INCOME TAX (Tables)

6 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Net Deferred Tax Assets

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

	June 30, 2021			December 31, 2020
Deferred tax asset
Net operating loss carryforward	$	10,920		$	10,861
Change in fair value of warrants		(380,100	)		—
Organizational costs/Startup expenses		1,115,645			78,848
Total deferred tax asset		746,465			89,709
Valuation allowance		(746,465	)		(89,709	)
Deferred tax asset, net of allowance	$	—		$	—

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

	December 31, 2020
Deferred tax asset
Net operating loss carryforward	$	10,861
Organizational costs/Startup expenses		78,848
Total deferred tax asset		89,709
Valuation allowance		(89,709	)
Deferred tax asset, net of allowance	$	—

Income Tax Provision

The income tax provision consists of the following:

	June 30, 2021			December 31, 2020
Federal
Current	$	—		$	—
Deferred		(746,465	)		(89,709	)
State
Current	$	—		$	—
Deferred		—			—
Change in valuation allowance		746,465			89,709
Income tax provision	$	—		$	—

The income tax provision consists of the following:

	December 31, 2020
Federal
Current	$	—
Deferred		(89,709	)
State
Current	$	—
Deferred	$	—
Change in valuation allowance		89,709
Income tax provision	$	—

Reconciliation of Federal Income Tax Rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate at June 30, 2021 is as follows:

Statutory federal income tax rate	21.0	%
State taxes, net of federal tax benefit	0.0	%
Change in fair value of warrant liability	10.7	%
Change in valuation allowance	-31.7	%
Income tax provision	0.0	%

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2020 is as follows:

	December 31, 2020
Statutory federal income tax rate		21.0	%
State taxes, net of federal tax benefit		0.0	%
Change in fair value of warrant liability		(18.9	%)
Change in valuation allowance		(2.1	%)
Income tax provision		0.0	%