XML 29 R18.htm IDEA: XBRL DOCUMENT v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Basic and Diluted Net Income (Loss) per Ordinary Share
The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):

  
For year ended
December 31, 2020
  
For the Period
from June 7, 2019
(Inception)
through
December 31, 2019
 
Ordinary shares subject to possible redemption
      
Numerator: Earnings allocable to Ordinary shares subject to possible redemption
      
Interest income
 
$
2,110,990
  
$
1,721,223
 
Unrealized gain on investments held in Trust Account
  
4,420
   
106,750
 
Net income
 
$
2,115,410
  
$
1,827,973
 
Denominator: Weighted Average Ordinary shares subject to possible redemption
        
Basic and diluted weighted average shares outstanding
  
23,699,368
   
23,754,184
 
Basic and diluted net income per share
 
$
0.09
  
$
0.08
 
         
Non-Redeemable Ordinary Shares
        
Numerator: Net Loss minus Net Earnings
        
Net loss
 
$
(1,601,521
)
 
$
1,618,159
 
Net loss allocable to Ordinary shares subject to possible redemption
  
(2,115,410
)
  
(1,827,973
)
Non-Redeemable Net Loss
 
$
(3,716,931
)
 
$
(209,814
)
Denominator: Weighted Average Non-Redeemable Ordinary Shares
        
Basic and diluted weighted average shares outstanding
  
7,550,632
   
7,111,079
 
Basic and diluted net loss per share
 
$
(0.49
)
 
$
(0.03
)