XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Basic and Diluted Net Income (Loss) per Common Share
The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2021
   
2021
 
Redeemable Class A Common Stock
           
Numerator: Earnings allocable to Redeemable Class A Common Stock
           
Interest Income
 
$
7,247
   
$
9,138
 
Less: Income and Franchise Tax
   
(7,247
)
   
(9,138
)
Net Earnings
 
$
   
$
 
Denominator: Weighted Average Redeemable Class A Common Stock
               
Redeemable Class A Common Stock, Basic and Diluted
   
28,750,000
     
28,750,000
 
Earnings/Basic and Diluted Redeemable Class A Common Stock
 
$
   
$
 
                 
Non-Redeemable Class B Common Stock
               
Numerator: Net Income minus Redeemable Net Earnings
               
Net Income
 
$
(1,805,013
)
 
$
(174,393
)
Redeemable Net Earnings
   
     
 
Non-Redeemable Net Loss
 
$
(1,805,013
)
 
$
(174,393
)
Denominator: Weighted Average Non-Redeemable Class B Common Stock
               
Non-Redeemable Class B Common Stock, Basic and Diluted (1)
   
7,187,500
     
6,861,188
 
Earnings/Basic and Diluted Non-Redeemable Class B Common Stock
 
$
(0.25
)
 
$
(0.03
)