Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.22.2.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 41,740,801 $ (8,823,514)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (59,701) (2,250,075)
(Gain) loss on derivative liabilities (43,267,123) 10,346,000
Unrealized gain on marketable securities held in Trust Account (1,332) 20,917
Deferred income tax benefit (976) (14,050)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (16,875) (12,950)
Prepaid income taxes   27,140
Accounts payable and accrued expenses 110,503 (54,191)
Income taxes payable 3,398 231,719
Net cash used in operating activities (1,491,305) (529,004)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account to pay for franchise and income taxes   305,250
Net cash provided by investing activities   305,250
Net Change in Cash (1,491,305) (223,754)
Cash - Beginning of period 3,873,865 2,238,275
Cash - End of period 2,382,560 2,014,521
Supplemental cash flow information:    
Cash paid for income taxes 373,000 160,000
Non-Cash investing and financing activities:    
Remeasurement of Class A common stock subject to redemption $ 7,635 $ 1,571,228