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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Reconciliation of Net Loss per Common Share

 

 

 

 

 

 

 

 

    

 

 

    

 

 

 

 

 

 

 

 

For the Period from

 

 

 

 

 

 

December 18,

 

 

Year Ended

 

2019 (Inception)

 

 

June 30, 2021

 

Through June 30, 2020

Redeemable Common Stock

 

 

 

 

 

 

Numerator: Earnings allocable to Redeemable Common Stock

 

 

 

 

 

 

Interest Income

 

$

30,397

 

$

 —

Franchise Tax

 

 

(30,397)

 

 

 —

Net Earnings

 

$

 —

 

$

 —

 

 

 

 

 

 

 

Denominator: Weighted Average Redeemable Common Stock Redeemable Common Stock, Basic and Diluted

 

 

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

 

$

(561,449)

 

$

(1,000)

Redeemable Net Earnings

 

 

 —

 

 

 —

Non-Redeemable Net Loss

 

$

(561,449)

 

$

(1,000)

 

 

 

 

 

 

 

Denominator: Weighted Average Non-Redeemable Common Stock
Non-Redeemable Common Stock, Basic and Diluted

 

 

1,951,216

 

 

1,875,000

Loss/Basic and Diluted Non-Redeemable Common Stock

 

$

(0.29)

 

$

0.00