Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 447,734 $ 782,937
Prepaid expenses 313,161 292,552
Total Current Assets 760,895 1,075,489
Marketable securities held in Trust Account 111,104,658 111,101,918
TOTAL ASSETS 111,865,553 112,177,407
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current Liabilities - Accrued expenses 98,780 106,241
Warrant liability 13,320,000 15,750,000
Deferred underwriting fee payable 3,850,000 3,850,000
Total Liabilities 17,268,780 19,706,241
Commitments
Class A common stock subject to possible redemption 8,870,814 and 8,660,511 shares at redemption value at March 31, 2021 and December 31, 2020, respectively 89,596,768 87,471,161
Stockholders’ Equity    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized; 4,879,186 and 5,089,489 issued and outstanding (excluding 8,870,814 and 8,660,511 shares subject to possible redemption) at March 31, 2021 and December 31, 2020, respectively 488 509
Additional paid-in capital 1,588,690 3,714,276
Retained earnings 3,410,827 1,285,220
Total Stockholders’ Equity 5,000,005 5,000,005
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 111,865,553 $ 112,177,407