INCOME TAX (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| INCOME TAX |
|
| Schedule of Company's net deferred tax assets |
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020
|
|
December 31, 2019
|
|
Deferred tax assets
|
|
|
|
|
|
|
|
Net operating loss carryforward
|
|
$
|
49,154
|
|
$
|
—
|
|
Unrealized gain on marketable securities
|
|
|
(6,726)
|
|
|
—
|
|
Total deferred tax assets
|
|
|
42,428
|
|
|
—
|
|
Valuation Allowance
|
|
|
(42,428)
|
|
|
—
|
|
Deferred tax assets
|
|
$
|
—
|
|
$
|
—
|
|
| Schedule of components of income tax provision |
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020
|
|
December 31, 2019
|
|
Federal
|
|
|
|
|
|
|
|
Current
|
|
$
|
—
|
|
$
|
—
|
|
Deferred
|
|
|
(42,428)
|
|
|
—
|
|
State and Local
|
|
|
|
|
|
|
|
Current
|
|
|
—
|
|
|
—
|
|
Deferred
|
|
|
—
|
|
|
—
|
|
Change in valuation allowance
|
|
|
(42,428)
|
|
|
—
|
|
Income tax provision
|
|
$
|
—
|
|
$
|
—
|
|
| Schedule of reconciliation of the statutory federal income tax rate to the Company's effective tax rate (benefit) |
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
December 31,
|
|
|
|
|
2020
|
|
2019
|
|
|
Statutory federal income tax rate
|
|
21.0
|
%
|
21.0
|
%
|
|
State taxes, net of federal tax benefit
|
|
0.0
|
%
|
0.0
|
%
|
|
Business combination expenses
|
|
(17.1)
|
%
|
0.0
|
%
|
|
Meals and entertainment
|
|
0.0
|
%
|
0.3
|
%
|
|
Valuation allowance
|
|
(3.9)
|
%
|
0.0
|
%
|
|
Income tax provision
|
|
0.0
|
%
|
21.3
|
%
|
|