Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted loss per common share

 

 

 

 

 

 

 

 

 

    

 

 

    

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

 

$

2,428,414

 

$

6,410,370

Unrealized gain on investments held in Trust Account

 

 

1,231

 

 

44,401

Less: Company’s portion available to be withdrawn to pay taxes

 

 

(663,124)

 

 

(1,344,722)

Less: Company’s portion available to be withdrawn for working capital purposes

 

 

(241,255)

 

 

(241,375)

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

 

$

1,525,296

 

$

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

 

 

66,592,589

 

 

66,631,839

 

 

 

 

 

 

 

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

 

$

(0.02)

 

$

0.07

 

 

 

 

 

 

 

Non-Redeemable Common Stock

 

 

 

 

 

 

Numerator: Net loss minus net earnings

 

 

 

 

 

 

Net income

 

$

1,124,364

 

$

4,693,042

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

 

 

(1,525,296)

 

 

(4,868,674)

Non-redeemable net loss

 

$

(400,932)

 

$

(175,632)

Denominator: Weighted Average Non-redeemable common stock

 

 

 

 

 

 

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

 

 

19,657,411

 

 

18,180,430

 

 

 

 

 

 

 

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

 

$

(0.02)

 

$

(0.01)