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Condensed Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,745,195 $ 2,005,228
Prepaid expenses 210,647 262,516
Total Current Assets 1,955,842 2,267,744
Cash and marketable securities held in Trust Account 175,073,580 175,040,510
TOTAL ASSETS 177,029,422 177,308,254
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liability - accrued expenses 119,525 214,025
Deferred underwriting fee payable 6,125,000 6,125,000
Derivative warrant liabilities 15,434,500 15,198,000
Total Liabilities 21,679,025 21,537,025
Commitments and contingencies
Class A common stock subject to possible redemption, 15,035,039 and 15,077,122 shares at redemption value of $10.00 per share as of March 31, 2021, and December 31, 2020, respectively 150,350,387 150,771,220
Stockholders’ Equity    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Class A common stock, $0.0001 par value; 75,000,000 shares authorized; 2,464,961 and 2,422,878 shares issued and outstanding (excluding 15,035,039 and 15,077,122 shares subject to possible redemption) as of March 31, 2021, and December 31, 2020, respectively 246 242
Class B convertible common stock, $0.0001 par value; 10,000,000 shares authorized; 4,375,000 shares issued and outstanding as of March 31, 2021, and December 31, 2020 [1] 437 437
Additional paid-in capital 6,381,888 5,961,059
Retained earnings (deficit) (1,382,561) (961,729)
Total Permanent Equity 5,000,010 5,000,009
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 177,029,422 $ 177,308,254
[1] On August 3, 2020, the Company effected a 1.4-for-1 forward stock split of its issued and outstanding shares of Class B convertible common stock. All shares and associated amounts have been retroactively restated to reflect the forward stock split (see Note 5).