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INCOME TAX (Q1) (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
INCOME TAX [Abstract] |  |
Net Deferred Tax Assets | The Company’s net deferred tax assets are as follows:
|  | March 31, 2021 |  |  | December 31, 2020 |
Deferred tax asset |  |  |  |  |  |
Net operating loss carryforward |  | $ | 10,920 |  |  | $ | 10,861 |
Change in fair value of warrants |  |  | 753,532 |  |  |  | — |
Organizational costs/Startup expenses |  |  | 456,120 |  |  |  | 78,848 |
Total deferred tax asset |  |  | 1,220,572 |  |  |  | 89,709 |
Valuation allowance |  |  | (1,220,572 | ) |  |  | (89,709 | )
Deferred tax asset, net of allowance |  | $ | — |  |  | $ | — |
| The Company’s net deferred tax assets are as follows:
|  | December 31, 2020 |
Deferred tax asset |  |  |
Net operating loss carryforward |  | $ | 10,861 |
Organizational costs/Startup expenses |  |  | 78,848 |
Total deferred tax asset |  |  | 89,709 |
Valuation allowance |  |  | (89,709 | )
Deferred tax asset, net of allowance |  | $ | — |
Income Tax Provision | The income tax provision consists of the following:
|  | March 31, 2021 |  |  | December 31, 2020 |
Federal |  |  |  |  |  |
Current |  | $ | — |  |  | $ | — |
Deferred |  |  | (1,220,572 | ) |  |  | (89,709 | )
State |  |  |  |  |  |  |  |
Current |  | $ | — |  |  | $ | — |
Deferred |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | 1,220,572 |  |  |  | 89,709 |
Income tax provision |  | $ | — |  |  | $ | — |
| The income tax provision consists of the following:
|  | December 31, 2020 |
Federal |  |  |
Current |  | $ | — |
Deferred |  |  | (89,709 | )
State |  |  |  |
Current |  | $ | — |
Deferred |  |  | — |
Change in valuation allowance |  |  | 89,709 |
Income tax provision |  | $ | — |
Reconciliation of Federal Income Tax Rate | A reconciliation of the federal income tax rate to the Company’s effective tax rate at March 31, 2021 is as follows:
|  | March 31, 2021 |
Statutory federal income tax rate |  |  | 21.0 | %
State taxes, net of federal tax benefit |  |  | 0.0 | %
Change in fair value of warrant liability |  |  | -13.2 | %
Change in valuation allowance |  |  | -7.8 | %
Income tax provision |  |  | 0.0 | %
| A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2020 is as follows:
|  | December 31, 2020 |
Statutory federal income tax rate |  |  | 21.0 | %
State taxes, net of federal tax benefit |  |  | 0.0 | %
Change in fair value of warrant liability |  |  | (18.9 | %)
Change in valuation allowance |  |  | (2.1 | %)
Income tax provision |  |  | 0.0 | %

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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