Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.21.2
BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 68,986 $ 161,405
Prepaid expenses 1,598 304,077
Total current assets 70,584 465,482
Marketable securities held in Trust Account 109,742,246 162,019,909
Total assets 109,812,830 162,485,391
Current liabilities:    
Accounts payable 1,961,576 121,516
Accrued expenses 0 30,610
Convertible note payable - related parties 1,500,000 750,000
Promissory note – related party 1,000,000 0
Franchise tax payable 40,051 40,000
Total current liabilities 4,501,627 942,126
Deferred tax liabilities 0 128,105
Deferred underwriting commissions 5,433,750 5,433,750
Warrant liability 45,483,300 10,943,950
Total liabilities 55,418,677 17,447,931
Commitments    
Class A common stock, $0.0001 par value; 0 and 13,413,549 shares subject to possible redemption at $0 and $10.44 per share at December 31, 2020 and 2019, respectively 0 140,037,451
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2020 and 2019, respectively 0 0
Additional paid-in capital 89,019,318 2,990,157
Accumulated deficit (34,626,592) 2,009,253
Total stockholders’ equity (deficit) 54,394,153 5,000,009
Total Liabilities and Stockholders’ Equity 109,812,830 162,485,391
Common Class A [Member]    
Stockholders’ Equity:    
Common stock value 1,039 211
Common Class B [Member]    
Stockholders’ Equity:    
Common stock value $ 388 $ 388