Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.21.1
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of Basic and Diluted Loss Per Ordinary Share

The Company’s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to possible redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows:

 

    2021     2020  
   

Three Months Ended

March 31,

 
    2021     2020  
Ordinary Shares subject to possible redemption                
Numerator: Earnings allocable to ordinary shares subject to possible redemption                
Interest earned on marketable securities held in Trust Account   $ 18     $ 400,472  
Unrealized gain on marketable securities held in Trust Account           56,368  
Net Income allocable to ordinary shares subject to possible redemption   $ 18     $ 456,840  
Denominator: Weighted Average ordinary shares subject to possible redemption                
Basic and diluted weighted average shares outstanding     767,189       10,344,550  
Basic and diluted net income per redeemable ordinary share   $ 0.00     $ 0.04  
                 
Non-Redeemable Ordinary Shares                
Numerator: Net Loss minus Net Earnings                
Net Income (loss)   $ (1,472,407 )   $ 333,179  
Net Income allocable to ordinary shares stock subject to possible redemption     (18 )     (456,840 )
Non-Redeemable Net Loss   $ (1,472,425 )   $ (123,661 )
Denominator: Weighted Average Non-Redeemable ordinary shares                
Basic and diluted weighted average shares outstanding     3,650,004       3,550,450  
Basic and diluted net loss per Non-Redeemable ordinary share   $ (0.40 )   $ (0.03 )