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INCOME TAX (Tables)
9 Months Ended
Dec. 31, 2020
INCOME TAX  
Schedule of net deferred income tax assets

 

 

 

 

 

 

December 31,

 

    

2020

Deferred tax asset

 

 

  

Organizational costs/Startup expenses

 

$

653,552

Total deferred tax asset

 

 

653,552

Valuation allowance

 

 

(653,552)

Deferred tax asset, net of allowance

 

$

 —

 

Schedule of income tax provision

 

 

 

 

 

 

December 31,

 

    

2020

Federal:

 

 

  

Current

 

$

147,695

Deferred

 

 

(653,552)

 

 

 

 

State:

 

 

  

Current

 

$

 —

Deferred

 

 

 —

Change in valuation allowance

 

 

653,552

Income tax provision

 

$

147,695

 

Schedule of reconciliation of the federal statutory tax rate to our effective tax rate

 

 

 

 

 

 

December 31,

 

 

    

2020

 

 

 

 

 

Statutory federal income tax rate

 

21.0

%

State taxes, net of federal tax benefit

 

0.0

%

Change in valuation allowance

 

(27.1)

%

Income tax provision

 

(6.1)

%