XML 48 R37.htm IDEA: XBRL DOCUMENT v3.21.2
Restatement of Previously Issued Financial Statements (Details) - Schedule of cash flow - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2020
Dec. 31, 2019
As Reported [Member]                        
CASH FLOWS FROM OPERATING ACTIVITIES                        
Net income (loss) $ (983,974) $ (244,423) $ 915,967 $ 562,215 $ 690,824 $ 571,418 $ 671,544 $ 1,262,242 $ (312,430) $ 1,824,457 $ (890,699) $ 2,363,522
Adjustments to reconcile net income (loss) to net cash used in operating activities:                        
Interest earned in Trust Account                   (3,063,178)    
Changes in operating assets and liabilities:                        
Prepaid expenses and other assets                   23,673    
Income taxes payable                   231,299    
Franchise taxes payable                   (160,000)    
Interest earned in Trust Account     (1,352,505)     (1,060,684) (1,390,897) (2,175,878) (1,404,182)   (1,405,514) (3,950,927)
Other income remitted directly to Trust Account                     (212,129)  
Change in fair value of warrant liability                      
Prepaid expenses and other assets     10,625     2,423 21,250 13,048 (37,426)   (3,101) 34,298
Accounts payable     11,009     85,039 109,930 (10,592) 839,654 (22,390) 1,544,231 (146,591)
Income taxes payable     273,542     212,285 (300,223) 107,250 (572,160)   (572,160) 355,314
Franchise taxes payable     (30,000)     (150,000) (60,000) (160,000) (50,000)   (50,000) (120,000)
Net cash flows used in operating activities     (171,362)     (339,519) (948,396) (963,930) (1,536,544) (1,166,139) (1,589,372) (1,464,384)
CASH FLOWS FROM INVESTING ACTIVITIES                        
Cash released from Trust Account for Class A common stock redemptions             142,571,767   142,571,768   148,155,560
Cash moved to escrow from private placement received in advance                     (20,002,872)  
Investment income released from Trust Account to pay taxes             1,064,887 200,200 1,064,888 658,815 1,104,885 754,104
Net cash flows used in financing activities             143,636,654          
Net cash flows provided by investing activities                 143,636,656      
Net cash flows provided by financing activities               200,200        
Net cash flows provided by financing activities                       754,104
Net cash flows provided by financing activities                     129,257,573  
CASH FLOWS FROM FINANCING ACTIVITIES                        
Cash used for Class A common stock redemptions             (142,571,767)   (142,571,768)   (148,155,560)  
Net cash flows provided by financing activities             (142,571,767)          
Net cash flows provided by financing activities                 (142,571,768)      
Net cash flows provided by financing activities                      
Proceeds from private placement received in advance                     20,002,872  
Proceeds from due to affiliates                     45,000  
Net cash flows provided by financing activities                     (128,107,688)  
NET INCREASE (DECREASE) IN CASH     (171,362)     (339,520) 116,491 (763,730) (471,656) (507,324) (439,487) (710,280)
CASH, BEGINNING OF YEAR 599,156 311,303 482,665 429,215 853,425 1,192,945 482,665 1,192,945 482,665 1,192,945 482,665 1,192,945
CASH, END OF YEAR 11,009 599,156 311,303 685,621 429,215 853,425 599,156 429,215 11,009 685,621 43,178 482,665
Supplemental disclosure of noncash activities:                        
Federal income taxes paid from operating account             571,343 324,528 904,885 378,616    
Change in value of Class A common stock subject to possible redemption     915,969     571,417 (141,900,223) 1,262,237 (142,884,193) 1,824,454 (149,100,257) 2,363,521
Supplemental cash flow disclosure:                        
Income taxes paid                     904,885 432,704
Net cash flows provided by investing activities                   658,815    
Restatement Adjustments [Member]                        
CASH FLOWS FROM OPERATING ACTIVITIES                        
Net income (loss) 2,005,333 (14,802,294) 2,387,467 (1,909,973) (477,493) 2,864,960 (12,414,827) 2,387,467 (10,409,494) 477,493 (68,334,046) 1,909,973
Adjustments to reconcile net income (loss) to net cash used in operating activities:                        
Change in fair value of warrant liability                   (477,493)    
Changes in operating assets and liabilities:                        
Interest earned in Trust Account                      
Other income remitted directly to Trust Account                    
Change in fair value of warrant liability     (2,387,467)     (2,864,960) 12,414,827 (2,387,467) 10,409,494   68,334,046 (1,909,973)
Prepaid expenses and other assets                      
Accounts payable                      
Income taxes payable                      
Franchise taxes payable                      
Net cash flows used in operating activities                      
CASH FLOWS FROM INVESTING ACTIVITIES                        
Cash released from Trust Account for Class A common stock redemptions                    
Cash moved to escrow from private placement received in advance                    
Investment income released from Trust Account to pay taxes                      
Net cash flows provided by financing activities                      
Net cash flows provided by financing activities                      
Net cash flows provided by financing activities                      
CASH FLOWS FROM FINANCING ACTIVITIES                        
Cash used for Class A common stock redemptions                    
Net cash flows provided by financing activities                      
Net cash flows provided by financing activities                      
Proceeds from private placement received in advance                    
Proceeds from due to affiliates                    
Net cash flows used in financing activities                      
Net cash flows provided by financing activities                      
NET INCREASE (DECREASE) IN CASH                      
CASH, BEGINNING OF YEAR        
CASH, END OF YEAR
Supplemental disclosure of noncash activities:                        
Change in value of Class A common stock subject to possible redemption     (4,219,403)     2,864,961 18,414,488 2,387,472 19,398,458 477,496 20,126,283 1,909,974
Supplemental cash flow disclosure:                        
Income taxes paid                      
As Restated [Member]                        
CASH FLOWS FROM OPERATING ACTIVITIES                        
Net income (loss) 1,021,359 (15,046,717) 3,303,434 (1,347,758) 213,331 3,436,378 (11,743,283) 3,649,709 (10,721,924) 2,301,950 (69,224,745) 4,273,495
Adjustments to reconcile net income (loss) to net cash used in operating activities:                        
Interest earned in Trust Account                   (3,063,178)    
Change in fair value of warrant liability                   (477,493)    
Changes in operating assets and liabilities:                        
Prepaid expenses and other assets                   23,673    
Income taxes payable                   231,299    
Franchise taxes payable                   (160,000)    
Interest earned in Trust Account     (1,352,505)     (1,060,684) (1,390,897) (2,175,878) (1,404,182)   (1,405,514) (3,950,927)
Other income remitted directly to Trust Account                     (212,129)
Change in fair value of warrant liability     (2,387,467)     (2,864,960) 12,414,827 (2,387,467) 10,409,494   68,334,046 (1,909,973)
Prepaid expenses and other assets     10,625     2,423 21,250 13,048 (37,426)   (3,101) 34,298
Accounts payable     11,009     85,039 109,930 (10,592) 839,654 (22,390) 1,544,231 (146,591)
Income taxes payable     273,542     212,285 (300,223) 107,250 (572,160)   (572,160) 355,314
Franchise taxes payable     (30,000)     (150,000) (60,000) (160,000) (50,000)   (50,000) (120,000)
Net cash flows used in operating activities     (171,362)     (339,519) (948,396) (963,930) (1,536,544) (1,166,139) (1,589,372) (1,464,384)
CASH FLOWS FROM INVESTING ACTIVITIES                        
Cash released from Trust Account for Class A common stock redemptions             142,571,767   142,571,768   148,155,560
Cash moved to escrow from private placement received in advance                     (20,002,872)
Investment income released from Trust Account to pay taxes             1,064,887 200,200 1,064,888 658,815 1,104,885 754,104
Net cash flows used in financing activities             143,636,654          
Net cash flows provided by investing activities                 143,636,656      
Net cash flows provided by financing activities               200,200        
Net cash flows provided by financing activities                       754,104
Net cash flows provided by financing activities                     129,257,573  
CASH FLOWS FROM FINANCING ACTIVITIES                        
Cash used for Class A common stock redemptions             (142,571,767)   (142,571,768)   (148,155,560)
Net cash flows provided by financing activities             (142,571,767)          
Net cash flows provided by financing activities                 (142,571,768)      
Net cash flows provided by financing activities                      
Proceeds from private placement received in advance                     20,002,872
Proceeds from due to affiliates                     45,000
Net cash flows used in financing activities                      
Net cash flows provided by financing activities                     (128,107,688)  
NET INCREASE (DECREASE) IN CASH     (171,362)     (339,520) 116,491 (763,730) (471,656) (507,324) (439,487) (710,280)
CASH, BEGINNING OF YEAR 599,156 311,303 482,665 429,215 853,425 1,192,945 482,665 1,192,945 482,665 1,192,945 482,665 1,192,945
CASH, END OF YEAR $ 11,009 $ 599,156 311,303 $ 685,621 $ 429,215 853,425 599,156 429,215 11,009 685,621 43,178 482,665
Supplemental disclosure of noncash activities:                        
Federal income taxes paid from operating account             571,343 324,528 904,885 378,616    
Change in value of Class A common stock subject to possible redemption     $ (3,303,434)     $ 3,436,378 $ (123,485,735) $ 3,649,709 $ (123,485,735) 2,301,950 (128,973,974) 4,273,495
Supplemental cash flow disclosure:                        
Income taxes paid                     $ 904,885 $ 432,704
Net cash flows provided by investing activities                   $ 658,815