total expected amortization expense | | $ | 139,195 | | | $ | 85,510 | | | $ | 6,222 | | | $ | 230,927 | | | Weighted-average remaining useful life (in years) | | | 24.3 | | | | 21.1 | | | | 2.5 | | | | | | ____________________________ | (1) | Amounts related to Atlantic House have been translated using exchange rates in effect at June 30, 2026. Actual amortization expense recognized in future periods will vary due to changes in foreign currency exchange rates. |
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