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
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 share (in dollars, except per share amounts):
 
    
Three Months

Ended
June 30,
    
Six Months

Ended

June 30,
  
    
2021
    
2020
    
2021
    
2020
  
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
    $ 15,932     $ 380,337     $ 63,087     $ 1,434,079  
Unrealized loss on marketable securities held in Trust Account
      (5,039 )      (333,649 )      (52 )      (3,663 ) 
Less: interest available to be withdrawn for payment of taxes
      (10,893 )      (17,080 )      (63,035 )      (303,956 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net income attributable to Class A common stock subject to possible redemption
    $ —       $ 29,608     $ —       $ 1,126,460  
    
 
 
    
 
 
    
 
 
    
 
 
  
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
   
 
31,625,000
 
  
 
28,488,312
 
  
 
28,793,444
 
  
 
28,226,868
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Basic and diluted net income per share, Class A common stock subject to possible redemption
   
$
0.00
 
  
$
0.04
 
  
$
0.00
 
  
$
0.04
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Non-Redeemable
Common Stock
                                 
Numerator: Net Income (Loss) minus Net Earnings
                                 
Net Income (Loss)
    $ (1,823,714 )    $ (9,128,568 )    $ (14,694,704 )    $ (2,686,114 ) 
Net income (loss) allocable to Class A Common stock subject to possible redemption
      —         (29,608 )      —         (1,126,460 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Non-Redeemable
Net Income (Loss)
   
$
(1,823,714
) 
   $ (9,158,176 )   
$
(14,694,704
) 
  
$
(3,812,574
) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Denominator: Weighted Average
Non-redeemable
common stock
                                 
Basic and diluted weighted average shares outstanding,
Non-redeemable
common stock
(1)
  
 
7,906,250
 
  
 
11,042,938
 
  
 
9,314,206
 
  
 
11,304,382
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Basic and diluted net (loss) income per share,
Non-redeemable
common stock
   
$
(0.23
) 
  
$
(0.83
) 
  
$
(1.58
) 
  
$
(0.34
) 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
The Company has not considered the effect of the warrants sold in the Initial Public Offering and private placement to purchase an aggregate of 24,137,500 shares in the calculation of diluted income (loss) per share, since the inclusion of such warrants would be anti-dilutive.