v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net (loss) income $ (893,718) $ 273,220
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Interest earned on cash and marketable securities held in Trust Account (88) (113,077)
Change in fair value of warrant liability 658,226 0
Forgiveness of debt 0 (352,071)
Changes in operating assets and liabilities:    
Prepaid expenses 22,500 0
Prepaid incomes taxes 0 69,483
Accounts payable and accrued expenses 34,184 42,866
Income taxes payable 0 3,145
Net cash used in operating activities (178,896) (76,434)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account to pay redeeming stockholders 0 25,997,965
Cash withdrawn from Trust Account to pay franchise taxes 0 120,830
Investment of cash in Trust Account 0 (192,520)
Net cash provided by investing activities 0 25,926,275
Cash Flows from Financing Activities:    
Proceeds from promissory notes 155,206 96,246
Proceeds from promissory note – related party 23,456 132,646
Redemption of common stock 0 (25,997,965)
Net cash provided by (used in) financing activities 178,662 (25,769,073)
Net Change in Cash (234) 80,768
Cash – Beginning 466 6
Cash – Ending 232 80,774
Non-Cash Investing and Financing activities:    
Change in value of common stock subject to possible redemption $ 0 $ 1,497,477

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