STATEMENTS OF CASH FLOWS - USD ($) |
3 Months Ended | |
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Mar. 31, 2021 |
Mar. 31, 2020 |
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Cash Flows from Operating Activities: | ||
Net income | $ 810,705 | $ 6,725,368 |
Adjustments to reconcile net (loss) income to net cash used in operating activities | ||
Gain on marketable securities, dividends and interest held in Trust Account | (6,992) | (1,128,747) |
Gain on revaluation of warrant liability | (9,942,500) | (5,763,750) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (60,016) | 16,903 |
Accounts payable | 9,003,790 | 11,337 |
Accrued expenses | (172,311) | 41,140 |
Net cash used in operating activities | (367,324) | (97,749) |
Net change in cash | (367,324) | (97,749) |
Cash-beginning of period | 849,909 | 1,589,795 |
Cash-end of period | $ 482,585 | 1,492,046 |
Supplemental disclosure of noncash activities: | ||
Prepaid expenses included in accounts payable | $ 63,750 |
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- Definition Gain (Loss) on Revaluation of Warrant Liability. No definition available.
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- Definition Amount of gain on marketable securities, dividends and interest held in Trust Account. No definition available.
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- Definition Prepaid expenses included in accounts payable No definition available.
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- References No definition available.
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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