SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2021

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		Three Months		Nine Months		(inception)
	Ended		Ended		Ended		Through
	March 31, 2021		March 31, 2020		March 31, 2021		March 31, 2020
Redeemable Common Stock	$		$		$		$
Numerator: Earnings allocable to Redeemable Common Stock
Interest Income		14,752		—		19,593		—
Income and Franchise Tax		(14,752)		—		(19,593)		—
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		0.00		—		0.00		—
Non-Redeemable Common Stock
Numerator: Net Loss minus Redeemable Net Earnings
Net loss		(105,139)		—		(185,762)		(1,000)
Redeemable earnings		—		—		—		—
Non-Redeemable Net Loss		(105,139)		—		(185,762)		(1,000)
Denominator: Weighted Average Non-Redeemable Common Stock Non-Redeemable Common Stock, Basic and Diluted		1,990,948		1,875,000		1,913,085		1,875,000
Loss/Basic and Diluted Non-Redeemable Common Stock		(0.05)		(0.00)		(0.10)		0.00