CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
|
2 Months Ended |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2020 |
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (492)
|
$ (1,061,802)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Interest earned on marketable securities held in Trust Account |
|
(31,669)
|
| Unrealized gain on marketable securities held in Trust Account |
|
(362)
|
| Formation costs paid by Sponsor |
267
|
|
| Changes in operating assets and liabilities: |
|
|
| Prepaid expenses |
|
(34,334)
|
| Accrued expenses |
|
756,545
|
| Income taxes payable |
225
|
|
| Net cash used in operating activities |
|
(371,622)
|
| Cash Flows from Investing Activities: |
|
|
| Investment of cash in Trust Account |
|
(58,647,960)
|
| Net cash used in investing activities |
|
(58,647,960)
|
| Cash Flows from Financing Activities: |
|
|
| Proceeds from collection of stock subscription receivable |
|
25,000
|
| Proceeds from sale of Units, net of underwriting discounts paid |
|
56,060,550
|
| Proceeds from sale of Private Units |
|
3,552,410
|
| Proceeds from sale of unit purchase option |
|
100
|
| Proceeds from promissory note - related party |
|
157,206
|
| Repayment of promissory note - related party |
|
(257,704)
|
| Payment of offering costs |
|
(460,248)
|
| Net cash provided by financing activities |
|
59,077,314
|
| Net Change in Cash |
|
57,732
|
| Cash - Beginning |
0
|
0
|
| Cash - Ending |
0
|
57,732
|
| Non-cash investing and financing activities: |
|
|
| Initial classification of common stock subject to possible redemption |
|
52,064,441
|
| Change in value of common stock subject to possible redemption |
|
(1,061,592)
|
| Deferred underwriting fee payable |
|
$ 2,012,430
|
| Issuance of common stock for stock subscription receivable |
25,000
|
|
| Offering costs included in accrued offering costs |
$ 100,231
|
|