Income Taxes (Tables)

9 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Summary of Deferred Tax Assets Recorded

A summary of the components of the Company’s deferred tax assets at September 30, 2018 and December 31, 2017 are as follows:

	September 30, 2018			December 31, 2017
Deferred tax assets:
NOLs – Foreign	$	5,747		$	3,841
Stock-based compensation		2,206			1,474
Deferred rent liability		1,195			1,257
NOLs – U.S.		762			909
Accrued expenses		1,611			526
Other		207			488
Deferred tax assets		11,728			8,495
Deferred tax liabilities:
Unrealized gains		1,666			1,718
Fixed assets		1,495			1,498
Goodwill and intangible assets		522			388
Prepaid assets		85			—
Deferred tax liabilities		3,768			3,604
Total deferred tax assets less deferred tax liabilities		7,960			4,891
Less: valuation allowance		(5,747	)		(3,841	)
Deferred tax assets, net	$	2,213		$	1,050

Schedule of Changes in Balance of Gross Unrecognized Tax Benefits

The table below sets forth the aggregate changes in the balance of gross unrecognized tax benefits:

	Total			Unrecognized Tax Benefits			Interest and Penalties
Balance on January 1, 2018	$	—		$	—		$	—
Accrued in connection with the ETFS Acquisition		38,488			31,317			7,171
Increases		227			—			227
Foreign currency translation(1)		(3,061	)		(2,491	)		(570	)
Balance at September 30, 2018	$	35,654		$	28,826		$	6,828

(1) The gross unrecognized tax benefits were accrued in British pounds sterling.