SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted loss per share

 

 

 

 

 

 

 

 

    

 

 

    

For the

 

 

 

 

 

 Period from 

 

 

 

 

 

November 12, 

 

 

 

 

 

2019

 

 

 

 

 

(Inception) 

 

 

Year Ended

 

Through 

 

 

December 31, 

 

December 31, 

 

 

2020

 

2019

Redeemable Common Stock

 

 

 

 

 

 

Numerator: Earnings allocable to Redeemable Common Stock

 

 

 

 

 

 

Interest Income

 

$

27,904

 

$

 —

Unrealized Gain on Marketable Securities

 

 

319

 

 

 —

Income Tax, Franchise Tax, and Regulatory Compliance Fees

 

 

(28,233)

 

 

 —

Net Earnings

 

$

 —

 

 

 —

Denominator: Weighted Average Redeemable Common Stock

 

 

 

 

 

 

Redeemable Common Stock, Basic and Diluted

 

 

5,061,856

 

 

 —

Earnings/Basic and Diluted Redeemable Common Stock

 

$

0.00

 

$

0.00

 

 

 

 

 

 

 

Non-Redeemable Common Stock

 

 

 

 

 

 

Numerator: Net (Loss) Income minus Redeemable Net Earnings

 

 

 

 

 

 

Net (Loss) Income

 

$

(1,061,802)

 

$

(492)

Less: Redeemable Net Earnings

 

 

 —

 

 

 —

Non-Redeemable Net Loss

 

$

(1,061,802)

 

$

(492)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

 

 

 

 

Non-Redeemable Common Stock, Basic and Diluted

 

 

1,912,761

 

 

1,250,000

Loss/Basic and Diluted Non-Redeemable Common Stock

 

$

(0.56)

 

$

0.00