CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) |
3 Months Ended | |
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Mar. 31, 2021 |
Mar. 31, 2020 |
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Cash Flows From Operating Activities: | ||
Net (loss) income | $ (1,080,978) | $ 5,697,071 |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
Interest earned on Trust Account | (4,136) | (869,270) |
Change in fair value of warrant liabilities | 850,001 | (5,125,000) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (73,500) | (23,625) |
Accounts payable and accrued expenses | (52,236) | (43,518) |
Income taxes payable | 152,069 | |
Net cash used in operating activities | (360,848) | (212,273) |
Cash Flows from Financing Activities: | ||
Net decrease in cash | (360,848) | (212,273) |
Cash - beginning of period | 846,068 | 1,305,608 |
Cash - end of period | 485,220 | 1,093,335 |
Supplemental non-cash financing activities: | ||
Deferred offering costs | 1,200,000 | |
Change in common stock subject to redemption | $ (1,080,971) | $ 5,697,071 |
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- Definition Represents the amount of change in value of common stock subject to possible redemption during a noncash or partial noncash transaction. No definition available.
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- Definition The amount of deferred offering costs, non-cash financing activities. No definition available.
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- Definition Amount of interest earned on marketable securities held in trust account operating activities. No definition available.
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- References No definition available.
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period of all taxes owed but not paid, including income, property and other taxes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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