Registration of securities issued in business combination transactions

Condensed Balance Sheets

v3.21.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 579,000 $ 1,328,000
Prepaid expenses and other assets 193,000 184,000
Total current assets 772,000 1,512,000
Cash and investments held in trust account 172,598,000 172,579,000
Total assets 173,370,000 174,091,000
Current liabilities:    
Accounts payable and accrued liabilities 1,426,000 677,000
Accrued franchise taxes 50,000 83,000
Total current liabilities 1,476,000 760,000
Warrant liability 24,165,000 21,519,000
Deferred underwriting compensation 6,038,000 6,038,000
Total liabilities 31,679,000 28,317,000
Common stock subject to possible redemption 136,691,000 140,774,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 1,000,000 authorized shares; none issued or outstanding
Additional paid-in-capital 20,994,000 16,912,000
Retained earnings (accumulated deficit) (15,994,000) (11,912,000)
Total stockholders’ equity 5,000,000 5,000,000
Total liabilities and stockholders’ equity 173,370,000 174,091,000
Class A common stock    
Stockholders’ equity:    
Common stock value
Total stockholders’ equity
Class B common stock    
Stockholders’ equity:    
Common stock value
Total stockholders’ equity