General form of registration statement for all companies including face-amount certificate companies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Reconciliation of Net Loss per Common Share

The following table reflects the calculation of basic and diluted net income (loss) per common share :

Three Months Ended

Six Months Ended 

June 30, 

June 30, 

    

2021

    

2020

    

2021

    

2020

Common stock subject to possible redemption

Numerator: Earnings allocable to Common stock subject to possible redemption

Interest earned on marketable securities held in Trust Account

$

3,983

$

$

5,744

$

Less: interest available to be withdrawn for payment of taxes

(3,983)

 

(5,744)

Net income allocable to Common Stock subject to possible redemption

$

$

$

$

Denominator: Weighted Average Common stock subject to possible redemption

Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption

11,117,004

 

11,117,625

Basic and diluted net income per share, Common stock subject to possible redemption

$

$

$

$

Non-Redeemable Common Stock

Numerator: Net Loss minus Net income allocable to Common stock subject to possible redemption

Net loss

$

(583,968)

$

$

(612,708)

$

(85)

Less: Net income allocable to Common stock subject to possible redemption

Non-Redeemable Net Loss

$

(583,968)

$

$

(612,708)

$

(85)

Denominator: Weighted Average Non-redeemable Common stock

Basic and diluted weighted average shares outstanding, Non-redeemable common stock

3,665,996

3,253,309

Basic and diluted net loss per share, Non-redeemable common stock

$

(0.16)

$

(0.00)

$

(0.19)

$

(0.00)