Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of fair value assets measured on a recurring basis
                       
    Quoted Prices   Significant   Significant Other
 

in Active

 Markets

 

Other

 Observable Inputs

 

Unobservable

Inputs

Description   (Level 1)   (Level 2)   (Level 3)
Assets held in Trust at December 31, 2020:                        
Money market fund   $ 109,742,246     $     $  
    $ 109,742,246     $     $  
                         
Liabilities:                        
Warrant liability (As Restated)   $ 30,118,500     $     $ 15,364,800  
Convertible note payable (As Restated)                

1,500,000

 
    $ 30,118,500     $     $ 16,864,800  

 

    Quoted Prices   Significant   Significant Other
   

in Active

 Markets

 

Other

 Observable Inputs

  Unobservable Inputs
Description   (Level 1)   (Level 2)   (Level 3)
Assets held in Trust at December 31, 2019:                        
U.S. Treasury Securities   $ 161,991,526     $     $  
Money market funds     28,383              
    $ 162,019,909     $     $  
                         
Liabilities:                        
Warrant liability (As Restated)   $     $     $ 10,943,950  
Convertible note payable (As Restated)          

      750,000  
    $     $     $ 11,693,950  
Schedule of fair value, liabilities measured on recurring basis
               
    For the Years Ended December 31,
    2020   2019
Warrant liability                
Beginning balance   $ 10,943,950     $ 10,012,550  
Changes in fair value     18,393,350       931,400  
Transfers out of Level 3    

(13,972,500

)      
Ending balance   $ 15,364,800     $ 10,943,950  

 

                 
    For the Years Ended December 31,
    2020   2019
Convertible note payable                
Beginning balance   $ 750,000     $  
Additions     750,000       750,000  
Ending balance   $ 1,500,000     $ 750,000