INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2020

INCOME TAX [Abstract]

Net Deferred Tax Assets

The Company’s net deferred tax assets are as follows:

	December 31,
	2020			2019
Deferred tax asset
Organizational costs/Startup expenses	$	112,904		$	18,166
Total deferred tax asset		112,904			18,166
Valuation allowance		(112,904	)		(18,166	)
Deferred tax asset, net of allowance	$	—		$	—

Income Tax Provision

The income tax provision consists of the following:

	December 31,
	2020			2019
Federal
Current	$	375,088		$	72,043
Deferred		(94,738	)		(18,166	)
State
Current	$	—		$	—
Deferred		—			—
Change in valuation allowance		94,738			18,166
Income tax provision	$	375,088		$	72,043

Reconciliation of Federal Income Tax Rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows:

	December 31,
	2020			2019
Statutory federal income tax rate		21.0	%		21.0	%
State taxes, net of federal tax benefit		0.0	%		0.0	%
Change in valuation allowance		7.1	%		7.1	%
Income tax provision		28.1	%		28.1	%