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
Accounting Policies [Abstract]  
Summary of earning per share basic and diluted reconciliation
The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):
 
 
  
Year Ended
December 31,
2020
 
  
Year Ended
December 31,
2019
 
Class A Common stock subject to possible redemption
  
     
  
     
Numerator: Earnings allocable to Class A common stock subject to possible redemption
  
     
  
     
Interest earned on marketable securities held in Trust Account
  
$
1,492,477
 
  
$
632,256
 
Unrealized gain (loss) on marketable securities held in Trust Account
  
 
2,868
 
  
 
(5,729
Less: interest available to be withdrawn for payment of taxes
  
 
(240,068
  
 
(186,104
 
  
 
 
 
  
 
 
 
Net income attributable to Class A common stock subject to possible redemption
  
$
1,255,278
 
  
$
440,423
 
 
  
 
 
 
  
 
 
 
Denominator: Weighted Average Class A Common stock subject to possible redemption
  
     
  
     
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
  
 
27,639,376
 
  
 
28,129,383
 
 
  
 
 
 
  
 
 
 
Basic and diluted net income per share, Class A common stock subject to possible redemption
  
$
0.05
 
  
$
0.02
 
 
  
 
 
 
  
 
 
 
Non-Redeemable
Common Stock
  
     
  
     
Numerator: Net Loss minus Net Earnings
  
     
  
     
Net loss
  
$
(15,265,396
  
$
(7,209,680
 
  
Year Ended
December 31,
2020
 
  
Year Ended
December 31,
2019
 
Less: Net income allocable to Class A Common stock subject to possible redemption
  
 
(1,255,278
  
 
(440,423
 
  
 
 
 
  
 
 
 
Non-Redeemable
Net Loss
  
$
(16,520,674
  
$
(7,650,103
 
  
 
 
 
  
 
 
 
Denominator: Weighted Average
Non-Redeemable
common stock
  
     
  
     
Basic and diluted weighted average shares outstanding,
Non-redeemable
common stock
  
 
11,891,874
 
  
 
7,814,396
 
 
  
 
 
 
  
 
 
 
Basic and diluted net loss per share,
Non-redeemable
common stock
  
$
(1.39
  
$
(0.98