Quarterly report pursuant to Section 13 or 15(d)

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
Other liabilities:    
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; 13,669,161and 14,077,350 shares (at value of approximately $10.00 per share) 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