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Summary of Significant Accounting Policies and Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of condensed balance sheet
As of March 31, 2021 (Unaudited)  As Reported   Adjustment   As Restated 
Total assets  $200,872,655        $200,872,655 
Total liabilities  $55,875,256    
 
   $55,875,256 
Class A common stock subject to possible redemption   139,997,390    60,002,610    200,000,000 
Preferred stock   
-
    -    
-
 
Class A common stock   600    (600)   
-
 
Class B common stock   500    -    500 
Additional paid-in capital   41,975,057    (41,975,057)   
-
 
Accumulated deficit   (36,976,148)   (18,026,953)   (55,003,101)
Total stockholders’ equity (deficit)  $5,000,009   $(60,002,610)  $(55,002,601)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)  $200,872,655   $
-
   $200,872,655 

 

As of June 30, 2021 (Unaudited)  As Reported   Adjustment   As Restated 
Total assets  $200,616,025        $200,616,025 
Total liabilities  $57,895,749        $57,895,749 
Class A common stock subject to possible redemption   137,720,270    62,279,730    200,000,000 
Preferred stock   -    -    - 
Class A common stock   623    (623)   - 
Class B common stock   500    -    500 
Additional paid-in capital   44,252,155    (44,252,155)   - 
Accumulated deficit   (39,253,272)   (18,026,953)   (57,280,225)
Total stockholders’ equity (deficit)  $5,000,006   $(62,279,730)  $(57,279,725)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)  $200,616,025   $-   $200,616,025 

 

Schedule of cash flows
   As Reported   Adjustment   As Restated 
Cash Flow from Operating Activities  $(610,434)  $
-
   $(610,434)
Cash Flows used in Investing Activities  $
-
   $
-
   $
-
 
Cash Flows provided by Financing Activities  $85,000   $
-
   $85,000 
Supplemental Disclosure of Noncash Financing Activities:               
Change in value of Class A common stock subject to possible redemption  $(20,841,640)  $20,841,640   $
-
 

 

   As Reported   Adjustment   As Restated 
Cash Flow from Operating Activities  $(777,595)  $
-
   $(777,595)
Cash Flows used in Investing Activities  $96,478   $
-
   $96,478 
Cash Flows provided by Financing Activities  $
-
   $
-
   $
-
 
Supplemental Disclosure of Noncash Financing Activities:               
Change in value of Class A common stock subject to possible redemption  $(23,118,761)  $23,118,761   $
-
 

 

Schedule of weighted average shares outstanding and basic and diluted earnings per common share
  Earnings Per Share 
  As Reported   Adjustment   As Restated 
Three Months Ended March 31, 2021 (Unaudited)            
Net loss  $(20,841,633)  $
-  
   $(20,841,633)
Weighted average shares outstanding - Class A common stock   20,000,000    
-  
    20,000,000 
Basic and diluted earnings per share - Class A common stock  $
-  
   $(0.83)  $(0.83)
Weighted average shares outstanding - Class B common stock   5,000,000   $-     $5,000,000 
Basic and diluted earnings per share - Class B common stock  $(4.17)  $3.34   $(0.83)
  Earnings Per Share 
  As Reported   Adjustment   As Restated 
Three Months Ended June 30, 2021 (Unaudited)            
Net loss  $(2,277,124)  $
-  
   $(2,277,124)
Weighted average shares outstanding - Class A common stock   20,000,000    
-  
    20,000,000 
Basic and diluted earnings per share - Class A common stock  $
-  
   $(0.09)  $(0.09)
Weighted average shares outstanding - Class B common stock  $5,000,000   $
-  
   $5,000,000 
Basic and diluted earnings per share - Class B common stock  $(0.45)  $0.36   $(0.09)

 

  Earnings Per Share 
  As Reported   Adjustment   As Restated 
Six Months ended June 30, 2021 (Unaudited)            
Net loss  $(23,118,757)  $
-  
   $(23,118,757)
Weighted average shares outstanding - Class A common stock   20,000,000    
-  
    20,000,000 
Basic and diluted earnings per share - Class A common stock  $
-  
   $(0.92)  $(0.92)
Weighted average shares outstanding - Class B common stock   5,000,000    
-  
    5,000,000 
Basic and diluted earnings per share - Class B common stock  $(4.62)  $3.70   $(0.92)

Schedule of basic and diluted net income (loss) per common share
   For the Three Months Ended   For the Nine Months Ended 
   September 30, 2021   September 30, 2021 
   Class A   Class B   Class A   Class B 
Basic and diluted net loss per common share:                
Numerator:                
Allocation of net loss  $(37,847,531)  $(9,461,883)  $(56,342,537)  $(14,085,634)
                     
Denominator:                    
Basic and diluted weighted average common shares outstanding   20,000,000    5,000,000    20,000,000    5,000,000 
                     
Basic and diluted net loss per common share  $(1.89)  $(1.89)  $(2.82)  $(2.82)

 

   For the Three Months Ended
September 30, 2020
   For The Period From
June 4, 2020 (inception) through September 30, 2020
 
   Class A   Class B   Class A   Class B 
Basic and diluted net loss per common share:                
Numerator:                
Allocation of net loss  $(161,989)  $(100,696)  $(164,968)  $(115,924)
                     
Denominator:                    
Basic and diluted weighted average common shares outstanding   8,043,478    5,000,000    7,115,385    5,000,000 
                     
Basic and diluted net loss per common share  $(0.02)  $(0.02)  $(0.02)  $(0.02)