Income Taxes (Tables)

4 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Summary of Income Tax Provision (Benefit)

The income tax provision (benefit) consists of the following:

	December 31, 2020
Current
Federal	$	-
State		-
Deferred
Federal		(51,392	)
State		-
Valuation allowance		51,392
Income tax provision	$	-

Summary of Net Deferred Tax Assets

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

	December 31, 2020
Deferred tax assets:
Start-up/Organization costs	$	38,438
Net operating loss carryforwards		12,954
Total deferred tax assets		51,392
Valuation allowance		(51,392	)
Deferred tax asset, net of allowance	$	-

Schedule of Reconciliation of Statutory Federal Income Tax Rate (Benefit) To Company's Effective Tax Rate (Benefit)

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	%
Change in fair value of derivative warrant liabilities		(18.7	)%
Financing costs - derivative warrant liabilities		(2.0	)%
Change in Valuation Allowance		(0.3	)%
Income Taxes Benefit		0.0	%