Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Reconciliation of Net Loss per Common Share

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

Three Months

Six Months

Ended

Ended

June 30,

June 30,

    

2021

    

2020

    

2021

    

2020

Common stock subject to possible redemption

 

  

 

  

 

  

 

  

Numerator: Earnings allocable to Common stock subject to possible redemption

 

  

 

  

 

  

 

  

Interest earned on marketable securities held in Trust Account

$

3,435

$

$

6,833

$

Less: Income taxes and franchise fees

 

(3,435)

 

 

(6,833)

 

Net loss allocable to shares subject to possible redemption

$

$

$

$

Denominator: Weighted Average Common stock subject to possible redemption

 

 

  

 

  

 

  

Basic and diluted weighted average shares outstanding

 

20,821,035

 

 

21,926,782

 

Basic and diluted net income per share

$

$

$

$

Non-Redeemable Common Stock

 

 

  

 

  

 

  

Numerator: Net Loss minus Net Earnings

 

 

  

 

  

 

  

Net loss

$

(4,669,435)

$

$

(27,725)

$

Non-Redeemable Net loss

$

(4,669,435)

$

$

(27,725)

$

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

  

 

  

 

  

Basic and diluted weighted average shares outstanding

8,578,965

 

4,725,275

8,809,768

 

4,725,278

Basic and diluted net loss per share

$

(0.54)

$

$

$

The weighted average of shares for 2020, excluded an aggregate of up to 750,000 shares subject to forfeiture if the over-allotment option was not exercised in full or part by the underwriters.