INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2020

INCOME TAX [Abstract]

Net Deferred Tax Assets

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

	December 31, 2020
Deferred tax asset
Net operating loss carryforward	$	8,422
Organizational costs/Startup expenses		10,400
Total deferred tax asset		18,822
Valuation allowance		(18,822	)
Deferred tax asset, net of allowance	$	—

Income Tax Provision

The income tax provision consists of the following:

	December 31, 2020
Federal
Current	$	—
Deferred		(18,822	)
State
Current	$	—
Deferred		—
Change in valuation allowance		18,822
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 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		(19.0	)%
Transaction costs allocable to warrants		(1.8	)%
Change in valuation allowance		(0.2	)%
Income tax provision		0.0	%