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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Taxes  
Schedule of components of income tax provision (benefit)

 

 

 

 

 

 

 

 

    

December 31, 2020

    

December 31, 2019

Current

 

 

 

 

 

 

Federal

    

$

11,434

    

$

 —

State

 

 

 —

 

 

 —

Deferred

 

 

  

 

 

  

Federal

 

 

(101,676)

 

 

(483)

State

 

 

 —

 

 

 —

Valuation allowance

 

 

101,676

 

 

483

Income tax provision

 

 

11,434

 

 

 —

 

Schedule of Company's net deferred tax assets

 

 

 

 

 

 

 

 

    

December 31, 2020  

    

December 31, 2019  

Deferred tax assets:

 

 

 

 

 

 

Start-up/Organization costs

 

$

101,676

 

$

315

Net operating loss carryforwards

 

 

 —

 

 

168

Total deferred tax assets

 

 

101,676

 

 

483

Valuation allowance

 

 

(101,676)

 

 

(483)

Deferred tax asset, net of allowance

 

$

 —

 

$

 —

 

Schedule of reconciliation of the statutory federal income tax rate (benefit) to the Company's effective tax rate

 

 

 

 

 

 

 

 

    

December 31, 2020

    

December 31, 2019

Statutory federal income tax

 

$

(90,241)

 

$

(483)

Change in valuation allowance

 

 

101,676

 

 

483

Income tax expense

 

$

11,434

 

$

 —