XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Balance Sheet
Dec. 31, 2020
USD ($)
Current Assets:  
Cash $ 878,653
Prepaid expenses 168,527
Other current assets 350
Total Current Assets 1,047,530
Cash and marketable securities held in Trust Account 115,020,078
Total Assets 116,067,608
Current liabilities:  
Accounts payable 11,658
Franchise taxes payable 78,192
Other accrued liabilities 70,000
Total Current Liabilities 159,850
Warrant liabilities 9,040,670
Deferred underwriting commissions in connection with the initial public offering 4,025,000
Total Liabilities 13,225,520
Commitments and Contingencies
Class A common stock, 9,784,208 shares subject to possible redemption at $10.00 per share 97,842,080
Stockholders’ Equity:  
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 50,000,000 shares authorized; 1,715,792 shares issued and outstanding (excluding 9,784,208 shares subject to possible redemption) 172
Class B common stock, $0.0001 par value; 12,500,000 shares authorized; 2,875,000 shares issued and outstanding 288 [1],[2]
Additional paid-in capital 9,223,081
Accumulated deficit (4,223,533)
Total Stockholders’ Equity 5,000,008
Total Liabilities and Stockholders’ Equity $ 116,067,608
[1] Effective November 16, 2020, the Sponsor forfeited 431,250 Class B common shares as a result of the underwriter waiving its over-allotment option (see Note 4).
[2] On October 14, 2020, the Sponsor effected a surrender of 431,250 Class B common shares to the Company for no consideration, resulting in a decrease in the total number of Class B common shares then outstanding from 3,737,500 to 3,306,250 (see Note 5).