XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 38,028,962 $ 6,368,437
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of warrant liability (40,007,500) (5,343,750)
Interest earned on marketable securities held in Trust Account (27,883) (1,109,075)
Unrealized gain on marketable securities held in Trust Account (429,890)
Deferred income tax provision (43,700) 91,930
Changes in operating assets and liabilities:    
Prepaid income taxes  
Prepaid expenses (26,254) (26,831)
Accounts payable and accrued expenses 1,630,283 (143,607)
Income taxes payable 43,209
Net cash used in operating activities (446,092) (549,577)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account to pay franchise and income taxes 40,050 137,500
Net cash provided by investing activities 40,050 137,500
Cash Flows from Financing Activities:    
Proceeds from promissory notes – related party 120,000
Net cash provided by financing activities 120,000
Net Change in Cash (286,042) (412,077)
Cash – Beginning 314,696 917,007
Cash – Ending 28,654 504,930
Supplemental cash flow information:    
Cash paid for income taxes 137,500
Non-cash investing and financing activities:    
Change in value of common stock subject to possible redemption $ 82,611,901 $ 6,368,430