Restatement of Previously Issued Financial Statements (Tables)

5 Months Ended

Dec. 31, 2020

Condensed Financial Information Disclosure [Abstract]

Schedule of effects of restatements on previously issued financial statements

	As Previously Reported			Adjustments			As Restated
Balance sheet as of October 19, 2020 (audited)
Warrant liabilities	$	—		$	5,157,000		$	5,157,000
Class A common stock subject to possible redemption		107,104,620			(5,157,000	)		101,947,620
Class A common stock		79			52			131
Additional paid-in capital		5,004,204			191,060			5,195,264
Accumulated deficit		(4,608	)		(191,112	)		(195,720	)
Balance sheet as of December 31, 2020 (audited)
Warrant liabilities	$	—		$	9,040,670		$	9,040,670
Class A common stock subject to possible redemption		106,882,750			(9,040,670	)		97,842,080
Class A common stock		81			91			172
Additional paid-in capital		5,148,390			4,074,691			9,223,081
Accumulated deficit		(148,751	)		(4,074,782	)		(4,223,533	)
Statement of Operations for the period from August 11, 2020 (inception) to December 31, 2020 (audited)
Change in fair value of warrant liabilities	$	—		$	3,883,670		$	3,883,670
Offering expense associated with warrant liabilities		—			191,112			191,112
Net loss		(148,751	)		(4,074,782	)		(4,223,533	)
Basic and diluted net loss per share, Class B common stock		(0.06	)		(1.42	)		(1.48	)
Statement of Cash Flows for the period from August 11, 2020 (inception) to December 31, 2020 (audited)
Net loss	$	(148,751	)	$	(4,074,782	)	$	(4,223,533	)
Offering costs allocable to warrant liabilities		—			191,112			191,112
Change in fair value of warrant liabilities		—			3,883,670			3,883,670
Initial classification of Class A common shares subject to possible redemption		107,104,620			(5,157,000	)		101,947,620
Change in value of Class A common shares subject to possible redemption		(221,870	)		(3,883,670	)		(4,105,540	)

Balance sheet as of October 19, 2020 (audited)	As Previously Restated and Reported in Form 10-K/A Amendment No. 1			Adjustments			As Restated
Total assets	$	116,390,976			—		$	116,390,976
Total liabilities	$	9,443,350			—		$	9,443,350
Class A common stock subject to possible redemption		101,947,620			13,052,380			115,000,000
Preferred stock		—			—			—
Class A common stock		131			(131	)		—
Class B common stock		331			—			331
Additional paid-in capital		5,195,264			(5,195,264	)		—
Accumulated deficit		(195,720	)		(7,856,985	)		(8,052,705	)
Total stockholders’ equity (deficit)	$	5,000,006		$	(13,052,380	)	$	(8,052,374	)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)	$	116,390,976		$	—		$	116,390,976

Balance sheet as of December 31, 2020 (audited)	As Previously Restated and Reported in Form 10-K/A Amendment No. 1			Adjustments			As Restated
Total assets	$	116,067,608			—		$	116,067,608
Total liabilities	$	13,225,520			—		$	13,225,520
Class A common stock subject to possible redemption		97,842,080			17,157,920			115,000,000
Preferred stock		—			—			—
Class A common stock		172			(172	)		—
Class B common stock		288			—			288
Additional paid-in capital		9,223,081			(9,223,081	)		—
Accumulated deficit		(4,223,533	)		(7,934,667	)		(12,158,200	)
Total stockholders’ equity (deficit)	$	5,000,008		$	(17,157,920	)	$	(12,157,912	)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)	$	116,067,608		$	—		$	116,067,608

For the Period From August 11, 2020 (Inception) Through December 31, 2020	As Previously Restated and Reported in Form 10-K/A Amendment No. 1			Adjustments			As Restated
Supplemental Disclosure of Noncash Financing Activities:
Initial value of Class A common stock subject to possible redemption	$	101,947,620		$	(101,947,620	)	$	—
Change in value of Class A common stock subject to possible redemption	$	(4,105,540	)	$	4,105,540		$	—

	Net Loss Per Share
For the Period From August 11, 2020 (Inception) Through December 31, 2020	As Previously Restated and Reported in Form 10-K/A Amendment No. 1			Adjustments			As Restated
Net loss	$	(4,223,533	)	$	—		$	(4,223,533	)
Weighted average shares outstanding – Class A common stock		11,500,000			(5,588,028	)		5,911,972
Basic and diluted net loss per share – Class A common stock	$	0.00		$	(0.48	)	$	(0.48	)
Weighted average shares outstanding – Class B common stock		2,875,000			—			2,875,000
Basic and diluted net loss per share – Class B common stock	$	(1.48	)	$	1.00		$	(0.48	)