XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Basic and Diluted Loss Per Common Share
The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):

  
Year Ended December 31,
 
  
2020
  
2019
 
Redeemable Class A Ordinary Shares
 
  
 
Numerator: Earnings allocable to Redeemable Class A Ordinary Shares
 
  
 
Interest Income
 
$
644,101
  
$
1,397,911
 
Net Earnings
 
$
644,101
  
$
1,397,911
 
Denominator: Weighted Average Redeemable Class A Ordinary Shares
 
  
 
Redeemable Ordinary Shares, Basic and Diluted
  
17,250,000
   
17,010,355
 
Earnings/Basic and Diluted Redeemable Class A Ordinary Shares
 
$
0.04
  
$
0.08
 
         
Non-Redeemable Class B Ordinary Shares
 
  
 
Numerator: Net (Loss) Income minus Redeemable Net Earnings
 
  
 
Net (Loss) Income
 
$
(1,091,958
)
 
$
958,107
 
Redeemable Net Earnings
  
(644,101
)
  
(1,397,911
)
Non-Redeemable Net Loss
 
$
(1,736,059
)
 
$
(439,804
)
Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares
 
  
 
Non-Redeemable Class B Ordinary Shares, Basic and Diluted
  
5,562,500
   
4,911,815
 
Loss/Basic and Diluted Non-Redeemable Class B Ordinary Shares
 
$
(0.31
)
 
$
(0.09
)