Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.21.2
Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 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     2021     2020  
   

Three Months

Ended
June 30,

   

Six Months

Ended

June 30,

 
    2021     2020     2021     2020  
Ordinary Shares subject to possible redemption                                
Numerator: Earnings allocable to ordinary shares subject to possible redemption                                
Interest income attributable to redeemable ordinary shares   $ 260     $ 50,465     $ 506     $ 504,105  
Net Income allocable to ordinary shares subject to possible redemption   $ 260     $ 50,465     $ 506     $ 504,105  
                                 
Denominator: Weighted Average ordinary shares subject to possible redemption                                
Basic and diluted weighted average shares outstanding     1,322,096       10,332,435       1,046,175       10,338,488  
Basic and diluted net income per redeemable ordinary share   $ 0.00     $ 0.00     $ 0.00     $ 0.05  
                                 
Non-Redeemable Ordinary Shares                                
Numerator: Net Loss minus Net Earnings                                
Net Loss   $ (790,127 )   $ (781,003 )   $ (2,262,534 )   $ (447,824)  
Net Income allocable to ordinary shares stock subject to possible redemption     (260 )     (50,465 )     (506 )     (504,105 )
Non-Redeemable Net Loss   $ (790,387 )   $ (831,468 )   $ (2,263,040 )   $ (951,929)
                                 
Denominator: Weighted Average Non-Redeemable ordinary shares                                
Basic and diluted weighted average shares outstanding     3,095,000       3,562,575       3,370,969       3,556,513  
Basic and diluted net loss per Non-Redeemable ordinary share   $ (0.26 )   $ (0.23 )   $ (0.67 )   $ (0.27 )