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Income Taxes (Tables)
4 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of Net Deferred Tax Assets
The Company’s net deferred tax assets at December 31, 2020 is as follows:
 
   
December 31,
2020
 
Deferred tax assets
     
Net operating loss carryforward
  $17,133 
Unrealized gain on marketable securities
   (1,968) 
   
 
 
 
Total deferred tax assets
   15,165 
Change in valuation allowance
   (15,165) 
   
 
 
 
Deferred tax assets, net of allowance
  $ —   
   
 
 
 
Schedule of Components of Income Tax Expense Benefit
The income tax provision for the period from August 24, 2020 (inception) through December 31, 2020 consists of the following:
 
   
December 31,
2020
 
Federal
     
Current
  $—   
Deferred
   (15,165) 
State and Local
     
Current
   —   
Deferred
   —   
Change in valuation allowance
   15,165 
   
 
 
 
Income tax provision
  $—   
   
 
 
 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2020 is as follows:
 
   
12/31/2020
 
Statutory federal income tax rate
   21.0% 
State taxes, net of federal tax benefit
   0.0% 
Change in fair value of warrant liability
   -17.0% 
   
 
 
 
Transaction Cost allocated to warrant liability
 
 
-2
.1
%
Fair value of warrant liability in excess of proceeds from Private Placement
 
 
-1.8
%
Valuation allowance
 
 
-0.
1
%
Income tax provision expense (benefit)
   0.0%