General form of registration statement for all companies including face-amount certificate companies

Statements of Cash Flows

v3.21.1
Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:        
Net (loss) income $ (1,472,407) $ 333,179 $ (583,689) $ 1,762,447
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Interest earned on marketable securities held in Trust Account (319) (418,597) (556,030) (2,136,694)
Unrealized gain on marketable securities held in Trust Account (58,919) (142) (12,428)
Change in fair value of warrant liability 770,250      
Changes in operating assets and liabilities:        
Prepaid expenses (43,500) (62,633) 8,076 (8,076)
Accounts payable and accrued expenses 624,988 12,728 877,453 (4,352)
Net cash used in operating activities (120,988) (194,242) (254,332) (399,103)
Cash Flows from Investing Activities:        
Investment of cash in Trust Account     (108,000,000)
Cash withdrawn from Trust Account for redemption of Ordinary Shares     97,059,791
Cash withdrawn from Trust Account for redemption of ordinary shares 3,073 100,000
Net cash provided by investing activities 3,073 97,159,791 (108,000,000)
Cash Flows from Financing Activities:        
Proceeds from sale of Units, net of underwriting discounts paid     105,300,000
Proceeds from sale of Private Units     3,950,000
Advance from related party     9,041
Repayment of advances from related party     (81,280)
Repayment of promissory note – related party     (34,259)
Payment of offering costs     (391,875)
Redemption of ordinary shares 3,073   (97,059,791)
Net cash used in financing activities (3,073) (97,059,791) 108,751,627
Net Change in Cash (120,988) (194,242) (154,332) 352,524
Cash – Beginning 198,192 352,524 352,524
Cash – Ending 77,204 158,282 198,192 352,524
Non-Cash Investing and Financing Activities:        
Initial classification of Ordinary Shares subject to possible redemption     103,741,340
Change in value of ordinary shares subject to possible redemption $ (5,682,236) $ 333,179 $ (583,687) $ 1,762,651