Annual report pursuant to Section 13 and 15(d)

Income Tax (Tables)

v3.21.1
Income Tax (Tables)
 12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets

The Company’s net deferred tax assets are as follows:

 

    December 31,
2020		  
Deferred tax asset        
Organizational costs/Startup expenses   $ 29,754  
Federal Net Operating loss     12,810  
Total deferred tax asset     42,564  
Valuation allowance     (42,564 )
Deferred tax asset, net of allowance   $ —  
Schedule of income tax provision

The income tax provision consists of the following:

 

    December 31,
2020		  
Federal        
Current   $ —  
Deferred     (42,564 )
         
State        
Current     —  
Deferred     —  
Change in valuation allowance     42,564  
Income tax provision   $ —  
Schedule of reconciliation of the federal income tax rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2020 is as follows: 

 

Statutory federal income tax rate     21.0 %
State taxes, net of federal tax benefit     0.0 %
Permanent Book/Tax Differences     0.00 %
Change in valuation allowance     (21.0 )%
Income tax provision     — %