Registration of securities issued in business combination transactions

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Schedule of basic and diluted loss per share

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

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

 

 

March 31,

 

March 31,

 

    

2021

    

2020

Class A common stock subject to possible redemption

 

 

 

 

 

 

Numerator: Earnings allocable to Class A common stock subject to possible redemption

 

 

 

 

 

 

Interest income

 

$

50,107

 

$

1,956,529

Unrealized gain (loss) on investments held in Trust Account

 

 

1,118

 

 

(18,188)

Less: Company's portion available to be withdrawn to pay taxes

 

 

(43,998)

 

 

(395,474)

Less: Company's portion available to be withdrawn for working capital purposes

 

 

(7,227)

 

 

(217,385)

Net income allocable to Class A common stock subject to possible redemption

 

$

 —

 

$

1,325,482

Denominator: Weighted Average Class A common stock subject to possible redemption

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption

 

 

53,712,502

 

 

61,025,925

Basic and diluted net income per share, Class A common stock subject to possible redemption

 

$

0.00

 

$

0.02

 

 

 

 

 

 

 

Non-Redeemable Common Stock

 

 

 

 

 

 

Numerator: Net Income (Loss) minus Net Earnings

 

 

 

 

 

 

Net income (loss)

 

$

41,740,801

 

$

(8,823,514)

Less: Income allocable to Class A common stock subject to possible redemption

 

 

 

 

(1,325,482)

Non-Redeemable Net Income (Loss)

 

$

41,740,801

 

$

(10,148,996)

 

 

 

 

 

 

 

Denominator: Weighted Average Non-redeemable Common stock

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding, Non-redeemable Common stock

 

 

32,537,498

 

 

25,224,075

Basic and diluted net income (loss) per share, Non-redeemable Common stock

 

$

1.28

 

$

(0.40)

 

 

 

 

 

 

 

 

 

 

    

 

 

    

For the Period 

 

 

 

 

 

from

 

 

 

 

 

April 11,

 

 

 

 

 

2019

 

 

 

 

 

(Inception) 

 

 

Year Ended

 

Through

 

 

December 31,

 

December 31, 

 

 

2020

 

2019

 

 

 

 

 

 

 

Class A Common Stock Subject to Possible Redemption

 

 

 

 

 

 

Numerator: Earnings allocable to Class A common stock subject to possible redemption

 

 

 

 

 

 

Interest income

 

$

1,959,040

 

$

6,410,370

Unrealized gain on investments held in Trust Account

 

 

993

 

 

44,401

Less: Company’s portion available to be withdrawn to pay taxes

 

 

(534,953)

 

 

(1,344,722)

Less: Company’s portion available to be withdrawn for working capital purposes

 

 

(194,600)

 

 

(241,375)

Net income allocable to Class A common stock subject to possible redemption

 

$

1,230,480

 

$

4,868,674

 

 

 

 

 

 

 

Denominator: Weighted average Class A common stock subject to possible redemption

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption

 

 

58,723,869

 

 

61,961,631

 

 

 

 

 

 

 

Basic and diluted net income per share, Class A common stock subject to possible redemption

 

$

0.02

 

$

0.08

 

 

 

 

 

 

 

Non-Redeemable Common Stock

 

 

 

 

 

 

Numerator: Net loss minus net earnings

 

 

 

 

 

 

Net loss

 

$

(72,459,185)

 

$

(14,682,592)

Less: Income attributable to Class A common stock subject to possible redemption

 

 

(1,230,480)

 

 

(4,868,674)

Non-redeemable net loss

 

$

(73,689,665)

 

$

(19,551,226)

Denominator: Weighted Average Non-redeemable common stock

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding, Non-redeemable Common stock

 

 

27,526,131

 

 

21,438,529

 

 

 

 

 

 

 

Basic and diluted net loss per common share, Non-redeemable common stock

 

$

(2.68)

 

$

(0.91)