Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted net income per share calculation

 

 

 

 

 

 

 

 

    

 

 

    

For the

 

 

 

 

 

Period

 

 

 

 

 

from

 

 

 

 

 

December

 

 

 

 

 

23, 2019

 

 

Year ended

 

(Inception)

 

 

December 31, 

 

through  December 31,

 

 

2020

 

2019

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

 

$

11,254

 

$

 —

Less: Income taxes and franchise fees

 

 

(11,254)

 

 

 —

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

 

 

21,833,901

 

 

 —

Basic and diluted net income per share

 

$

0.00

 

$

 —

 

 

 

 

 

 

 

Non-Redeemable Common Stock

 

 

  

 

 

  

Numerator: Net Loss minus Net Earnings

 

 

  

 

 

  

Net loss

 

$

(1,460,914)

 

$

(1,000)

Net loss allocable to Common stock subject to possible redemption

 

 

 —

 

 

 —

Non-Redeemable Net Loss

 

$

(1,460,914)

 

$

(1,000)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

  

 

 

  

Basic and diluted weighted average shares outstanding

 

$

5,748,425

 

 

 —

Basic and diluted net loss per share

 

$

(0.25)

 

$

(0.00)