UNAUDITED CONDENSED STATEMENT OF CASH FLOWS |
3 Months Ended |
|---|---|
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Mar. 31, 2021
USD ($)
| |
| Cash flows from operating activities: | |
| Net income | $ 3,043,204 |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Interest earned on treasury securities held in Trust Account | (14,118) |
| Unrealized gain on change in fair value of warrants | (3,610,250) |
| Changes in current assets and current liabilities: | |
| Prepaid assets | 52,410 |
| Accounts payable | 99,701 |
| Due to related party | 1,326 |
| Net cash used in operating activities | (427,727) |
| Cash Flows from Investing Activities: | |
| Proceeds from sale of investment held in Trust Account | 116,170,000 |
| Investment held in Trust Account | (116,170,000) |
| Net cash used in investing activities | 0 |
| Net Change in Cash | (427,727) |
| Cash - Beginning | 1,184,215 |
| Cash - Ending | 756,488 |
| Supplemental Disclosure of Non-cash Financing Activities: | |
| Change in value of common stock subject to possible redemption | $ 3,043,204 |
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. No definition available.
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- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets. No definition available.
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