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

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Fair Value Disclosures [Abstract]    
Schedule of Fair Value Assets Measured on Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description   Level     March 31, 2021     December 30, 2020  
Assets:                        
Marketable securities held in Trust Account     1     $ 13,542,749       13,545,503  
Liabilities:                        
Warrant Liability – Private Warrants     3       770,250          

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020 and 2019 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

 Schedule of Fair Value Assets Measured on Recurring Basis

Description   Level    

December 31,

2020

    

December 31,

2019

  
Assets:                        
Marketable securities held in Trust Account     1     $ 13,545,503     $ 110,149,122  
Schedule of Binomial Lattice Model for Private Warrants

The key inputs into the binomial lattice model incorporating the Cox-Ross-Rubenstein methodology for the Private Warrants were as follows at March 31, 2021:

 

Input   March 31, 2021  
Risk-free interest rate     0.87 %
Dividend yield     0.00 %
Selected volatility     25.2 %
Exercise price   $ 11.50  
Market Stock Price   $ 10.27  
 
Schedule of Changes in Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of warrant liabilities for the period:

 

    Private  
         
Fair value as of March 31, 2021   $ 770,250