SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of the calculation of basic and diluted net loss per common share

The following table reflects the calculation of basic and diluted net loss per common share (in dollars, except per share amounts):

					For the Period
					from
					December 18,
					2019
	Three Months		Six Months		(inception)
	Ended		Ended		Through
	December 31,		December 31,		December 31,
	2020		2020		2019
Redeemable Common Stock
Numerator: Earnings allocable to Redeemable Common Stock
Interest Income	$	4,841	$	4,841	$	—
Income and Franchise Tax		(4,841)		(4,841)		—
Net Earnings	$	—	$	—	$	—
Denominator: Weighted Average Redeemable Common Stock
Redeemable Common Stock, Basic and Diluted		8,009,041		8,009,041		—
Earnings/Basic and Diluted Redeemable Common Stock	$	—	$	—	$	—
Non-Redeemable Common Stock
Numerator: Net Loss minus Redeemable Net Earnings
Net Loss	$	(80,543)	$	(80,623)	$	(1,000)
Redeemable Net Earnings		—		—		—
Non-Redeemable Net Loss	$	(80,543)	$	(80,623)	$	(1,000)
Denominator: Weighted Average Non-Redeemable Common Stock
Non-Redeemable Common Stock, Basic and Diluted		1,875,000		1,875,000		—
Loss/Basic and Diluted Non-Redeemable Common Stock	$	(0.04)	$	(0.04)	$	0.00