Registration of securities issued in business combination transactions

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of basic and diluted loss per common share

 

 

 

 

 

 

 

 

 

 

 

 

For the Period

 

 

 

 

 

from

 

 

 

 

 

May 24, 2019

 

 

 

 

 

(inception)

 

 

Year Ended

 

through

 

 

   December 31,

 

   December 31,

 

    

2020

 

2019

Common stock subject to possible redemption

 

 

 

 

 

 

Numerator: Earnings allocable to Common stock subject to possible redemption

 

 

 

 

 

 

Interest earned on marketable securities held in Trust Account

 

$

572,275

 

$

886,588

Unrealized loss on marketable securities held in Trust Account

 

 

 —

 

 

 —

Net Income allocable to shares subject to possible redemption

 

$

572,275

 

$

886,588

Denominator: Weighted Average Common stock subject to possible redemption

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

26,160,492

 

 

26,187,830

Basic and diluted net income per share

 

$

0.02

 

$

0.03

 

 

 

 

 

 

 

Non-Redeemable Common Stock

 

 

 

 

 

 

Numerator: Net Loss minus Net Earnings

 

 

 

 

 

 

Net Income

 

$

127,718

 

$

784,778

Net Income allocable to Common stock subject to possible redemption

 

 

(572,275)

 

 

(886,588)

Non-Redeemable Net Loss

 

$

(444,557)

 

$

(101,810)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

8,214,508

 

 

7,170,375

Basic and diluted net loss per share

 

$

(0.05)

 

$

(0.01)