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Income Taxes (Tables)
5 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of components of income tax expense (benefit)
The income tax provision (benefit) consists of the following:
 
    
December 31, 2020
 
Current
        
Federal
   $ —    
State
     —    
Deferred
        
Federal
     (40,359
State
     —    
Valuation allowance
     40,359  
    
 
 
 
Income tax provision
   $ —    
    
 
 
 
Schedule of deferred tax assets and liabilities
The Company’s net deferred tax assets are as follows:
 
    
December 31, 2020
 
Deferred tax assets:
        
Net operating loss carryover
   $ 17,537  
Start-up/Organization
costs
     22,822  
    
 
 
 
Total deferred tax assets
     40,359  
Valuation allowance
     (40,359
    
 
 
 
Deferred tax asset, net of allowance
   $ —    
    
 
 
 
Schedule of effective income tax rate reconciliation
A reconciliation of the statutory federal income tax rate (benefit) to the Company’s effective tax rate (benefit) is as
follows
:
 
    
December 31, 2020
 
Statutory Federal income tax rate
     21.0
Financing cost - derivative warrant liabilities
     (16.72 )% 
Change in fair value of derivative warrant liabilities
     (2.92 )% 
Change in Valuation Allowance
     (1.4 )% 
    
 
 
 
Income Taxes Benefit
     0.0